In the nature of a substitute.

SA 2771. Mr. COBURN proposed an amendment to the bill S. 3326, to
amend the African Growth and Opportunity Act to extend the third-
country fabric program and to add South Sudan to the list of countries
eligible for designation under that Act, to make technical corrections
to the Harmonized Tariff Schedule of the United States relating to the
textile and apparel rules of origin for the Dominican Republic-Central
America-United States Free Trade Agreement, to approve the renewal of
import restrictions contained in the Burmese Freedom and Democracy Act
of 2003, and for other purposes; as follows:

Strike all after the enacting clause and insert the
following:

SECTION 1. AMENDMENTS TO AFRICAN GROWTH AND OPPORTUNITY ACT.

(a) Extension of Third-Country Fabric Program.--Section
112(c)(1) of the African Growth and Opportunity Act (19
U.S.C. 3721(c)(1)) is amended--
(1) in the paragraph heading, by striking ``2012'' and
inserting ``2015'';
(2) in subparagraph (A), by striking ``2012'' and inserting
``2015''; and
(3) in subparagraph (B)(ii), by striking ``2012'' and
inserting ``2015''.
(b) Addition of South Sudan.--Section 107 of that Act (19
U.S.C. 3706) is amended by inserting after ``Republic of
South Africa (South Africa).'' the following:
``Republic of South Sudan (South Sudan).''.
(c) Conforming Amendment.--Section 102(2) of that Act (19
U.S.C. 3701(2)) is amended by striking ``48''.
(d) Effective Date.--The amendments made by this section
shall take effect on the date of the enactment of this Act.

SEC. 2. ELIMINATION OF UNNECESSARY DUPLICATION, REDUNDANCY,
AND OVERLAP OF FEDERAL TRADE PROGRAMS.

Notwithstanding any other provision of law, the Director of
the Office of Management and Budget shall coordinate with the
heads of the relevant Federal agencies--
(1) to, not later than 60 days after the date of the
enactment of this Act, eliminate, consolidate, or streamline
Federal programs and Federal agencies with duplicative or
overlapping missions relating to trade;
(2) to, not later than September 30, 2012, rescind the
unobligated balances of all amounts made available for fiscal
year 2012 for programs relating to trade for the Department
of Commerce, the Small Business Administration, the Export-
Import Bank of the United States, the Overseas Private
Investment Corporation, and the Trade and Development Agency,
with the amounts rescinded to be deposited in the general
fund of the Treasury for purposes of deficit reduction;
(3) to reduce spending on programs described in paragraph
(2) by not less than $192,000,000 in fiscal years 2012 and
2013 (including the amounts rescinded pursuant to paragraph
(2)); and
(4) to report to Congress not later than 180 days after the
date of the enactment of this Act with recommendations for
any legislative changes required to further eliminate,
consolidate, or streamline Federal programs and Federal
agencies with duplicative or overlapping trade missions.

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