TNAG-2468-FCO40-3592-Most-favoured-nation-status-for-China-Hong-Kong-interests-1992 — Page 193

3 June

3 July

31 August

July/August

President must decide before 3 June on

MFN for the period 3 July 92 to 3 July 93.

MFN expires. (If not already renewed).

If Congress wishes to challenge the President's renewal of MFN, it may do so by

introducing a Joint Resolution of

Disapproval (JRD), before 31 August. The

JRD is subject to Presidential veto and

Congress has only 15 days to override it.

These

Although the Congress can introduce bills setting conditions for renewal at any time,

they are most likely to do so during the debate on renewal in July/August. bills will work their way through Congress in the usual way (ie through sub-committee

hearings, votes in both Houses, and

reconciliation of any differences between

House and Senate versions. There is no

timetable for such bills, although any outstanding at the end of the session

(October/November) automatically die and

new ones will have to be introduced for

1993. These bills are subject to

Presidential veto.

KIPAIY/2