This report compares H.R. 3005, the Bipartisan Trade Promotion Authority Act of 2001, as approved by the House on December 6, 2001, and as ordered reported by the Senate Finance Committee on December 18, 2001 (S.Rept. 107-139). The trade negotiating objectives in both versions are similar but not identical. Both versions have the same seven overall objectives, but the Senate Finance Committee version has an eighth on small businesses. They have the same 13 principal objectives, with some language differences for threeforeign investment, agriculture, and dispute settlementand the Senate Finance Committee adds a 14th principal objective on border taxes. Both versions call for the President to take almost the same 12 actions to maintain U.S. competitiveness. The two versions have almost identical language on the President's authority to proclaim tariff changes and to negotiate trade agreements with expedited legislative procedures for an implementing bill. They have the same deadline for negotiating agreements and almost the same requirements for extending the deadline. They both state that a trade agreement must "make progress in meeting" negotiating objectives and describe similar kinds of provisions that an implementing bill may have. Both versions have identical language regarding notification and consultation before and during negotiations. ...