((a)) ** In general** No duty-free treatment or other preferential treatment extended to beneficiary countries under this chapter shall—

((1)) remain in effect—

((A)) with respect to Colombia after ; and

((B)) with respect to Peru after ;

((2)) remain in effect with respect to Ecuador after , except that duty-free treatment and other preferential treatment under this chapter shall remain in effect with respect to Ecuador during the period beginning on , and ending on , unless the President reviews the criteria set forth in , and on or before , reports to the Committee on Finance of the Senate and the Committee on Ways and Means of the House of Representatives pursuant to subsection (b) that—

((A)) the President has determined that Ecuador does not satisfy the requirements set forth in for being designated as a beneficiary country; and

((B)) in making that determination, the President has taken into account each of the factors set forth in ; and

((3)) remain in effect with respect to Bolivia after , except that duty-free treatment and other preferential treatment under this chapter shall remain in effect with respect to Bolivia during the period beginning on , and ending on , only if the President reviews the criteria set forth in , and on or before , reports to the Committee on Finance of the Senate and the Committee on Ways and Means of the House of Representatives pursuant to subsection (b) that—

((A)) the President has determined that Bolivia satisfies the requirements set forth in for being designated as a beneficiary country; and

((B)) in making that determination, the President has taken into account each of the factors set forth in .

((b)) ** Reports** On or before , the President shall make determinations pursuant to subsections (a)(2)(A) and (a)(3)(A) and report to the Committee on Finance of the Senate and the Committee on Ways and Means of the House of Representatives on—

((1)) such determinations; and

((2)) the reasons for such determinations.