A bill to deny certain trade benefits to Romania unless that country recognizes and protects the fundamental human rights and freedoms of all citizens of that country, particularly Hungarian-speaking and other ethnic minorities, and for other purposes.

Suspends nondiscriminatory treatment (most-favored-nation treatment) for products of Romania entered into the United States during the one-year period beginning on the date of enactment of this Act.

Allows the President to restore nondiscriminatory treatment to products of Romania prior to the end of such period if the President submits a report to the Congress, before the 181st day of the suspension year, containing: (1) the annual objectives of the United States toward achieving the gradual reduction of Romanian human rights violations during the remainder of the suspension year and the reduction and termination of such violations during the five succeeding years; and (2) recommendations regarding actions to be taken by the United States within such five-year period to achieve such objectives.

Allows the President to extend nondiscriminatory treatment to the products of Romania during each of the five succeeding years if the President submits a report to the Congress before the beginning of each year stating that the Romanian Government is achieving the applicable human rights violation reduction objectives. Provides for the termination of such nondiscriminatory treatment for any part of such years by enactment of a joint resolution disapproving of the extension of such nondiscriminatory treatment.