A bill to amend the Harmonized Tariff Schedule of the United States to suspend the duties on certain bicycle parts, and for other purposes.

Amends the Harmonized Tariff Schedule of the United States to suspend, through December 31, 1996, the duty on: (1) machines used in the manufacture of bicycle wheels; (2) bicycle handlebar stems made wholly of aluminum alloy and valued over $2.15; and (3) bicycle handlebar stem rotor assemblies. Extends the suspension of duties on certain bicycle parts. Sets a duty on cantilever brakes.

Amends the Free Trade Zone Act to declare that the exemption from the customs laws provided under such Act shall not be available on or before December 31, 1996, to bicycle component parts unless such parts are reexported from the United States, whether in the original package, as components of a completely assembled bicycle, or otherwise.