To express the sense of the House of Representatives regarding agreements between the United States and Japan with respect to trade in semiconductors.

Expresses the sense of the House of Representatives that: (1) Japan has not fully complied with the 1986 U.S. - Japan Semiconductor Trade Agreement and that such failure has had an adverse effect on the national security and economic future of the United States; (2) the United States and Japan should enter into a new agreement that will open the Japanese semiconductor market and will address the threat of future dumping of semiconductors by Japan; and (3) the President, the United States Trade Representative, and the Secretary of Commerce should take all steps necessary to negotiate a strong, effective semiconductor trade agreement with Japan.