A bill to amend the Trade Act of 1974 with respect to articles not eligible for duty-free treatment under the Generalized System of Preferences.

Amends the Trade Act of 1974 to prohibit the President from designating as an article eligible for duty-free treatment under the Generalized System of Preferences any import-sensitive agricultural article which will render ineffective, or materially interfere with, a loan or purchase program, or other industry-wide operation, of the Department of Agriculture. Requires the President to prescribe procedures under which articles may be granted eligible article status, including procedures under which interested persons may petition that articles be granted such status.