To extend until January 1, 1998, the existing suspension of duty on certain bicycle parts, and for other purposes.

Amends the Harmonized Tariff Schedule of the United States to extend, through December 31, 1997, the suspension of duty on certain bicycle parts and accessories.

Amends the Foreign Trade Zones Act to extend, through December 31, 1997, the exemption from the customs laws for bicycle component parts that are reexported from the United States, whether or not in the original package, as components of a completely assembled bicycle.