To extend until January 1, 1996, the previously existing temporary duty suspension on certain knitting machines and parts, and for other purposes.

Amends the Harmonized Tariff Schedule of the United States to extend, through December 31, 1995, the suspension of duty on circular and power driven flat knitting machines and parts. Extends, through December 31, 1994, the suspension of duty on: (1) hosiery knitting machines and parts; and (2) needles for knitting machines.