To impose restrictions on the authority to enter into certain trade agreements reducing tariffs with respect to another country.

Prohibits the President from entering into a trade agreement that reduces tariffs or provides other trade benefits with respect to another country if such country has: (1) seized control of property owned by a U.S. citizen or a corporation that is 50 percent or more owned by U.S. citizens; (2) taken steps to repudiate an existing contract or agreement with, or patent, trademark, or other intellectual property of, such citizen or U.S. corporation; (3) imposed taxes, restrictive conditions, or other measures with respect to such property; or (4) failed to act in good faith in enforcing arbitral awards in favor of U.S. citizens or U.S. owned corporations. Declares such prohibition shall apply unless the President submits to the Congress a determination that adequate compensation has been provided to such citizen or corporation.