To provide relief for domestic producers of tailored wool apparel from increased imports of such apparel from Canada.

Directs the President to take necessary steps to renegotiate with Canada the annual quantity limitations of tailored wool apparel assembled in Canada from fabric or yarn produced or obtained in a non-North American Free Trade Agreement (NAFTA) country, that is eligible for preferential tariff treatment under NAFTA, to reflect current conditions in the wool apparel industry in Canada and the United States, including the ability of tailored wool apparel producers to obtain supplies of wool fabric within U.S. and Canadian territories.