To provide a more effective remedy for inadequate trade benefits extended to the United States by other countries and for restrictions on free emigration imposed by other countries.
Fair Trade Opportunities Act - Amends the Trade Act of 1975 to repeal Title IV (Trade Relations with Countries not Currently Receiving Nondiscriminatory Treatment) (Jackson Vanick Act).
Directs the President, after consulting with appropriate congressional committees, to determine whether or not each foreign country that is not a member of the World Trade Organization (WTO) is according adequate trade benefits or substantially equal competitive opportunities to U.S. commerce. Mandates an increase in the rate of duty with respect to the products of any country that is not according U.S. commerce such benefits.
Authorizes the President to increase such rate on any product of a non-market economy country that is not a WTO member if it: (1) denies its citizens the right or opportunity to emigrate; (2) imposes more than a nominal tax on emigration documents, for any purpose; or (3) imposes more than a nominal tax, fine, fee or other charge on any citizen as a consequence of such citizen's desire to emigrate to a country of his or her choice.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E11-12)
Referred to the House Committee on Ways and Means.
Referred to the Subcommittee on Trade.
Sponsor introductory remarks on measure. (CR E1041)
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