To prohibit the revocation of waivers of the competitive need limitation under the Generalized System of Preferences program unless certain conditions are met.

Amends the Trade Act of 1974 to prohibit the President from revoking any waiver of the competitive need limitation in effect, on or after June 20, 2007, with respect to an article from a beneficiary developing country under the Generalized System of Preferences program unless certain conditions are met.