A bill to amend section 231 of the Trade Expansion Act of 1962 to permit the extension of trade agreement concessions on a reciprocal basis to products of the Union of Soviet Socialist Republics, Rumania, Hungary, Bulgaria, and Czechoslovakia.

Permits the President, under the Trade Expansion Act, to extend trade agreement concessions on a reciprocal basis to products of the Union of Soviet Socialist Republics, Rumania, Hungary, Bulgaria, and Czechoslovakia. Specifies determinations to be made by the President prior to the extension of such bilateral trade agreements.