A bill to promote the development within the United States and foreign countries of American arts and handcrafts.

Authorizes the Secretary of Commerce in cooperation with the Interagency Craft Committee to establish and administer a program to promote the development of American arts and handicrafts in the U.S. and abroad.

Establishes an office of American Arts and Handicrafts within the Department of Commerce to assist the Secretary in carrying out his responsibilities under this Act.

Outlines the functions of such office and authorizes the Secretary in cooperation with the Interagency Craft Committee to promulgate such rules and regulations as may be necessary to carry out this Act.