A bill to amend section 502 (b) (2) of the Trade Act of 1974 to remove certain restrictions on countries which may be designated as beneficiary developing countries.

Amends the Trade Act of 1974, with respect to developing countries which receive certain tariff preferences, to repeal the restrictions which prohibit the President from designating as a "beneficiary developing country" any country which is a member of an arrangement of foreign countries which participates in any action resulting in unreasonable price increases or disrupts the world economy.