A resolution to protect the ability of the United States to trade abroad.

(Reported to Senate from the Committee on Finance with amendment, S. Rept. 94-444)

Declares that the Special Representative for Trade Negotiations, the United States Representative to the United Nations, and appropriate officials of the Departments of State, Commerce, the Treasury, Defense, Agriculture, and Justice, in consultation with the chairman of the Committee on Finance and the congressional delegates for trade agreements initiate at once negotiations within the framework of the current multilateral trade negotiations in Geneva, in other negotiations of trade agreements pursuant to the Trade Act of 1974, and in other appropriate international forums with the intent of developing an appropriate code of conduct and specific trading obligations among governments, together with suitable procedures for the settlement of disputes.

Expresses the sense of the Senate that the President should report to the Congress on such negotiations.