A bill to amend the Trade Act of 1974 to improve procedures relating to the determination of certain unfair foreign trade practices.

Amends the Trade Act of 1974 to direct the Special Representative for Trade Negotiations, upon receiving information that a foreign country or instrumentality is engaged in an unfair trade practice with respect to certain goods, to inquire into such practice to determine whether an investigation is warranted. Directs the Special Representative to investigate such practice if the inquiry shows the need for an investigation. Requires the Special Representative to make public any determinations within 150 days after publishing notice of the investigation. Requires the Special Representative to provide for appropriate public hearings. Directs the Special Representative to provide for the presentation of views or for a public hearing after the President takes expedited action in the national interest.