A bill to amend the Tariff Act of 1930 to clarify the determination of the definition of a country under the agreement, and for other purposes.

Amends the Tariff Act of 1930 to prohibit designating a country as a country under the Agreement on Subsidies and Countervailing Measures unless the country has committed itself to the General Agreement on Tariffs and Trade (GATT) to eliminate its export subsidies. Designates a beneficiary developing country as a "country under the Agreement" if, instead of committing itself to the GATT, the country agrees to a timetable for eliminating export subsidies and agrees not to: (1) increase the number of product classes receiving subsidies; (2) begin new subsidies; and (3) increase the amount of existing subsidies. Directs the President to review annually a beneficiary developing country's compliance with such agreement. Authorizes revoking a beneficiary developing country's status as a "country under the Agreement" and imposing countervailing of duties on that country.