Amends the Trade Act of 1974 to authorize the President to terminate or suspend the designation of a country as a beneficiary developing country if such action is appropriate to enforce U.S. rights under a trade agreement or to respond to unfair foreign trade practices.
Prohibits the President from designating a country as a beneficiary developing country if any act or practice of such country has been found: (1) to be inconsistent with, or to otherwise deny benefits to, the United States under a trade agreement; or (2) to be unjustifiable, unreasonable, or discriminatory, and to burden or restrict U.S. commerce.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Committee on Finance requested executive comment from OMB, International Trade Commission, Office of the U.S. Trade Representative, Treasury Department, State Department, Commerce Department.
Committee on Finance requested executive comment from Agriculture Department.
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