A bill to deny most-favored-nation treatment to countries subject to title IV of the Trade Act of 1974 that discriminate against citizens because of religious, ethnic, or cultural orientation.

Amends the Trade Act of 1974 to prohibit giving nonmarket economy countries nondiscriminatory treatment (most-favored-nation treatment), to prohibit such countries from participating in certain U.S. credit and investment guaranty programs, and to prohibit the President from concluding any commercial agreement with such countries if such countries discriminate or permit discrimination because of religious, ethnic, or cultural orientation.