A bill to amend sections 301 and 304 of the Trade Act of 1974, as amended, and section 48(a)(7) of the Internal Revenue Code of 1954, as amended.

Amends the Internal Revenue Code and the Trade Act of 1974 to provide for the denial of the investment tax credit with respect to any article manufactured or produced in a foreign country which has engaged in any act, policy, or practice that: (1) is inconsistent with the provisions of, or otherwise denies benefits to, the United States under, any trade agreement; or (2) is unjustifiable, unreasonable, or discriminatory and burdens or restricts U.S. commerce.