To impose restrictions on the authority to enter into certain trade agreements reducing tariffs with respect to another country.
Referred to the Subcommittee on Trade.
Congressional Research Service
Official summary
Version 00 · Introduced in House · May 26, 1994
Prohibits the President from entering into a trade agreement that reduces tariffs or provides other trade benefits with respect to another country if such country has: (1) seized control of property owned by a U.S. citizen or a corporation that is 50 percent or more owned by U.S. citizens; (2) taken steps to repudiate an existing contract or agreement with, or patent, trademark, or other intellectual property of, such citizen or U.S. corporation; (3) imposed taxes, restrictive conditions, or other measures with respect to such property; or (4) failed to act in good faith in enforcing arbitral awards in favor of U.S. citizens or U.S. owned corporations. Declares such prohibition shall apply unless the President submits to the Congress a determination that adequate compensation has been provided to such citizen or corporation.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Feb 7, 2024. Consult Congress.gov for the current record.
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