[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 249 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 249

To amend the Trade Act of 1974 in order to require reciprocal responses 
 to foreign acts, policies, and practices that deny national treatment 
                      to United States investment.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 5, 1993

Mr. McCandless introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Trade Act of 1974 in order to require reciprocal responses 
 to foreign acts, policies, and practices that deny national treatment 
                      to United States investment.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, That section 301 of the 
Trade Act of 1974 (19 U.S.C. 2411) is amended--
            (1) by inserting ``(except with respect to the action 
        required under subsection (c)(2))'' before ``subject to the 
        specific direction,'' in subsection (b);
            (2) by redesignating paragraphs (2) through (6) of 
        subsection (c) as paragraphs (3) through (7), respectively; and
            (3) by inserting after paragraph (1) of subsection (c) the 
        following new paragraph:
            ``(2) For purposes of carrying out the provisions of 
        subsection (b) with respect to any act, policy, or practice of 
        a foreign country that denies national treatment to United 
        States investment, action by the United States shall be treated 
        as being appropriate and the Trade Representative shall, in 
        addition to any other action considered appropriate and 
        feasible, impose with respect to investment by that country and 
        its nationals in the United States conditions, limitations, and 
        prohibitions that are similar to those implemented through such 
        act, policy, or practice.''.

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