[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3161 Enrolled Bill (ENR)]

        H.R.3161

                       One Hundred Fourth Congress

                                 of the

                        United States of America


                          AT THE SECOND SESSION

         Begun and held at the City of Washington on Wednesday,
   the third day of January, one thousand nine hundred and ninety-six


                                 An Act


 
To authorize the extension of nondiscriminatory treatment (most-favored-
              nation treatment) to the products of Romania.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. FINDINGS.

    The Congress finds that--
        (1) Romania emerged from years of brutal Communist dictatorship 
    in 1989 and approved a new Constitution and elected a Parliament by 
    1991, laying the foundation for a modern parliamentary democracy 
    charged with guaranteeing fundamental human rights, freedom of 
    expression, and respect for private property;
        (2) local elections, parliamentary elections, and presidential 
    elections have been held in Romania, and 1996 will mark the second 
    nationwide presidential elections under the new Constitution;
        (3) Romania has undertaken significant economic reforms, 
    including the establishment of a two-tier banking system, the 
    introduction of a modern tax system, the freeing of most prices and 
    elimination of most subsidies, the adoption of a tariff-based trade 
    regime, and the rapid privatization of industry and nearly all 
    agriculture;
        (4) Romania concluded a bilateral investment treaty with the 
    United States in 1993, and both United States investment in Romania 
    and bilateral trade are increasing rapidly;
        (5) Romania has received most-favored-nation treatment since 
    1993, and has been found by the President to be in full compliance 
    with the freedom of emigration requirements under title IV of the 
    Trade Act of 1974;
        (6) Romania is a member of the World Trade Organization and 
    extension of unconditional most-favored-nation treatment to the 
    products of Romania would enable the United States to avail itself 
    of all rights under the World Trade Organization with respect to 
    Romania; and
        (7) Romania has demonstrated a strong desire to build friendly 
    relationships and to cooperate fully with the United States on 
    trade matters.

SEC. 2. TERMINATION OF APPLICATION OF TITLE IV OF THE TRADE ACT OF 1974 
              TO ROMANIA.

    (a) Presidential Determinations and Extension of Nondiscriminatory 
Treatment.--Notwithstanding any provision of title IV of the Trade Act 
of 1974 (19 U.S.C. 2431 et seq.), the President may--
        (1) determine that such title should no longer apply to 
    Romania; and
        (2) after making a determination under paragraph (1), proclaim 
    the extension of nondiscriminatory treatment (most-favored-nation 
    treatment) to the products of that country.
    (b) Termination of Application of Title IV.--On and after the 
effective date of the extension under subsection (a)(2) of 
nondiscriminatory treatment to the products of Romania, title IV of the 
Trade Act of 1974 shall cease to apply to that country.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.