[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3967 Introduced in House (IH)]







104th CONGRESS
  2d Session
                                H. R. 3967

  To provide for a judicial remedy for disputes arising under certain 
                   agreements with foreign entities.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             August 2, 1996

 Mr. Menendez introduced the following bill; which was referred to the 
                       Committee on the Judiciary

_______________________________________________________________________

                                 A BILL


 
  To provide for a judicial remedy for disputes arising under certain 
                   agreements with foreign entities.

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

SECTION 1. JUDICIAL REMEDY TO ENFORCE CERTAIN ARBITRATION CLAUSES.

    (a) Judicial Remedy.--Notwithstanding any other provision of law, 
any person who has entered into any contract, license, or other 
agreement with any foreign entity before July 1, 1985, that contains a 
provision to settle by arbitration any controversy arising out of such 
contract, license, or other agreement, shall not be barred from 
bringing an action in any court of competent jurisdiction in the United 
States, including any Federal or State court, or from seeking 
appropriate relief from any agency of the United States, to resolve any 
controversy arising under such contract, license, or other agreement.
    (b) Person.--For purposes of this section, the term ``person'' 
means--
            (1) any natural person residing in the United States; and
            (2) any corporation, partnership, or other entity organized 
        under the laws of the United States.

SEC. 2. STATUTE OF LIMITATIONS.

    The right under section 1 to bring an action in a court or to seek 
appropriate relief from an agency of the United States applies only if 
the action is commenced, or petition for relief is filed, within the 2-
year period beginning on the date of the enactment of this Act.
                                 <all>