[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[S. 1644 Introduced in Senate (IS)]







104th CONGRESS
  2d Session
                                S. 1644

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


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 26, 1996

   Mr. Brown (for himself, Mr. Simon, Mr. Grassley, and Mr. Baucus) 
introduced the following bill; which was read twice and referred to the 
                          Committee on Finance

_______________________________________________________________________

                                 A BILL


 
    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. 2341 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.
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