[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3158 Introduced in House (IH)]







105th CONGRESS
  2d Session
                                H. R. 3158

   To provide that the President may not waive, with respect to the 
     Socialist Republic of Vietnam, the statutory prohibitions on 
     nondiscriminatory trade treatment, commercial agreements, and 
participation in programs of the United States Government which extend 
 credits or financing guarantees and certain other forms of assistance.


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                    IN THE HOUSE OF REPRESENTATIVES

                            February 4, 1998

 Mr. Rohrabacher (for himself and Mr. Royce) introduced the following 
  bill; which was referred to the Committee on Ways and Means, and in 
   addition to the Committees on Banking and Financial Services, and 
International Relations, for a period to be subsequently determined by 
the Speaker, in each case for consideration of such provisions as fall 
           within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
   To provide that the President may not waive, with respect to the 
     Socialist Republic of Vietnam, the statutory prohibitions on 
     nondiscriminatory trade treatment, commercial agreements, and 
participation in programs of the United States Government which extend 
 credits or financing guarantees and certain other forms of assistance.

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

SECTION 1. PROHIBITION ON WAIVERS ALLOWING NONDISCRIMINATORY TRADE 
              TREATMENT TO, COMMERCIAL AGREEMENTS WITH, AND OTHER FORMS 
              OF ASSISTANCE TO VIETNAM.

    (a) Restriction on Authority To Waive Section 402 of the Trade Act 
of 1974.--Notwithstanding the authority of the President under 
subsections (c) and (d) of section 402 of the Trade Act of 1974 (19 
U.S.C. 2432(c), (d)), the President may not waive the application of 
subsections (a) and (b) of that section with respect to the Socialist 
Republic of Vietnam.
    (b) Export-Import Bank.--The President may not waive the provisions 
of section 2(b)(2)(A) of the Export-Import Bank Act of 1945 (12 U.S.C. 
635(b)(2)(A)), relating to prohibitions on aid to Marxist-Leninist 
countries, with respect to the Socialist Republic of Vietnam.
    (c) Overseas Private Investment Corporation.--The President may not 
waive the provisions of section 620(f) of the Foreign Assistance Act of 
1961 (22 U.S.C. 2370(f)) with respect to the provision to the Socialist 
Republic of Vietnam of insurance, reinsurance, financing, or other 
services by the Overseas Private Investment Corporation.

SEC. 2. NULLIFICATION OF PRIOR WAIVERS.

    Any waiver that is issued before the date of the enactment of this 
Act with respect to the Socialist Republic of Vietnam under any of the 
authorities referred to in section 1 and that is in effect on the day 
before such date shall cease to be effective on such date.
                                 <all>