[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 343 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
                                 S. 343

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


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           February 24, 1997

 Mr. Thomas (for himself and Mr. Robb) 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 Mongolia.

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

SECTION 1. FINDINGS.

    Congress makes the following findings:
            (1) Mongolia has received most-favored-nation treatment 
        since 1991 and has been found to be in full compliance with the 
        freedom of emigration requirements under title IV of the Trade 
        Act of 1974.
            (2) Mongolia has, since ending its nearly 70 years of 
        dependence on the former Soviet Union, made remarkable progress 
        in establishing a democratic political system and creating a 
        free-market economic system.
            (3) In 1996 Mongolia held its third election under its new 
        constitution, resulting in a parliamentary majority for the 
        coalition of democratic opposition parties and a peaceable 
        transfer of power to the new government.
            (4) Mongolia has concluded a bilateral trade treaty with 
        the United States in 1991, and a bilateral investment treaty in 
        1994.
            (5) Mongolia has acceded to the Agreement Establishing the 
        World Trade Organization.
            (6) Mongolia has demonstrated a strong desire to build a 
        friendly and cooperative relationship with the United States on 
        trade matters.
            (7) The extension of unconditional most-favored-nation 
        treatment to the products of Mongolia would enable the United 
        States to avail itself of all rights under the World Trade 
        Organization with respect to Mongolia.

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

    (a) Presidential Determinations and Extensions 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 
        Mongolia; and
            (2) after making a determination under paragraph (1) with 
        respect to Mongolia, proclaim the extension of 
        nondiscriminatory treatment (most-favored-nation treatment) to 
        the products of that country.
    (b) Termination of Application of Title IV.--On or after the 
effective date of the extension under subsection (a)(2) of 
nondiscriminatory treatment to the products of Mongolia, title IV of 
the Trade Act of 1974 shall cease to apply to that country.
                                 <all>