[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 737 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
                                 S. 737

    To authorize the extension of nondiscriminatory treatment (most-
 favored-nation treatment) to the products of the People's Republic of 
                                 China.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 13, 1997

Mr. Baucus (for himself and Mr. Chafee) 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 the People's Republic of 
                                 China.

    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) The United States extends most-favored-nation treatment 
        to almost all of its trading partners.
            (2) Since extension of most-favored-nation status to the 
        People's Republic of China in 1979, trade between the United 
        States and the People's Republic of China has grown rapidly, 
        promoting jobs and prosperity in both countries.
            (3) The United States is working with the People's Republic 
        of China to draft a commercially acceptable Protocol of 
        Accession under which the People's Republic of China would 
        accede to the World Trade Organization.
            (4) Extension of permanent most-favored-nation treatment to 
        the People's Republic of China would enable the United States 
        to avail itself of all rights under the World Trade 
        Organization with respect to the People's Republic of China, 
        and would result in greater market access, job creation, and 
        fairness in trade once the Protocol is completed.

SEC. 2. TERMINATION OF APPLICATION OF TITLE IV OF THE TRADE ACT OF 1974 
              TO THE PEOPLE'S REPUBLIC OF CHINA.

    (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 the 
        People's Republic of China; 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 the People's Republic of 
China, title IV of the Trade Act of 1974 shall cease to apply to that 
country.
                                 <all>