The text of the bill below is as of Jul 11, 1995 (Passed the House (Engrossed)).
This is not the latest text of this bill. Read the latest text.
1st Session H. R. 1643 _______________________________________________________________________ AN ACT To authorize the extension of nondiscriminatory treatment (most- favored-nation treatment) to the products of Bulgaria. 104th CONGRESS 1st Session H. R. 1643 _______________________________________________________________________ AN ACT To authorize the extension of nondiscriminatory treatment (most- favored-nation treatment) to the products of Bulgaria. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. CONGRESSIONAL FINDINGS AND SUPPLEMENTAL ACTION. (a) Congressional Findings.--The Congress finds that Bulgaria-- (1) 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 since 1993; (2) has reversed many years of Communist dictatorship and instituted a constitutional republic ruled by a democratically elected government as well as basic market-oriented reforms, including privatization; (3) is in the process of acceding to the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO), and extension of unconditional most-favored-nation treatment would enable the United States to avail itself of all rights under the GATT and the WTO with respect to Bulgaria; and (4) has demonstrated a strong desire to build friendly relationships and to cooperate fully with the United States on trade matters. (b) Supplemental Action.--The Congress notes that the United States Trade Representative intends to negotiate with Bulgaria in order to preserve the commitments of that country under the bilateral commercial agreement in effect between that country and the United States that are consistent with the GATT and the WTO. SEC. 2. TERMINATION OF APPLICATION OF TITLE IV OF THE TRADE ACT OF 1974 TO BULGARIA. (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 Bulgaria; and (2) after making a determination under paragraph (1) with respect to Bulgaria, 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 Bulgaria, title IV of the Trade Act of 1974 shall cease to apply to that country. Passed the House of Representatives July 11, 1995. Attest: Clerk.