A bill to amend the Trade Act of 1974 in order to authorize the President to designate certain countries in the Western Hemisphere as beneficiary developing countries under title V of such Act if the President determines that such designations are in the national economic interest.

Summary

Amends the Trade Act of 1974 to authorize the President to waive prohibitions against the designation of a nation (1) which is a member of OPEC, (2) which is a party to an international arrangement to raise prices to unreasonable levels, or (3) which participates in an international arrangement to withhold vital resources, as a beneficiary developing country for purposes of certain tariff preferences, if the President determines such waiver to be in the national economic interest. Prohibits such waiver if the country is participating, or has participated in such withholding.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 18 April 1977

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 18 April 1977

   Introduced

   Introduced in House

   Source: IntroReferral

3. 18 April 1977

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 18 April 1977

  Open at official source

Sponsors

• Rep. Vanik, Charles A. [D-OH-22] · D · Sponsor
• Rep. Steiger, William A. [R-WI-6] · R · Cosponsor
• Rep. Jones, James R. [D-OK-1] · D · Cosponsor
• Rep. Holland, Kenneth L. [D-SC-5] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend the Trade Act of 1974 in order to authorize the President to designate as beneficiary developing countries under Title V of such Act certain countries which are members of the Organization of Petroleum Exporting Countries.