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[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[S. 2107 Introduced in Senate (IS)]

104th CONGRESS
  2d Session
                                S. 2107

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

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

           September 24 (legislative day, September 20), 1996

   Mr. Thomas (for himself, Mr. Robb, and Mr. McCain) 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. CONGRESSIONAL FINDINGS.

    The Congress finds that Mongolia--
            (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;
            (2) 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) has recently 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) has concluded a bilateral trade treaty with the United 
        States in 1991, and a bilateral investment treaty in 1994;
            (5) has acceded to the Agreement Establishing the World 
        Trade Organization;
            (6) has demonstrated a strong desire to build a friendly 
        and cooperative relationship with the United States on trade 
        matters; and
            (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>
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