S.1778 - Anti-Terrorism Trade Preference Act of 198599th Congress (1985-1986)
|Sponsor:||Sen. Bentsen, Lloyd M. [D-TX] (Introduced 10/21/1985)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 10/23/1985 Committee on Finance requested executive comment from OMB, International Trade Commission, Office of the U.S. Trade Representative, Treasury Department, State Department, Commerce Department. (All Actions)|
This bill has the status Introduced
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Summary: S.1778 — 99th Congress (1985-1986)All Information (Except Text)
Introduced in Senate (10/21/1985)
Anti-Terrorism Trade Preference Act of 1985 - Directs the Secretary of State to identify and publish the name of each country that repeatedly supports acts of international terrorism. Requires the Secretary to provide the Congress with a list of such countries annually.
Imposes the following sanctions on countries identified as supporting international terrorism: (1) termination, withdrawal, or suspension of any treaty that relates to most-favored-nation treatment of such country; (2) denial of most-favored-nation treatment and imposition of column 2 tariff rates on imports from such countries; (3) non-application of the Generalized System of Preferences on imports from such countries; and (4) non-application of the provisions of the Caribbean Basin Economic Recovery Act with respect to the products of such countries. Authorizes the President to waive such sanctions if it would be in the best interests of the United States. Directs the President to notify the Congress 30 days before any such waiver takes effect.