S. 2562

A bill to authorize the extension of nondiscriminatory treatment (normal trade relations treatment) to the products of Kazakhstan.

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II

110th CONGRESS

2d Session

S. 2562

IN THE SENATE OF THE UNITED STATES

January 29, 2008

Mr. Lugar introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To authorize the extension of nondiscriminatory treatment (normal trade relations treatment) to the products of Kazakhstan.

1.

Termination of application of title IV of the Trade Act of 1974 to the products of Kazakhstan

(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 the denial of nondiscriminatory treatment should no longer apply to the products of Kazakhstan; and

(2)

after making a determination under paragraph (1) with respect to Kazakhstan, proclaim the extension of nondiscriminatory treatment (normal trade relations treatment) to the products of Kazakhstan.

(b)

Termination of applicability of title IV

On and after the date on which the President extends nondiscriminatory treatment to the products of Kazakhstan pursuant to subsection (a), title IV of the Trade Act of 1974 shall cease to apply to Kazakhstan.