Speaker. earlier this year. I introduced H.R. 1908. a companion bill to legislation introduced in the other body by Senator STEVENSON which would modernize our trade policy toward such countries as China. This bill would amend section 402 of the Trade Act of 1974the JacksonVanik amendmentby eliminating the need for a nonmarket country to submit "physical assurances" to the United States that it adheres to a liberal emigration policy as a prerequisite for qualifying for most favored nation status. H.R. 1908 would empower the President to grant a waiver entitling a country to MFN status if he believed such action would promote liberalized emigration. leaving intact the basic framework of the JacksonVanik amendment. Today. I want to call the attention of my colleagues to the hearings that have been scheduled on this legislation next Monday and Tuesday (July 2324) in the Banking Subcommittee on International Trade.
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emigration