Southeast Europe Trade Preference Act

[AI summary unavailable — showing source text] Southeast Europe Trade Preference Act - Authorizes the President to proclaim duty-free treatment for all eligible articles from any beneficiary country designated, subject to specified conditions, from among the following: (1) Albania; (2) Bosnia and Herzegovina; (3) Bulgaria; (4) Croatia; (5) the Former Yugoslav Republic of Macedonia; (6) Romania; (7) Slovenia; (8) Kosovo; and (9) Montenegro. (Sec. 5) Prohibits the President from designating any country a beneficiary country if it: (1) has nationalized, expropriated, or otherwise seized ownership or control of property owned by a U.S. citizen or by a corporation, partnership, or association 50 percent or more beneficially owned by U.S. citizens; or (2) has taken certain steps with respect to existing contracts or agreements with, or any patent, trademark, or other intellectual property of, such a person, or imposed or enforced taxes or other exactions, restrictive maintenance, or operational conditions, or other measures with respect to property so owned, the effect of which is to nationalize, expropriate, or otherwise seize ownership or control of such property. Waives such prohibition if the President determines to Congress that…