A bill to amend section 502 (b) (2) of the Trade Act of 1974 to remove certain restrictions on countries which may be designated as beneficiary developing countries.

[AI summary unavailable — showing source text] Amends the Trade Act of 1974, with respect to developing countries which receive certain tariff preferences, to repeal the restrictions which prohibit the President from designating as a "beneficiary developing country" any country which is a member of an arrangement of foreign countries which participates in any action resulting in unreasonable price increases or disrupts the world economy.…