A bill to amend the Trade Act of 1974 in order to authorize the President to designate any country which is a member of the Organization of Petroleum Exporting Countries as eligible for the tariff preferences extended to developing countries under title V of such Act if the President determines that such designation is in the national economic interest and the Congress does not disapprove the designation.

[AI summary unavailable — showing source text] Amends the Trade Act of 1974 to permit the President to designate as a beneficiary developing country, eligible for duty-free treatment, a country which is a member of the Organization of Petroleum Exporting Countries (OPEC), unless the Congress disapproves such designation within 30 days. Prohibits the President from designating as a beneficiary developing country those countries which aid terrorists. Permits motions to discharge committees from further consideration of a resolution disapproving the designation of an OPEC country as a beneficiary developing country, if such committee has not reported it within ten days of introduction.…