A bill to amend the Trade Act of 1974 with respect to reciprocal market access.

[AI summary unavailable — showing source text] Amends the Trade Act of 1974 to include foreign restrictions on direct investments by U.S. citizens or nationals among the foreign trade restrictions on U.S. commerce that would trigger a U.S. response. Authorizes the President to take action to establish or further the principles of national treatment or reciprocal market access with respect to U.S. goods, U.S. services, and foreign direct investment by U.S. nationals or citizens. Authorizes the President, with respect to furthering such principles, to: (1) enter into bilateral or multilateral negotiations; (2) adjust Government procurement policies to provide for procurement from nations that provide reciprocal market access to comparable U.S. producers; (3) instruct the U.S. directors of the International Bank for Reconstruction and Development (World Bank) and the International Monetary Fund to vote against aid to countries that do not adhere generally to principles of national treatment and market access; (4) request Federal regulatory agencies to consider a country's adherence to such principles in making decisions or taking actions with respect to applications or requests from such country; or (5) propose legislation which w…