Convention on Cultural Property Implementation Act

[AI summary unavailable — showing source text] Convention on Cultural Property Implementation Act - Authorizes the President to enter into agreements with countries which are parties to the "Convention on the means of prohibiting and preventing the illicit import, export, and transfer of ownership of cultural property," to apply import restrictions on the archaeological or ethnological materials of requesting countries. Directs the President to seek a commitment of the requesting country to allow exchanges of such materials where such an exchange would not jeopardize such country's cultural patrimony. Prohibits the President from entering into such an agreement unless both the United States and the countries with significant import trade in such materials will apply import restrictions on such materials in concert. Authorizes the President to enter into such an agreement even though a country with significant import trade is not likely to impose import restrictions on such materials, if: (1) the restrictions are not essential for deterring a serious pillage situation; and (2) the application of import restrictions, by the United States and other nations with a significant import trade in such materials, would be a substantial h…