A bill to amend sections 301 and 304 of the Trade Act of 1974, as amended, and section 48(a)(7) of the Internal Revenue Code of 1954, as amended.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code and the Trade Act of 1974 to provide for the denial of the investment tax credit with respect to any article manufactured or produced in a foreign country which has engaged in any act, policy, or practice that: (1) is inconsistent with the provisions of, or otherwise denies benefits to, the United States under, any trade agreement; or (2) is unjustifiable, unreasonable, or discriminatory and burdens or restricts U.S. commerce.…