Trade Act of 1974

E112703

The Trade Act of 1974 is a landmark U.S. law that reshaped American trade policy by granting the president broad negotiating authority, establishing fast-track procedures for trade agreements, and linking trade benefits to human rights and other policy objectives.

All labels observed (3)

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf United States federal statute
trade law
affects United States non-tariff trade measures
United States tariff schedule
appliesTo most-favored-nation tariff treatment
non-market economy countries
codifiedAt 19 U.S.C. § 2101 et seq.
containsProvision Jackson–Vanik amendment
Section 201 safeguard measures
Section 301 unfair trade practices authority
escape clause procedures
generalized system of preferences
trade adjustment assistance
country United States of America
surface form: United States
enables Tokyo Round of Multilateral Trade Negotiations
surface form: Tokyo Round of GATT negotiations

participation in multilateral trade negotiations
enactedBy 93rd United States Congress
establishes consultation requirements with Congress on trade policy
procedures for congressional oversight of trade agreements
establishesProcedure fast-track authority
trade promotion authority
feature expedited congressional consideration of trade agreements
up-or-down vote on trade agreements without amendment
grantsAuthorityTo President of the United States
humanRightsCondition linkage of trade benefits to emigration policies of non-market economies
jurisdiction United States government
surface form: United States federal government
linksPolicyArea foreign policy objectives
human rights policy
trade policy
longTitle An Act to promote the development of an open, nondiscriminatory, and fair world economic system
notableAmendment Jackson–Vanik amendment
policyArea foreign economic policy
international trade
primaryPurpose to authorize the negotiation of trade agreements
to expand international trade
to improve the rules of international trade
to promote economic growth and full employment
to reform United States trade policy
to strengthen economic relations with foreign countries
providesFor assistance to communities adversely affected by trade
assistance to firms adversely affected by trade
assistance to workers adversely affected by trade
relief for domestic industries injured by imports
publicLawNumber Public Law 93-618
regulates negotiation of non-tariff barrier reductions
negotiation of tariff reductions
signedBy Gerald Ford
signingDate 1975-01-03
status in force

How these facts were elicited

Referenced by (9)

Full triples — surface form annotated when it differs from this entity's canonical label.

Trade Expansion Act of 1962 successor Trade Act of 1974
USTR legalBasis Trade Act of 1974
Employment and Training Administration (historically, for some functions) legalAuthority Trade Act of 1974
subject surface form: Employment and Training Administration
this entity surface form: Trade Act of 1974 (as amended, for worker programs)
Uruguay Round Agreements Act amends Trade Act of 1974
Trade Adjustment Assistance for Workers program (employment and training components) legalBasis Trade Act of 1974
this entity surface form: Trade Act of 1974, as amended