Jackson-Vanik amendment

According to the 1974 Trade act, the Jackson-Vanik amendment, named for its major co-sponsors, Sen. Henry "Scoop" Jackson (D-WA) and Rep. Charles Vanik (D-OH), denied Normal Trade Relations to certain countries with non-market economies that restricted emigration rights. Permanent normal trade relations would be extended to a country subject to the law only if the President determined that it complies with the freedom of emigration requirements of the amendment. However, the President had the authority to grant a yearly waiver to the provisions of Jackson-Vanik, and these waivers were granted to the People's Republic of China starting in the late 1970's and later to Vietnam.

Related Topics:
1974 - Henry "Scoop" Jackson - D - WA - Charles Vanik - OH - Normal Trade Relations - Market economies - Emigration - Rights - President - People's Republic of China - Vietnam

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President Gerald Ford signed the amendment into law on January 3, 1975, after both houses of the United States Congress unanimously voted for its adoption.

Related Topics:
Gerald Ford - Amendment - Law - January 3 - 1975 - United States Congress - Unanimous

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