date:Jun 22, 2012
The permanent normal trade relations (PNTR) would repeal the 1974 Jackson-Vanik Amendment ahead of Russia expectedly joining the World Trade Association later this year.
Section 402 of Title IV of the Trade Act of 1974, the Jackson-Vanik amendment, denies eligibility for NTR status as well as access to US government credit facilities as long as the country denies its citizens the right of freedom-of-emigration.
Senate Finance Committee Chairman, Max Baucus, International Trade Subcommittee Ran