Russia Trade Normalization Bill Easily Clears Senate Panel

Law360, New York (July 18, 2012, 2:50 PM EDT) -- A bill that would normalize trade relations with Russia ahead of its expected entry into the World Trade Organization sailed through the U.S. Senate Finance Committee with strong bipartisan support Wednesday, setting the stage for a full Senate vote on the measure.

By a unanimous vote, legislation was approved to remove Russia from the Cold War-era Jackson-Vanik amendment, a 1974 provision passed to punish the Soviet Union for human rights abuses and establish permanent normal trade relations with the country. The bill will also grant permanent...
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