House Approves Bill Normalizing Trade With Russia

Law360, New York (November 16, 2012, 2:43 PM EST) -- The U.S. House of Representatives on Friday passed a law that would normalize trade relations with Russia, removing Cold War-era restrictions that prevented the U.S. from realizing the full benefits of Russia's recent entry to the World Trade Organization.

With a 365-43 vote, the House passed a bill that would repeal the Jackson-Vanik amendment — a provision passed in 1974 that aimed to punish the Soviet Union for human rights abuses — and extend permanent normal trade relation status to Russia and Moldova. The House bill...
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