Senate Passes Bill To Normalize Trade With Russia

Law360, New York (December 6, 2012, 3:28 PM EST) -- The Senate on Thursday passed legislation to remove a set of Cold War-era restrictions and grant normal trade status to Russia, a move that would allow the U.S. to realize the benefits of Russia's recent entrance into the World Trade Organization.

With a 92-4 vote, the Senate passed a bill that would extend permanent normal trade relations status to Russia and Moldova, and repeal the Jackson-Vanik amendment, a provision passed in 1974 that aimed to punish the Soviet Union for human rights abuses.

In prepared remarks...
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