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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.