Protecting American Small Business Trade Act of 1998
Latest action (21 Oct 1998): Introduced
What this bill does
Generate a neutral, plain-English explanation of what this bill does, who it affects and what happens next — grounded in the official text.
Official summary
Protecting American Small Business Trade Act of 1998 -Provides that any person who has entered into a contract, license, or other agreement (contract) with a foreign entity before July 1, 1985, that contains a provision to settle any controversy by arbitration shall not be barred from bringing an action in any court of competent jurisdiction in the United States, including any Federal or State court, or from seeking appropriate relief from any U.S. agency to resolve any controversy. Requires actions to be brought under this Act before 180 days after its enactment.
Common questions
- What does S. 2654 do?
- Protecting American Small Business Trade Act of 1998 -Provides that any person who has entered into a contract, license, or other agreement (contract) with a foreign entity before July 1, 1985, that contains a provision to settle any controversy by arbitration shall not be barred from bringing an action in any court of competent jurisdiction in the United States, including any Federal or State court, or from seeking appropriate relief from any U.S. agency to resolve any controversy. Requires actions to be brought under this Act before 180 days after its enactment.
- Has S. 2654 become law?
- Not yet. As of 21 Oct 1998, S. 2654 is introduced.
- Who sponsored S. 2654?
- S. 2654 was sponsored by Sen. Robert Torricelli [D-NJ, 1997-2002] (Democrat-NJ), with 0 cosponsors.
- What's the latest action on S. 2654?
- Introduced (21 Oct 1998).
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