A bill to authorize the extension of nondiscriminatory treatment (normal trade relations treatment) to products of certain countries.

S. 3103 was introduced in the 119th Congress on November 4, 2025, by Senator Daines (R-MT) with five cosponsors. The bill would authorize the President to terminate application of the Jackson-Vanik amendment to covered countries (all except Belarus, Cuba, and North Korea), thereby permitting extension of normal trade relations (NTR) treatment to their products. This is an authorization bill only — it does not allocate funds or mandate action; it simply grants the President discretionary authority. The bill was read twice and referred to the Senate Committee on Finance on the same day it was introduced, and no additional actions have occurred in the six months since. A companion bill, HR 5917, has been introduced in the House and referred to the Committee on Ways and Means, but likewise has seen no further movement. The legislative path forward requires committee markups, floor votes in both chambers, and presidential signature. With no recorded hearings, markups, or votes, the bill has effectively stalled. For importers like $WMT, $TGT, and , the bill represents a potential future reduction in tariff costs on goods from countries currently subject to Jackson-Vanik restrictions. However, the President already has waiver authority under the existing Trade Act; this bill would simplify the process by removing annual Congressional review requirements. Real market data as of April 30, 2026, shows $WMT at $128.01 (up 3.65% over 30 days), $TGT at $127.87 (up 7.65% over 30 days), and at $270.17 (up 9.54% over 30 days). These 30-day increases reflect broader market conditions rather than any legislative catalyst from this stalled bill.