WASHINGTON — Legislation lifting a 1974 law, the Jackson-Vanik Amendment, has been introduced in the Senate, which would allow the U.S. to grant permanent normal trade relations (PNTR) to Russia.
The Jackson-Vanik Amendment was established to deny normal trading arrangement to countries that restrict emigration. It was a reaction to barriers the Soviet Union put up for Jews and other minorities who wanted to leave that country in the 1970s.
Under the Jackson-Vanik Amendment, the U.S. can grant normal trade relations to Russia only on an annual basis.
However, presidents from both the Democratic and Republican. . .
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