A bill to require the Committee for the Implementation of Textile Agreements to report to Congress by April 1, 1999, on the availability of certain wool fabric, and for other purposes.

Directs the Committee for the Implementation of Textile Agreements to report to specified congressional committees with respect to: (1) the current and projected availability through December 31, 2004, of certain categories of wool fabrics imported from North American Free Trade Agreement (NAFTA) countries; (2) the existence of any deficiency in the supply of those fabric categories, including U.S. domestic producers of such fabrics and the causes of any supply deficiency; (3) the economic consequences resulting from the deficiency, if any, for U.S. producers of the textile goods and articles using such fabrics (including U.S. domestic producers of such fabrics); (4) the economic consequences for such U.S. producers and U.S. producers of fiber, tops, yarn, and fabric resulting from the reduction and elimination of tariffs in 1999 for each fabric category; (5) the capability of the Customs Service to monitor effectively and verify that the imports of wool fabrics meet U.S. tariff and quota requirements; and (6) the economic consequences of the wool apparel tariff preference level provision in the U.S.-Canada Free Trade Agreement and NAFTA on the U.S. wool textile and apparel industry.

Declares that nothing in this Act is intended to affect the elimination of quotas or the application of safeguards provided for in the Agreement on Textiles and Clothing or the Agreement on Safeguards.