3398 bill was sponsored by Democrat Sam Gibbons representing the Florida's 7th congressional district.

[1] The Act of Congress was enacted into law by 40th President of the United States Ronald Reagan on October 30, 1984.

[2][3] A key feature of the legislation was its modification of the 1974 Trade Act's Fast track authority, incorporating a "committee gatekeeping" device.

Congress opted to adapt the fast-track procedure to possible bilateral free-trade agreements with nations other than Israel.

For example, the 60-day pre-negotiation consultation period with the two committees secured their involvement in the Canada-United States Free Trade Agreement negotiations months before formal talks began, allowing Congress to extract concessions from the President as a condition of letting negotiations proceed.