The story has a lot of parallels to the story of the Harkin Bill. For those that don't know, I've paraphrased the Wikipedia article below:
"Based on the Bangladesh Bureau of Statistics Labor Force Survey estimated there were about 5.7 million 10- to 14-year-old children engaged in Child labour in Bangladesh. This number may have been as high as 15 million children."
... "In 1993 employers in Bangladesh' ready-made garment (RMG) industry dismissed 50,000 children (c. 75 percent of child workers in the textile industry) out of fear of economic reprisals of the imminent passage of the Child Labor Deterrence Act"
... "The act which banned "importation to the United States of products which are manufactured or mined in whole or in part by children" would have resulted in the loss of lucrative American contracts. Its impact on Bangladesh's economy would have been significant as the export-oriented ready-made garment industry represents most of the country's exports."
... "UNICEF sent a team of investigators into Bangladesh to learn what came of the children who were dismissed from their factory jobs. UNICEF's 1997 State of the World's Children report confirmed that most of the children found themselves in much more deplorable situations, such as crushing stones, scavenging through trash dumps, and begging on the streets. Many of the girls eventually ended up in prostitution."
I highly recommend everyone read the full Wikipedia article: https://en.wikipedia.org/wiki/Child_Labor_Deterrence_Act
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For anyone who skipped to the bottom for a TL;DR: Bangladesh had millions of child laborers, US Senator Harkin proposed a bill that would ban importing products made with child labor, and Bangladesh's garment industry (which was most of the country's exports) fired 75% of the children. As a result most children found worse work: crushing stones, scavenging trash, and prostitution.