Chinese Student Protection Act bill

Chinese Student Protection Act of 1992 - Sets forth the following rules for certain Chinese nationals who apply for adjustment to lawful permanent resident (immigrant) status under the Immigration and Nationality Act during the one-year period beginning July 1, 1993: (1) such aliens shall be deemed to have had an approved petition for employment-based admission; (2) such aliens shall be exempt from provisions regarding visa number availability, numerical levels, labor certification, entry document requirements, and the two-year home country residence requirement; and (3) the Attorney General may waive other grounds for excludability (except for certain criminal and security grounds) for humanitarian or family reasons, or if otherwise in the public interest. Applies such provisions to nationals of the People's Republic of China (PRC) described in a specified Executive Order who have resided continuously in the United States since April 11, 1990, and who were not present in the PRC for more than 90 days after such date and before the date of enactment of this Act. Makes such status adjustment provisions inapplicable if the President determines and certifies to the Congress before the application period that conditions in the PRC permit the aliens' safe return. Directs the Attorney General to disseminate status adjustment information to the aliens if the President does not make this determination. Reduces annual PRC immigrant visas to offset status adjustments under this Act (1,000 annually to be allocated between skilled workers (300) and investors (700) if annual entry ceilings are in effect with respect to the PRC.).