  We construct the relationship between nonrenormalizable,effective,
time-reversal violating (TV) parity-conserving (PC) interactions of quarks and
gauge bosons and various low-energy TVPC and TV parity-violating (PV)
observables. Using effective field theory methods, we delineate the scenarious
under which experimental limits on permanent electric dipole moments (EDM's) of
the electron, neutron, and neutral atoms as well as limits on TVPC observables
provide the most stringent bounds on new TVPC interactions. Under scenarios in
which parity invariance is restored at short distances, the one-loop EDM of
elementary fermions generate the most severe constraints. The limits derived
from the atomic EDM of $^{199}$Hg are considerably weaker. When parity symmetry
remains broken at short distances, direct TVPC search limits provide the least
ambiguous bounds. The direct limits follow from TVPC interactions between two
quarks.
