Trade Preferences and American Manufacturing Competitiveness Act of 2021
The source supplies the latest action, but no lifecycle stage.
Latest action (22 Jun 2021): Referred to the Subcommittee on Trade.
What this bill does
H.R. 4037, the Trade Preferences and American Manufacturing Competitiveness Act of 2021, proposes to reauthorize and revise several U.S. trade programs.
The bill would extend the Generalized System of Preferences (GSP), which allows certain products from designated countries to enter the U.S. without tariffs, until January 1, 2027. It also introduces changes to GSP eligibility, requiring consideration of human rights and environmental factors, and mandates assessments on how the program supports worker and gender rights. Additionally, the bill would provide temporary duty suspensions or reductions for specific imported products, known as the Miscellaneous Tariff Bill (MTB), through December 31, 2023, and would allow the U.S. International Trade Commission to continue its review process for future MTB cycles. Finally, it would extend customs user fees until June 21, 2031.
This legislation affects businesses involved in international trade, potentially influencing the cost of imported goods and the competitiveness of American manufacturing. The bill was introduced in the House of Representatives on June 22, 2021, and has been referred to the Committee on Ways and Means. Its status is "Introduced," meaning it has not yet advanced to further legislative stages.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Trade Preferences and American Manufacturing Competitiveness Act of 2021
This bill reauthorizes and revises specified U.S. trade programs and provisions.
Specifically, the bill extends through January 1, 2027, the Generalized System of Preferences (GSP), which provides duty-free treatment to products imported from designated beneficiary countries. The bill makes various changes to the GSP, including by (1) adding human rights, environmental, and other criteria for designation as a beneficiary developing country; (2) requiring an assessment of how the GSP supports worker and gender rights; and (3) requiring a study on rules of origin and GSP utilization rates.
Additionally, the bill provides through December 31, 2023, and retroactively applies to 120 days before this bill's enactment, temporary duty suspensions or reductions to eligible imported products. This authorization is commonly known as the Miscellaneous Tariff Bill (MTB). The last version of the MTB was enacted in September 2018 and the temporary treatment for those products listed in the MTB expired on December 31, 2020.
The bill also extends the American Manufacturing Competitiveness Act of 2016 for two future MTB cycles (one in 2022 and one in 2025). This extension allows the U.S. International Trade Commission to conduct the MTB petition, review, and recommendation process for those additional cycles.
The bill extends customs user fees through June 21, 2031.
Timeline
22 Jun 2021
Referred to the Subcommittee on Trade.
Common questions
- What does H.R. 4037 do?
- H.R. 4037, the Trade Preferences and American Manufacturing Competitiveness Act of 2021, proposes to reauthorize and revise several U.S. trade programs. The bill would extend the Generalized System of Preferences (GSP), which allows certain products from designated countries to enter the U.S. without tariffs, until January 1, 2027. It also introduces changes to GSP eligibility, requiring consideration of human rights and environmental factors, and mandates assessments on how the program supports worker and gender rights. Additionally, the bill would provide temporary duty suspensions or reductions for specific imported products, known as the Miscellaneous Tariff Bill (MTB), through December 31, 2023, and would allow the U.S. International Trade Commission to continue its review process for future MTB cycles. Finally, it would extend customs user fees until June 21, 2031. This legislation affects businesses involved in international trade, potentially influencing the cost of imported goods and the competitiveness of American manufacturing. The bill was introduced in the House of Representatives on June 22, 2021, and has been referred to the Committee on Ways and Means. Its status is "Introduced," meaning it has not yet advanced to further legislative stages.
- Has H.R. 4037 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 4037. Check the latest action and official source below.
- Who sponsored H.R. 4037?
- H.R. 4037 was sponsored by Rep. Brady, Kevin [R-TX-8] (R-TX), with 17 cosponsors.
- What's the latest action on H.R. 4037?
- Referred to the Subcommittee on Trade. (22 Jun 2021).
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