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118-hr-8010Committee
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Preserving America’s Interests and Security in Trade Act

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Summary

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This bill modifies the criteria the U.S. government uses to designate countries as beneficiaries under the Generalized System of Preferences (GSP), a trade program that grants duty-free access to certain U.S. markets. The bill adds three new factors for evaluating country eligibility: whether the country allows military base construction by specified nations (defined as "covered nations" in federal law), whether it is deepening economic, diplomatic, or military relations with those nations, and whether it engages in activities that undermine U.S. national security or foreign policy interests. These additions would allow the government to deny or revoke GSP benefits based on a country's military and diplomatic alignment with U.S. strategic concerns.

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Bill details

Congress
118
Bill type
hr
Introduced
April 15, 2024
Sponsor
Not yet available
Last action
December 17, 2024— Referred to the Subcommittee on Trade.

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