Bill > HR1704

This bill, the Latin America and Caribbean Nearshoring Act, aims to decrease the United States' dependency on China's manufacturing and reduce migration due to lost regional economic opportunities in Latin American and Caribbean countries. Key provisions of the bill include: directing the Department of State and related agencies to prioritize efforts to help these countries secure their critical mineral and energy supply chains from Chinese control and influence; authorizing the U.S. International Development Finance Corporation to provide assistance to support these efforts; and allowing the President to negotiate agreements with these countries to sell U.S. nuclear reactors, provided certain conditions are met, such as reducing economic dependence on China and allowing Taiwan to establish a commercial office.