Bill

Bill > HR1024


US HR1024

US HR1024
US-Kazakhstan Trade Modernization Act


summary

Introduced
02/05/2025
In Committee
02/05/2025
Crossed Over
Passed
Dead

Introduced Session

119th Congress

Bill Summary

A BILL To authorize the extension of nondiscriminatory treatment (normal trade relations treatment) to the products of Kazakhstan.

AI Summary

This bill authorizes the President to extend nondiscriminatory treatment (also known as normal trade relations treatment) to products from Kazakhstan by terminating the application of Title IV of the Trade Act of 1974 to Kazakhstan. The bill provides context for this action by highlighting several key findings: Kazakhstan has allowed its citizens the right to emigrate freely since 1997, has been compliant with freedom of emigration requirements, has received normal trade relations treatment since 1992, signed a bilateral investment treaty with the United States in 1994, and officially joined the World Trade Organization in 2015. Specifically, the bill empowers the President to determine that Title IV of the Trade Act should no longer apply to Kazakhstan and then proclaim the extension of normal trade relations treatment to Kazakh products. Once the President extends this treatment, Title IV of the Trade Act will automatically cease to apply to Kazakhstan. The bill, officially titled the "US-Kazakhstan Trade Modernization Act," aims to modernize and formalize the trade relationship between the United States and Kazakhstan by removing historical trade restrictions.

Committee Categories

Budget and Finance

Sponsors (34)

Last Action

Referred to the House Committee on Ways and Means. (on 02/05/2025)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...