Bill > S776

This bill, known as the "Undertaking Negotiations on Investment and Trade for Economic Dynamism Act" (UNITED Act), provides the President with authority to negotiate a comprehensive trade agreement with the United Kingdom by March 1, 2029. The bill emphasizes the strategic importance of deepening economic ties with the UK, highlighting their shared values and historical "special relationship." It mandates that the President initiate negotiations within 180 days of enactment to reduce trade barriers across various industries and service sectors. The legislation sets specific parameters for these negotiations, including preserving the Good Friday Agreement's principles and maintaining high standards similar to the United States-Mexico-Canada Agreement (USMCA). The bill requires extensive Congressional consultation throughout the negotiation process and establishes that any final trade agreement must be approved by Congress. It also includes limitations on duty modifications and ensures that the proposed agreement cannot be waived, suspended, or terminated without Congressional approval. The bill aims to strengthen economic competitiveness, create export opportunities, and improve economic prospects for businesses, workers, farmers, and ranchers in both countries by establishing a comprehensive and high-standard trade agreement.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/776/all-info