summary
Introduced
10/12/2017
10/12/2017
In Committee
10/12/2017
10/12/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Competitive Need Limitations Modernization Act of 2017 This bill amends the Trade Act of 1974 to revise the competitive need limitation review process by: (1) modifying the deadline for the review process, and (2) establishing the relevant domestic production time frame for such review as within the preceding three years (currently on January 1, 1995). (The competitive need limitation terminates duty-free treatment with respect to articles from a beneficiary developing country if certain import limits are exceeded.)
AI Summary
This bill, the Competitive Need Limitations Modernization Act of 2017, amends the Trade Act of 1974 to revise the competitive need limitation (CNL) review process. Specifically, it modifies the deadline for the CNL review from July 1 to October 15, and changes the relevant domestic production time frame for the review from January 1, 1995, to the preceding three calendar years. The CNL terminates duty-free treatment for certain articles from a beneficiary developing country if certain import limits are exceeded. This bill aims to ensure the CNL review process accurately accounts for current domestic production and is based on up-to-date trade data.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Referred to the House Committee on Ways and Means. (on 10/12/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/house-bill/4068/all-info |
| BillText | https://www.congress.gov/115/bills/hr4068/BILLS-115hr4068ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr4068/BILLS-115hr4068ih.pdf.pdf |
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