summary
Introduced
10/31/2017
10/31/2017
In Committee
10/31/2017
10/31/2017
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 changes the deadline for the CNL review process from July 1 to October 15, and updates the relevant domestic production time frame for such review from January 1, 1995 to the preceding three calendar years. The CNL terminates duty-free treatment for articles from a beneficiary developing country if certain import limits are exceeded, and this bill aims to modernize the review process to better account for current domestic production and trade data.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Read twice and referred to the Committee on Finance. (on 10/31/2017)
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/senate-bill/2036/all-info |
| BillText | https://www.congress.gov/115/bills/s2036/BILLS-115s2036is.pdf |
| Bill | https://www.congress.gov/115/bills/s2036/BILLS-115s2036is.pdf.pdf |
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