HR 4037
Trade Preferences and American Manufacturing Competitiveness Act of 2021
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- Passed Senate
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Bill overview
The Trade Preferences and American Manufacturing Competitiveness Act of 2021 reauthorizes and modifies key U.S. trade programs, primarily focusing on the Generalized System of Preferences (GSP). It extends the GSP through 2027, incorporating stricter criteria for beneficiary countries, including human rights and environmental considerations. The bill also temporarily suspends or reduces certain import duties on a range of products, commonly known as the Miscellaneous Tariff Bill (MTB), and extends the MTB authorization for future cycles. Finally, it extends customs user fees.
Sponsors
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Primary sponsor
Kevin Brady
Cosponsors
A. Drew, IV Ferguson
Brad R. Wenstrup
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