HR 4979 · 115th Congress · Foreign Trade and International Finance
To extend the Generalized System of Preferences and to make technical changes to the competitive need limitations provision of the program.
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Finance.(2018-02-14)
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Plain Language Summary
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This bill extends the Generalized System of Preferences (a U.S. trade preference program that provides duty-free access to imports on products from certain developing countries) through 2020. The Trade Act of 1974 is amended to modify the deadline for the review process for the competitive needs limitation. (The competitive need limitation terminates duty-free treatment with respect to articles from a beneficiary developing country if certain import limits are exceeded.) The Consolidated Omnibus Budget Reconciliation Act of 1985 is amended to extend through June 21, 2026, the authority for customs user fees for the processing of merchandise formally entered or released into the United States.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 4979, a bill to extend the Generalized System of Preferences and to make technical changes to the competitive need limitations provision of the program
Feb 12, 2018As posted on docs.house.gov/floor for the week of February 12, 2018, (g:\VHLC\020918\020918.152.xml).
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (11)
2 Democrats9 Republicans