HR 3199 · 99th Congress · Foreign Trade and International Finance
United States-Mexico Border Revitalization Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to Subcommittee on International Operations.(1985-09-16)
Plain Language Summary
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United States-Mexico Border Revitalization Act - Title I: United States-Mexico Free Trade and Co-Production Zone - United States-Mexico Free Trade and Co-Production Zone Act - Directs the President, during the five years after enactment of this title, to negotiate an agreement with Mexico for the establishment of a Free-Trade and Co-Production Zone, extending 200 miles into each country, in order to support and accelerate the economic development of that zone. Provides that the agreement may allow appropriate adjustments to the zone's inner boundaries. Requires that the agreement provide eligible ventures (legal entities operating within the Mexican or U.S. Zone Sector, the controlling interest of which is owned by citizens of the zone country, but of which citizens of the cooperating zone country own at least 35 percent) with specified tariff advantages and tax incentives. States that such an agreement shall not enter into force until the President submits the implementing bill and other related information to the Congress and the bill is enacted into law. Amends the Trade Act of 1974 to expedite the bill's passage through the Congress. Directs the President, after a zone agreemen…
Summarized by Claude AI · Non-partisan · For informational purposes only