US SB4008 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on June 18 2020 - 25% progression, died in committee
Action: 2020-06-18 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Limits the content from nonmarket economy countries that may be included in free trade agreement qualifying goods. A nonmarket economy country is a foreign country that does not operate on market principles of cost or pricing structures, so that sales of merchandise in such country do not reflect the fair price of the merchandise. The bill requires that, during the five-year period following entry into force of a free trade agreement, no more than 20% of a qualifying good may originate in a nonmarket economy country, and no more than 10% thereafter.

Tracking Information

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Title

Market Economy Sourcing Act

Sponsors


History

DateChamberAction
2020-06-18SenateRead twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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