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HR 7408 116th Congress House Foreign Trade and International Finance Competitiveness, trade promotion, trade deficits Department of Commerce Department of State Executive agency funding and structure Government employee pay, benefits, personnel management Government lending and loan guarantees Small business

Foreign Trade Modernization Act of 2020

Introduced: June 29, 2020 Introduced by: McCaul, Michael T. Republican · Texas See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 29, 2020
Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, and Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jun 29, 2020
Introduced in House
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 Plain-English summary Congressional Research Service

Foreign Trade Modernization Act of 2020

This bill abolishes the United States and Foreign Commercial Service and transfers from the Department of Commerce to the Department of State all functions that were authorized to be performed by the service under any statute, reorganization plan, executive order, or other provision of law. Specifically, the bill transfers to the State Department all contracts, property, records, and unexpended balances of funds, as well as all personnel.

Further, the Bureau of Economic and Business Affairs and the relevant diplomatic missions shall, through specified activities, emphasize (1) the promotion of exports of goods and services from the United States, particularly by small and medium-sized businesses; and (2) the protection of U.S. business interests abroad.

What's happening now June 29, 2020

Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, and Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Related & companion bills 1
  • HR 7549 Related bill Foreign Trade Modernization Act of 2020
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 1
All 1 Democratic 1
D
Cuellar, Henry
Texas · Jun 29, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7408: Foreign Trade Modernization Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-7408/
MLA
"H.R. 7408: Foreign Trade Modernization Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-7408/.
Bluebook (legal)
H.R. 7408, 116th Cong. (2026), https://openamerica.io/bill/116-HR-7408/.
Markdown link
[H.R. 7408: Foreign Trade Modernization Act of 2020](https://openamerica.io/bill/116-HR-7408/)
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