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Western Hemisphere Nearshoring Act

Introduced: April 26, 2022 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Apr 26, 2022

Referred to the Committee on Ways and Means, and in addition to the Committee on Foreign Affairs, 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.

Apr 26, 2022

Introduced in House

Plain-English summary Congressional Research Service

Western Hemisphere Nearshoring Act

This bill provides assistance for corporations to move operations from China to countries in Latin America or the Caribbean and addresses related issues.

For example, the bill requires the U.S. International Development Finance Corporation to provide financing and other assistance to eligible corporations for costs associated with such a move. Tariffs collected for goods manufactured in China shall be used to pay for such assistance.

The President may provide preferential treatment, including duty-free treatment, for goods produced in a Latin American or Caribbean country by a corporation that received relocation assistance under this bill.

What's happening now April 26, 2022

Committees of jurisdiction 2