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S 2208 117th Congress Senate Foreign Trade and International Finance Canada Competitiveness, trade promotion, trade deficits Congressional oversight Customs enforcement Government studies and investigations Latin America Manufacturing Mexico Tariffs Trade agreements and negotiations

USMCA FTZ Modernization Act of 2021

Introduced: June 24, 2021 Introduced by: Cornyn, John Republican · Texas See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 24, 2021
Read twice and referred to the Committee on Finance.
Jun 24, 2021
Introduced in Senate
 Plain-English summary Congressional Research Service

United States-Mexico-Canada Agreement Foreign-Trade Zone Modernization Act of 2021 or the USMCA FTZ Modernization Act of 2021

This bill requires the International Trade Commission to investigate tariff policies related to foreign-trade zones (FTZs), which are designated sites at which special customs procedures may be used to allow for domestic activity involving foreign items prior to formal customs entry.

The investigation must examine (1) differences in tariff treatment by the United States, Canada, and Mexico; (2) any effects of such differences on the cost-competitiveness of U.S.-manufactured products compared to products manufactured in Canada or Mexico; and (3) how FTZs in the United States could be better employed to redress and mitigate any inequities.

What's happening now June 24, 2021

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1