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S 3722 117th Congress Senate Foreign Trade and International Finance Alliances Conflicts and wars Europe Free trade and trade barriers International organizations and cooperation Military operations and strategy Russia Tariffs Ukraine

A bill to withdraw normal trade relations treatment from, and apply certain provisions of title IV of the Trade Act of 1974 to, products of the Russian Federation, and for other purposes.

Introduced: March 1, 2022 Introduced by: Wyden, Ron Democratic · Oregon 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
Mar 1, 2022
Read twice and referred to the Committee on Finance.
Mar 1, 2022
Introduced in Senate
 Plain-English summary Congressional Research Service

No Most Favored Nation Trading with Russia Act

This bill withdraws normal trade relations treatment from Russia.

Additionally, the bill requires the President to encourage U.S. allies and partners to (1) consider taking similar actions; and (2) condemn, at the World Trade Organization (WTO), Russia's aggression in Ukraine.

Further, the President must direct the U.S. Permanent Representative to the WTO to seek suspension of Russia's membership in the WTO.

The President may proclaim modifications to the applicable duty rates on products from Russia (under column 2 of the Harmonized Tariff Schedule) if the President determines that the modifications are necessary to protect the essential security of the United States.

What's happening now March 1, 2022

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1