HR 722
118th Congress
House
International Affairs
Western Hemisphere Nearshoring Act
Introduced: February 1, 2023
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 17, 2024
Referred to the Subcommittee on Trade.
Feb 1, 2023
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.
Feb 1, 2023
Introduced in House
Plain-English summary
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
Referred to the Subcommittee on Trade.
Committees of jurisdiction
3