Answer Africa's Call Act

Summary

Answer Africa's Call Act - Amends the Internal Revenue Code to impose an additional income tax (surcharge) on adjusted gross incomes exceeding certain threshold levels (in order to fund the U.S. International Finance Facility). Establishes the United States International Finance Facility Trust Fund in the Treasury consisting of such amounts appropriated or credited to the Trust Fund, including amounts collected from the surcharge). Makes such Fund amounts available without further appropriation for expenditures in connection with U.S. commitments to the International Finance Facility. Amends the Trade Act of 1974 to modify the preferential trade treatment for agricultural products of beneficiary sub-Saharan African countries. Removes the limitation on eligibility for duty-free treatment of an agriculture product subject to a tariff-rate quota exceeding the in-quota amount, if the over-quota import is the growth, product, or manufacture of a beneficiary sub-Saharan African country. Requires the President to: (1) assess a duty on such an over-quota product if its unit import price is less than the annual trigger price; (2) establish an annual trigger price for each such product; and (3) notify the beneficiary sub-Saharan African country concerned of such additional duty. Amends the African Growth and Opportunity Act (AGOA) to revise criteria for preferential treatment of apparel articles wholly assembled from fabric or yarn not available in commercial quantities in the United States to make certain yarn or fabrics eligible for use in the production of specified cut or knit-to-shape apparel articles. Modifies AGOA special rules for lesser developed countries with respect to preferential treatment for apparel articles wholly assembled, or knit to shape and wholly assembled, or both, in one or more lesser developed beneficiary sub-Saharan African countries regardless of the country of origin of the fabric or yarn used. Extends through FY 2015 the applicable percentage component of the preferential treatment formula established for FY 2005. Includes Mauritius in such extension, with no change in its current limitation of 5% of such applicable percentage.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 30 June 2005

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, 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.

   Source: IntroReferral

2. 30 June 2005

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, 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.

   Source: IntroReferral

3. 30 June 2005

   Introduced

   Introduced in House

   Source: IntroReferral

4. 30 June 2005

   Introduced

   Introduced in House

   Source: IntroReferral

5. 1 July 2005

   Referred

   Referred to the Subcommittee on Trade.

   Source: Committee

6. 29 July 2005

   Referred

   Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 30 June 2005 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 30 June 2005

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 30 June 2005

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 30 June 2005

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  Vertaal document

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Sponsors

• Rep. McDermott, Jim [D-WA-7] · D · Sponsor
• Rep. Rangel, Charles B. [D-NY-15] · D · Sponsor
• Rep. Payne, Donald M. [D-NJ-10] · D · Sponsor
• Rep. McCollum, Betty [D-MN-4] · D · Sponsor
• Rep. Lewis, John [D-GA-5] · D · Sponsor
• Rep. Conyers, John, Jr. [D-MI-13] · D · Sponsor
• Rep. McNulty, Michael R. [D-NY-23] · D · Sponsor
• Del. Christensen, Donna M. [D-VI-At Large] · D · Sponsor
• Rep. Meeks, Gregory W. [D-NY-5] · D · Sponsor
• Rep. Millender-McDonald, Juanita [D-CA-37] · D · Sponsor
• · hsba00 · Standing
• · hswm00 · Standing

Related records

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