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United States · Bill · S

S. 446 (118th)

Trading System Preservation Act

referredUnited States· United States Congress· EN

Introduced

15 February 2023

Last action

15 February 2023 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Coons, Christopher A. [D-DE], Sen. Young, Todd [R-IN]

Subjects

Discovery layer

Source updated

24 July 2024

Official sourceDownload fileView documentsShare

Summary

Trading System Preservation Act This bill authorizes the President to enter into covered plurilateral trade agreements. Covered plurilateral trade agreement refers to a sector-specific agreement within the framework of the World Trade Organization (WTO) involving foreign countries or foreign territories that form a subset of the members of the WTO that does not extend benefits on a most-favored-nation basis. Specifically, the bill requires the U.S. Trade Representative to provide a classified briefing to specified congressional committees on the feasibility and advisability of pursuing and adopting covered plurilateral trade agreements. After the congressional briefing, the bill directs the President to initiate negotiations for a covered plurilateral trade agreement when the President determines it is in the national interest to do so. The bill authorizes the President to enter into these agreements in specified sectors of the economy (e.g., digital services and pharmaceuticals), with such authority expiring on July 1, 2028. Further, the President may proclaim a modification or continuance of any existing duty or continuance of existing excise or duty-free treatment to carry out an agreement.

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

Timeline

  1. 15 February 2023

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 15 February 2023

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 15 February 2023

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 15 February 2023

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 15 February 2023

    Open at official source

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Sponsors

Related records

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Sources

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