H.R. 722 · 118th Congress
Western Hemisphere Nearshoring Act
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
GreenSponsor2 cosponsors · 2 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill provides assistance for corporations to move operations from China to countries in Latin America or the Caribbean and addresses related issues.
What it does: CRS summary · Introduced in House · Feb 1, 2023
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Western Hemisphere Nearshoring Act
Latest action (Dec 17, 2024): Referred to the Subcommittee on Trade.
Policy area: International Affairs · Origin: House · Introduced: Feb 1, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.