USMCA FTZ Modernization Act of 2021
- Last Action
- 6/24/2021
Actions
- 2021-06-24Read twice and referred to the Committee on Finance.
- 2021-06-24Introduced in Senate
CRS Summary
As of 2021-06-24 (00)
United States-Mexico-Canada Agreement Foreign-Trade Zone Modernization Act of 2021 or the USMCA FTZ Modernization Act of 2021
This bill requires the International Trade Commission to investigate tariff policies related to foreign-trade zones (FTZs), which are designated sites at which special customs procedures may be used to allow for domestic activity involving foreign items prior to formal customs entry.
The investigation must examine (1) differences in tariff treatment by the United States, Canada, and Mexico; (2) any effects of such differences on the cost-competitiveness of U.S.-manufactured products compared to products manufactured in Canada or Mexico; and (3) how FTZs in the United States could be better employed to redress and mitigate any inequities.
Cosponsors (5)
- Thomas Carper (D-DE)
- Patrick Toomey (R-PA)
- Dianne Feinstein (D-CA)
- Christopher Coons (D-DE)
- James Lankford (R-OK)
Subjects
- Canada
- Competitiveness, trade promotion, trade deficits
- Congressional oversight
- Customs enforcement
- Government studies and investigations
- Latin America
- Manufacturing
- Mexico
- Tariffs
- Trade agreements and negotiations
Sourced from Congress.gov (public domain).
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