A bill to make necessary changes to the competitive need limitations provision of the Generalized System of Preferences, and for other purposes.
Competitive Need Limitations Modernization Act of 2017
This bill amends the Trade Act of 1974 to revise the competitive need limitation review process by: (1) modifying the deadline for the review process, and (2) establishing the relevant domestic production time frame for such review as within the preceding three years (currently on January 1, 1995). (The competitive need limitation terminates duty-free treatment with respect to articles from a beneficiary developing country if certain import limits are exceeded.)
Referred to the House Committee on Ways and Means.
Received in the Senate and Read twice and referred to the Committee on Finance.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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