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Support for Companies Relocating Production from China to Latin America

This act aims to reduce U.S. dependency on Chinese manufacturing and decrease migration from Latin America by supporting companies that move their production there. Citizens may experience indirect benefits from greater economic stability in the region and potentially new jobs in the U.S.
Key points
Companies relocating manufacturing from China to Latin America or the Caribbean may receive financial support and lower loan interest rates.
Goods and services produced by these companies in Latin America may be duty-free for 15 years, potentially lowering prices of imported products.
Support is only available to companies that create jobs in Latin America and are not controlled by the governments of China, Russia, or other adversaries of the U.S.
The act aims to strengthen supply chains and reduce reliance on China, which could impact market stability and product availability.
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Additional Information
Print number: 117_HR_7579
Sponsor: Rep. Green, Mark E. [R-TN-7]
Process start date: 2022-04-26
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Western Hemisphere Nearshoring Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7579.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-04-26.

What are the main provisions?

Key points include:

  • Companies relocating manufacturing from China to Latin America or the Caribbean may receive financial support and lower loan interest rates.
  • Goods and services produced by these companies in Latin America may be duty-free for 15 years, potentially lowering prices of imported products.
  • Support is only available to companies that create jobs in Latin America and are not controlled by the governments of China, Russia, or other adversaries of the U.S.
  • The act aims to strengthen supply chains and reduce reliance on China, which could impact market stability and product availability.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Green, Mark E. [R-TN-7].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Migration Public Investments