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USMCA Foreign-Trade Zone Modernization: Investigating Tariff Policies

This act mandates an investigation into tariff policies within foreign-trade zones to assess if US businesses are disadvantaged compared to those in Mexico and Canada. The goal is to identify ways to support US manufacturing and job creation, potentially impacting product availability and consumer prices.
Key points
Requires an investigation to evaluate if current tariff rules negatively affect US manufacturers operating in foreign-trade zones.
The analysis aims to find solutions that level the playing field for US companies against their Mexican and Canadian counterparts.
A report on the investigation is due to Congress within 18 months, potentially leading to changes in tariff regulations.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_S_2208
Sponsor: Sen. Cornyn, John [R-TX]
Process start date: 2021-06-24
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

USMCA FTZ Modernization Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2208.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-06-24.

What are the main provisions?

Key points include:

  • Requires an investigation to evaluate if current tariff rules negatively affect US manufacturers operating in foreign-trade zones.
  • The analysis aims to find solutions that level the playing field for US companies against their Mexican and Canadian counterparts.
  • A report on the investigation is due to Congress within 18 months, potentially leading to changes in tariff regulations.
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 Sen. Cornyn, John [R-TX].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Taxes