Extending Anti-Boycott Rules to International Governmental Organizations (IGO)
This Act expands existing anti-boycott regulations, previously applicable only to foreign countries, to include international governmental organizations (IGOs). This means US companies and citizens must adhere to the same rules prohibiting participation in economic boycotts imposed by these organizations. Furthermore, the President must annually publish a list of organizations and countries that impose boycotts, increasing transparency in trade and foreign policy.
Key points
The prohibition on participating in economic boycotts, previously limited to foreign countries, is extended to international governmental organizations (IGOs).
US companies and citizens must avoid supporting or participating in boycotts imposed by IGOs, potentially affecting their international trade operations.
The President is mandated to submit an annual report, publicly listing foreign countries and international organizations that foster or impose boycotts.
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