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Trade Act Changes: New Criteria for US Beneficiary Countries

This bill modifies the rules by which the United States designates countries for preferential trade treatment. It means that countries allowing military base construction by certain nations or deepening relations with them may lose access to tariff benefits, potentially affecting import prices and product availability for citizens.
Key points
Countries allowing military base construction by specified nations may lose trade preferences.
Countries deepening economic, diplomatic, and military relations with specified nations may be excluded from the program.
Activities undermining US national security or foreign policy interests will be grounds for revoking trade preferences.
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Additional Information
Print number: 118_HR_8010
Sponsor: Rep. Steube, W. Gregory [R-FL-17]
Process start date: 2024-04-15
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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

Preserving America’s Interests and Security in Trade Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_8010.

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 2024-04-15.

What are the main provisions?

Key points include:

  • Countries allowing military base construction by specified nations may lose trade preferences.
  • Countries deepening economic, diplomatic, and military relations with specified nations may be excluded from the program.
  • Activities undermining US national security or foreign policy interests will be grounds for revoking trade preferences.
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. Steube, W. Gregory [R-FL-17].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Trade.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Security