UNITED Act: Granting Authority for Comprehensive Trade Deal with the UK
This Act grants the U.S. President authority to initiate and conclude a comprehensive trade agreement with the United Kingdom, aiming to reduce tariff and non-tariff barriers. Citizens can expect this agreement to boost export opportunities for American businesses, farmers, and ranchers, potentially leading to greater availability of goods and competitive pricing. The negotiations must adhere to high labor and environmental standards and honor the Good Friday Agreement, ensuring stability in Northern Ireland.
Key points
The President must seek to initiate trade negotiations with the UK within 180 days of enactment, with the authority to enter into an agreement expiring on March 1, 2025.
The agreement aims to strengthen the U.S. economy, improve living standards, and increase the resilience of critical supply chains by eliminating trade barriers.
Any modifications to duties resulting from the agreement are limited: duties cannot be reduced below 50% of the current rate or increased above the current rate.
Congress must be consulted throughout the negotiations, and the final agreement requires Congressional approval, ensuring oversight of trade policy.
Expired
Additional Information
Print number: 118_S_629
Sponsor: Sen. Coons, Christopher A. [D-DE]
Process start date: 2023-03-02