Bill Summary
The "Cambodia Trade Act of 2019" is a bill that requires the President to submit a report to Congress within 90 days of its enactment, regarding the participation of Cambodia in the Generalized System of Preferences (GSP). The GSP is a program that allows for duty-free treatment of certain products from designated countries, in order to promote economic development. The report will include a determination of whether Cambodia meets the criteria to be designated as a beneficiary developing country or a least-developed beneficiary developing country, as well as a decision on whether the application of duty-free treatment under the GSP should be withdrawn, suspended, or limited for Cambodia. The report will be submitted in an unclassified form, but may also include a classified annex. The "appropriate committees of Congress" for the purposes of this legislation are defined as the Senate Committee on Finance and the House Committee on Ways and Means.
Possible Impacts
1. This legislation could affect people in Cambodia, as it requires a report on their country's participation in the Generalized System of Preferences. Depending on the results of the report, the application of duty-free treatment to Cambodia could be withdrawn, suspended, or limited, potentially impacting their economy and trade relationships.
2. This legislation could also affect people in the United States, as it requires a report to be submitted to the appropriate committees of Congress. This report could potentially lead to changes in trade policies and regulations, affecting businesses and consumers in the US.
3. The legislation could also affect people in other developing countries, as it sets criteria for designating a country as a beneficiary developing country or a least-developed beneficiary developing country. Depending on the outcome of the report, these countries could potentially lose or gain access to duty-free treatment under the Generalized System of Preferences.
[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 34 Introduced in Senate (IS)]
<DOC>
116th CONGRESS
1st Session
S. 34
To require a report on the continuing participation of Cambodia in the
Generalized System of Preferences.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
January 8, 2019
Mr. Cruz (for himself and Mr. Coons) introduced the following bill;
which was read twice and referred to the Committee on Finance
_______________________________________________________________________
A BILL
To require a report on the continuing participation of Cambodia in the
Generalized System of Preferences.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Cambodia Trade Act of 2019''.
SEC. 2. REPORT ON THE CONTINUING PARTICIPATION OF CAMBODIA IN THE
GENERALIZED SYSTEM OF PREFERENCES.
(a) Report.--Not later than 90 days after the date of the enactment
of this Act, the President shall submit to the appropriate committees
of Congress a report setting forth the following:
(1) A determination as to whether, if its status as such
were reviewed, the Government of Cambodia would meet the
criteria in sections 501 and 502(c) of the Trade Act of 1974
(19 U.S.C. 2461, 2462(c)) for designation as--
(A) a beneficiary developing country; or
(B) a least-developed beneficiary developing
country.
(2) A decision as to whether the application of duty-free
treatment under the Generalized System of Preferences to the
Government of Cambodia should be withdrawn, suspended, or
limited pursuant to section 502(d) of the Trade Act of 1974 (19
U.S.C. 2462(d)).
(b) Form.--The report required by subsection (a) shall be submitted
in unclassified form, but may include a classified annex.
(c) Appropriate Committees of Congress Defined.--In this section,
the term ``appropriate committees of Congress'' means--
(1) the Committee on Finance of the Senate; and
(2) the Committee on Ways and Means of the House of
Representatives.
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