Bill Summary
The Haiti Economic Lift Program Extension Act of 2021 is a bill that aims to extend the duty-free treatment currently provided under the Caribbean Basin Economic Recovery Act to imports from Haiti. This bill is being proposed by the Senate and House of Representatives in the United States, and if enacted, will extend certain special rules for Haiti under the Caribbean Basin Economic Recovery Act. These rules include increasing the threshold for determining whether a product is considered to be made in Haiti, and extending the time period for which this duty-free treatment will apply. This bill is also known as the "Haiti Economic Lift Program Extension Act of 2021" and aims to support economic recovery in Haiti by extending this trade agreement until the year 2035.
Possible Impacts
1. The Haiti Economic Lift Program Extension Act could help stimulate trade and economic growth in Haiti, potentially providing job opportunities and increased access to goods for Haitian citizens.
2. The extension of duty-free treatment for imports from Haiti could make certain products more affordable for people in the United States, potentially benefiting low-income individuals and families.
3. The legislation could also potentially have negative effects, such as leading to an increase in imported goods from Haiti and potentially harming domestic industries and businesses in the United States, which could in turn affect American workers and consumers.
[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 3279 Introduced in Senate (IS)]
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117th CONGRESS
1st Session
S. 3279
To extend duty-free treatment provided with respect to imports from
Haiti under the Caribbean Basin Economic Recovery Act.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
November 30, 2021
Mr. Rubio (for himself and Mr. Cassidy) introduced the following bill;
which was read twice and referred to the Committee on Finance
_______________________________________________________________________
A BILL
To extend duty-free treatment provided with respect to imports from
Haiti under the Caribbean Basin Economic Recovery Act.
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 ``Haiti Economic Lift Program
Extension Act of 2021''.
SEC. 2. EXTENSION OF SPECIAL RULES FOR HAITI UNDER CARIBBEAN BASIN
ECONOMIC RECOVERY ACT.
Section 213A of the Caribbean Basin Economic Recovery Act (19
U.S.C. 2703a) is amended--
(1) in subsection (b)(1)--
(A) in subparagraph (B)(v)(I)--
(i) by striking ``means'' and all that
follows through ``60 percent'' and inserting
``means 60 percent''; and
(ii) by striking ``7 succeeding 1-year
periods'' and inserting ``17 succeeding 1-year
periods''; and
(B) in subparagraph (C)--
(i) in the table, by striking ``16
succeeding 1-year periods'' and inserting ``28
succeeding 1-year periods''; and
(ii) in the matter following the table, by
striking ``2025'' and inserting ``2035''; and
(2) in subsection (h), by striking ``2025'' and inserting
``2035''.
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