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ARTICLE · 12 JULY 2023

House Democrats Introduce Legislation To Reauthorize And Update Key Trade Programs

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On Thursday, June 22, House Democrats proposed a bill named the "American Worker and Trade Competitiveness Act", which aims to reauthorize and update key trade programs aimed at enhancing U.S. trade competitiveness...

United StatesInternational Law

On Thursday, June 22, House Democrats proposed a bill named the "American Worker and Trade Competitiveness Act", which aims to reauthorize and update key trade programs aimed at enhancing U.S. trade competitiveness and supporting workers. Introduced by Earl Blumenauer (D-OR), ranking member of the Ways & Means trade subcommittee, the bill focuses on the Generalized System of Preferences (GSP), the Miscellaneous Tariff Bill (MTB) and Trade Adjustment Assistance (TAA).

The GSP, which offers preferential trade benefits to developing economies, expired in 2020, subjecting many developing countries to higher duty rates. Blumenauer's bill proposes to retroactively reauthorize the GSP through 2026, allowing refunds on duty paid during the lapse period. The GSP provisions in the bill align with requirements sought by House Democrats in the U.S.-Mexico-Canada Agreement (USMCA), incorporating environmental, labor, human rights, rule of law, and anti-corruption standards

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