3.0.0 4008 2023-01-11T13:46:12Z 2023-01-11T13:46:12Z Senate S 2020-06-18 116 ssfi00 Finance Committee Senate Standing Referred to 2020-06-18T19:29:10Z 2020-06-18 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2020-06-18 Introduced in Senate IntroReferral 10000 9 Library of Congress C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA N Foreign Trade and International Finance Congressional oversight Legislative rules and procedure Manufacturing Trade agreements and negotiations Foreign Trade and International Finance 00 2020-06-18 Introduced in Senate 2020-08-13T17:19:35Z Market Economy Sourcing Act

This bill limits the content from nonmarket economy countries that may be included in free trade agreement qualifying goods.

A nonmarket economy country is a foreign country that does not operate on market principles of cost or pricing structures, so that sales of merchandise in such country do not reflect the fair price of the merchandise.

The bill requires that, during the five-year period following entry into force of a free trade agreement, no more than 20% of a qualifying good may originate in a nonmarket economy country, and no more than 10% thereafter.

]]> Market Economy Sourcing Act Display Title Market Economy Sourcing Act Short Title(s) as Introduced Market Economy Sourcing Act Introduced in Senate IS Official Title as Introduced A bill to amend the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 to require that any trade agreement subject to expedited procedures under that Act contain certain requirements relating to the origination of goods in nonmarket economy countries. Introduced in Senate IS Introduced in Senate 2020-06-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s4008is/xml/BILLS-116s4008is.xml 2020-06-18 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.