3.0.0 7935 2023-03-08T20:26:40Z 2023-03-08T20:26:40Z House HR 2022-06-03 117 [Congressional Record Volume 168, Number 95 (Friday, June 3, 2022)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ESPAILLAT:H.R. 7935.Congress has the power to enact this legislation pursuantto the following:Section 5 of Amendment XIV of the U.S. Constitution.[Page H5233]]]> hswm00 Ways and Means Committee House Standing Referred to 2022-06-03T13:02:00Z hsfa00 Foreign Affairs Committee House Standing Referred to 2022-06-03T13:01:50Z 2022-06-03 Referred to the Committee on Foreign Affairs, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2022-06-03 Referred to the Committee on Foreign Affairs, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsfa00 Foreign Affairs Committee 2022-06-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2022-06-03 Introduced in House IntroReferral 1000 9 Library of Congress E000297 Rep. Espaillat, Adriano [D-NY-13] Adriano Espaillat D NY 13 N C001127 Rep. Cherfilus-McCormick, Sheila [D-FL-20] Sheila Cherfilus-McCormick D FL 20 2022-06-03 True T000468 Rep. Titus, Dina [D-NV-1] Dina Titus D NV 1 2022-06-13 False S001165 Rep. Sires, Albio [D-NJ-8] Albio Sires D NJ 8 2022-06-13 False B001300 Rep. Barragan, Nanette Diaz [D-CA-44] Nanette Barragan D CA Diaz 44 2022-06-14 False S000168 Rep. Salazar, Maria Elvira [R-FL-27] Maria Salazar R FL Elvira 27 2022-07-05 False International Affairs Alternative and renewable resources Appropriations Asia Building construction Caribbean area China Congressional oversight Corporate finance and management Electric power generation and transmission Employee hiring Energy efficiency and conservation Energy storage, supplies, demand Europe Foreign aid and international relief Foreign and international corporations Free trade and trade barriers Government lending and loan guarantees Government trust funds Industrial facilities Interest, dividends, interest rates Latin America Manufacturing Multilateral development programs Political parties and affiliation Russia Tariffs Trade agreements and negotiations U.S. International Development Finance Corporation Western Hemisphere International Affairs 00 2022-06-03 Introduced in House 2022-12-02T14:15:01Z Opportunities in the Americas Act

This bill provides assistance to eligible companies relocating manufacturing from China to a qualifying Latin American or Caribbean country, generally a country in the region that has a free trade agreement with the United States and is not a foreign adversary.

For example, the U.S. International Development Finance Corporation must use at least 10 percent of its funding for each fiscal year to provide assistance, such as financing eligible costs for moving and workforce development, to businesses relocating manufacturing from China to a qualifying Latin American or Caribbean country, subject to various conditions and requirements.

The bill also provides tax benefits related to certain property acquired and placed in service in connection with such a relocation of manufacturing.

]]> Opportunities in the Americas Act Display Title Opportunities in the Americas Act Short Title(s) as Introduced Opportunities in the Americas Act Introduced in House IH Official Title as Introduced To reinforce commercial relationships with Latin American and Caribbean allies and expand critical supply chains in the Americas. Introduced in House IH Introduced in House 2022-06-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr7935ih/xml/BILLS-117hr7935ih.xml 2022-06-03 Referred to the Committee on Foreign Affairs, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. 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.