3.0.0 5264 2025-05-27T14:16:21Z 2025-05-27T14:16:21Z Senate S S 2024-09-25 118 ssfi00 Finance Committee Senate Standing Referred To 2024-09-25T23:44:56Z 118 10127 HR 2024-12-17 Referred to the Subcommittee on Trade. Related bill CRS 2024-09-25 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2024-09-25 Introduced in Senate IntroReferral 10000 9 Library of Congress C001095 Sen. Cotton, Tom [R-AR] Tom Cotton R AR N R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL 2024-09-25 True H001089 Sen. Hawley, Josh [R-MO] Josh Hawley R MO 2024-09-25 True Foreign Trade and International Finance Administrative law and regulatory procedures 2025-03-19T18:35:17Z Agricultural trade 2025-03-19T18:35:17Z Asia 2025-03-19T18:35:16Z Budget deficits and national debt 2025-03-19T18:35:17Z China 2025-03-19T18:35:16Z Congressional oversight 2025-03-19T18:35:17Z Customs enforcement 2025-03-19T18:35:16Z Department of Defense 2025-03-19T18:35:17Z Executive agency funding and structure 2025-03-19T18:35:17Z Government information and archives 2025-03-19T18:35:16Z Government trust funds 2025-03-19T18:35:17Z Inflation and prices 2025-03-19T18:35:16Z Normal trade relations, most-favored-nation treatment 2025-03-19T18:35:16Z Presidents and presidential powers, Vice Presidents 2025-03-19T18:35:16Z Tariffs 2025-03-19T18:35:16Z Trade restrictions 2025-03-19T18:35:16Z U.S. International Trade Commission 2025-03-19T18:35:16Z Foreign Trade and International Finance 2024-10-23T13:11:35Z

00 2024-09-25 Introduced in Senate 2025-04-18T17:33:54Z <p><strong>Neither Permanent Nor Normal Trade Relations Act</strong></p><p>This bill establishes various trade measures related to China, including by revoking&nbsp;China's permanent normal trade relations (PNTR) status and increasing the rates of duty (i.e., tariffs) on Chinese imported goods.&nbsp;The bill prohibits imported goods originating from North Korea, China, Russia, or Iran from receiving&nbsp;de&nbsp;minimis treatment.&nbsp;(Current law allows for U.S. imports under a de minimis<em> </em>threshold of $800 per shipment to enter free of tariffs, fees, and taxes.)</p><p>Specifically, the bill revokes China's PNTR status. Currently, China's PNTR status allows for Chinese goods to have duty rates set&nbsp;forth in column 1 of the Harmonized Tariff Schedule of the United States (HTS). With the removal of China's PNTR status, the bill generally sets the applicable duty rates on imported Chinese&nbsp;goods at the higher rates listed in column 2 of the HTS, with exceptions.</p><p>The bill establishes a minimum duty rate of 35% for all Chinese goods, which requires column 2 rates to be at least 35%. However, the bill establishes a minimum duty rate of 100% for a list of specified goods (e.g., various minerals, certain vaccines and drugs, and certain defense-related articles). Duty rates are phased in over five years and adjusted annually for inflation.</p><p>The bill also</p><ul><li>authorizes the President to take additional actions related to trade with China,&nbsp;</li><li>requires merchandise imported from China to be appraised based on U.S. value, and&nbsp;</li><li>establishes a trust fund to compensate U.S. producers for lost revenue resulting from retaliatory actions by China.</li></ul>

Display Title 45 2024-10-21T23:53:22Z Short Title(s) as Introduced 101 2024-10-21T23:53:21Z Introduced in Senate IS Official Title as Introduced 6 2024-10-21T23:48:21Z Introduced in Senate IS Introduced in Senate 2024-09-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s5264is/xml/BILLS-118s5264is.xml 2024-09-25 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.