To provide that goods that are manufactured in a foreign trade zone and comply with the rules of origin under a trade agreement to which the United States is a party may enter the customs territory of the United States at the rate of duty applicable under that agreement.
Latest action · Jul 9, 2008 Referred to the Subcommittee on Trade.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJun 26, 2008
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Foreign Trade Zones Act to provide that goods that are manufactured in a foreign trade zone and comply with the rules of origin under a trade agreement to which the United States is a party may enter the U.S. customs territory at the rate of duty applicable under such agreement.
Amends the North American Free Trade Agreement (NAFTA) Implementation Act to repeal certain rules of origin requirements with respect to goods made of nonoriginating material that are produced in a foreign-trade zone or subzone that enter a U.S. customs territory.
Adds a rule with respect to goods produced entirely in the territory of one or more NAFTA countries, but where any nonoriginating materials, provided for as parts and used in a good's production, do not undergo a change in tariff classification. Requires, in such an instance, that a good be treated as originating in a NAFTA country if: (1) the regional value-content of the good is at least 60% where the transaction value method is used, or at least 50% where the net cost method is used; and (2) the good satisfies all other applicable requirements.
Cosponsors 3
Members who signed on, in the order they did. Signatures ran from Jul 15, 2008 to Sep 24, 2008.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-AL | Artur Davis | Jul 15, 2008 | |
| R-SC | Bob Inglis | Sep 24, 2008 | |
| D-NY | Joseph Crowley | Sep 24, 2008 |
Actions 3
Everything that happened, newest first.
- Jul 9, 2008Referred to the Subcommittee on Trade.
- Jun 26, 2008Introduced in House
- Jun 26, 2008Referred to the House Committee on Ways and Means.
Subjects
Assigned by the Library of Congress. Policy area: Foreign Trade and International Finance.
Text 1
Each version as it was printed, newest first.
- Jun 26, 2008Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.