Search Results: keywords:"beneficiary developing countries"

  • H. R. 7986 — To modify and reauthorize the Generalized System of Preferences, and for other purposes.
    💰
    Status:Reported in House
    Words:5,032

    The bill, H.R. 7986, aims to extend and update the Generalized System of Preferences (GSP), a program that allows certain goods from developing countries to enter the United States duty-free. It modifies the eligibility criteria for countries to participate in the GSP,...

    Simple Explanation

    The bill, H.R. 7986, is like a special ticket that lets some goods from other countries come into the U.S. without needing to pay extra money. It wants to update the rules about which goods can use this ticket and make sure the countries where these goods come from are taking care of nature and treating people fairly.

  • S. 4915 — To amend the Internal Revenue Code of 1986 to modify the low-income housing credit and to reauthorize and reform the Generalized System of Preferences, and for other purposes.
    Status:Introduced in Senate
    Words:3,599

    S. 4915 proposes changes to the Internal Revenue Code to update the low-income housing credit, which involves raising the state housing credit ceiling and modifying tax-exempt bond financing criteria. The bill also seeks to extend and reform the Generalized System of...

    Simple Explanation

    S. 4915 is a bill that wants to change the rules to help make housing cheaper for people with less money and also check how some countries are doing to decide if the U.S. should keep giving them special trading benefits.