The Generalized System of Preferences Reform Act (H.R. 7986) seeks to modify and extend the Generalized System of Preferences (GSP) until December 31, 2030. It updates rules for determining beneficiary countries, including considerations for human rights and economic...
Simple Explanation
The Generalized System of Preferences Reform Act is like a plan to help countries sell certain goods to the U.S. without charging extra money. It changes some rules for picking which countries get help and wants people to follow new rules so everything is fair and good for everyone.