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Search Results: keywords:"international trade"

  • The Tariffs for Terrorism Act of 2024 aims to impose steep duties on goods and services imported into the United States from countries that buy crude oil or petroleum products from Iran. These duties could be as high as 500% to discourage international trade with Iran, which...

    Simple Explanation

    The Tariffs for Terrorism Act of 2024 is like a new rule that says the U.S. can charge a lot more money (up to 500% extra) on stuff it buys from countries that get oil from Iran, to try and stop Iran from getting money that might be used for bad things. Every four months, they will check which countries this affects, but it's a tricky process that could make trading with other countries confusing or difficult.

  • S. 4015 proposes to temporarily remove duties on titanium sponge imports into the United States. This measure will last until December 31, 2031, or until the President decides to end it if U.S. production meets national security needs. Titanium sponge imports from Belarus,...

    Simple Explanation

    Imagine a rule that lets America bring in a kind of metal called titanium sponge without paying extra fees until 2031. But they still have to pay if the metal comes from certain countries like Russia. The President can change this rule if America makes enough titanium sponge on its own or if it's necessary for safety reasons.

  • H. CON. RES. 98 is a resolution affirming the importance of taking action to preserve peace, security, and freedom of navigation in the Red Sea and Gulf of Aden. The resolution highlights the threat posed by Iranian-backed Houthis, who have attacked ships in this region. It...

    Simple Explanation

    The bill is about keeping the waters in the Red Sea and Gulf of Aden safe for ships to travel. It says that the United States supports working with other countries to stop bad people from causing trouble there and to keep trade moving smoothly.

  • H.R. 9151, also known as the "Protecting American Industry and Labor from International Trade Crimes Act of 2024," aims to enhance the enforcement of trade-related crimes by the Department of Justice. This bill proposes establishing a new structure within the Criminal...

    Simple Explanation

    H.R. 9151 is a new rule to help the government's lawyers catch and punish people who break trade laws, like cheating on import taxes. It sets up a special team to work with others in the country and around the world to make sure trade is fair and honest.

  • S. CON. RES. 5 is a concurrent resolution expressing that a proposed "joint interpretation" of Annex 14-C of the United States-Mexico-Canada Agreement (USMCA) by United States Trade Representative Katherine Tai holds no legal effect unless Congress approves it. Congress asserts its authority...

    Simple Explanation

    The bill says that a special change to a trade agreement between the U.S., Canada, and Mexico won't count unless Congress says it's okay; Congress wants to make sure that big decisions about trading with other countries have their approval first.

  • H. R. 7974 aims to change the Federal Food, Drug, and Cosmetic Act to ensure that any food products containing insects, insect parts, or products derived from insects must clearly indicate this on the front label. The bill requires that this labeling be done in a prominent...

    Simple Explanation

    H. R. 7974 wants all food packages to say on the front if they have bugs or anything made from bugs, so people know what they're eating. This new rule will start 180 days after it becomes law, but there are still questions about how it's going to work and what happens if someone doesn't follow the rule.

  • H. J. Res. 115 is a joint resolution that seeks to overturn a rule set by the Department of Agriculture regarding the importation of fresh beef from Paraguay. The resolution expresses Congress’s disapproval of this rule, citing that the rule, published in the Federal...

    Simple Explanation

    The bill is about some people in the government saying they don't want to follow a new rule that allows fresh beef to come from a country called Paraguay. They haven't explained why they don't like this idea, which might make it confusing for others.

  • The bill, S. 4955, aims to improve the Department of Justice's ability to investigate and prosecute crimes related to international trade. It proposes the establishment of a dedicated task force within the Department of Justice to focus on federal violations such as evasion...

    Simple Explanation

    The bill wants to help the Department of Justice catch people who cheat in international trade by creating a special group to investigate and stop these crimes, giving them $20 million to do their job well.

  • The bill, S. 4414, aims to modernize the State Trade Expansion Program (STEP) run by the Small Business Administration. It intends to make it easier for small businesses to engage in exporting by improving application procedures, streamlining reporting requirements, and ensuring funding...

    Simple Explanation

    The bill wants to help small businesses sell things to other countries by making it easier and fairer for them to get money and support from the government. It plans to make the rules simpler and ensure that everyone knows how the money is shared to help businesses grow and succeed.

  • The bill, S. 4582, aims to reauthorize the Trade Adjustment Assistance (TAA) program, which provides support to U.S. workers, firms, and farmers affected by international trade. This legislation extends the provisions of the TAA program as previously defined in the Trade Act...

    Simple Explanation

    The bill wants to keep helping people who lose their jobs because of international trade by giving them extra money and support until 2030. It also lets people who were told they can't get help try to ask again.

  • The bill H. R. 8912, titled the "Securing America’s Titanium Manufacturing Act of 2024," aims to temporarily remove duties on titanium sponge imports to the United States. This duty-free period starts 30 days after the bill becomes law and lasts until December 31, 2031, or...

    Simple Explanation

    The bill wants to let the U.S. stop charging extra fees on a special metal called titanium sponge when bringing it in from other countries, so companies can buy it cheaper. But, they can't do this with some countries like Russia and North Korea, and the President can decide to stop this deal if it's needed to keep America safe.

  • The bill titled “No Forced Labor on TV Act” aims to prevent individuals or companies from advertising products made using forced labor from China. It empowers the Federal Trade Commission (FTC) to treat violations as unfair or deceptive practices under existing U.S. law,...

    Simple Explanation

    The “No Forced Labor on TV Act” is a new rule that says people can't show ads for things made by people who are forced to work in bad conditions in China. If someone breaks this rule, a group called the Federal Trade Commission can make them stop and give them a penalty.