Search Results: keywords:"u.s.-china manufacturing dependency"

  • H. R. 509 — To decrease dependency on People’s Republic of China manufacturing and decrease migration due to lost regional economic opportunities.
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    Status:Introduced in House
    Words:3,925

    H. R. 509 aims to reduce U.S. dependency on manufacturing in the People’s Republic of China by encouraging companies to move their operations to Latin America or the Caribbean. The bill proposes financial incentives, such as funding moving expenses and offering duty-free treatment for goods...

    Simple Explanation

    H. R. 509 is a plan to help American companies move their factories from China to places like Latin America or the Caribbean. It offers things like paying for moving costs and giving tax breaks so that more jobs are created closer to home.