legislation: 116-s-4008

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
116-s-4008 116 s 4008 Market Economy Sourcing Act Foreign Trade and International Finance 2020-06-18 2020-06-18 Read twice and referred to the Committee on Finance. Senate Sen. Casey, Robert P., Jr. [D-PA] PA D C001070 0 Market Economy Sourcing Act This bill limits the content from nonmarket economy countries that may be included in free trade agreement qualifying goods. A nonmarket economy country is a foreign country that does not operate on market principles of cost or pricing structures, so that sales of merchandise in such country do not reflect the fair price of the merchandise. The bill requires that, during the five-year period following entry into force of a free trade agreement, no more than 20% of a qualifying good may originate in a nonmarket economy country, and no more than 10% thereafter. 2023-01-11T13:46:12Z  

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