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Senate Bill 4008
116th Congress(2019-2020)
Market Economy Sourcing Act
Introduced
Introduced
Introduced in Senate on Jun 18, 2020
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Introduced in Senate 
Jun 18, 2020
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Introduced in Senate(Jun 18, 2020)
Jun 18, 2020
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S. 4008 (Introduced-in-Senate)


116th CONGRESS
2d Session
S. 4008


To amend the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 to require that any trade agreement subject to expedited procedures under that Act contain certain requirements relating to the origination of goods in nonmarket economy countries.

IN THE SENATE OF THE UNITED STATES

June 18, 2020

Mr. Casey introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 to require that any trade agreement subject to expedited procedures under that Act contain certain requirements relating to the origination of goods in nonmarket economy countries.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Market Economy Sourcing Act”.

SEC. 2. Limitation on trade authorities procedures relating to requirements on content of goods from nonmarket economy countries.

Section 106(b) of the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (19 U.S.C. 4205(b)) is amended by adding at the end the following:

“(7) LIMITATIONS ON PROCEDURES RELATING TO ORIGINATION OF CONTENT OF GOODS FROM NONMARKET ECONOMY COUNTRIES.—

“(A) IN GENERAL.—The trade authorities procedures shall not apply to an implementing bill submitted with respect to a trade agreement or trade agreements entered into under section 103(b) unless the rules of origin requirements under such agreement or agreements—

“(i) with respect to rules of origin based on value content of a good, require that, of the content of a good qualifying for preferential treatment under the agreement or agreements that does not originate (as specified in those rules) in a country that is party to the agreement or agreements—

“(I) during the 5-year period following the entry into force of the agreement or agreements, not more than 20 percent of that content may originate in a nonmarket economy country; and

“(II) after the period specified in clause (i), not more than 10 percent of that content may originate in a nonmarket economy country; and

“(ii) with respect to rules of origin that are not based on value content of a good, are consistent with the requirements under clause (i) based on processing requirements or tariff shifts as opposed to value content.

“(B) NONMARKET ECONOMY COUNTRY DEFINED.—In this paragraph, the term ‘nonmarket economy country’ has the meaning given that term in section 771(18) of the Tariff Act of 1930 (19 U.S.C. 1677(18)).”.