About HR1295

Trade Preferences Extension Act of 2015

Policy Area: Foreign Trade and International Finance

Sponsor: Rep. Holding, George [R-NC-13] (R-NC)

Latest Action (2015-06-29): Became Public Law No: 114-27.

Summary

Trade Preferences Extension Act of 2015 TITLE I–EXTENSION OF AFRICAN GROWTH AND OPPORTUNITY ACT AGOA Extension and Enhancement Act of 2015 (Sec. 103) This bill amends the Trade Act of 1974 and the African Growth and Opportunity Act (AGOA) to extend through FY2025 the duty-free treatment of the products of beneficiary sub-Saharan African countries under those Acts. The extended period also applies to: the preferential treatment of apparel articles wholly assembled, or components knit-to-shape and wholly assembled, in one or more beneficiary sub-Saharan African countries from yarns originating in the United States or one or more beneficiary sub-Saharan African countries or former beneficiary sub-Saharan African countries, or both; and the third-country fabric program granting duty-free treatment of apparel articles wholly assembled, or knit-to-shape and wholly assembled, or both, in one or more lesser developed beneficiary sub-Saharan African countries, regardless of the country of origin of the fabric or the yarn used to make such articles. (Sec. 104) This bill amends the Generalized System of Preferences (GSP) to revise rules of origin for duty-free treatment of articles of beneficiary sub-Saharan African countries. (Sec. 105) The President must not terminate the designation of a country as a beneficiary sub-Saharan African country unless, at least 60 days before termination, the President notifies Congress and the country of that intention. The President, instead of te

Subjects: Administrative law and regulatory procedures, Administrative remedies, Africa, Agricultural trade, Budget deficits and national debt, Caribbean area, Congressional oversight, Corporate finance and management

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