Rep. Lee Terry Introduces Legislation Amending GSP Eligibility
September 24, 2013
Congressman Lee Terry (R-NE) recently introduced a bill that amends the ineligibility section under the expired Generalized System of Preferences (GSP) program. H.R. 3167, the “Playing Fair on Trade and Innovation Act,” blocks duty-free access to U.S. markets for countries without adequate intellectual property protection. Additionally, countries which require U.S. exported goods to be domestically produced will also be ineligible for the program. Congressman Terry commented, “This legislation provides a valuable tool to help level the playing field.”
The GSP program expired at the end of July, after the Senate was unable to unanimously pass legislation to reauthorize the program. GSP renewal legislation has been introduced to committees in both the House and Senate.
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