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CNL Update Act
12/30/2022, 3:04 AM
Summary of Bill HR 6171
The CTBT is an international treaty that bans all nuclear explosions for both civilian and military purposes. The CTBTO NDC plays a crucial role in monitoring and detecting nuclear tests around the world. This bill aims to ensure that the NDC has the necessary resources and capabilities to effectively carry out its mission.
Specifically, the CNL Update Act seeks to improve the NDC's data processing and analysis capabilities, enhance its ability to detect low-yield nuclear tests, and strengthen its collaboration with other international partners. The bill also calls for increased transparency and accountability in the NDC's operations. Overall, the CNL Update Act is designed to bolster the United States' commitment to non-proliferation efforts and strengthen the global nuclear testing monitoring regime. It is currently under review in Congress and has garnered bipartisan support for its efforts to enhance national security and promote international peace.
Congressional Summary of HR 6171
CNL Update Act
This bill makes changes to the procedures for competitive need limitations (CNL) and de minimis waivers under the Generalized System of Preferences (GSP) program. CNLs are quantitative ceilings on GSP benefits for each product and beneficiary developing country; a beneficiary developing country loses its GSP eligibility with respect to a product if the CNLs are exceeded and no waiver is granted.
Currently, the President must terminate the duty-free treatment for a product from a beneficiary developing country if (1) imports of a product from a single country reach a specified threshold value, which increases by $5 million each calendar year; or (2) 50% or more of total U.S. imports of a product entering under the GSP come from a single country. This bill revises the annual adjustment amount from $5 million to an amount equal to 6.5%.
Further, the bill sets the annual increase in the de minimis level to 6.5%. Currently, the de minimis level is adjusted each year in increments of $500,000.
