United States Trade Leadership in the Indo-Pacific Act

12/19/2024, 9:07 AM

Summary of Bill HR 7962

Bill 118 hr 7962, also known as the United States Trade Leadership in the Indo-Pacific Act, is a piece of legislation introduced in the US Congress. The main goal of this bill is to enhance US trade and economic engagement in the Indo-Pacific region, which includes countries such as India, Japan, Australia, and others.

The bill aims to strengthen US leadership in the region by promoting trade and investment, enhancing economic cooperation, and fostering closer ties with Indo-Pacific countries. It also seeks to address challenges such as unfair trade practices, market access barriers, and intellectual property theft that US businesses face in the region.

Key provisions of the bill include the establishment of a new Indo-Pacific Economic Framework to coordinate US trade and economic policies in the region, the creation of a new Indo-Pacific Trade and Investment Fund to support US businesses operating in the region, and the promotion of trade agreements that benefit American workers and businesses. Overall, the United States Trade Leadership in the Indo-Pacific Act is aimed at promoting US economic interests in the Indo-Pacific region and strengthening US leadership in the global economy.

Current Status of Bill HR 7962

Bill HR 7962 is currently in the status of Bill Introduced since April 11, 2024. Bill HR 7962 was introduced during Congress 118 and was introduced to the House on April 11, 2024.  Bill HR 7962's most recent activity was Referred to the Subcommittee on Trade. as of December 17, 2024

Bipartisan Support of Bill HR 7962

Total Number of Sponsors
2
Democrat Sponsors
0
Republican Sponsors
2
Unaffiliated Sponsors
0
Total Number of Cosponsors
6
Democrat Cosponsors
4
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 7962

Primary Policy Focus

Foreign Trade and International Finance

Alternate Title(s) of Bill HR 7962

United States Trade Leadership in the Indo-Pacific ActUnited States Trade Leadership in the Indo-Pacific ActTo advance United States long-term trade competitiveness and economic leadership in the Indo-Pacific region.
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