Bill 118 HR 9151, also known as the Protecting American Industry and Labor from International Trade Crimes Act of 2024, aims to address issues related to international trade crimes that harm American industries and workers. The bill seeks to strengthen enforcement mechanisms and penalties for those who engage in illegal trade practices that undermine the competitiveness of American businesses.
Key provisions of the bill include increased funding for the enforcement of trade laws, such as anti-dumping and countervailing duty laws, to prevent unfair competition from foreign entities. The bill also calls for the establishment of a task force to investigate and prosecute cases of trade crimes, as well as the implementation of measures to protect American intellectual property rights from theft and infringement.
Furthermore, the bill includes provisions to enhance transparency in trade agreements and negotiations, ensuring that American industries and workers are not disadvantaged by unfair trade practices. The bill also aims to promote fair competition by cracking down on illegal subsidies and dumping practices that harm American businesses.
Overall, the Protecting American Industry and Labor from International Trade Crimes Act of 2024 seeks to safeguard the interests of American industries and workers by strengthening enforcement mechanisms and penalties for those who engage in illegal trade practices.