A bill to withdraw normal trade relations treatment from, and apply certain provisions of title IV of the Trade Act of 1974 to, products of the Russian Federation, and for other purposes.

Hozzl · 2022-12-29T22:18:20Z

Explore the details of Senate Bill 3722 A bill to withdraw normal trade relations treatment from, and apply certain provisions of title IV of the Trade Act of 1974 to, products of the Russian Federation, and for other purposes. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Foreign Trade and International Finance. Stay informed on legislative developments.

12/29/2022, 10:18 PM

Congressional Summary of S 3722

No Most Favored Nation Trading with Russia Act

This bill withdraws normal trade relations treatment from Russia.

Additionally, the bill requires the President to encourage U.S. allies and partners to (1) consider taking similar actions; and (2) condemn, at the World Trade Organization (WTO), Russia's aggression in Ukraine.

Further, the President must direct the U.S. Permanent Representative to the WTO to seek suspension of Russia's membership in the WTO.

The President may proclaim modifications to the applicable duty rates on products from Russia (under column 2 of the Harmonized Tariff Schedule) if the President determines that the modifications are necessary to protect the essential security of the United States.

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Current Status of Bill S 3722

Bill S 3722 is currently in the status of Bill Introduced since March 1, 2022. Bill S 3722 was introduced during Congress 117 and was introduced to the Senate on March 1, 2022. Bill S 3722's most recent activity was Read twice and referred to the Committee on Finance. as of March 1, 2022

Bipartisan Support of Bill S 3722

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3722

Primary Policy Focus

Foreign Trade and International Finance

Potential Impact Areas

- Alliances

- Conflicts and wars

- Europe

- Free trade and trade barriers

- International organizations and cooperation

- Military operations and strategy

- Russia

- Tariffs

- Ukraine

Alternate Title(s) of Bill S 3722

A bill to withdraw normal trade relations treatment from, and apply certain provisions of title IV of the Trade Act of 1974 to, products of the Russian Federation, and for other purposes.