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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.
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.
Read the Full Bill
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
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3722
Primary Policy Focus
Foreign Trade and International FinancePotential 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.
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.
Comments
Sponsors and Cosponsors of S 3722
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