No Free TRIPS Act

Hozzl · 2024-03-13T02:51:17Z

Explore the details of Senate Bill 4063 No Free TRIPS Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Commerce. Stay informed on legislative developments.

3/13/2024, 2:51 AM

Congressional Summary of S 4063

No Free TRIPS Act

This bill prohibits the U.S. government from negotiating or concluding any withdrawal from or modification to the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS Agreement) without explicit authorization from Congress.

The TRIPS Agreement is one of several international agreements that led to the creation of the World Trade Organization (WTO). In October 2020, in response to the COVID-19 pandemic, several WTO members proposed a waiver of some TRIPS obligations, including obligations related to national patent laws.

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Current Status of Bill S 4063

Bill S 4063 is currently in the status of Bill Introduced since April 7, 2022. Bill S 4063 was introduced during Congress 117 and was introduced to the Senate on April 7, 2022. Bill S 4063's most recent activity was Read twice and referred to the Committee on Finance. as of April 7, 2022

Bipartisan Support of Bill S 4063

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 4063

Primary Policy Focus

Commerce

Alternate Title(s) of Bill S 4063

No Free TRIPS Act

A bill to prohibit the President from negotiating or concluding any withdrawal, suspension, waiver, or modification to the Agreement on Trade-Related Aspects of Intellectual Property Rights without explicit authorization from Congress.