Import Security and Fairness Act

Hozzl · 2023-12-15T16:08:06Z

Explore the details of Senate Bill 2004 Import Security and Fairness Act 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.

12/15/2023, 4:08 PM

Summary of Bill S 2004

The Import Security and Fairness Act, also known as Bill 118 s 2004, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to enhance the security of imported goods entering the United States while also promoting fairness in trade practices.

One of the key provisions of the Import Security and Fairness Act is the establishment of stricter regulations for imported goods. This includes requiring more thorough inspections of shipments to ensure that they meet safety and quality standards. Additionally, the bill aims to crack down on counterfeit goods and illegal imports that pose a threat to national security.

Another important aspect of the bill is its focus on promoting fair trade practices. The Import Security and Fairness Act seeks to address issues such as dumping, where foreign companies sell goods in the US at unfairly low prices, and subsidies that give foreign companies an unfair advantage in the market. By addressing these practices, the bill aims to level the playing field for American businesses and protect domestic industries. Overall, the Import Security and Fairness Act is a comprehensive piece of legislation that aims to enhance the security of imported goods while promoting fairness in trade practices. If passed, this bill could have a significant impact on the way goods are imported into the United States and could help protect American businesses and consumers from unfair competition.

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Current Status of Bill S 2004

Bill S 2004 is currently in the status of Bill Introduced since June 15, 2023. Bill S 2004 was introduced during Congress 118 and was introduced to the Senate on June 15, 2023. Bill S 2004's most recent activity was Read twice and referred to the Committee on Finance. as of June 15, 2023

Bipartisan Support of Bill S 2004

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 2004

Primary Policy Focus

Foreign Trade and International Finance

Alternate Title(s) of Bill S 2004

Import Security and Fairness ActImport Security and Fairness ActA bill to amend the Tariff Act of 1930 relating to de minimis treatment under that Act.

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