Mongolia Third Neighbor Trade Act

Hozzl · 2023-12-15T16:09:39Z

Explore the details of Senate Bill 3368 Mongolia Third Neighbor Trade 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, 4:09 PM

Summary of Bill S 3368

Bill 118 s 3368, also known as the Mongolia Third Neighbor Trade Act, is a piece of legislation introduced in the US Congress. The purpose of this bill is to promote trade and economic relations between the United States and Mongolia, a country located in East Asia.

The bill emphasizes the importance of Mongolia as a strategic partner for the United States in the region, and aims to strengthen the economic ties between the two countries. It seeks to increase trade and investment opportunities for American businesses in Mongolia, and vice versa.

One of the key provisions of the bill is the establishment of a trade agreement between the United States and Mongolia, which would reduce trade barriers and facilitate the flow of goods and services between the two countries. This agreement would also promote economic growth and job creation in both countries. Additionally, the bill calls for increased cooperation between the United States and Mongolia in areas such as energy, infrastructure, and technology. It also encourages the exchange of cultural and educational programs to further strengthen the relationship between the two nations. Overall, the Mongolia Third Neighbor Trade Act aims to enhance the economic partnership between the United States and Mongolia, and to promote mutual prosperity and growth. It is seen as a positive step towards deepening the ties between the two countries and fostering greater cooperation in the region.

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Current Status of Bill S 3368

Bill S 3368 is currently in the status of Bill Introduced since November 30, 2023. Bill S 3368 was introduced during Congress 118 and was introduced to the Senate on November 30, 2023. Bill S 3368's most recent activity was Read twice and referred to the Committee on Finance. as of November 30, 2023

Bipartisan Support of Bill S 3368

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Republican Cosponsors

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Policy Area and Potential Impact of Bill S 3368

Primary Policy Focus

Foreign Trade and International Finance

Alternate Title(s) of Bill S 3368

Mongolia Third Neighbor Trade ActMongolia Third Neighbor Trade ActA bill to promote United States-Mongolia trade by authorizing duty-free treatment for certain imports from Mongolia, and for other purposes.

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