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Permanent Non-Trade Relations for Russia Act
12/29/2022, 10:03 PM
Summary of Bill HR 7172
Bill 117 hr 7172, also known as the Permanent Non-Trade Relations for Russia Act, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to establish permanent normal trade relations with Russia, which would allow for the continuation of economic and trade relations between the two countries.
The bill outlines the importance of maintaining a stable and productive relationship with Russia, despite any political tensions that may exist between the two nations. By establishing permanent normal trade relations, the United States would be able to continue to engage in trade with Russia on a consistent and predictable basis, which would benefit both countries economically.
The bill also addresses concerns about human rights violations and other issues in Russia, stating that the United States will continue to monitor and address these issues while maintaining trade relations with the country. Additionally, the bill includes provisions for the enforcement of trade agreements and the protection of intellectual property rights. Overall, the Permanent Non-Trade Relations for Russia Act aims to promote economic stability and cooperation between the United States and Russia, while also addressing important issues related to human rights and trade enforcement. It is currently under consideration by Congress and may be subject to amendments or changes before being passed into law.
The bill outlines the importance of maintaining a stable and productive relationship with Russia, despite any political tensions that may exist between the two nations. By establishing permanent normal trade relations, the United States would be able to continue to engage in trade with Russia on a consistent and predictable basis, which would benefit both countries economically.
The bill also addresses concerns about human rights violations and other issues in Russia, stating that the United States will continue to monitor and address these issues while maintaining trade relations with the country. Additionally, the bill includes provisions for the enforcement of trade agreements and the protection of intellectual property rights. Overall, the Permanent Non-Trade Relations for Russia Act aims to promote economic stability and cooperation between the United States and Russia, while also addressing important issues related to human rights and trade enforcement. It is currently under consideration by Congress and may be subject to amendments or changes before being passed into law.
Congressional Summary of HR 7172
Permanent Non-Trade Relations for Russia Act or the P.N.T.R. for Russia Act
This bill prohibits the President from providing normal trade relations treatment to any article imported from Russia.
Additionally, the bill directs the U.S. Trade Representative (USTR) to submit a report to Congress that describes the manner in which the USTR plans to (1) obtain support of World Trade Organization (WTO) members to call for the removal of Russia from the WTO, and (2) increase international support among WTO members to remove normal trade relations status for Russia.
Read the Full Bill
Current Status of Bill HR 7172
Bill HR 7172 is currently in the status of Bill Introduced since March 18, 2022. Bill HR 7172 was introduced during Congress 117 and was introduced to the House on March 18, 2022. Bill HR 7172's most recent activity was Referred to the House Committee on Ways and Means. as of March 18, 2022
Bipartisan Support of Bill HR 7172
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7172
Primary Policy Focus
Foreign Trade and International FinancePotential Impact Areas
- Congressional oversight
- Europe
- Free trade and trade barriers
- International organizations and cooperation
- Russia
- Tariffs
Alternate Title(s) of Bill HR 7172
Permanent Non-Trade Relations for Russia Act
Permanent Non-Trade Relations for Russia Act
P.N.T.R. for Russia Act
To prohibit products imported from Russia to receive normal trade relations treatment, and for other purposes.
Comments
Sponsors and Cosponsors of HR 7172
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