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Import Security and Fairness Act
12/20/2024, 9:05 AM
Summary of Bill HR 4148
Bill 118 hr 4148, also known as the Import Security and Fairness Act, 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, particularly those coming from countries with a history of security concerns. This includes increased scrutiny of shipments, improved tracking mechanisms, and enhanced cooperation with foreign governments to ensure the safety and security of imported products.
Additionally, the bill aims to address unfair trade practices by foreign countries that may be harming American businesses. This includes measures to combat intellectual property theft, unfair subsidies, and other practices that put US companies at a disadvantage in the global marketplace. Overall, the Import Security and Fairness Act seeks to strike a balance between promoting trade and economic growth while also safeguarding national security and ensuring a level playing field for American businesses. It is currently being debated in Congress, with supporters arguing that it is necessary to protect American interests and opponents raising concerns about potential negative impacts on international trade relations.
One of the key provisions of the Import Security and Fairness Act is the establishment of stricter regulations for imported goods, particularly those coming from countries with a history of security concerns. This includes increased scrutiny of shipments, improved tracking mechanisms, and enhanced cooperation with foreign governments to ensure the safety and security of imported products.
Additionally, the bill aims to address unfair trade practices by foreign countries that may be harming American businesses. This includes measures to combat intellectual property theft, unfair subsidies, and other practices that put US companies at a disadvantage in the global marketplace. Overall, the Import Security and Fairness Act seeks to strike a balance between promoting trade and economic growth while also safeguarding national security and ensuring a level playing field for American businesses. It is currently being debated in Congress, with supporters arguing that it is necessary to protect American interests and opponents raising concerns about potential negative impacts on international trade relations.
Read the Full Bill
Current Status of Bill HR 4148
Bill HR 4148 is currently in the status of Bill Introduced since June 15, 2023. Bill HR 4148 was introduced during Congress 118 and was introduced to the House on June 15, 2023. Bill HR 4148's most recent activity was Referred to the Subcommittee on Trade. as of December 17, 2024
Bipartisan Support of Bill HR 4148
Total Number of Sponsors
2Democrat Sponsors
2Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
18Democrat Cosponsors
8Republican Cosponsors
10Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 4148
Primary Policy Focus
Foreign Trade and International FinanceAlternate Title(s) of Bill HR 4148
Import Security and Fairness Act
Import Security and Fairness Act
To amend the Tariff Act of 1930 relating to de minimus treatment under that Act.
Comments
Sponsors and Cosponsors of HR 4148
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