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A bill to amend the Trade Act of 1974 to modify the eligibility requirements for the Generalized System of Preferences to strengthen worker protections and to ensure that beneficiary developing countries afford equal rights and protection under the law, regardless of gender, and for other purposes.

9/20/2024, 10:56 AM

Summary of Bill S 5123

Bill 118 s 5123, also known as the "Generalized System of Preferences Worker Protection Act," aims to make changes to the Trade Act of 1974 in order to enhance worker protections within the Generalized System of Preferences (GSP). The GSP is a program that allows certain developing countries to export goods to the United States duty-free.

The bill seeks to strengthen worker protections by modifying the eligibility requirements for countries participating in the GSP. Specifically, it aims to ensure that beneficiary developing countries provide equal rights and protection under the law for all workers, regardless of gender. This is an important step towards promoting gender equality and ensuring fair treatment for all workers in these countries.

In addition to these changes, the bill also includes provisions for other purposes related to the GSP program. Overall, the goal of Bill 118 s 5123 is to improve worker protections and promote equality within the GSP program, ultimately benefiting both workers in developing countries and the US economy.

Current Status of Bill S 5123

Bill S 5123 is currently in the status of Bill Introduced since September 19, 2024. Bill S 5123 was introduced during Congress 118 and was introduced to the Senate on September 19, 2024.  Bill S 5123's most recent activity was Read twice and referred to the Committee on Finance. as of September 19, 2024

Bipartisan Support of Bill S 5123

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
2
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 5123

Primary Policy Focus

Alternate Title(s) of Bill S 5123

A bill to amend the Trade Act of 1974 to modify the eligibility requirements for the Generalized System of Preferences to strengthen worker protections and to ensure that beneficiary developing countries afford equal rights and protection under the law, regardless of gender, and for other purposes.
A bill to amend the Trade Act of 1974 to modify the eligibility requirements for the Generalized System of Preferences to strengthen worker protections and to ensure that beneficiary developing countries afford equal rights and protection under the law, regardless of gender, and for other purposes.

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