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UNITED Act

3/26/2025, 8:06 AM

Summary of Bill HR 1743

Bill 119 HR 1743, also known as the "Comprehensive Trade Agreement with the United Kingdom Act," aims to grant the President the authority to negotiate and enter into a comprehensive trade agreement with the United Kingdom. The bill also includes provisions for other purposes related to trade between the two countries.

If passed, this legislation would allow the President to engage in negotiations with the UK to establish a trade agreement that would govern the exchange of goods and services between the two nations. This agreement could potentially lead to increased trade opportunities, economic growth, and job creation for both countries.

The bill does not specify the details of the trade agreement, as those would be determined through the negotiation process. However, it does outline the general framework and objectives that the agreement should aim to achieve, such as promoting fair and reciprocal trade, reducing barriers to trade, and enhancing economic cooperation between the US and the UK. Overall, Bill 119 HR 1743 seeks to strengthen the economic relationship between the United States and the United Kingdom through the negotiation of a comprehensive trade agreement. If successful, this agreement could have significant implications for both countries' economies and trade relations.

Congressional Summary of HR 1743

Undertaking Negotiations on Investment and Trade for Economic Dynamism Act or the UNITED Act

This bill grants certain authorities to the President for entering into a comprehensive trade agreement between the United States and the United Kingdom (UK).

Specifically, the bill directs the President to seek to initiate negotiations with the UK regarding tariff and nontariff barriers affecting any industry, product, or service sector.

The bill authorizes the President to enter into a comprehensive trade agreement with the UK, with such authority expiring on March 1, 2029. Further, the President may proclaim a modification or continuance of any existing duty or a continuance of existing excise or duty-free treatment to carry out an agreement, with certain limitations.

The bill also requires the President to consult with and notify Congress regarding the intention of the President to enter into an agreement or make a proclamation.

Current Status of Bill HR 1743

Bill HR 1743 is currently in the status of Bill Introduced since February 27, 2025. Bill HR 1743 was introduced during Congress 119 and was introduced to the House on February 27, 2025.  Bill HR 1743's most recent activity was Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of February 27, 2025

Bipartisan Support of Bill HR 1743

Total Number of Sponsors
5
Democrat Sponsors
0
Republican Sponsors
5
Unaffiliated Sponsors
0
Total Number of Cosponsors
17
Democrat Cosponsors
3
Republican Cosponsors
14
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 1743

Primary Policy Focus

Alternate Title(s) of Bill HR 1743

To provide the President with authority to enter into a comprehensive trade agreement with the United Kingdom, and for other purposes.
To provide the President with authority to enter into a comprehensive trade agreement with the United Kingdom, and for other purposes.

Comments

Kole Gray profile image

Kole Gray

597

11 months ago

Hey y'all, just heard about this new bill, and let me tell you, I am not a fan of it at all. This thing is gonna mess with my retirement benefits and I am not happy about it. Can someone explain to me what the long term affects of this bill will be? #confused