0
0

Haiti Economic Lift Program Extension Act of 2025

3/22/2025, 5:53 AM

Summary of Bill S 742

Bill 119 s 742, also known as the "Haiti Economic Recovery Act," is a piece of legislation that aims to extend duty-free treatment for imports from Haiti under the Caribbean Basin Economic Recovery Act. This bill is designed to support economic growth and recovery in Haiti by allowing certain goods to enter the United States without being subject to tariffs or duties.

The Caribbean Basin Economic Recovery Act was originally enacted in 1983 to promote economic development in the Caribbean region, including Haiti. The act provides duty-free treatment for certain goods imported from designated countries, including Haiti, in order to stimulate trade and investment in the region.

Bill 119 s 742 seeks to extend this duty-free treatment for an additional period of time in order to continue supporting Haiti's economic recovery efforts. By allowing Haitian goods to enter the US market without facing tariffs, the bill aims to boost trade and investment in Haiti, creating jobs and opportunities for the Haitian people. In addition to extending duty-free treatment for Haitian imports, the bill also includes provisions for other purposes related to economic development in Haiti. These provisions may include measures to support small businesses, improve infrastructure, or enhance trade relations between the US and Haiti. Overall, Bill 119 s 742 is a bipartisan effort to support Haiti's economic recovery and promote trade and investment in the region. By extending duty-free treatment for Haitian imports, the bill aims to create opportunities for economic growth and development in Haiti, benefiting both the Haitian people and the US economy.

Congressional Summary of S 742

Haiti Economic Lift Program Extension Act of 2025

This bill extends through FY2035 the special duty-free rules for various apparel products imported from Haiti, including the duty-free treatment provided for a limited amount (referred to as tariff preference levels) of certain apparel products assembled in and imported from Haiti.

The bill directs the President to proclaim such modifications to the Harmonized Tariff Schedule of the United States (HTS) that may be necessary to restore preferential treatment to articles that became ineligible for such treatment due to prior revisions to the HTS.

Current Status of Bill S 742

Bill S 742 is currently in the status of Bill Introduced since February 26, 2025. Bill S 742 was introduced during Congress 119 and was introduced to the Senate on February 26, 2025.  Bill S 742's most recent activity was Read twice and referred to the Committee on Finance. as of February 26, 2025

Bipartisan Support of Bill S 742

Total Number of Sponsors
3
Democrat Sponsors
0
Republican Sponsors
3
Unaffiliated Sponsors
0
Total Number of Cosponsors
7
Democrat Cosponsors
5
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 742

Primary Policy Focus

Alternate Title(s) of Bill S 742

A bill to extend duty-free treatment provided with respect to imports from Haiti under the Caribbean Basin Economic Recovery Act, and for other purposes.
A bill to extend duty-free treatment provided with respect to imports from Haiti under the Caribbean Basin Economic Recovery Act, and for other purposes.

Comments