Bill · H.R. 1024· House(119-HR-1024)

US-Kazakhstan Trade Modernization Act

Age: 57 years

California

Introduced: 2/5/2025
Last activity: 2/5/2025 — Referred to the House Committee on Ways and Means.
Sponsored by: Jimmy Panetta
Cosponsors: - 12 - 22

Foreign Trade and International Finance

Introduced
In Committee

What this bill would do

This bill, known as the ``US-Kazakhstan Trade Modernization Act'', seeks to authorize the extension of nondiscriminatory treatment to products from Kazakhstan. It provides the President with the authority to determine that title IV of the Trade Act of 1974 should no longer apply to Kazakhstan. Once this determination is made, the President can proclaim the extension of normal trade relations treatment to Kazakhstan's products. Upon this proclamation, title IV of the Trade Act of 1974 would cease to apply to the country. This action follows findings that Kazakhstan allows its citizens the right to emigrate without heavy taxes or fees.

Yes

Does this make trade with other countries easier?+5
The bill modernizes trade relations by allowing the President to extend normal trade relations treatment to Kazakhstan's products.
Would business owners be better off under this?+4
The expansion of normal trade relations treatment facilitates easier trade for businesses dealing with Kazakhstan.
Does this strengthen ties with allied countries?+3
The bill strengthens economic ties with Kazakhstan by authorizing the extension of nondiscriminatory trade treatment.