Bill · S. 172· Senate(119-S-172)
Stopping Adversarial Tariff Evasion Act
- Introduced
- 1/21/2025
- Last activity
- 1/21/2025 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Rick Scott
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The Stopping Adversarial Tariff Evasion Act aims to clarify the country of origin for certain imported articles. It expands how trade enforcement actions are applied regarding foreign adversary countries and their parties. The bill amends the Trade Act of 1974 and the Trade Expansion Act of 1962. Specifically, it targets articles produced, manufactured, or finally assembled by entities owned, controlled, directed, or operated by foreign adversary parties. This includes entities with at least 25 percent equity held by a foreign adversary party.
Yes
Does this give people more protection from unfair business practices?+2
The bill provides more transparent trade enforcement by closing loopholes used to evade tariffs through adversary-controlled entities.
Would business owners be better off under this?+1
The bill helps domestic business owners compete more fairly by preventing foreign adversaries from evading trade enforcement actions.
Does this better protect the country from computer attacks?+1
By targeting entities linked to foreign adversaries, the bill helps mitigate economic risks associated with adversary-controlled industrial policies.
The opposite
Does this make trade with other countries easier?-2
The bill imposes stricter country-of-origin rules that may restrict trade flows from entities with adversary-linked equity.
Who it would affect, and how
Potential Positive Impacts for People
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Clarification of Trade Enforcement: The bill modifies Section 301(d) of the Trade Act of 1974, Section 203 of the Trade Act of 1974, and Section 232(c) of the Trade Expansion Act of 1962 to ensure that articles produced or assembled by entities controlled by foreign adversary parties are treated as originating in those adversary countries.
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Broad Definition of Control: By including entities where a foreign adversary party holds at least 25 percent of equity interests—including through joint ventures or derivative financial instruments—the bill expands the scope of what is considered an adversary-controlled entity (Section 2, Section 3, and Section 4).
Potential Negative Impacts for People
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Increased Scope of Trade Actions: The bill's provisions mean that any action taken by the Trade Representative or the President regarding foreign adversary countries will now apply to articles produced, manufactured, or undergoing final assembly by a foreign adversary party or an entity they control (Section 2, Section 3, and Section 4).
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Specific Entity Targeting: Entities that have had at least 25 percent of their equity interests held by a foreign adversary party during the most recent 12-month period will be subject to these rules (Section 2, Section 3, and Section 4).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Consumer Protection+2
- Demographic And Interest Groups
- Good For Business Owners+1
- National Security And Foreign Policy
- Improves Cybersecurity Defense+1Improves International Trade-2
- 1/21/2025
- Read twice and referred to the Committee on Finance.
- Introduced in Senate