Bill · S.Con.Res. 5· Senate(119-SCONRES-5)
A concurrent resolution expressing the sense of Congress that the proposed "joint interpretation" of Annex 14-C of the United States-Mexico-Canada Agreement prepared by United States Trade Representative Katherine Tai is of no legal effect with respect to the United States or any United States person unless it is approved by Congress.
- Introduced
- 1/15/2025
- Last activity
- 1/15/2025 — Referred to the Committee on Finance. (text: CR S187)
- Sponsored by
- Katie Britt
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
A concurrent resolution is how the Senate and the House settle something they do together, such as a budget plan or a joint session. It is adopted once both chambers agree to it, and that puts it into effect; it is not a law, so it does not go to the President.
What this bill would do
This resolution expresses the sense of Congress regarding a proposed "joint interpretation" of Annex 14-C of the USMCA. The interpretation was prepared by United States Trade Representative Katherine Tai. The resolution asserts that this interpretation has no legal effect on the United States or its persons without Congressional approval. It further states that government agencies cannot use this interpretation in legal proceedings until such approval is granted. The resolution aims to uphold Congressional authority over international trade agreements.
Yes· 3 of 5
Would business owners be better off under this?+5
The resolution prevents the executive branch from unilaterally limiting the investment protections afforded to U.S. persons.
Would people with substantial wealth be better off under this?+5
Protecting investment recourse under Annex 14-C benefits those with significant international investments.
Does this make it easier to run a small business?+5
The resolution protects the investment rights of U.S. persons against unapproved changes to trade agreement interpretations.
The opposite
Does this give the federal government more power?-5
The resolution seeks to limit the unilateral authority of the executive branch to implement new trade interpretations.
Who it would affect, and how
Potential Positive Impacts for People
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Protection of investment rights: Annex 14-C of the USMCA ensures that United States persons who make investments in Canada or Mexico have recourse for expropriation or discriminatory treatment (Annex 14-C of the USMCA).
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Preservation of Congressional authority: The resolution asserts that Congress has the final authority over the United States entering binding international trade agreements (Section 8 of article I of the Constitution of the United States).
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Prevention of unapproved legal changes: The resolution prevents the United States Trade Representative or other agencies from invoking a "joint interpretation" that could limit the rights of United States persons without formal Congressional approval (Resolution Section 1 and 2).
Potential Negative Impacts for People
- Limitation of rights for certain persons: The proposed "joint interpretation" by Ambassador Katherine Tai could limit and curtail the rights of certain United States persons under Annex 14-C of the USMCA (Whereas clause regarding Ambassador Katherine Tai).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+5Good For High Net Worth Individuals+5
- Economy And Finance
- Improves Small Business Support+5
- National Security And Foreign Policy
- Improves International Trade+5
- Governance And Ideology
- Increase States Rights+5Increases Federal Power-5
- 1/15/2025
- Referred to the Committee on Finance. (text: CR S187)
- 1 Cosponsor added.
- Introduced in Senate
Tommy TubervilleRepublican · Alabama