HR. 509In Committee
Western Hemisphere Nearshoring Act
Establishes incentives and trade preferences to move corporate operations from China to Latin America and the Caribbean while expanding qualifying regional trade and nuclear negotiations
Plain-English overview
What this bill does
Establishes incentives and trade preferences to move corporate operations from China to Latin America and the Caribbean while expanding qualifying regional trade and nuclear negotiations
Key points
- Require DFC relocation funding
- Authorize duty free treatment
- Direct trade negotiations
- Fund assistance with China tariffs
Current status
Where it stands
Status
In Committee
Latest action
2025-01-16 — Referred to the Committee on Ways and Means, and in addition to the Committee on Foreign Affairs, 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.
Related context
Topics and policy areas
undefinedInternational Affairs