A bill to withdraw normal trade relations treatment from, and apply certain provisions of title IV of the Trade Act of 1974 to, products of the Russian Federation, and for other purposes.

Bill: 117-s-3722
Sponsor: full_name: Sen. Wyden, Ron [D-OR]
Introduced: 2022-03-01
Policy area: Foreign Trade and International Finance
Subjects: Alliances

Conflicts and wars

Europe

Free trade and trade barriers

International organizations and cooperation

Military operations and strategy

Russia

Tariffs

Ukraine
Latest action: action_date: 2022-03-01
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2022-03-01
action_desc: Introduced in Senate
text: <p><strong>No Most Favored Nation Trading with Russia Act</strong></p> <p>This bill withdraws normal trade relations treatment from Russia.</p> <p>Additionally, the bill requires the President to encourage U.S. allies and partners to (1) consider taking similar actions; and (2) condemn, at the World Trade Organization (WTO), Russia's aggression in Ukraine.</p> <p>Further, the President must direct the U.S. Permanent Representative to the WTO to seek suspension of Russia's membership in the WTO.</p> <p>The President may proclaim modifications to the applicable duty rates on products from Russia (under column 2 of the Harmonized Tariff Schedule) if the President determines that the modifications are necessary to protect the essential security of the United States.</p>

tv_txt: II 117th CONGRESS 2d Session S. 3722 IN THE SENATE OF THE UNITED STATES March 1, 2022 Mr. Wyden introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To withdraw normal trade relations treatment from, and apply certain provisions of title IV of the Trade Act of 1974 to, products of the Russian Federation, and for other purposes.

1. Short title This Act may be known as the No Most Favored Nation Trading with Russia Act . 2. Withdrawal of normal trade relations treatment with the Russian Federation Notwithstanding the provisions of title I of the Russia and Moldova Jackson-Vanik Repeal and Sergei Magnitsky Rule of Law Accountability Act of 2012 ( Public Law 112–208 ; 19 U.S.C. 2434 note) or any other provision of law, effective on the date of the enactment of this Act— (1) normal trade relations treatment shall not apply pursuant to section 102 of that Act to the products of the Russian Federation; and (2) normal trade relations treatment may thereafter be extended to the products of the Russian Federation only in accordance with the provisions of chapter 1 of title IV of the Trade Act of 1974 ( 19 U.S.C. 2431 et seq. ), as in effect with respect to the products of the Russian Federation on the day before the effective date of the accession of the Russian Federation to the World Trade Organization. 3. Proclamation of tariffs With regard to products of the Russian Federation, the President may proclaim modifications to the rates set forth in the column 2 rate of duty column of the Harmonized Tariff Schedule of the United States if the President determines that the modifications are necessary for the protection of the essential security of the United States. 4. Cooperation with United States allies and partners (a) In general The President shall encourage allies and partners of the United States— (1) to consider taking actions similar to the actions taken under section 2, such as the withdrawal of permanent normal trade relations treatment for products of the Russian Federation; and (2) to condemn at the World Trade Organization the recent aggression by the Government of the Russian Federation in Ukraine. (b) Accountability at the WTO The President shall direct the Permanent Mission of the United States to the World Trade Organization to use the voice and influence of the United States at the World Trade Organization to seek the suspension of the membership of the Russian Federation in the World Trade Organization.