US-Kazakhstan Trade Modernization Act

Bill: 119-hr-1024
Sponsor: full_name: Rep. Panetta, Jimmy [D-CA-19]
Introduced: 2025-02-05
Policy area: Foreign Trade and International Finance
Subjects: Asia

Kazakhstan

Normal trade relations, most-favored-nation treatment

Presidents and presidential powers, Vice Presidents
Latest action: action_date: 2025-02-05
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2025-02-05
action_desc: Introduced in House
text: <p><strong>US-Kazakhstan Trade Modernization Act</strong></p><p>This bill addresses trade between the United States and&nbsp;Kazakhstan.&nbsp;</p><p>Specifically, the bill authorizes the President to determine that&nbsp;Section 402 of the Trade Act of 1974 (commonly known as the Jackson-Vanik amendment) does not apply to Kazakhstan. The Jackson-Vanik amendment&nbsp;denies normal trade relations (NTR) status to some current and former&nbsp;nonmarket economy countries unless they comply with certain freedom-of-emigration requirements. Under a provision of this amendment, the President may&nbsp;extend NTR status to a country affected by the amendment by waiving the freedom-of-emigration requirements or determining that the country is not in violation of those requirements, subject to an annual review.&nbsp;Kazakhstan has received temporary NTR status since 1992.</p><p>Additionally, the bill authorizes the President to extend&nbsp;permanent NTR status to  Kazakhstan.</p>

tv_txt: I 119th CONGRESS 1st Session H. R. 1024 IN THE HOUSE OF REPRESENTATIVES February 5, 2025 Mr. Panetta (for himself, Mr. Aderholt , Mr. LaHood , Mr. Bera , Ms. Titus , Mr. Suozzi , Mrs. Miller of West Virginia , Ms. Tenney , and Ms. Van Duyne ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To authorize the extension of nondiscriminatory treatment (normal trade relations treatment) to the products of Kazakhstan.

1. Short title This Act may be cited as the US-Kazakhstan Trade Modernization Act . 2. Findings Congress finds the following: (1) Kazakhstan allows its citizens the right and opportunity to emigrate, free of any heavy tax on emigration or on the visas or other documents required for emigration and free of any tax, levy, fine, fee, or other charge on any citizens, as a consequence of the desire of those citizens to emigrate to the country of their choice. (2) Kazakhstan has been found to be in full compliance with the freedom of emigration requirements under title IV of the Trade Act of 1974 ( 19 U.S.C. 2431 et seq. ) since 1997. (3) Kazakhstan has received normal trade relations treatment since 1992 and signed a bilateral investment treaty agreement with the United States that entered into force in 1994. (4) On November 30, 2015, Kazakhstan officially acceded to the World Trade Organization. 3. Termination of application of title IV of the Trade Act of 1974 to the products of Kazakhstan (a) Presidential Determinations and Extension of Nondiscriminatory Treatment Notwithstanding any provision of title IV of the Trade Act of 1974 ( 19 U.S.C. 2431 et seq. ), the President may— (1) determine that such title should no longer apply to Kazakhstan; and (2) after making a determination under paragraph (1) with respect to Kazakhstan, proclaim the extension of nondiscriminatory treatment (normal trade relations treatment) to the products of Kazakhstan. (b) Termination of Applicability of Title IV On and after the date on which the President extends nondiscriminatory treatment to the products of Kazakhstan pursuant to subsection (a), title IV of the Trade Act of 1974 ( 19 U.S.C. 2431 et seq. ) shall cease to apply to Kazakhstan.