To amend the Trade Act of 1974 to modify and extend the Generalized System of Preferences, and for other purposes.

S. 4784/ H.R. 8884 - The Generalized System of Preferences (GSP), a tariff relief program, was set to and did expire December 31, 2020. The GSP, established by the Trade Act of 1974, provides duty relief on products from participating developing countries to promote economic development. NACD supported Senator Chuck Grassley (R-IA)s bill, S. 4784, which would have given a short-term clean extension of the program, allowing for more time to negotiate changes to the GSP as well as avoiding a lapse in the program. NACD did not support H.R. 8884, Representative Earl Blumenauer (D-OR)s bill. Miscellaneous Tariff Bill (MTB) - The Miscellaneous Tariff Bill, also a tariff relief programs, was set to and did expire on December 31, 2020. The MTB is a trade program facilitated by the U.S. International Trade Commission that provides duty relief on imports that cannot be domestically produced. NACD supported the renewal of the MTB. China Section 301 tariffs - USTR has implemented three China import tariff lists. List 1 and 2 remain in effect, and List 3 has been projected to go from 10% to 25%, but President Trump has twice postponed as the U.S. and China continue trade talks. NACD supports legislation by Senators James Lankford (R-OK) and Chris Coons (D-DE) and Representatives Ron Kind (D-WI) and Jackie Walorski (R-IN) who have introduced the Import Tax Relief Act (H.R 1452, S. 577), which directs USTR to provide a tariff exclusion process for tranche 3 301 tariffs. NACD supports The Bicameral Congressional Trade Authority Act (H.R. 940, S. 287), legislation that withdraws tariff authority from the executive branch and returns it to Congress, has also been introduced by Representatives Mike Gallagher (R-WI) and Ron Kind (D-WI) and Senators Pat Toomey (R-PA) and Mark Warner (D-VA). United States-Mexico-Canada Agreement (USMCA) - All three countries signed the new NAFTA 2.0 November 30, 2018. Congressional approval is required for the new USMCA. The International Trade Commission was expected to release its USMCA economic impact findings report on April 19, 2019. NACD supported passage of USMCA when the clock started for Congress to have 90 congressional calendar days to respond. NACD supported the passage of the compromised USMCA trade deal in the House and Senate. H.R. 940/ S. 287 - Bicameral Congressional Trade Authority Act of 2019: This legislation proposes amending the Trade Expansion Act of 1962 to require congressional approval before the president adjusts imports that are determined to threaten or impair national security. Article I of the Constitution assigns the Congress exclusive authority to regulate foreign trade and levy taxes, including tariffs. U.S. business and agriculture communities are deeply concerned that the presidents unrestricted imposition of tariffs may not be in the national interest. NACD supports this legislation. S. 899 /H.R. 3477- Reclaiming Congressional Trade Authority Act of 2019: This legislation proposes to limit the authority of the president to modify duty rates for national security reasons and to limit the authority of the United States Trade Representative to impose certain duties or import restrictions and for other purposes.NACD supports this legislation. NACD continued to advocate for business relief measures to be included as part of the text in any upcoming coronavirus emergency relief package including tariff eliminations or deferrals.