Promoting stronger economic relations between the United States and countries in Latin America and the Caribbean.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Nov 16, 2022)
This resolution recognizes that increased tensions between the United States and China and the COVID-19 pandemic have exposed severe vulnerabilities attributable to overreliance by the United States and other countries on supply chains based solely or mainly in China.
The resolution emphasizes that nearshoring in Latin America and the Caribbean, relative to relying on supply chains in other geographic regions, has the greatest potential to contribute to the economic prosperity and security of the United States while also advancing the post-pandemic economic recovery of countries in the Western Hemisphere. Nearshoring is the practice of transferring a business operation to a nearby country, especially in preference to a more distant one.
The resolution encourages the U.S. Agency for International Development and the U.S. International Development Finance Corporation to strengthen programmatic support for initiatives likely to facilitate the relocation of global supply chains to the Western Hemisphere.
The resolution also calls for governments in Latin America and the Caribbean to increase opportunities for nearshoring in the region.
Finally, the resolution urges the Department of State to take a leading role in advancing nearshoring in Latin America and the Caribbean.
What just happenedNov 17, 2022
Referred to the Subcommittee on Consumer Protection and Commerce.
Who’s behind it
- Introduced in HouseNov 16, 2022
- Nov 17, 2022Committee
Referred to the Subcommittee on Consumer Protection and Commerce.
Innovation, Data, and Commerce Subcommittee - Nov 16, 2022IntroReferralH11100
Referred to the Committee on Foreign Affairs, and in addition to the Committee on Energy and Commerce, 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.
Energy and Commerce Committee - Nov 16, 2022IntroReferralH11100
Referred to the Committee on Foreign Affairs, and in addition to the Committee on Energy and Commerce, 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.
Foreign Affairs Committee - Nov 16, 2022IntroReferralIntro-H
Introduced in House
- Nov 16, 2022IntroReferral1000
Introduced in House