Miller Introduces the Expedited Review of Products for GSP Act

Washington D.C. - Congresswoman Miller (R-WV) introduced the Expedited Review of Products for GSP Act.This legislation would create an expedited process for stakeholders to petition the addition or removal of products from the Generalized System of Preferences (GSP) program. The International Trade Commission (ITC) will provide a report to Congress that will clearly lay out what products Congress should add or remove to best expand the program and protect American manufacturing. The bill has been included in the House Ways and Means Trade Subcommittee Chairman Adrian Smith's Generalized System of Preferences Reform Act, which will be marked up in the Ways and Means Committee on April 17^th.

"GSP is one of the most important trade programs that the United States has developed, and it is essential for providing fairly priced products while helping developing countries grow their economies. The Biden Administration's inaction on trade has severely weakened our standing amongst once key trading partners, therefore cracking the door open for the Chinese Communist Party to lead in global trade. That is unacceptable. The Expedited Review of Products for GSP Act renews our commitment to implementing trade policy that benefits the United States and our allies. This legislation is a necessary first step to ensure the United States leads the world in trade policy," said Congresswoman Miller.

Click here for bill text.

Background:

• The GSP Reform Act, introduced by Rep. Adrian Smith, would reauthorize the GSP program until December 31, 2030. GSP has not been reauthorized since it expired on December 31, 2020.
• Congress has the power to directly add products to the GSP program. The ITC delivering a report would allow for Congress to make knowledgeable decisions when adding products to the program and ensure no American production is harmed in the process.
• GSP is the largest and oldest U.S. trade preference program. Initially established by the Trade Act of 1974, GSP seeks to promote both the competitiveness of U.S. companies and economic development throughout the world by eliminating duties on a set list of products, not generally produced in the U.S. in commercially meaningful quantities, when imported from one of 119 designated beneficiary countries.

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