Sen. Donnelly Introduces Bill to Modernize GSP Waiver Process
Sen. Joe Donnelly, D-Ind., on Oct. 31 introduced the Competitive Need Limitations Modernization Act of 2017, which would peg Generalized System of Preferences 504(d) waiver approvals to present-day production statistics. Under the 504(d) process, not the standard waiver process, CNL…
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waivers are automatically granted for a list of products not made in the U.S. as of Jan. 1, 1995, but only if a CNL would be based solely on imports of a good from a specific country exceeding 50 percent of the value of total imports of that good into the U.S. during any calendar year after 1995. Donnelly’s bill would instead make the granting of 504(d) waivers contingent on the absence of domestic production in any of the three calendar years preceding the date of import. The bill would also change the yearly deadline for the executive branch to issue and revoke CNL waivers, from July 1 to Oct. 15.