H.R.3905 - New Partnership for Development Act of 2007110th Congress (2007-2008)
|Sponsor:||Rep. McDermott, Jim [D-WA-7] (Introduced 10/18/2007)|
|Committees:||House - Financial Services; Foreign Affairs; Ways and Means|
|Latest Action:||03/25/2008 Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.|
This bill has the status Introduced
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Subject — Policy Area:
- Foreign Trade and International Finance
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Summary: H.R.3905 — 110th Congress (2007-2008)All Bill Information (Except Text)
Introduced in House (10/18/2007)
New Partnership for Development Act of 2007 - Amends the Trade Act of 1974 to require the President to provide for the duty-free treatment of articles (without quantitative limitation) from qualified beneficiary countries that have been designated: (1) a least developed country (except Myanmar and Sudan); and (2) a sub-Saharan African country. (Effectively, providing an additional trade preference program for least developed countries.)
Prohibits designation of a country as a qualified beneficiary country, and terminates such country's eligibility for preferential treatment, if it has: (1) not adopted and enforced certain human rights and fair labor practices; (2) failed to make progress to eliminate trade barriers and to establish a market-based economy and the rule of law; and (3) engaged in gross violations of internationally-recognized human rights.
Prescribes requirements regarding: (1) rules of origin; (2) significant apparel suppliers; and (3) safeguards against the transshipment of textiles and apparels.
Imposes additional duties, under specified conditions, on certain agricultural safeguard goods.
Expresses the sense of Congress: (1) concerning the importance of the Generalized System of Preferences program; and (2) that preferential treatment provided under this Act can be improved if India, the People's Republic of China, and Organization for Economic Cooperation and Development countries provide market access similar to that provided under this Act.
Amends the Foreign Assistance Act of 1961 to establish: (1) an Office of Trade and Competitiveness for Least Developed Countries within the U.S. Agency for International Development; and (2) a workforce competitiveness program for least developed countries.
Establishes an Aid for Trade Fund.