S.408 - Presidential Trade Transparency Act of 2017115th Congress (2017-2018)
|Sponsor:||Sen. Wyden, Ron [D-OR] (Introduced 02/16/2017)|
|Committees:||Senate - Finance|
|Latest Action:||02/16/2017 Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S1306) (All Actions)|
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Summary: S.408 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in Senate (02/16/2017)
Presidential Trade Transparency Act of 2017
This bill requires the President to submit to Congress a report containing a full and complete statement of the President's income earned, assets held, and liabilities owed in the preceding 12 months that are associated with a foreign country:
- with which the United States is negotiating a trade or investment agreement,
- that is subject to a presidential trade enforcement action determination modifying the tariff treatment of imported articles from such country, or
- that is designated as eligible for preferential trade treatment under a trade preference program.
If the President fails to report such information to Congress:
- any instrument providing for the modification of such tariff treatment shall have no force or effect, and
- the bill implementing such a trade or investment agreement shall not be eligible for trade authorities (fast track) procedures under the Bipartisan Congressional Trade Priorities and Accountability Act of 2015.