Summary: S.408 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.408. Bill summaries are authored by CRS.

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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.