U.S. House passes trade legislation

H.R. 4521, the America COMPETES Act of 2022 was passed by the U.S. House of Representatives

U.S. House passes H.R. 4521, the America COMPETES Act of 2022

The U.S. House of Representatives today passed H.R. 4521, the America COMPETES Act of 2022—legislation that includes provisions addressing the United States-China trading relationship as well as other general trade measures.

House passage is just one step in the legislative process. The bill must be passed by the Senate and signed by the president before it can become law. Previously, the Senate in June 2021 approved legislation—S. 1260 the “United States Innovation and Competition Act (USICA)”—addressing similar supply chain and competition issues. Read TradeNewsFlash

Read text [PDF 6.1 MB] of the bill.

The trade title of the bill—the American Worker and Trade Competitiveness Act—includes provisions that would:

  • Reauthorize and modernize Trade Adjustment Assistance (TAA) programs
  • Extend and reform the Generalized System of Preferences (GSP) by adding a new environmental requirement and updating the labor criteria to align with trade agreements
  • Extend the Miscellaneous Tariff Bill (MTB) legislation and eliminate or reduce duties on certain imports
  • Strengthen U.S. international trade laws to prevent “unfairly traded goods” from exploiting the de minimis import threshold
  • Authorize the U.S. Trade Representative (USTR) to take strategic steps to improve supply chain resiliency
  • Strengthen U.S. anti-dumping and countervailing duty laws to protect U.S. workers and to address China’s anti-free market trade practices that distort the global market
  • Reaffirm the U.S. government’s commitment to the World Trade Organization (WTO)
  • Allow U.S. Customs and Border Protection (CBP) to update its staffing model “to better respond to the challenges of the modern trading system”

For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:

Doug Zuvich
Partner and Global Practice Leader
T: 312-665-1022
E: dzuvich@kpmg.com

John L. McLoughlin
Principal and East Coast Leader
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E: jlmcloughlin@kpmg.com

Andy Siciliano
Partner and National Practice Leader
T: 631-425-6057
E: asiciliano@kpmg.com

Steve Brotherton
Principal and Global Export and Sanctions Leader
T: 415-963-7861
E: sbrotherton@kpmg.com

Luis (Lou) Abad
Principal, Washington National Tax
T: 212-954-3094
E: labad@kpmg.com

Irina Vaysfeld
T: 212-872-2973
E: ivaysfeld@kpmg.com

Amie Ahanchian
T: 202-533-3247
E: aahanchian@kpmg.com

Christopher Young
T: 312-665-3229
E: christopheryoung@kpmg.com

Gisele Belotto
T: 305-913-2779
E: gbelotto@kpmg.com

George Zaharatos
T: 404-222-3292
E: gzaharatos@kpmg.com

Andy Doornaert
Managing Director
T: 313-230-3080
E: adoornaert@kpmg.com

Jessica Libby
T: 612-305-5533
E: jlibby@kpmg.com


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