U.S. House passes bill suspending normal trade relations with Russia and Belarus
The bill next must be considered and passed by the Senate and then signed by the president before it can become law.
Suspending normal trade relations with Russia and Belarus
The U.S. House of Representatives passed H.R. 7108, the Suspending Normal Trade Relations with Russia and Belarus Act.
Read text of the bill
According to a Ways and Means release, the legislation includes additional provisions that would expand U.S. trade tools to stop Russia’s war on Ukraine and to hold Belarus accountable for its involvement.
The legislation, if enacted, would:
- Provide the president with time-limited authority to increase tariffs on products of Russia and Belarus, until January 1, 2024
- Require the U.S. Trade Representative to use “the voice and influence of the United States” to seek suspension of Russia’s participation in the World Trade Organization (WTO) and to halt Belarus’ WTO accession and accession-related work
- Provide the president with the authority to restore normal trade relations with Russia and Belarus if these countries have ceased their acts of aggression against Ukraine and other certain conditions are met, but granting Congress the authority to overrule such a decision through a congressional disapproval process
With House passage, the bill next must be considered and passed by the Senate and then signed by the president before it can become law.
For more information, contact a professional with KPMG’s Trade & Customs services:
John L. McLoughlin
Luis (Lou) Abad
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