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H.R. 4068 (115th): Competitive Need Limitations Modernization Act of 2017

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Oct 12, 2017.


Competitive Need Limitations Modernization Act of 2017

This bill amends the Trade Act of 1974 to revise the competitive need limitation review process by: (1) modifying the deadline for the review process, and (2) establishing the relevant domestic production time frame for such review as within the preceding three years (currently on January 1, 1995). (The competitive need limitation terminates duty-free treatment with respect to articles from a beneficiary developing country if certain import limits are exceeded.)