About the bill
Caribbean Basin Economic Recovery Act of 1983 (CBERA) — P.L. 98-67 (August 5, 1983), Title II, authorized unilateral preferential trade and tax benefits for eligible Caribbean countries, including duty-free treatment of eligible products. Often referred to as the Caribbean Basin Initiative (CBI). Amended several times, the last substantive revisions were made in the Caribbean Basin Economic Recovery Expansion Act of 1990 (P.L. 101-382, Title II, August 20, 1990). This made trade benefits permanent (repealing the September 30, 1995 termination date). The law gives preferential trade and tax benefits for eligible Caribbean countries, including duty-free entry of eligible products. To be eligible, an article must be a product of a beneficiary country and imported directly from it, and at least 35% of its import value must have originated in one or …
Sponsor and status
98th Congress (1983–1984)
Enacted — Signed by the President on Aug 5, 1983
This bill was enacted after being signed by the President on August 5, 1983.
Read Text »
Last Updated: Aug 5, 1983
7 Cosponsors (6 Democrats, 1 Republican)
History
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May 11, 1983
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Introduced
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
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May 12, 1983
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Ordered Reported
A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.
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May 17, 1983
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Passed House (Senate next)
The bill was passed in a vote in the House. It goes to the Senate next.
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Jun 16, 1983
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Passed Senate with Changes (back to House)
The Senate passed the bill with changes not in the House version and sent it back to the House to approve the changes.
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Jul 28, 1983
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Conference Report Agreed to by Senate (House next)
A conference committee was formed, comprising members of both the House and Senate, to resolve the differences in how each chamber passed the bill. The Senate approved the committee's report proposing the final form of the bill for consideration in both chambers. The House must also approve the conference report.
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Aug 5, 1983
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Enacted — Signed by the President
The President signed the bill and it became law.
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Aug 5, 1983
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Text Published
Updated bill text was published as of Passed Congress. |
H.R. 2973 (98th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 2973. This is the one from the 98th Congress.
This bill was introduced in the 98th Congress, which met from Jan 3, 1983 to Oct 12, 1984. Legislation not passed by the end of a Congress is cleared from the books.
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“H.R. 2973 — 98th Congress: An act to promote economic revitalization and facilitate expansion of economic opportunities in the Caribbean ….” www.GovTrack.us. 1983. June 1, 2023 <https://www.govtrack.us/congress/bills/98/hr2973>
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