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H.R. 2973 (98th): An act to promote economic revitalization and facilitate expansion of economic opportunities in the Caribbean Basin region, to provide for backup withholding of tax from interest and dividends, and for other purposes.


About the bill

Source: Wikipedia

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 ...

Sponsor and status

Introduced
May 11, 1983
98th Congress (1983–1984)
Status

Enacted — Signed by the President on Aug 5, 1983

This bill was enacted after being signed by the President on August 5, 1983.

Law
Pub.L. 98-67
Sponsor

Andrew Jacobs Jr.

Representative for Indiana's 10th congressional district

Democrat

Text

Read Text »
Last Updated: Aug 5, 1983

Source

History

May 11, 1983
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

May 12, 1983
 
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.

May 17, 1983
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

Jun 16, 1983
 
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.

Jul 28, 1983
 
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.

Aug 5, 1983
 
Enacted — Signed by the President

The President signed the bill and it became law.

Aug 5, 1983
 
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 enacted 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. October 30, 2020 <https://www.govtrack.us/congress/bills/98/hr2973>

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