Us Congress 2023-2024 Regular Session

Us Congress House Bill HR440

Introduced
5/24/23  

Caption

Expressing the sense of the House of Representatives that the benefits of global trade improve the lives of Americans and American communities by fostering a more inclusive, resilient, and prosperous economy.

Impact

The resolution notes that small and medium-sized enterprises, which account for about 98% of all U.S. exporting companies, significantly contribute to the U.S. economy. By fostering strong bilateral and multilateral trade relations, HR440 aims to ensure that American workers and businesses can compete effectively in global markets. Additionally, through mechanisms like 'friendshoring', the bill emphasizes the importance of creating more resilient supply chains capable of withstanding international disruptions, which is crucial for national economic stability and security.

Summary

House Resolution 440 expresses the House of Representatives' support for international trade and recognizes its crucial role in enhancing the lives of Americans and the robustness of the American economy. The resolution underscores the benefits that trade brings to American businesses and consumers, highlighting how it raises living standards, provides affordable goods and services, and supports job creation. In 2021, for instance, exports alone supported over nine million jobs in the United States, a testament to the impactful connection between trade and employment.

Contention

While the resolution highlights the positive aspects of global trade, it indirectly opens discussions about the potential downsides and challenges associated with globalization, such as job displacement in certain sectors and reliance on foreign markets. Critics may raise concerns about protecting domestic industries while promoting trade, and ensuring that the benefits of trade are distributed equitably among all American communities. These nuances underscore the complexity of trade policy and the need for balanced approaches that safeguard workers' rights while also engaging with international partners.

Companion Bills

No companion bills found.

Previously Filed As

US HR270

Expressing the sense of the House of Representatives that the United States should negotiate strong, inclusive, and forward-looking rules on digital trade and the digital economy with like-minded countries as part of its broader trade and economic strategy in order to ensure American values of democracy, rule of law, freedom of speech, human and worker rights, privacy, and a free and open internet are at the very core of digital governance.

US HR449

Expressing the sense of the House of Representatives on the value of a tax agreement with Taiwan.

US HR460

Expressing the sense of the House of Representatives that the Congress should enact the Older Americans Bill of Rights to establish that older Americans should have the right to live with dignity and with independence.

US HR45

Expressing the sense of the House of Representatives that New York State's Concealed Carry Improvement Act is unconstitutional.

US HR322

Expressing the sense of the House of Representatives on Ukrainian victory.

US HR339

Expressing the sense of the House of Representatives that an "all-of-the-above" energy strategy is the most viable approach to energy policy.

US HR332

Expressing the sense of the House of Representatives on Ukrainian victory.

US HR378

Expressing the sense of the House of Representatives supporting the Federal workforce.

US HR124

Expressing the sense of the House of Representatives that the United States should support the expansion of domestic nuclear energy and advanced nuclear technology as a viable source of power in order to promote United States nuclear energy leadership and global energy independence.

US HR481

Expressing the sense of the House of Representatives that BridgeUSA exchange programs are vital to the economy and national interests of the United States, and that Congress should prioritize robust support to ensure equitable opportunities for Americans and people from other countries.

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