Plain Language Summary
# UNITED Act Summary **What It Does:** The UNITED Act would authorize the President to negotiate and enter into a comprehensive trade agreement with the United Kingdom. This authority would allow the President to negotiate changes to tariffs (taxes on imports) and other trade barriers affecting American industries, products, and services. The President could also modify existing tariffs or duty rates to implement any resulting trade deal. This authority would expire on March 1, 2029. **Who It Affects:** This bill affects American businesses that trade with or compete against UK imports, workers in affected industries, and consumers who buy imported goods.
It also gives the President significant negotiating power in U.S.-UK trade relations. **Key Requirements:** The bill includes congressional oversight measures—the President must consult with and notify Congress before entering into an agreement or making tariff changes, ensuring lawmakers have a say in major trade decisions. **Current Status:** The bill is currently in committee (S. 776) and has not yet been voted on. It was introduced by Senator Christopher Coons (D-Delaware) in the 119th Congress.
CRS Official Summary
Undertaking Negotiations on Investment and Trade for Economic Dynamism Act or the UNITED ActThis bill grants certain authorities to the President for entering into a comprehensive trade agreement between the United States and the United Kingdom (UK).Specifically, the bill directs the President to seek to initiate negotiations with the UK regarding tariff and nontariff barriers affecting any industry, product, or service sector.The bill authorizes the President to enter into a comprehensive trade agreement with the UK, with such authority expiring on March 1, 2029. Further, the President may proclaim a modification or continuance of any existing duty or a continuance of existing excise or duty-free treatment to carry out an agreement, with certain limitations.The bill also requires the President to consult with and notify Congress regarding the intention of the President to enter into an agreement or make a proclamation.
Latest Action
Read twice and referred to the Committee on Finance.