United States HR 7579: Western Hemisphere Nearshoring Act

Bill Text

I 
117THCONGRESS 
2
DSESSION 
H. R. 7579 
To decrease dependency on People’s Republic of China manufacturing and 
decrease migration due to lost regional economic opportunities. 
IN  THE  HOUSE  OF  REPRESENTATIVES  
APRIL26, 2022 
Mr.  G
REENof  Tennessee  (for  himself,  Mr.  SIRES,  and  Mrs.  MILLER-MEEKS) 
introduced  the  following  bill;  which  was  referred  to  the  Committee  on  
Ways  and  Means,  and  in  addition  to  the  Committee  on  Foreign  Affairs,  
for  a  period  to  be  subsequently  determined  by  the  Speaker,  in  each  case  
for  consideration  of  such  provisions  as  fall  within  the  jurisdiction  of  the  
committee concerned 
A  BILL  
To decrease dependency on People’s Republic of China manu-
facturing  and  decrease  migration  due  to  lost  regional  
economic opportunities. 
Be  it  enacted  by  the  Senate  and  House  of  Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This  Act  may  be  cited  as  the  ‘‘Western  Hemisphere  4
Nearshoring Act’’. 5
SEC. 2. FINDINGS. 6
Congress finds the following: 7
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•HR  7579  IH
(1)  Our  neighbors  in  the  Western  Hemisphere  1
play  a  vital  role  in  ensuring  peace,  security,  and  de-2
mocracy. 3
(2)  Instability  and  lack  of  economic  opportuni-4
ties  in  the  region  are  major  drivers  of  migration  in  5
violation of the Immigration and Nationality Act. 6
(3)  According  to  the  United  States  Census  Bu-7
reau,  in  2021  the  United  States  exported  $174.62  8
billion worth of goods to Central and South America, 9
and imported $121 billion. 10
(4)  The  United  States  is  a  net  exporter  with  11
Central and South America. 12
(5)  Economic  growth  and  development  of  the  13
Western  Hemisphere  brings  essential  strength  and  14
stability to the region. 15
(6)  There  is  significant  opportunity  to  expand  16
the  free  flow  of  goods  and  services  in  the  Western  17
Hemisphere. 18
(7)    Closer    relations    among    the    Americas    19
through  free  trade  agreements  and  trade  liberaliza-20
tion  would  encourage  further  economic  development  21
and stability in the region. 22
(8)  The  United  States  should  exercise  its  influ-23
ence  to  encourage  privatization,  free  markets,  and  24
economic cooperation in the region. 25
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•HR  7579  IH
(9)  Countries  in  the  region  should  combat  cor-1
ruption,  strengthen  the  rule  of  law,  reduce  bureau-2
cratic  red  tape,  streamline  permitting,  and  embrace  3
free  market  principles  to  encourage  further  private  4
sector investment. 5
(10)  With  cooperation  from  the  United  States,  6
regional  countries  must  take  serious  steps  to  curb  7
migration  in  violation  of  the  Immigration  and  Na-8
tionality Act. 9
(11)   The   Western   Hemisphere   has   supply   10
chains  that  are  vulnerable  due  to  their  over  depend-11
ence on the People’s Republic of China. 12
(12)  Free  trade  and  expanded  commercial  ties  13
between  the  United  States  and  Western  Hemisphere  14
partners  will  foster  economic  and  commercial  co-15
operation,   increase   investment   opportunities,   de-16
crease  migration  in  violation  of  the  Immigration  and  17
Nationality  Act,  reduce  our  dependence  on  the  Peo-18
ple’s  Republic  of  China,  and  create  jobs  for  Amer-19
ican workers. 20
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SEC. 3. USE OF UNITED STATES INTERNATIONAL DEVELOP-1
MENT  FINANCE  CORPORATION  FUNDS  TO  FI-2
NANCE  MOVING  EXPENSES  AND  NECESSARY  3
WORKFORCE     DEVELOPMENT     COSTS     IN-4
CURRED  BY  COMPANIES  MOVING  FROM  THE  5
PEOPLE’S   REPUBLIC   OF   CHINA   TO   LATIN   6
AMERICA OR THE CARIBBEAN. 7
(a) U
SE OFFUNDS.— 8
(1)   I
N   GENERAL.—The   United   States   Inter-9
national  Development  Finance  Corporation,  in  co-10
ordination  with  relevant  Federal  agencies  (including  11
the  United  States  Trade  and  Development  Agency,  12
the  Export-Import  Bank  of  the  United  States,  the  13
United  States  Army  Corps  of  Engineers,  and  the  14
United   States   Agency   for   International   Develop-15
ment)  and  the  United  States  Executive  Directors  of  16
relevant  international  financial  institutions  (includ-17
ing  the  World  Bank  Group,  the  Inter-American  De-18
velopment   Bank,   and   the   International   Monetary   19
Fund),  shall  use  not  less  than  10  percent  of