1. Short title
This Act may be cited as the “Playing Fair on Trade and Innovation Act”.
Playing Fair on Trade and Innovation Act
A BILL
To amend the bases for ineligibility for designation of countries as beneficiary developing countries under title V of the Trade Act of 1974, and for other purposes.
2. Designation of beneficiary developing countries under the Generalized System of Preferences program
Countries ineligible for designation— Section 502(b)(2) of the Trade Act of 1974 (19 U.S.C. 2462(b)(2)) is amended—
by inserting after subparagraph (H) the following new subparagraphs:
“(I) Such country fails to provide adequate and effective protection for intellectual property rights.
“(J) Such country maintains local content requirements, other than requirements that apply only to the procurement by governmental agencies of products purchased for governmental purposes and not with a view to commercial resale or with a view to use in the production of goods for commercial sale.”
in the matter following subparagraph (J) (as added by paragraph (1) of this subsection)—
by striking “and (H)” and inserting “(H)”; and
by striking “shall not” and inserting “, (I), and (J) shall not”.
Factors affecting country designation— Section 502(c) of the Trade Act of 1974 (19 U.S.C. 2462(c)) is amended—
by striking paragraph (5); and
by redesignating paragraphs (6) and (7) as paragraphs (5) and (6), respectively.
Effective date— This section takes effect on the date of the enactment of this Act and applies with respect to the designation of any country as a beneficiary developing country under title V of the Trade Act of 1974 on or after such date of enactment.