Americas Act
A BILL
To establish a regional trade, investment, and people-to-people partnership of countries in the Western Hemisphere to stimulate growth and integration through viable long-term private sector development, and for other purposes.
Sec. 2 Definitions
In this Act:
Americas partner country— The term Americas partner country means a county that has entered into a partnership agreement under section 201.
Americas program— The term Americas program means the provision of assistance to and other activities relating to Americas partner countries under title II or amendments made by title II.
BUILD Americas Unit— The term BUILD Americas Unit means the unit of the United States International Development Finance Corporation established under section 1416 of the BUILD Act of 2018, as added by section 252.
Near-shore— The term near-shore—
with respect to an entity, means to move not less than the equivalent of 2/3 of the operations of the entity from the People's Republic of China to one or more Americas partner countries or other countries as provided for under title II; and
with respect to a good or service, means to move not less than the equivalent of 2/3 of the production of the good or service from the People's Republic of China to such countries.
Re-shore— The term re-shore—
with respect to an entity, means to move not less than the equivalent of 2/3 of the operations of the entity from the People's Republic of China to the United States; and
with respect to a good or service, means to move not less than the equivalent of 2/3 of the production of the good or service from the People's Republic of China to the United States.
United States business— The term United States business means an entity—
organized under the laws of the United States or any jurisdiction within the United States;
with its headquarters based in the United States (as determined on the date that is 180 days after the date of the enactment of this Act); and
with more than 25 percent of its business inside the United States.
United States person—
In general— The term United States person means—
an individual who is a citizen or resident of the United States; or
an entity organized under the laws of the United States or any jurisdiction within the United States.
Resident— For purposes of subparagraph (A)(i), an individual is a resident of the United States if the individual is authorized to be employed in the United States.
USMCA— The term USMCA has the meaning given that term in section 3 of the United States-Mexico-Canada Agreement Implementation Act (19 U.S.C. 4502).
USMCA country— The term USMCA country has the meaning given that term in section 202(a) of the United States-Mexico-Canada Agreement Implementation Act (19 U.S.C. 4531(a))).