The House of Representatives unveiled the America COMPETES Act, its take on the Senate’s U.S. Innovation and Competition Act, which passed that chamber in June. House leaders expect passage by March 1, at which point it will move to conference committee to reconcile the two versions.

Several differences exist in addressing the Generalized System of Preferences, the Miscellaneous Tariff Bill, and, most notably, Section 301 tariff exclusions. The House bill contains no language on Section 301 exclusions, while the Senate bill introduces new terms for exclusions to be enacted without 120 days after passage of the bill. It would reinstate all ... Log in to view full article.