H.R.3904 - U.S. Bicycle Production and Assembly Act (119th Congress)
Summary
H.R.3904, the U.S. Bicycle Production and Assembly Act, aims to temporarily modify tariff rates on bicycle parts imported for assembly and manufacturing in the United States. The bill seeks to incentivize domestic bicycle production by reducing the cost of imported components. It also mandates a report from the United States International Trade Commission on the effectiveness of these tariff modifications.
Expected Effects
The bill, if enacted, would likely lead to a decrease in the cost of bicycle manufacturing in the U.S. This could potentially increase domestic bicycle production and create more jobs in the assembly and manufacturing sectors. The temporary tariff suspension is designed to encourage growth in the U.S. bicycle industry.
Potential Benefits
- Reduced costs for bicycle manufacturers in the U.S.
- Potential increase in domestic bicycle production.
- Possible job creation in the bicycle assembly and manufacturing sectors.
- Increased competitiveness of U.S.-made bicycles.
- Could lead to lower prices for consumers.
Potential Disadvantages
- Potential loss of tariff revenue for the U.S. government.
- Possible shift in sourcing of bicycle parts, potentially impacting foreign suppliers.
- The effectiveness of the tariff suspension depends on manufacturers passing savings to consumers and investing in domestic production.
- The report mandated by the bill adds an administrative burden.
- The temporary nature of the tariff suspension may create uncertainty for businesses.
Constitutional Alignment
The bill aligns with the Commerce Clause (Article I, Section 8, Clause 3) of the U.S. Constitution, which grants Congress the power to regulate commerce with foreign nations. By modifying tariff rates, the bill directly exercises this power to influence international trade in bicycle parts. The bill does not appear to infringe upon any other constitutional provisions or amendments.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).