"Putin's regime is wicked and the best message we can send him is to pass PNTR legislation with overwhelming bipartisan support," Schumer, Democratic Party senator from New York, was quoted as saying by a global newswire.
This bill suspends normal trade relations with Russia and Belarus. It also permanently authorises the US president to impose visa- and property-blocking sanctions based on violations of human rights, and it revises the President's authority to impose these sanctions.
Specifically, the bill authorises the president to proclaim increases in the rates of duty applicable to products of Russia or Belarus. This authority terminates on January 1, 2024.
The president may restore normal trade relations with Russia and Belarus, subject to congressional disapproval.
The bill directs the US trade representative to take certain actions, including to consider steps to suspend Russia's participation in the World Trade Organisation and seek to halt the accession process of Belarus.
Additionally, the bill statutorily authorises broader coverage of current visa- and property-blocking sanctions for human rights violations to cover persons involved in serious human rights abuses.
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