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A resolution promoting stronger economic relations between the United States and countries in Latin America and the Caribbean.

USA117th CongressSRES-661| Senate 
| Updated: 6/7/2022
Robert Menendez

Robert Menendez

Democratic Senator

New Jersey

Cosponsors (4)
Christopher A. Coons (Democratic)Todd Young (Republican)Tim Kaine (Democratic)Bill Hagerty (Republican)

Foreign Relations Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This resolution recognizes that increased tensions between the United States and China and the COVID-19 pandemic have exposed severe vulnerabilities attributable to overreliance by the United States and other countries on supply chains based solely or mainly in China. The resolution emphasizes that nearshoring in Latin America and the Caribbean, relative to relying on supply chains in other geographic regions, has the greatest potential to contribute to the economic prosperity and security of the United States while also advancing the post-pandemic economic recovery of countries in the Western Hemisphere. Nearshoring is the practice of transferring a business operation to a nearby country, especially in preference to a more distant one. The resolution encourages the U.S. Agency for International Development and the U.S. International Development Finance Corporation to strengthen programmatic support for initiatives likely to facilitate the relocation of global supply chains to the Western Hemisphere. The resolution also calls for governments in Latin America and the Caribbean to increase opportunities for nearshoring in the region. Finally, the resolution urges the Department of State to take a leading role in advancing nearshoring in Latin America and the Caribbean.
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Timeline
Jun 7, 2022
Introduced in Senate
Jun 7, 2022
Referred to the Committee on Foreign Relations. (text: CR S2815-2816)
Nov 17, 2022

Latest Companion Bill Action

HRES 117-1480
Referred to the Subcommittee on Consumer Protection and Commerce.
  • June 7, 2022
    Introduced in Senate


  • June 7, 2022
    Referred to the Committee on Foreign Relations. (text: CR S2815-2816)


  • November 17, 2022

    Latest Companion Bill Action

    HRES 117-1480
    Referred to the Subcommittee on Consumer Protection and Commerce.

International Affairs

Related Bills

  • HRES 117-1480: Promoting stronger economic relations between the United States and countries in Latin America and the Caribbean.
AsiaCardiovascular and respiratory healthCaribbean areaChinaCompetitiveness, trade promotion, trade deficitsEmergency medical services and trauma careEnergy efficiency and conservationEnvironmental regulatory proceduresForeign aid and international reliefGovernment ethics and transparency, public corruptionHuman rightsInfectious and parasitic diseasesLabor standardsLatin AmericaManufacturingMultilateral development programsRule of law and government transparencySovereignty, recognition, national governance and statusU.S. and foreign investmentsWestern Hemisphere

A resolution promoting stronger economic relations between the United States and countries in Latin America and the Caribbean.

USA117th CongressSRES-661| Senate 
| Updated: 6/7/2022
This resolution recognizes that increased tensions between the United States and China and the COVID-19 pandemic have exposed severe vulnerabilities attributable to overreliance by the United States and other countries on supply chains based solely or mainly in China. The resolution emphasizes that nearshoring in Latin America and the Caribbean, relative to relying on supply chains in other geographic regions, has the greatest potential to contribute to the economic prosperity and security of the United States while also advancing the post-pandemic economic recovery of countries in the Western Hemisphere. Nearshoring is the practice of transferring a business operation to a nearby country, especially in preference to a more distant one. The resolution encourages the U.S. Agency for International Development and the U.S. International Development Finance Corporation to strengthen programmatic support for initiatives likely to facilitate the relocation of global supply chains to the Western Hemisphere. The resolution also calls for governments in Latin America and the Caribbean to increase opportunities for nearshoring in the region. Finally, the resolution urges the Department of State to take a leading role in advancing nearshoring in Latin America and the Caribbean.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jun 7, 2022
Introduced in Senate
Jun 7, 2022
Referred to the Committee on Foreign Relations. (text: CR S2815-2816)
Nov 17, 2022

Latest Companion Bill Action

HRES 117-1480
Referred to the Subcommittee on Consumer Protection and Commerce.
  • June 7, 2022
    Introduced in Senate


  • June 7, 2022
    Referred to the Committee on Foreign Relations. (text: CR S2815-2816)


  • November 17, 2022

    Latest Companion Bill Action

    HRES 117-1480
    Referred to the Subcommittee on Consumer Protection and Commerce.
Robert Menendez

Robert Menendez

Democratic Senator

New Jersey

Cosponsors (4)
Christopher A. Coons (Democratic)Todd Young (Republican)Tim Kaine (Democratic)Bill Hagerty (Republican)

Foreign Relations Committee

International Affairs

Related Bills

  • HRES 117-1480: Promoting stronger economic relations between the United States and countries in Latin America and the Caribbean.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
AsiaCardiovascular and respiratory healthCaribbean areaChinaCompetitiveness, trade promotion, trade deficitsEmergency medical services and trauma careEnergy efficiency and conservationEnvironmental regulatory proceduresForeign aid and international reliefGovernment ethics and transparency, public corruptionHuman rightsInfectious and parasitic diseasesLabor standardsLatin AmericaManufacturingMultilateral development programsRule of law and government transparencySovereignty, recognition, national governance and statusU.S. and foreign investmentsWestern Hemisphere