H.R. 1024 · Where this bill is now
In committee
Introduced in the House, sent to the Committee on Ways and Means, Feb 5, 2025
What this bill does
In plain words · AI-written from the official summaryOpens permanent normal trade with Kazakhstan
This bill lets the President decide that an old trade restriction from 1974 no longer applies to Kazakhstan. Right now, Kazakhstan has temporary trade status that gets reviewed every year. The bill would allow the President to give Kazakhstan permanent normal trade status instead, removing the need for annual reviews.
How it affects you
If you're in a business that trades with Kazakhstan or relies on Kazakh goods or materials, this could make those transactions simpler and more predictable by removing yearly uncertainty. For most Americans not involved in international trade with Kazakhstan, this change happens mostly behind the scenes in trade policy.
Read the official summary (Introduced in House, Feb 5, 2025)
US-Kazakhstan Trade Modernization Act
This bill addresses trade between the United States and Kazakhstan.
Specifically, the bill authorizes the President to determine that Section 402 of the Trade Act of 1974 (commonly known as the Jackson-Vanik amendment) does not apply to Kazakhstan. The Jackson-Vanik amendment denies normal trade relations (NTR) status to some current and former nonmarket economy countries unless they comply with certain freedom-of-emigration requirements. Under a provision of this amendment, the President may extend NTR status to a country affected by the amendment by waiving the freedom-of-emigration requirements or determining that the country is not in violation of those requirements, subject to an annual review. Kazakhstan has received temporary NTR status since 1992.
Additionally, the bill authorizes the President to extend permanent NTR status to Kazakhstan.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 1024
A BILL
US-Kazakhstan Trade Modernization Act
Sponsor: Rep. Jimmy Panetta (D-CA-19) · Introduced Feb 5, 2025 · Foreign Trade and International Finance · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Feb 5, 2025: “Referred to the House Committee on Ways and Means.”