trade bill

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trade bill

Congress is debating a new trade bill this session.

Definition

Noun: 1. A legislative proposal or enacted law designed to regulate international commerce: A "trade bill" is a formal piece of legislation, either proposed or passed into law, that establishes rules, tariffs, quotas, or other conditions governing the exchange of goods and services between a country and other nations.

Usage
  • The term is used in political, economic, and journalistic contexts to discuss legislative actions affecting imports, exports, and foreign trade policy.
  • It typically refers to a specific, named piece of legislation (e.g., "the 2024 Trade Facilitation Bill").
Examples
  • Noun:
    • The senator introduced a new trade bill aimed at reducing barriers with Asian markets.
    • Congress is debating the controversial trade bill, which could impact thousands of manufacturing jobs.
    • After months of negotiation, the trade bill finally passed and was signed into law by the President.
Advanced Usage
  • "To draft a trade bill": To write the initial text of a proposed trade law.
    • A bipartisan committee was formed to draft a trade bill.
  • "A trade bill is pending": A trade bill has been proposed but not yet voted on or enacted.
    • Several key trade bills are pending before the legislative body.
Variants and Related Words
  • Trade agreement (n): A broader term that can refer to a treaty or pact between countries, which may or may not be enacted domestically via a trade bill. A trade bill often implements aspects of a trade agreement.
  • Tariff bill (n): A type of trade bill specifically focused on imposing or adjusting taxes on imports.
  • Legislation (n): The general process of making laws or the laws themselves.
Synonyms
  • Commercial legislation
  • Foreign trade statute
Related Phrases
  • To vote on a trade bill: To formally cast a vote for or against the bill.
    • The assembly will vote on the trade bill next week.
  • Provisions of a trade bill: The specific clauses and rules contained within the bill.
    • The provisions of the new trade bill include stricter labeling requirements.
trade bill

Congress is debating a new trade bill this session.

Noun
  1. a statute that would regulate foreign trade