New legislation proposed by Florida Representative María Elvira Salazar is now up for review following a press conference yesterday at the House of Representatives.
The bipartisan Americas Trade and Investment Act aims to expand the United States economy, bring more jobs to Latin America and the Caribbean, and diminish China’s heavy influence on the Western hemisphere’s trade market.
The act also provides U.S. allies in Latin America the chance to join the USMCA, the free trade agreement between the United States, Mexico and Canada.
“The Americas Act will give $60 billion in loans and $10 billion in tax incentives, to start with, to help those American companies to come back to this hemisphere,” said Salazar.
