Advises Americas partner countries on aligning regulations related to emerging technologies, including artificial intelligence. Coordinates with USMCA central regulatory bodies. Requires an annual report on business environments, highlighting investment opportunities and challenges.
Establishes a business advisory board under the Americas Partnership Secretariat to meet periodically and provide guidance.
Composes the board of representatives from private sector entities, civil society, and labor organizations from partner countries.
Allows the board to advise on issues including regulatory hurdles, labor issues, dispute resolution, legal investment hurdles, and alignment on regulations related to emerging technologies like artificial intelligence.
Requires coordination with central regulatory bodies as outlined in the USMCA.
Mandates the board to submit an annual report on the business environment, highlighting opportunities and challenges to investment in partner countries.
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Key facts
🏛️ This document was proposed and/or enacted by the United States Congress but is now defunct.
For authoritative text and metadata, visit the official source.
📜 This document's name is Americas Act, Title II ("Trade and Investment for the Americas"), Sec. 202 ("Americas Partnership Business Advisory Board").
AGORA also tracks this document under the name Americas Act, Title II ("Trade and Investment"), Sec. 202 ("Business Advisory Board"). It is part of Americas Act.
↳ This document is part of a longer one: Americas Act.
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Full text
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SEC. 202. AMERICAS PARTNERSHIP BUSINESS ADVISORY BOARD.
(a) Establishment.—The Americas Partnership Secretariat established under section 204 shall establish a business advisory board, which will meet periodically, on an ad hoc basis, at the Secretariat to inform discussions on the business environments of Americas partner countries.
Establishes a business advisory board to inform discussions on partner countries' business environments.
Establishes a business advisory board to inform discussions on partner countries' business environments.
(b) Composition.—The business advisory board established under subsection (a) shall be composed of representatives of private sector entities, civil society organizations, and labor organizations from Americas partner countries.
Composes the business advisory board of private sector, civil society, and labor representatives.
Composes the business advisory board of private sector, civil society, and labor representatives.
(c) Advisory Topics.—The business advisory board established under subsection (a) may provide advice to Americas partner countries through the Secretariat on the following topics relating to the business environment in Americas partner countries:
(1) Regulatory hurdles.
(2) Labor issues.
(3) Dispute resolution challenges.
(4) Legal hurdles to investment.
(5) Alignment on regulation related to key emerging technologies such as artificial intelligence.
(6) Harmonization of reference price systems.
(7) Other issues affecting the business community in Americas partner countries.
Provides advice on regulatory hurdles, labor issues, dispute resolution, legal hurdles, technology regulations, and pricing harmonization.
Provides advice on regulatory hurdles, labor issues, dispute resolution, legal hurdles, technology regulations, and pricing harmonization.
(d) Coordination.—The business advisory board established under subsection (a) shall coordinate with the central regulatory coordinating bodies referred to in Article 28.3 of the USMCA.
Requires coordination with central regulatory bodies per Article 28.3 of the USMCA.
Requires coordination with central regulatory bodies per Article 28.3 of the USMCA.
(e) Annual Report.—Not less frequently than annually, the business advisory board established under subsection (a) shall submit to the Secretariat a report on the business environment in Americas partner countries, including opportunities and challenges to investment.
Submits an annual report to the Secretariat on business environment opportunities and challenges in Americas partner countries.
Submits an annual report to the Secretariat on business environment opportunities and challenges in Americas partner countries.