To extend the Generalized System of Preferences and to make technical changes to the competitive need limitations provision of the program.

This bill extends the Generalized System of Preferences (a U.S. trade preference program that provides duty-free access to imports on products from certain developing countries) through 2020. The Trade Act of 1974 is amended to modify the deadline for the review process for the competitive needs limitation. (The competitive need limitation terminates duty-free treatment with respect to articles from a beneficiary developing country if certain import limits are exceeded.) The Consolidated Omnibus Budget Reconciliation Act of 1985 is amended to extend through June 21, 2026, the authority for customs user fees for the processing of merchandise formally entered or released into the United States.