The House has passed H.R. 6500 - AGOA Extension Act. This bill was introduced by Representative Jason Smith.
The vote was 340-54.
You can track corporate lobbying on this bill and relevant congressional stock trades on Quiver Quantitative's H.R. 6500 bill page.
Here is a short summary of a December 30, 2025 version of the bill.
H.R. 6500 - AGOA Extension Act Summary
This bill, known as the AGOA Extension Act, aims to extend and modify certain trade provisions under the African Growth and Opportunity Act (AGOA), which supports economic development in eligible African countries. The key points of the bill are as follows:
Extension of Duty-Free Treatment
The bill proposes to extend the duty-free treatment for imports from specific countries in Africa. This extension includes the following:
- The current deadline for duty-free treatment is moved from September 30, 2025 to December 31, 2028 .
- The bill extends provisions related to apparel articles, increasing the number of countries eligible under the program from 21 to 24 .
- It allows for the inclusion of a third-country fabric program under the same extended deadline, enabling countries to use fabrics from other nations while still benefiting from duty-free imports.
Retroactive Application
The legislation includes a mechanism for retroactive application, allowing certain imports that were entered after the original deadline (but before the enactment of this bill) to be treated as if they had entered before the deadline. Key elements include:
- Any covered article imported after September 30, 2025 and before the bill's enactment can be liquidated or reliquidated under preferential treatment.
- A request for this treatment must be filed with U.S. Customs and Border Protection within 180 days of the bill's enactment.
Extension of Customs User Fees
The bill seeks to extend the customs user fees that are part of existing trade agreements. The amendments include:
- The extension of customs user fees under the Consolidated Omnibus Budget Reconciliation Act until December 31, 2031 .
- Related fee adjustments under the United States-Korea Free Trade Agreement are also extended to the same date.
General Purpose
The overall purpose of this bill is to foster trade relations with African nations by providing them with extended access to the U.S. market in a beneficial way, which may subsequently support their economic development and growth.
Relevant Companies
- UA (Under Armour, Inc.): As a company involved in the apparel sector, it may benefit from enhanced import conditions for materials sourced from African countries under the AGOA provisions.
- NKE (NIKE, Inc.): Similar to Under Armour, NIKE's supply chain may leverage duty-free imports from eligible African nations for materials in their production process.
This article is not financial advice. Bill summaries may be unreliable. Consult Congress.gov for full bill text. See Quiver Quantitative's disclaimers for more information.
Representative Jason Smith Bill Proposals
Here are some bills which have recently been proposed by Representative Jason Smith:
- H.R.6599: Leasing and Infrastructure Act of 2025
- H.R.6500: AGOA Extension Act
- H.R.1156: Pandemic Unemployment Fraud Enforcement Act
- H.R.591: Defending American Jobs and Investment Act
- H.R.33: To amend the Internal Revenue Code of 1986 to provide special rules for the taxation of certain residents of Taiwan with income from sources within the United States.
You can track bills proposed by Representative Jason Smith on Quiver Quantitative's politician page for Smith.
Representative Jason Smith Net Worth
Quiver Quantitative estimates that Representative Jason Smith is worth $2.3M, as of January 13th, 2026. This is the 239th highest net worth in Congress, per our live estimates.
Smith has approximately $0 invested in publicly traded assets which Quiver is able to track live.
You can track Representative Jason Smith's net worth on Quiver Quantitative's politician page for Smith.
