To direct the President to terminate the designation of Brazil as a beneficiary developing country for purposes of title V of the Trade Act of 1974.

H.R. 3141 would require the President to remove Brazil from the Generalized System of Preferences (GSP), a program that allows certain products from developing countries to enter the United States duty-free. By ending this designation, the bill would eliminate these trade preferences for Brazilian imports, meaning those goods would no longer be exempt from standard U.S. tariffs. For American consumers and businesses, this change could lead to higher prices for products imported from Brazil, such as certain agricultural goods, chemicals, and manufactured parts.