This bill would modify how the President can withdraw or limit countries' participation in the Generalized System of Preferences, a trade program that grants duty-free access to the U.S. market for certain products from developing countries. Currently, the President only needs to consider certain factors before removing a country's designation. The bill would require the President to also consider the impacts of such actions on workers and populations in the affected country, as well as on that country's progress toward meeting the program's criteria. Additionally, the bill directs the President to take steps to maintain duty-free treatment for products where removing tariffs would help the country meet the program's requirements or prevent severe economic harm to vulnerable populations. The legislation affects developing countries participating in the trade preference program and their workers and communities that benefit from preferential trade access.