; mandatory graduation The provisions of subsections (d) and (e) of section 502 of the Trade Act of 1974 ( 19 U.S.C. 2462 ) shall apply with respect to Mongolia to the same extent and in the same manner as such provisions apply with respect to beneficiary developing countries under title V of that Act ( 19 U.S.C. 2461 et seq.). (f) Termination of duty-Free treatment No duty-free treatment extended under this Act shall remain in effect after December 31, 2025. (g) Definitions In this section: (1) Customs territory of the United States The term customs territory of the United States has the meaning given the term in General Note 2 of the Harmonized Tariff Schedule of the United States. (2) Cashmere The term cashmere means fine hair obtained from a cashmere goat (capra hircus laniger). 4. Briefing requirement (a) In general Not later than one year after the date of the enactment of this Act, and periodically thereafter, the President shall monitor, review, and provide a briefing to the appropriate congressional committees on— (1) the implementation of this Act; (2) compliance of Mongolia with the eligibility requirements described in section 3(d); and (3) the trade and investment policy of the United States with respect to Mongolia. (b) Appropriate congressional committees defined In this section, the term appropriate congressional committees means— (1) the Committee on Finance and the Committee on Foreign Relations of the Senate; and (2) the Committee on Ways and Means and the Committee on Foreign Affairs of the House of Representatives.