Whereas Chile is one of the United States strongest partners in the Western Hemisphere; Whereas the United States signed a free trade agreement in 2004 that allows for the duty-free export of all United States consumer and industrial goods to Chile; Whereas the signing of a free trade agreement eliminated tariffs, provided intellectual property protections, enabled regulatory transparency, prohibited anticompetitive business conduct, and required labor and environmental protections; Whereas bilateral trade between the United States and Chile in goods and services reached $38,400,000,000 in 2021, and United States goods exports to Chile amounted to $17,300,000,000 in 2021; Whereas, in 2022, United States-Chile merchandise trade amounted to $38,900,000,000, including $23,300,000,000 of United States goods exports to Chile and $15,600,000,000 of United States goods imports from Chile; Whereas the United States and Chile are celebrating 200 years of relations in 2023; Whereas the United States and Chile signed a bilateral tax treaty on February 4, 2010; Whereas, in 2014, Chile passed new tax legislation, which increased corporate tax rates in Chile; Whereas, without a ratified bilateral tax treaty, United States companies with operations in Chile will be subject to a tax rate of up to 44.45 percent in 2027; Whereas companies headquartered in 35 countries with which Chile already has bilateral tax treaties in force will continue to be subject to a 35-percent tax rate, leaving United States businesses at a significant competitive disadvantage; Whereas the Committee on Foreign Relations of the Senate reported the bilateral tax treaty favorably in 2014, 2016, 2022, and most recently on June 1, 2023; and Whereas China is among the United States competitors with which Chile already has a tax treaty in force: Now, therefore, be it