To amend the Trade Act of 1974 to modify provisions relating to withdrawal, suspension, or limitation of country designation under the Generalized System of Preferences.

HR 7967 amends the Trade Act of 1974 to change how the President considers factors before withdrawing a country's Generalized System of Preferences (GSP) status. The bill requires the President to specifically evaluate how such actions might affect progress toward meeting GSP criteria and the impact on workers/populations the program aims to help. It also mandates taking steps to maintain duty-free treatment for goods if imposing duties would harm those populations or prevent countries from meeting GSP goals. This directly affects developing countries currently receiving GSP benefits by adding new considerations to the decision-making process. The change focuses on ensuring GSP actions align with the program's intended humanitarian and developmental purposes.