From the Summary: "As its economy has grown to be the eighth largest in the world, Brazil has consolidated its power in South America, extended its influence to the broader region, and become increasingly prominent on the world stage. The Obama Administration's national security strategy regards Brazil as an emerging center of influence, whose leadership it welcomes 'to pursue progress on bilateral, hemispheric, and global issues.' In recent years, U.S.-Brazil relations have generally been positive despite Brazil's prioritization of strengthening relations with neighboring countries and expanding ties with nontraditional partners in the 'developing South.' Although some disagreements have emerged, Brazil and the United States continue to engage on a number of issues, including counternarcotics, counterterrorism, energy security, trade, human rights, and the environment. […] Although current conditions and Brazil's recent performance suggest the country will sustain solid economic growth rates in the near term, several constraints on mid- and long-term growth remain. The 112th Congress has maintained interest in U.S.-Brazil relations. Several pieces of legislation have been introduced, including bills that would suspend foreign assistance to Brazil (H.R. 2246) and the issuance of visas to Brazilian nationals (H.R. 2556) until the country amends its constitution to allow for the extradition of its citizens. Additionally, the House adopted legislation (H.R. 2112) that includes a provision (H.Amdt. 454) that would prevent any funds made available under the Act from being used to provide payments to the Brazil Cotton Institute. This report analyzes Brazil's political, economic, and social conditions, and how those conditions affect its role in the world and its relationship with the United States."
CRS Report for Congress, RL33456