Congress 115 - HR 6001 - Fair Trade with China Enforcement Act

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Agricultural equipment and machinery Alliances Asia Aviation and airports China Competitiveness, trade promotion, trade deficits Computers and information technology Corporate finance and management Electric power generation and transmission Energy storage, supplies, demand Foreign and international banking Foreign and international corporations Foreign Trade and International Finance Free trade and trade barriers Genetics Health technology, devices, supplies Hong Kong Human rights Hybrid, electric, and advanced technology vehicles Income tax exclusion Income tax rates Industrial policy and productivity Intellectual property Internet and video services Internet, web applications, social media Jurisdiction and venue Manufacturing Marine and inland water transportation Materials Military procurement, research, weapons development Motor vehicles Protest and dissent Public contracts and procurement Railroads Securities Sovereignty, recognition, national governance and status Tariffs Taxation of foreign income Technology transfer and commercialization Telephone and wireless communication Trade restrictions U.S. and foreign investments Wages and earnings

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Votes

Summary

Fair Trade with China Enforcement Act

This bill revises trade, finance, and tax provisions with respect to China.

The bill directs the Department of Commerce to prohibit the export of certain U.S. technology and intellectual property to China.

The bill amends the Securities Exchange Act of 1934 to place a shareholder cap on Chinese investments in certain U.S. corporations.

Federal agencies are prohibited from using or procuring telecommunications equipment or services from Huawei Technologies Company, ZTE Corporation, or any other entity reasonably believed to be owned or controlled by China.

The bill amends the Trade Act of 1974 to require the U.S. Trade Representative to list certain Chinese products that receive support pursuant to China's Made in China 2025 policy. The bill amends the Tariff Act of 1930 to expedite the countervailing duty process (i.e., the imposition of duties to offset a subsidy by a foreign government) for products on such a list.

The bill amends the Internal Revenue Code to:

repeal certain reduced withholding rates for residents of China,
tax income received by China from certain U.S. investments, and
tax income derived from certain Chinese investments.

Stopping Foreign Businesses Sanctuary Act of 2018

This bill amends the federal judicial code to allow U.S. courts to hear cases against certain entities or corporate affiliates of a foreign state.

Actions

Jun 8, 2018

Referred to the Subcommittee on Trade.
Jun 5, 2018

Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, the Judiciary, Foreign Affairs, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jun 5, 2018

Introduced in House

Amendments

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