Fair Trade with China Enforcement Act
Latest action · Jan 30, 2023 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 30, 2023
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Fair Trade with China Enforcement Act
This bill revises trade, finance, and tax provisions with respect to China.
Specifically, the bill directs the Department of Commerce to prohibit the export of certain U.S. technology and intellectual property to China, and it places a shareholder cap on Chinese investments in certain U.S. entities.
The bill prohibits federal agencies 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.
Further, the bill requires the U.S. Trade Representative to list certain Chinese products that receive support pursuant to China's Made in China 2025 policy. The bill expedites the countervailing duty process (i.e., the imposition of duties to offset a subsidy by a foreign government) for products on this list.
The bill amends the Internal Revenue Code to (1) repeal certain reduced withholding rates for residents of China, and (2) provide for the taxation of income received by China on certain U.S. investments.
Cosponsors
Members who signed on, in the order they did.
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Jan 31, 2023 |
Actions 2
Everything that happened, newest first.
- Jan 30, 2023Introduced in Senate
- Jan 30, 2023Read twice and referred to the Committee on Finance.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Printed hearings 2
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1060 | Fair Trade with China Enforcement Act | Reintroduction of | Mar 25, 2021 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to safeguard certain technology and intellectual property in the United States from export to or influence by the People's Republic of China and to protect United States industry from unfair competition by the People's Republic of China, and for other purposes.
- Short Title(s) as Introduced
- Fair Trade with China Enforcement Act
Subjects
Assigned by the Library of Congress. Policy area: Foreign Trade and International Finance.
- Agricultural equipment and machinery
- Alliances
- Asia
- Aviation and airports
- China
- Competitiveness, trade promotion, trade deficits
- Computers and information technology
- 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, web applications, social media
- Manufacturing
- 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
Text 1
Each version as it was printed, newest first.
- Jan 30, 2023Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
