US SB2 | 2019-2020 | 116th Congress

Status

Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on January 3 2019 - 25% progression
Action: 2019-02-27 - Committee on Small Business and Entrepreneurship. Hearings held.
Text: Latest bill text (Introduced) [PDF]

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 places 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 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 such a list. The bill amends the Internal Revenue Code to (1) repeal certain reduced withholding rates for residents of China, and (2) tax income received by China from certain U.S. investments.

Tracking Information

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Title

Fair Trade with China Enforcement Act

Sponsors


History

DateChamberAction
2019-02-27SenateCommittee on Small Business and Entrepreneurship. Hearings held.
2019-01-03SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB704 (Related) 2019-03-04 - Referred to the Subcommittee on Courts, Intellectual Property, and the Internet.

Subjects

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 and video services
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

US Congress State Sources


Bill Comments

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