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United States · Bill · S

S. 153 (118th)

Fair Trade with China Enforcement Act

referredUnited States· United States Congress· EN

Introduced

30 January 2023

Last action

30 January 2023 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Rubio, Marco [R-FL]

Subjects

Taxation

Source updated

27 May 2025

Taxation

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 30 January 2023

    Introduced

    Introduced in Senate

    Source: IntroReferral

  2. 30 January 2023

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 30 January 2023

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 30 January 2023

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 30 January 2023

    Open at official source

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Sponsors

Related records

Sources

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