Fair Trade with China Enforcement Act

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

• Introduced in Senate · 30 January 2023 · Official file

Documents

3 official files

• 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

• Introduced in Senate

  summary · EN · 30 January 2023

  Open at official source

Sponsors

• Sen. Rubio, Marco [R-FL] · R · Sponsor
• · ssfi00 · Standing

Related records

• related to ← Fair Trade with China Enforcement Act