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United States · Bill · S

S. 4514 (117th)

Countering Economic Coercion Act of 2022

referredUnited States· United States Congress· EN

Introduced

13 July 2022

Last action

13 July 2022 · Introduced

Status

Read twice and referred to the Committee on Foreign Relations.

Sponsors

Sen. Young, Todd [R-IN], Sen. Coons, Christopher A. [D-DE], Sen. Durbin, Richard J. [D-IL], Sen. Sullivan, Dan [R-AK]

Subjects

Discovery layer

Source updated

14 January 2025

Summary

Countering Economic Coercion Act of 2022 This bill authorizes the President to take certain actions to assist foreign trading partners affected by economic coercion. Economic coercion refers to actions or threats undertaken by a foreign adversary to restrain, obstruct, or manipulate trade, foreign aid, investment, or commerce with the intent to cause economic harm or influence sovereign political actions. Specifically, the bill authorizes the President (upon a determination that a foreign trading partner is subject to economic coercion) to exercise specified authorities to support or assist the foreign trading partner. These authorities include, among others, decreasing duties or modifying tariff-rate quotas on imports from the foreign trading partner, requesting appropriations for foreign aid, and expediting export licensing decisions and regulatory processes. The President must consult with Congress prior to exercising any authority. Additionally, the President must publish notice in the Federal Register related to the exercise of such authority. Any determination of economic coercion must be revoked at the earliest of (1) two years from the date of determination, (2) upon a joint resolution of Congress, or (3) when the President revokes the determination. The bill also directs the President to endeavor to coordinate with other foreign trading partners to broaden economic support for the foreign trading partner.

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

Timeline

  1. 13 July 2022

    Introduced

    Read twice and referred to the Committee on Foreign Relations.

    Source: IntroReferral

  2. 13 July 2022

    Introduced

    Introduced in Senate

    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 · 13 July 2022

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  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 13 July 2022

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 13 July 2022

    Open at official source

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Sponsors

Related records

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Sources

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