Foreign Trade And International Finance
US Congress 116th Congress
Stop PPE Taxes Act of 2020 [S.4497]
Suspends through December 31, 2022, any duty imposed on specified articles and articles identified by the U.S. International Trade Commission as related to the response to COVID-19 (i.e., coronavirus disease 2019).
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Exposing China’s Belt and Road Investment in America Act of 2020 [S.4454]
Requires the Committee on Foreign Investment in the United States to review certain investments made by China in the United States. Specifically, the committee must review any investment by a foreign person that (1) involves the acquisition of real estate in the United States and the establishment of a U.S. business on such real estate, and (2) could result in direct or indirect control of that U.S. business by China. A party to any such investment must submit to the committee a declaration containing basic information regarding the transaction.
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A bill to amend the Tariff Act of 1930 to require online retailers to disclose whether articles sold by such retailers originate in the People's Republic of China, and for other purposes. [S.4364]
Requires an online retailer to disclose whether articles sold through its platform originate in China. Specifically, any online retailer selling articles of foreign commerce imported into the United States shall legibly state and conspicuously disclose on the webpage for each such article if the article or any major component thereof originates in China or if the article was manufactured or assembled in China. The bill also authorizes the Department of the Treasury to determine the acceptable method of disclosure and to authorize the exception of
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Global Investment in American Jobs Act of 2020 [HB-7753]
To direct the Secretary of Commerce, in coordination with the heads of other relevant Federal departments and agencies, to conduct an interagency review of and report to Congress on ways to increase the global competitiveness of the United States in attracting foreign direct investment.
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Agricultural Security Risk Review Act [S.4235]
Expands the membership of the Committee on Foreign Investment in the United States to include the Secretary of Agriculture. The committee reviews the national security implications of certain foreign investments in U.S. businesses or real estate, including critical infrastructure or technologies.
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To direct the United States Trade Representative to extend the exclusions of goods of China from additional duties imposed under section 301 of the Trade Act of 1974, and for other purposes. [HB-7665]
Requires the U.S. Trade Representative (USTR) to extend for at least one year the exclusion of certain Chinese goods from additional duties. Such goods include medical-care products needed to address the COVID-19 (i.e., coronavirus disease 2019) pandemic. The USTR is not required to take such action if it determines that (1) a good is strategically important or related to certain Chinese industrial programs, and (2) such an extension would cause severe harm to the United States.
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Foreign Trade Modernization Act of 2020 [HB-7549]
Abolishes the United States and Foreign Commercial Service and transfers from the Department of Commerce to the Department of State all functions that were authorized to be performed by the service under any statute, reorganization plan, executive order, or other provision of law. Specifically, the bill transfers to the State Department all contracts, property, records, and unexpended balances of funds, as well as all personnel. Further, the Bureau of Economic and Business Affairs and the relevant diplomatic missions shall, through specified activities,
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A resolution expressing the sense of the Senate that, while the United States finds value and usefulness in the World Trade Organization in fulfilling the needs of the United States and other free and open economies in the 21st century, significant reforms at the World Trade Organization are needed and the United States must therefore continue to demonstrate leadership to achieve those reforms. [SR-651]
This resolution expresses the sense of the Senate that the World Trade Organization (WTO) is in need of significant reforms and that the United States, acting through the U.S. Trade Representative, must lead efforts to achieve such reforms. Specifically, the Senate urges reforms to the negotiating and dispute settlement functions of the WTO, as well as to the rules for special and differential treatment for disadvantaged countries.
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Foreign Trade Modernization Act of 2020 [HB-7408]
Abolishes the United States and Foreign Commercial Service and transfers from the Department of Commerce to the Department of State all functions that were authorized to be performed by the service under any statute, reorganization plan, executive order, or other provision of law. Specifically, the bill transfers to the State Department all contracts, property, records, and unexpended balances of funds, as well as all personnel. Further, the Bureau of Economic and Business Affairs and the relevant diplomatic missions shall, through specified activities,
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Strengthening American Nuclear Competitiveness Act [HB-7405]
Requires expedited consideration of certain nuclear technology exports, and it requires the Department of Energy (DOE) and the Government Accountability Office (GAO) to author specified reports. Specifically, DOE must establish procedures to expedite consideration of authorization requests regarding the transfer of a technology that involves specified low-proliferation-risk reactors to certain foreign countries. DOE must also report on U.S. civil nuclear commerce, including (1) an assessment of current practices with respect to the civilian nuclear
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Women’s Economic Empowerment in Trade Act of 2020 [S.4007]
A bill to amend the Trade Act of 1974 to modify the eligibility requirements for the Generalized System of Preferences to strengthen worker protections and to ensure that beneficiary developing countries afford equal rights and protection under the law, regardless of gender, and for other purposes.
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Market Economy Sourcing Act [S.4008]
Limits the content from nonmarket economy countries that may be included in free trade agreement qualifying goods. A nonmarket economy country is a foreign country that does not operate on market principles of cost or pricing structures, so that sales of merchandise in such country do not reflect the fair price of the merchandise. The bill requires that, during the five-year period following entry into force of a free trade agreement, no more than 20% of a qualifying good may originate in a nonmarket economy country, and no more than 10% thereafter.
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Enforcing Accountability and Transparency in International Trade Act [S.3978]
Requires the U.S. Trade Representative to report on its plans to pursue a U.S. strategy regarding the World Trade Organization (WTO). Such plans must (1) facilitate the full implementation of WTO agreements, (2) enable the maximum benefits from trade to accrue to those members of the WTO that face the greatest difficulty integrating into the multilateral trading system, and (3) ensure that certain members of the WTO do not receive special and differential treatment.
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Securing America’s Medical Supply Chain and Advancing the Production of Life Saving Medicines Act [S.3942]
Establishes the position of Chief Pharmaceutical and Medical Supply Chain Negotiator in the Office of the U.S. Trade Representative. The negotiator must conduct trade negotiations and enforce trade agreements related to pharmaceutical products and services and medical supply chains.
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U.S. Citrus Protection Act [HB-7184]
Prohibits importing commercially produced fresh citrus fruit originating in China.
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A bill to make a technical correction relating to the treatment of refunds of merchandise processing fees under the United States-Mexico-Canada Agreement Implementation Act. [S.3876]
A bill to make a technical correction relating to the treatment of refunds of merchandise processing fees under the United States-Mexico-Canada Agreement Implementation Act.
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Stop Funding the PLA Act [HB-7064]
To prohibit financial investment by a United States person in foreign industrial defense corporations with substantial contracts with, ties to, or support from, the Chinese military and affiliated entities, and for other purposes.
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Withdrawing approval of the Agreement Establishing the World Trade Organization. [HJR-89]
This resolution withdraws congressional approval of the World Trade Organization Agreement, which established the World Trade Organization.
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Expressing the sense of the House of Representatives that the President should work with the Government of the United Kingdom to prepare for a future free trade agreement between the United States and the United Kingdom. [HR-961]
This resolution expresses the sense of the House of Representatives that the President, with the support of Congress, should prepare for a future trade agreement between the United States and the United Kingdom.
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A joint resolution withdrawing approval of the Agreement Establishing the World Trade Organization. [SJR-71]
This resolution withdraws congressional approval of the World Trade Organization Agreement, which established the World Trade Organization.