Foreign Trade And International Finance
US Congress 116th Congress
To place temporary restrictions on acquisitions by the People's Republic of China, and for other purposes. [HB-6706]
Requires the Committee on Foreign Investment in the United States to review any purchase by a Chinese entity of a controlling interest in a U.S. company deemed critical to national security, critical infrastructure, or of cultural significance. The President may approve such a purchase only if, among other things, the purchase price was not significantly affected by the COVID-19 (i.e., coronavirus disease 2019) pandemic and the sale will not permit additional access to distribute propaganda or alter U.S. news and media consumption. The bill's provisions
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Enforcing Accountability and Transparency in International Trade Act [HB-6627]
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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SOS ACT Act Secure Our Systems Against China’s Tactics Act [HB-6598]
Authorizes the Department of the Treasury to temporarily guarantee up to 50% of an investment made during the public health emergency declared due to COVID-19 (i.e., coronavirus disease 2019) in a business that (1) incurred losses due to COVID-19, (2) advances a national security interest, and (3) is susceptible to being purchased by a Chinese entity.
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Agricultural Security Risk Review Act [HB-6540]
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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A resolution expressing the sense of the Senate 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. [SR-137]
This resolution expresses the sense of the Senate 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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Trade Adjustment Assistance For Workers Reauthorization Act of 2020 [S.3555]
A bill to expand the trade adjustment assistance for workers program, and for other purposes.
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Assistance for Workers Harmed by COVID–19 Act [HB-6205]
Expands eligibility for trade adjustment assistance to a group of workers who are separated, or threatened to be separated, from a firm because of a decrease in the firm's sales, production, or both owing to disruptions in global supply chains affected by COVID-19 (i.e., coronavirus disease 2019). Trade adjustment assistance seeks to provide adversely affected workers with assistance obtaining the credentials, resources, and support to build skills for future jobs.
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Protecting America From Foreign Investors Compromised by the Chinese Communist Party Act of 2020 [HB-6152]
To require the Committee on Foreign Investment in the United States to consider whether a foreign person that is a party to a transaction undergoing review by the Committee is connected to a foreign country that has installed information and communications technology designed, developed, manufactured, or supplied by persons owned or controlled by, or subject to the jurisdiction or direction of, a foreign adversary, and for other purposes.
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Network Security Trade Act of 2020 [S.3394]
Expands the overall trade negotiating objectives of the United States to require that negotiators seek to ensure the security and autonomy of global communications infrastructure.
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Assistance for Firms Harmed by Tariffs on Exports Act [HB-6124]
Provides financial assistance to companies harmed by retaliatory foreign tariffs. Specifically, it expands the Trade Adjustment Assistance for Firms program, which currently provides such assistance to companies adversely affected by competing imported goods and services. The bill authorizes companies that have seen a significant decrease in sales of exported goods or services, in whole or in part as a result of tariffs imposed by foreign countries in response to U.S. tariff increases, to petition the Department of Commerce for trade adjustment
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Protecting America From Foreign Investors Compromised by the Chinese Communist Party Act of 2020 [S.3386]
A bill to require the Committee on Foreign Investment in the United States to consider whether a foreign person that is a party to a transaction undergoing review by the Committee is connected to a foreign country that has installed information and communications technology designed, developed, manufactured, or supplied by persons owned or controlled by, or subject to the jurisdiction or direction of, a foreign adversary, and for other purposes.
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A resolution expressing the sense of the Senate that the United States should initiate negotiations to enter into a free trade agreement with the Republic of Tunisia. [SR-506]
This resolution urges the United States to begin negotiations to enter a free trade agreement with Tunisia.
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Foreign Manufacturers Legal Accountability Act of 2019 [HB-3737]
To require foreign manufacturers of products imported into the United States to establish registered agents in the United States who are authorized to accept service of process against such manufacturers.
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American Territories Exporting Act of 2020 [HB-5881]
Requires the Export-Import Bank to establish an Office of Territorial Exporting to (1) promote the territories' export of goods and services, (2) conduct outreach and education on export opportunities and the availability of Bank support, and (3) increase the total amount of assistance provided to benefit the territories.
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Neutralizing Unfair Chinese Export Subsidies Act of 2020 [HB-5846]
To provide for working with allies to seek increased compliance by China with certain OECD export credit standards.
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Expressing the sense of the House of Representatives that the United States Trade Representative should promptly resume negotiations to conclude the Environmental Goods Agreement. [HR-828]
This resolution expresses the sense of the House of Representatives that the U.S. Trade Representative should resume negotiations to conclude the Environmental Goods Agreement, which would eliminate tariffs on a range of environmental goods such as wind turbines, water treatment filters, and solar water heaters.
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To impose additional prohibitions relating to foreign boycotts under Export Control Reform Act of 2018, and for other purposes. [HB-5595]
To impose additional prohibitions relating to foreign boycotts under Export Control Reform Act of 2018, and for other purposes.
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United States-Mexico-Canada Agreement Implementation Act [S.3052]
Provides statutory authority for the trade agreement between the United States, Mexico, and Canada (USMCA), which replaces the North American Free Trade Agreement. Specifically, the bill implements provisions that include labor and environment monitoring and enforcement, de minimis levels for U.S. exports, and cooperation among treaty members to prevent duty evasion.
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Boosting America’s Exports Act [HB-5437]
Establishes measures to promote exports by small- and medium-sized enterprises (SMEs). Specifically, the bill requires the International Trade Administration (ITA) to assess the location of and services provided by U.S. Export Assistance Centers in relation to the location of SMEs that export U.S. products and services. The ITA shall then issue a report identifying (1) centers that serve a comparatively high number of SMEs, and (2) locations where a center should be established. Further, the ITA shall implement the changes recommended in such report
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United States-Mexico-Canada Agreement Implementation Act [HB-5430]
Provides statutory authority for the trade agreement between the United States, Mexico, and Canada (USMCA), which replaces the North American Free Trade Agreement. Specifically, the bill implements provisions that include labor and environment monitoring and enforcement, de minimis levels for U.S. exports, and cooperation among treaty members to prevent duty evasion. For example, the bill (1) establishes interagency committees for the monitoring and enforcement of relevant labor, environmental, and automobile-related provisions; (2) establishes
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