Foreign Trade And International Finance
US Congress 116th Congress
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]
[Trade ]
[International ]
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.
Sponsored by: Sen. Rob Portman
Referred To The Committee On Finance. (text: Cr S4232-4233) on 07/02/2020
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Foreign Trade Modernization Act of 2020 [HB-7408]
[Trade ]
[Small Business ]
[International ]
[Economic Development ]
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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Sponsored by: Rep. Henry Cuellar
Introduced In House on 06/29/2020
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US Congress 116th Congress
Strengthening American Nuclear Competitiveness Act [HB-7405]
[Energy ]
[Trade ]
[Technology and Innovation ]
[International ]
[Science ]
[National Security ]
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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Sponsored by: Rep. Bill Johnson
Introduced In House on 06/29/2020
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US Congress 116th Congress
Women’s Economic Empowerment in Trade Act of 2020 [S.4007]
[Trade ]
[Labor, Jobs, Employment ]
[Human Rights ]
[Economic Development ]
[International ]
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.
Sponsored by: Sen. Robert P. Casey
Read Twice And Referred To The Committee On Finance. on 06/18/2020
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Market Economy Sourcing Act [S.4008]
[Trade ]
[International ]
[Manufacturing ]
[Economic Development ]
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.
Sponsored by: Sen. Robert P. Casey
Read Twice And Referred To The Committee On Finance. on 06/18/2020
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US Congress 116th Congress
Enforcing Accountability and Transparency in International Trade Act [S.3978]
[Trade ]
[International ]
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.
Sponsored by: Sen. Kelly Loeffler
Read Twice And Referred To The Committee On Finance. on 06/17/2020
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Securing America’s Medical Supply Chain and Advancing the Production of Life Saving Medicines Act [S.3942]
[Healthcare ]
[Pharmaceuticals ]
[Trade ]
[Manufacturing ]
[Public Health ]
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.
Sponsored by: Sen. Kelly Loeffler
Read Twice And Referred To The Committee On Finance. on 06/11/2020
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US Congress 116th Congress
U.S. Citrus Protection Act [HB-7184]
[Agriculture ]
[Trade ]
[Food ]
[Consumer Protection ]
Prohibits importing commercially produced fresh citrus fruit originating in China.
Sponsored by: Rep. Bill Posey
Introduced In House on 06/11/2020
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US Congress 116th Congress
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]
[Trade ]
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.
Sponsored by: Sen. John Cornyn
Read Twice And Referred To The Committee On Finance. on 06/03/2020
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Stop Funding the PLA Act [HB-7064]
[Defense ]
[Finance ]
[International ]
[National Security ]
[Trade ]
[Military ]
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.
Sponsored by: Rep. Doug LaMalfa
Introduced In House on 06/01/2020
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Withdrawing approval of the Agreement Establishing the World Trade Organization. [HJR-89]
[Trade ]
[International ]
This resolution withdraws congressional approval of the World Trade Organization Agreement, which established the World Trade Organization.
Sponsored by: Rep. Peter A. DeFazio
Introduced In House on 05/12/2020
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US Congress 116th Congress
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]
[Trade ]
[International ]
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.
Sponsored by: Rep. Gregory Francis Murphy
Introduced In House on 05/08/2020
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US Congress 116th Congress
A joint resolution withdrawing approval of the Agreement Establishing the World Trade Organization. [SJR-71]
[Trade ]
[International ]
This resolution withdraws congressional approval of the World Trade Organization Agreement, which established the World Trade Organization.
Sponsored by: Sen. Joshua David Hawley
Read Twice And Referred To The Committee On Finance. on 05/07/2020
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US Congress 116th Congress
To place temporary restrictions on acquisitions by the People's Republic of China, and for other purposes. [HB-6706]
[National Security ]
[International ]
[Trade ]
[Technology and Innovation ]
[Cybersecurity ]
[Economic Development ]
[Media and Advertising ]
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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Sponsored by: Rep. Tom Cole
Introduced In House on 05/05/2020
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US Congress 116th Congress
Enforcing Accountability and Transparency in International Trade Act [HB-6627]
[Trade ]
[International ]
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.
Sponsored by: Rep. Ted S. Yoho
Introduced In House on 04/24/2020
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US Congress 116th Congress
SOS ACT Act Secure Our Systems Against China’s Tactics Act [HB-6598]
[National Security ]
[Cybersecurity ]
[Public Health ]
[International ]
[Small Business ]
[Healthcare ]
[Finance ]
[Economic Development ]
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.
Sponsored by: Rep. Alexander Mooney
Introduced In House on 04/23/2020
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US Congress 116th Congress
Agricultural Security Risk Review Act [HB-6540]
[Agriculture ]
[National Security ]
[Trade ]
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.)
Sponsored by: Rep. Collin C. Peterson
Introduced In House on 04/17/2020
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US Congress 116th Congress
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]
[Trade ]
[International ]
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.
Sponsored by: Sen. Mike Lee
Referred To The Committee On Finance. (text: Cr S2194) on 04/02/2019
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US Congress 116th Congress
Trade Adjustment Assistance For Workers Reauthorization Act of 2020 [S.3555]
[Trade ]
[Labor, Jobs, Employment ]
[Unemployment ]
[Economic Development ]
A bill to expand the trade adjustment assistance for workers program, and for other purposes.
Sponsored by: Sen. Gary C. Peters
Read Twice And Referred To The Committee On Finance. on 03/20/2020
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US Congress 116th Congress
Assistance for Workers Harmed by COVID–19 Act [HB-6205]
[Labor, Jobs, Employment ]
[Trade ]
[Healthcare ]
[Public Health ]
[Economic Development ]
[Funding ]
[Grants ]
[Unemployment ]
[Disaster Relief ]
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.
Sponsored by: Rep. Suzan DelBene
Introduced In House on 03/11/2020