Foreign Trade And International Finance
US Congress 116th Congress
Trade Facilitation and Security Enhancement Act [S.414]
Sets a minimum number of commercial hours of operation at certain ports of entry on the U.S.-Mexico border.
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NOPEC No Oil Producing and Exporting Cartels Act of 2019 [S.370]
Prohibits a foreign state from engaging in collective action impacting the market, supply, price, or distribution of oil, natural gas, or other petroleum product in the U.S. Specifically, a foreign state is prohibited from collective action that limits the production or distribution of such product, collective action to set or maintain the price of such product, or any other action that restrains trade of such product. Specified defenses such as sovereign immunity (i.e., a foreign state's immunity from the jurisdiction of U.S. courts) and the act
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Trade Security Act of 2019 [S.365]
Revises provisions related to the adjustment of U.S. imports due to a national security threat. The bill allows Congress to block a presidential import adjustment through a joint resolution. This provision retroactively applies to adjustments made on or after July 1, 2018. However, it shall not apply to specified steel and aluminum import adjustments. The Department of Defense (currently, the Department of Commerce) must investigate the national security threat of a U.S. import, and report to the President the results of that investigation. Commerce
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ZTE Enforcement Review and Oversight Act [S.335]
Requires the Department of Commerce to report on and ensure ZTE Corporation's compliance with the June 7, 2018, settlement agreement regarding sanctions violations.
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Promoting Rural Exports Act of 2019 [S.295]
Establishes the Rural Export Center for the purpose of assisting rural businesses seeking to export their products.
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Bicameral Congressional Trade Authority Act of 2019 [S.287]
Requires congressional approval for a presidential import adjustment due to a national security threat from an import related to military equipment, energy resources, or critical infrastructure essential to national security. Specifically, the bill requires the President to submit a proposal to Congress, which Congress may approve by a joint resolution. Under current law, the President determines whether any adjustment of an import is necessary and must submit to Congress the reasons for any action taken or not taken. The Department of Defense (currently,
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Telecommunications Denial Order Enforcement Act [S.152]
Directs the President to determine annually whether telecommunications companies domiciled in China, including Huawei and ZTE, have violated U.S. export controls or sanctions. If a violation is found, the President must impose appropriate penalties. Chinese subsidiaries of foreign companies are excluded from the bill. The bill also prohibits executive agencies from reducing any penalty imposed on a Chinese telecommunications company for violating a sanction or export control, unless the President certifies that the company has not violated U.S.
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Automotive Jobs Act of 2019 [S.121]
Directs the U.S. International Trade Commission (USITC) to report on the status of the U.S. automotive industry. The bill suspends the Department of Commerce's investigation initiated on May 23, 2018, regarding the effects on national security of importing automobiles and automotive parts until the USITC submits its report to the President and Congress and the President subsequently determines whether to reopen the investigation.
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Cambodia Trade Act of 2019 [S.34]
Directs the President to report on Cambodia's classification under the Generalized System of Preferences (GSP), a U.S. trade preference program that provides duty-free access to imports on products from certain developing countries. (Currently, Cambodia is a beneficiary of the GSP program.)
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Defending Domestic Produce Production Act of 2019 [S.16]
Establishes a process by which a core seasonal industry may petition for countervailing and antidumping duties.
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Fair Trade with China Enforcement Act [S.2]
Revises trade, finance, and tax provisions with respect to China. The bill directs the Department of Commerce to prohibit the export of certain U.S. technology and intellectual property to China. The bill places a shareholder cap on Chinese investments in certain U.S. corporations. Federal agencies are prohibited 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. The bill requires the U.S. Trade Representative
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Expressing the sense of Congress that all direct and indirect subsidies that benefit the production or export of sugar by all major sugar-producing and -consuming countries should be eliminated. [HCR-7]
This concurrent resolution expresses the sense of Congress that the President should seek the elimination of all subsidies benefiting the production or export of sugar by certain foreign countries.
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Trade Security Act of 2019 [HB-1008]
Revises provisions related to the adjustment of U.S. imports due to a national security threat. The bill allows Congress to block a presidential import adjustment through a joint resolution. This provision retroactively applies to adjustments made on or after July 1, 2018. However, it shall not apply to specified steel and aluminum import adjustments. The Department of Defense (currently, the Department of the Treasury) must investigate the national security threat of a U.S. import, and report to the President the results of that investigation.
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Extension of the Caribbean Basin Economic Recovery Act [HB-991]
Extends preferential duty treatment for certain apparel items produced in the Caribbean Basin through FY2030, and it extends the date through which certain merchandise processing fees may be charged through October 21, 2029.
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NOPEC No Oil Producing and Exporting Cartels Act of 2019 [HB-948]
Prohibits a foreign state from engaging in collective action impacting the market, supply, price, or distribution of oil, natural gas, or other petroleum product in the U.S. Specifically, a foreign state is prohibited from collective action that limits the production or distribution of such product, collective action to set or maintain the price of such product, or any other action that restrains trade of such product. Specified defenses such as sovereign immunity (i.e., a foreign state's immunity from the jurisdiction of U.S. courts) and the act
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Bicameral Congressional Trade Authority Act of 2019 [HB-940]
Requires congressional approval for a presidential import adjustment due to a national security threat from an import related to military equipment, energy resources, or critical infrastructure essential to national security. Specifically, the bill requires the President to submit a proposal to Congress, which Congress may approve by a joint resolution. Under current law, the President determines whether any adjustment of an import is necessary and must submit to Congress the reasons for any action taken or not taken. The Department of Defense (currently,
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Protect American IPR Act [HB-902]
Addresses the effects of violations of U.S. intellectual property rights in China or by Chinese persons. The bill directs the U.S. Trade Representative (USTR) to study the losses of revenue to holders of those rights. It directs the USTR to impose duties on merchandise from China in an amount equivalent to the annual loss of revenue to U.S. intellectual property rights holders as a result of violations in China or by any Chinese person, including governmental entities of China. The bill establishes a fund to compensate U.S. intellectual property
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United States Reciprocal Trade Act [HB-764]
Allows the President, in certain circumstances, to (1) negotiate with a foreign country for tariff reductions on exported U.S. goods, or (2) impose additional duties on imported goods. Specifically, the President may take these actions if it is determined that the country (1) when importing a good from the United States, applies a higher rate of duty on that good than the rate imposed by the United States when imported from that country; or (2) similarly imposes other, nontariff trade restrictions on that good. The President must terminate a rate
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Global Trade Accountability Act of 2019 [HB-723]
Requires congressional approval of unilateral trade actions. Such actions may take effect without congressional approval for one 90-day period if the President determines that it is necessary because of a national emergency, because of an imminent threat to health or safety, for the enforcement of criminal laws, or for national security; and submits written notice of the determination to Congress.
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Fair Trade with China Enforcement Act [HB-704]
Revises trade, finance, and tax provisions with respect to China. The bill directs the Department of Commerce to prohibit the export of certain U.S. technology and intellectual property to China. The bill places a shareholder cap on Chinese investments in certain U.S. corporations. Federal agencies are prohibited 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. The bill requires the U.S. Trade Representative
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