H.R. 704 · 116th Congress
Fair Trade with China Enforcement Act
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
ConawaySponsor5 cosponsors · 1 D, 4 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill revises trade, finance, and tax provisions with respect to China.
What it does: CRS summary · Introduced in House · Jan 22, 2019
Fair Trade with China Enforcement Act
This bill 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 to list certain Chinese products that receive support pursuant to China's Made in China 2025 policy. The bill aexpedites the countervailing duty process (i.e., the imposition of duties to offset a subsidy by a foreign government) for products on such a list.
The bill amends the Internal Revenue Code to
- repeal certain reduced withholding rates for residents of China,
- tax income received by China from certain U.S. investments, and
- tax income derived from certain Chinese investments.
The bill also allows U.S. courts to hear cases against certain entities or corporate affiliates of a foreign state.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Fair Trade with China Enforcement Act
Latest action (Mar 4, 2019): Referred to the Subcommittee on Courts, Intellectual Property, and the Internet.
Policy area: Foreign Trade and International Finance · Origin: House · Introduced: Jan 22, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.