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HOUSE 2546118th CongressReferred to the House Committee on Foreign Affairs.

To provide for the development and implementation of economic defense response teams.

Last Action
4/10/2023

Actions

  • 2023-04-10Referred to the House Committee on Foreign Affairs.
  • 2023-04-10Introduced in House
  • 2023-04-10Introduced in House

CRS Summary

As of 2023-04-10 (00)

This bill establishes a pilot program for deploying economic response teams that provide emergency technical assistance and support to a partner country subjected to the threat or use of coercive economic measures by a U.S. adversary. These teams also play a liaison role between the legitimate government of a partner country and the U.S. government.

To deploy a team, the President must declare, and notify Congress of, a coercive economic emergency (i.e., an unusual and extraordinary economic coercive threat to a partner country made by a U.S. adversary). The initial deployment may last for up to 180 days; the President may extend a deployment by submitting to Congress a justification for the extension in the interest of national security.

The pilot program shall terminate on December 31, 2026.

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