Fair Trade with China Enforcement Act
- Last Action
- 3/4/2019
Actions
- 2019-03-04Referred to the Subcommittee on Courts, Intellectual Property, and the Internet.
- 2019-03-01Referred to the Subcommittee on Trade.
- 2019-01-22Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, the Judiciary, Foreign Affairs, and Oversight and Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2019-01-22Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, the Judiciary, Foreign Affairs, and Oversight and Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2019-01-22Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, the Judiciary, Foreign Affairs, and Oversight and Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2019-01-22Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, the Judiciary, Foreign Affairs, and Oversight and Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2019-01-22Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, the Judiciary, Foreign Affairs, and Oversight and Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2019-01-22Introduced in House
- 2019-01-22Introduced in House
CRS Summary
As of 2019-01-22 (00)
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.
Cosponsors (5)
- TIM RYAN (D-OH)
- Eric Crawford (R-AR)
- Roger Marshall (R-KS)
- Jim Hagedorn (R-MN)
- Scott Tipton (R-CO)
Subjects
- Agricultural equipment and machinery
- Alliances
- Asia
- Aviation and airports
- China
- Competitiveness, trade promotion, trade deficits
- Computers and information technology
- Corporate finance and management
- Electric power generation and transmission
- Energy storage, supplies, demand
- Foreign and international banking
- Foreign and international corporations
- Free trade and trade barriers
- Genetics
- Health technology, devices, supplies
- Hong Kong
- Human rights
- Hybrid, electric, and advanced technology vehicles
- Income tax exclusion
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.