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Fair Trade with China Enforcement Act

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2625-2627)

Official summary

Version 00 · Introduced in Senate · May 10, 2018

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.

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The bill amends the Securities Exchange Act of 1934 to place 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 amends the Trade Act of 1974 to require the U.S. Trade Representative to list certain Chinese products that receive support pursuant to China's Made in China 2025 policy. The bill amends the Tariff Act of 1930 to expedite 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.

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Who introduced it

Sen. Rubio, Marco [R-FL] · R–FL

Committees

  • Finance Committee
0 cosponsorship records, including any withdrawals

    Actions

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    1. Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2625-2627)

    2. Introduced in Senate

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