II 

118TH CONGRESS 

1ST SESSION S. 970 

To direct the Secretary of Commerce to establish within the Bureau of 

Economic Analysis of the Department of Commerce a China Economic 

Data Coordination Center. 

IN THE SENATE OF THE UNITED STATES 

MARCH 23, 2023 

Mr. WICKER (for himself and Ms. CORTEZ MASTO) introduced the following 

bill; which was read twice and referred to the Committee on Banking, 

Housing, and Urban Affairs 

A BILL 

To direct the Secretary of Commerce to establish within 

the Bureau of Economic Analysis of the Department 

of Commerce a China Economic Data Coordination Center. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Documenting Adver5 sarial Trade Aggression Act’’ or the ‘‘DATA Act’’. 

6 SEC. 2. CHINA ECONOMIC DATA COORDINATION CENTER. 

7 (a) IN GENERAL.—The Secretary of Commerce, in 

8 coordination with the Secretary of the Treasury, shall esVerDate Sep 11 2014 22:20 Apr 05, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S970.IS S970

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1 tablish within the Bureau of Economic Analysis of the De2 partment of Commerce a China Economic Data Coordina3 tion Center (in this section referred to as the ‘‘Center’’). 

4 (b) DUTIES.—The Center, in coordination with the 

5 heads of other relevant Federal agencies and the private 

6 sector, shall collect and synthesize official and unofficial 

7 economic data on developments in the financial markets 

8 of the People’s Republic of China and the United States 

9 exposure to risks and vulnerabilities in the financial sys10 tem of the People’s Republic of China, including data on— 

11 (1) baseline economic statistics such as gross 

12 domestic product and other indicators of economic 

13 health; 

14 (2) national and local government debt; 

15 (3) nonperforming loan amounts; 

16 (4) the composition of shadow banking assets; 

17 (5) the composition of the foreign exchange re18 serves of the People’s Republic of China; 

19 (6) bank loan interest rates; 

20 (7) United States retirement accounts tied to 

21 Chinese investments; 

22 (8) the exposure of the People’s Republic of 

23 China to foreign borrowers and flows of official fi24 nancing for the Belt and Road Initiative and other 

25 trade-related initiatives of the Government of the 


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1 People’s Republic of China, including data from the 

2 Export-Import Bank of China, the China Export 

3 and Credit Insurance Corporation (Sinosure), and 

4 the China Development Bank; 

5 (9) sovereign or near-sovereign loans made by 

6 the People’s Republic of China to other countries or 

7 guaranteed by sovereign entities; and 

8 (10) retirement accounts and investments in the 

9 People’s Republic of China. 

10 (c) BRIEFINGS.—The Center shall provide to the ap11 propriate congressional committees and the private sector 

12 on a biannual basis briefings on implementation of the du13 ties of the Center. 

14 (d) REPORTS AND PUBLIC UPDATES.— 

15 (1) REPORTS.— 

16 (A) IN GENERAL.—The Center shall sub17 mit to the appropriate congressional committees 

18 on a quarterly basis a report in writing on im19 plementation of the duties of the Center. 

20 (B) MATTERS TO BE INCLUDED.—The re21 port required by this subsection shall include— 

22 (i) key findings and data; 

23 (ii) a description of the research and 

24 development activities of the affiliates of 

25 United States multinational enterprises opVerDate Sep 11 2014 22:20 Apr 05, 2023 Jkt 039200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\S970.IS S970

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1 erating in the People’s Republic of China, 

2 and an assessment of the implications of 

3 such activities for production and employ4 ment in the United States and the econ5 omy of the United States; and 

6 (iii) a description of interactions of 

7 United States industry with— 

8 (I) entities owned or controlled 

9 by, or affiliated with, the Government 

10 of the People’s Republic of China; and 

11 (II) investments by entities of the 

12 People’s Republic of China in the 

13 United States. 

14 (2) PUBLIC UPDATES.—The Center shall pro15 vide to the public on a monthly basis updates on im16 plementation of the duties of the Center. 

17 (e) RECOMMENDATIONS AND STRATEGIES.—The 

18 Secretary of the Treasury, using data collected and syn19 thesized by the Center under subsection (b) and in con20 sultation with the Center, shall— 

21 (1) develop recommendations and strategies for 

22 ways in which the United States can respond to po23 tential risks and exposures within the financial sys24 tem of the People’s Republic of China; and 


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1 (2) submit to the appropriate congressional 

2 committees a report that contains such recommenda3 tions and strategies. 

4 (f) APPROPRIATE CONGRESSIONAL COMMITTEES DE5 FINED.—In this section, the term ‘‘appropriate congres6 sional committees’’ means— 

7 (1) the Committee on Foreign Relations, the 

8 Committee on Banking, Housing, and Urban Af9 fairs, and the Committee on Commerce, Science, and 

10 Transportation of the Senate; and 

11 (2) the Committee on Foreign Affairs, the 

12 Committee on Financial Services, and the Com13 mittee on Energy and Commerce of the House of 

14 Representatives. 

Æ 


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