ning on the date of the enactment of this Act and 
ending on December 31, 2021; and 
(2) increase the duty imposed under subsection 
(a) on such good or component by an additional 
amount equal to 10 percent ad valorem of the good 
or component for each calendar year beginning after 
calendar year 2021. 
(b) DUTIES TO BE CONSIDERED ADDITIONAL DU-
TIES.—The duty required by subsection (a) with respect 
to a good or component is in addition to any other duty 
imposed by law with respect to the good or component. 
(c) SUNSET.—The requirement to impose a duty with 
respect to a good or component under subsection (a) shall 
cease to be effective beginning on the date on which the 
President submits to Congress a certification that the 
total amount deposited in the COVID–19 Restitution 
Trust Fund established under section 4 equals or exceeds 
the total amount necessary to provide full compensation 
and reimbursement relating to COVID–19 for purposes of 
the program established under section 5. 
SEC. 4. TRUST FUND. 
(a) ESTABLISHMENT.—Not later than 30 days after 
the date of enactment of this Act, the Secretary of the 
Treasury shall establish an account, to be known as the 
VerDate Sep 11 2014 
23:28 Jul 16, 2021
Jkt 019200
PO 00000
Frm 00007
Fmt 6652
Sfmt 6201
E:\BILLS\H4080.IH
H4080
pbinns on DSKJLVW7X2PROD with BILLS
‘‘COVID–19 Restitution Trust Fund’’ (in this section re-
ferred to as the ‘‘Trust Fund’’). 
(b) DEPOSIT OF AMOUNTS.—The Trust Fund shall 
consist of the following: 
(1) Amounts equal to the amounts of duties im-
posed on imports of any good from the People’s Re-
public of China, and any component manufactured 
in the People’s Republic of China that is incor-
porated in any good imported from any other coun-
try, under section 3. 
(2) Amounts provided by the People’s Republic 
of China to provide full compensation and reim-
bursement relating to COVID–19, if any. 
(c) APPROPRIATION.—The amount of funds depos-
ited in the Trust Fund is appropriated to the President 
and may be expended to provide full compensation and 
reimbursement relating to COVID–19 in accordance with 
the compensation program established under section 5. 
Such funds may not be used for any other purpose. 
SEC. 5. COMPENSATION AND REIMBURSEMENT PROGRAM. 
(a) IN GENERAL.—The Attorney General, acting 
through a Special Master appointed by the Attorney Gen-
eral, shall— 
VerDate Sep 11 2014 
23:28 Jul 16, 2021
Jkt 019200
PO 00000
Frm 00008
Fmt 6652
Sfmt 6201
E:\BILLS\H4080.IH
H4080
pbinns on DSKJLVW7X2PROD with BILLS
(1) establish and administer a program to pro-
vide compensation and reimbursement with respect 
to— 
(A) economic losses incurred in the United 
States resulting from COVID–19; 
(B) financial losses of each business in the 
United States resulting from COVID–19; 
(C) funds and other forms of assistance 
made available by the Federal government to 
address COVID–19; and 
(D) financial losses of each State and local 
government resulting from COVID–19; 
(2) promulgate all procedural and substantive 
rules for the administration of the program; and 
(3) employ and supervise hearing officers and 
other administrative personnel to perform the duties 
of the Special Master under the program. 
(b) ECONOMIC LOSS DEFINED.—In this section, the 
term ‘‘economic loss’’ means any pecuniary loss resulting 
from harm, including the loss of earnings or other benefits 
related to employment, medical expense loss, replacement 
services loss, loss due to death, burial costs, and loss of 
business or employment opportunities. 
VerDate Sep 11 2014 
23:28 Jul 16, 2021
Jkt 019200
PO 00000
Frm 00009
Fmt 6652
Sfmt 6201
E:\BILLS\H4080.IH
H4080
pbinns on DSKJLVW7X2PROD with BILLS
SEC. 6. REPORT. 
Not later than 90 days after the date of the enact-
ment of this Act, the Secretary of State shall submit to 
Congress a report— 
(1) identifying countries the Secretary deter-
mines have been adversely impacted by the Chinese 
Communist Party, specifically related to the coverup, 
misstatements, and obfuscation on the origin of 
COVID–19; and 
(2) describing measures the Secretary plans to 
take to encourage other countries to adopt similar 
tariffs or other retaliatory measures to collect dam-
ages from the People’s Republic of China. 
Æ 
VerDate Sep 11 2014 
23:28 Jul 16, 2021
Jkt 019200
PO 00000
Frm 00010
Fmt 6652
Sfmt 6301
E:\BILLS\H4080.IH
H4080
pbinns on DSKJLVW7X2PROD with BILLS