Title: To amend the Continuing Appropriations Act, 2021 and Other Extensions Act to limit financial assistance provided to State-owned enterprises, and for other purposes.
Policy area: Foreign Trade and International Finance

Summary:
This bill limits the provision of funds authorized for surface transportation programs to an entity that is owned, controlled by, or otherwise related legally or financially to a corporation based in specified countries.
Such countries are those that

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3719 Introduced in House (IH)]

<DOC>






117th CONGRESS
  1st Session
                                H. R. 3719

 To amend the Continuing Appropriations Act, 2021 and Other Extensions 
Act to limit financial assistance provided to State-owned enterprises, 
                        and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              June 4, 2021

  Mr. Sean Patrick Maloney of New York introduced the following bill; 
       which was referred to the Committee on Transportation and 
                             Infrastructure

_______________________________________________________________________

                                 A BILL


 
 To amend the Continuing Appropriations Act, 2021 and Other Extensions 
Act to limit financial assistance provided to State-owned enterprises, 
                        and for other purposes.

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

SECTION 1. LIMITATION ON FINANCIAL ASSISTANCE FOR STATE-OWNED 
              ENTERPRISES.

    Title I of division B of the Continuing Appropriations Act, 2021 
and Other Extensions Act (Public Law 116-159) is amended by adding at 
the end the following:

``SEC. 1107. LIMITATION ON FINANCIAL ASSISTANCE FOR STATE-OWNED 
              ENTERPRISES.

    ``(a) In General.--Funds authorized under this division may not be 
used in awarding a contract, subcontract, grant, or loan to an entity 
that is owned or controlled by, is a subsidiary of, or is otherwise 
related legally or financially to a corporation based in a country 
that--
            ``(1) is identified as a nonmarket economy country (as 
        defined in section 771(18) of the Tariff Act of 1930 (19 U.S.C. 
        1677(18))) as of the date of enactment of this Act;
            ``(2) was identified by the United States Trade 
        Representative in the most recent report required by section 
        182 of the Trade Act of 1974 (19 U.S.C. 2242) as a priority 
        foreign country under subsection (a)(2) of that section; and
            ``(3) is subject to monitoring by the Trade Representative 
        under section 306 of the Trade Act of 1974 (19 U.S.C. 2416).
    ``(b) Exception.--For purposes of subparagraph (A), the term 
`otherwise related legally or financially' does not include a minority 
relationship or investment.
    ``(c) International Agreements.--This paragraph shall be applied in 
a manner consistent with the obligations of the United States under 
international agreements.''.
                                 <all>