Title: Trade with China Strategic Assessment Act of 2022
Policy area: Foreign Trade and International Finance

Summary:
Trade with China Strategic Assessment Act of 2022
This bill directs the Department of Commerce to report to Congress on the state of economic integration between the United States and China.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 5352 Introduced in Senate (IS)]

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117th CONGRESS
  2d Session
                                S. 5352

 To require a report on the state of economic integration between the 
           United States and the People's Republic of China.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           December 21, 2022

  Mr. Portman introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To require a report on the state of economic integration between the 
           United States and the People's Republic of China.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Trade with China Strategic 
Assessment Act of 2022''.

SEC. 2. REPORT ON ECONOMIC INTEGRATION BETWEEN THE UNITED STATES AND 
              THE PEOPLE'S REPUBLIC OF CHINA.

    (a) In General.--Not later than one year after the date of the 
enactment of this Act, and every 3 years thereafter for 15 years, the 
Secretary of Commerce, in coordination with the United States Trade 
Representative, shall submit to Congress a report on the state of 
economic integration between the United States and the People's 
Republic of China.
    (b) Contents.--Each report required by subsection (a) shall include 
the following:
            (1) An assessment of the current level of economic 
        integration between the United States and the People's Republic 
        of China in each priority sector.
            (2) An assessment of how economic integration between the 
        United States and the People's Republic of China has changed, 
        and is predicted to change, over time for each priority sector.
            (3) An analysis of the extent to which each priority sector 
        of the United States and the People's Republic of China should, 
        in the view of the Secretary, become more or less integrated 
        during the 5-year period following submission of the report.
            (4) Any recommendations for changes to United States trade 
        law or policy to achieve the desired level of integration for 
        each priority sector identified under paragraph (3).
            (5) Any other information the Secretary considers 
        appropriate.
    (c) Consultation and Public Hearings.--In producing each report 
required by subsection (a), the Secretary may--
            (1) consult with any other Federal agency that the 
        Secretary considers necessary; and
            (2) conduct public hearings to gather, or otherwise allow 
        interested parties an opportunity to present, information and 
        advice relevant to the report.
    (d) Form of Report.--Each report required by subsection (a) shall 
be submitted in unclassified form but may include a classified annex.
    (e) Applicability of FOIA.--Nothing in this section, or in a report 
required by subsection (a), shall be construed to allow the disclosure 
of information or a record that is exempt from public disclosure under 
section 552 of title 5, United States Code (commonly known as the 
``Freedom of Information Act'').
    (f) Applicability of Paperwork Reduction Act.--Subchapter I of 
chapter 35 of title 44, United States Code (commonly known as the 
``Paperwork Reduction Act''), shall not apply to this section.
    (g) Priority Sector Defined.--In this section, the term ``priority 
sector'' means one of the following elements of an economy:
            (1) Electronic consumer goods.
            (2) Non-electronic consumer goods.
            (3) Energy.
            (4) Apparel and textiles.
            (5) Artificial intelligence.
            (6) Information and communication technology, including 
        fifth or future generation technology.
            (7) Quantum computing.
            (8) Automobiles and trucks and parts for automobiles and 
        trucks.
            (9) Ships and maritime transportation.
            (10) Trains and railroad products.
            (11) Aircraft and aircraft parts.
            (12) Space systems.
            (13) Semiconductors.
            (14) Financial services.
            (15) Non-financial services.
            (16) Agricultural products.
            (17) Pharmaceuticals and medical devices.
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