Fair Trade with China Enforcement Act

Bill: 115-hr-6001
Sponsor: Rep. Conaway, K. Michael [R-TX-11]
Introduced: 2018-06-05 in the House
Policy area: Foreign Trade and International Finance
Subjects: Agricultural equipment and machinery
Alliances
Asia
Aviation and airports
China
Competitiveness, trade promotion, trade deficits
Computers and information technology
Corporate finance and management
Electric power generation and transmission
Energy storage, supplies, demand
Foreign and international banking
Foreign and international corporations
Free trade and trade barriers
Genetics
Health technology, devices, supplies
Hong Kong
Human rights
Hybrid, electric, and advanced technology vehicles
Income tax exclusion
Income tax rates
Industrial policy and productivity
Intellectual property
Internet and video services
Internet, web applications, social media
Jurisdiction and venue
Manufacturing
Marine and inland water transportation
Materials
Military procurement, research, weapons development
Motor vehicles
Protest and dissent
Public contracts and procurement
Railroads
Securities
Sovereignty, recognition, national governance and status
Tariffs
Taxation of foreign income
Technology transfer and commercialization
Telephone and wireless communication
Trade restrictions
U.S. and foreign investments
Wages and earnings

Summary:
action_date: 2018-06-05
text: 

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.
 
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. 
 
 

Stopping Foreign Businesses Sanctuary Act of 2018 

 
This bill amends the federal judicial code to allow U.S. courts to hear cases against certain entities or corporate affiliates of a foreign state.


Legislative actions:
action_date: 2018-06-08
text: Referred to the Subcommittee on Trade.
action_date: 2018-06-05
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, the Judiciary, Foreign Affairs, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2018-06-05
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, the Judiciary, Foreign Affairs, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2018-06-05
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, the Judiciary, Foreign Affairs, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2018-06-05
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, the Judiciary, Foreign Affairs, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2018-06-05
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, the Judiciary, Foreign Affairs, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2018-06-05
text: Introduced in House
action_date: 2018-06-05
text: Introduced in House