Economic Statecraft for the Twenty-First Century Act

Bill: 117-s-4112
Sponsor: Sen. Menendez, Robert [D-NJ]
Introduced: 2022-04-28 in the Senate
Policy area: International Affairs
Subjects: Advanced technology and technological innovations
Advisory bodies
Air quality
Alliances
Alternative and renewable resources
Asia
Atmospheric science and weather
Austria
Bulgaria
Business ethics
Cardiovascular and respiratory health
Caribbean area
China
Climate change and greenhouse gases
Competition and antitrust
Competitiveness, trade promotion, trade deficits
Computer security and identity theft
Computers and information technology
Conflicts and wars
Congressional oversight
Consumer affairs
Credit and credit markets
Croatia
Customs enforcement
Czech Republic
Department of State
Digital media
Diplomacy, foreign officials, Americans abroad
Disaster relief and insurance
Economic development
Economic performance and conditions
Electric power generation and transmission
Emergency medical services and trauma care
Energy storage, supplies, demand
Environmental assessment, monitoring, research
Estonia
Europe
European Union
Executive agency funding and structure
Federal officials
Foreign aid and international relief
Foreign and international corporations
Foreign loans and debt
Free trade and trade barriers
Government ethics and transparency, public corruption
Government information and archives
Government studies and investigations
Government trust funds
Health care coverage and access
Health technology, devices, supplies
Human rights
Hungary
Hybrid, electric, and advanced technology vehicles
Immunology and vaccination
Infectious and parasitic diseases
Inflation and prices
Infrastructure development
Intellectual property
Interest, dividends, interest rates
International monetary system and foreign exchange
International organizations and cooperation
Japan
Labor standards
Latin America
Latvia
Lithuania
Manufacturing
Metals
Military operations and strategy
Mining
Monetary policy
Multilateral development programs
Netherlands
Performance measurement
Photography and imaging
Poland
Public-private cooperation
Research administration and funding
Research and development
Romania
Rule of law and government transparency
Russia
Slovakia
Slovenia
Solid waste and recycling
Sovereignty, recognition, national governance and status
Taiwan
Trade restrictions
Trade secrets and economic espionage
U.S. International Development Finance Corporation
U.S. and foreign investments
Ukraine
United Nations
World health

Summary:
action_date: 2022-04-28
text: 

Economic Statecraft for the Twenty-First Century Act

 
This bill addresses various economic issues related to foreign policy. For example, the bill (1) establishes the Countering Economic Coercion Task Force to oversee the implementation of an integrated U.S. government strategy to respond to any economic practices by China that are abusive, arbitrary, and contrary to international rules; (2) requires U.S. Customs and Border Protection to increase inspections of goods imported from countries identified as a top source of counterfeit goods; (3) requires the Department of State to develop a strategy for engaging with other countries to institute controls on the export of semiconductor manufacturing equipment to China; and (4) requires the President to support a 10th general capital increase for the Inter-American Development Bank.


Legislative actions:
action_date: 2022-04-28
text: Read twice and referred to the Committee on Foreign Relations.
action_date: 2022-04-28
text: Introduced in Senate