China Market Economy Status Congressional Review Act

Bill: 114-s-2906
Sponsor: full_name: Sen. Franken, Al [D-MN]
Introduced: 2016-05-09
Policy area: Foreign Trade and International Finance
Subjects: Asia

China

Competitiveness, trade promotion, trade deficits

Congressional oversight

Tariffs
Latest action: action_date: 2016-05-09
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2016-05-09
action_desc: Introduced in Senate
text: <p><b>China Market Economy Status Congressional Review Act</b></p> <p>This bill amends the Tariff Act of 1930 to bar revocation of a determination by the administering authority (the Secretary of Commerce or any other U.S. officer) that the People's Republic of China is a nonmarket economy country unless: </p> <ul> <li>the administering authority determines and reports to Congress that China no longer meets the requirements of a nonmarket economy country; and </li> <li>Congress, within 45 days after the receipt of such a report, enacts a joint resolution of approval. </li> </ul>

tv_txt: II 114th CONGRESS 2d Session S. 2906 IN THE SENATE OF THE UNITED STATES May 9, 2016 Mr. Franken (for himself, Ms. Baldwin , and Ms. Klobuchar ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Tariff Act of 1930 to require congressional approval of determinations to revoke the designation of the People’s Republic of China as a nonmarket economy country for purposes of that Act.

1. Short title This Act may be cited as the China Market Economy Status Congressional Review Act . 2. Congressional approval of determinations to revoke the designation of the People’s Republic of China as a nonmarket economy country under the Tariff Act of 1930 (a) In general Section 771(18) of the Tariff Act of 1930 ( 19 U.S.C. 1677(18) ) is amended— (1) in subparagraph (C)(i), by striking Any determination and inserting Except as provided in subparagraph (D), any determination ; (2) by redesignating subparagraphs (D) and (E) as subparagraphs (E) and (F), respectively; and (3) by inserting after subparagraph (C) the following: (D) Special rule with respect to the People’s Republic of China (i) In general A determination made by the administering authority under subparagraph (A) that the People’s Republic of China is a nonmarket economy country may not be revoked under subparagraph (C)(i) unless— (I) the administering authority determines and reports to Congress that the People’s Republic of China no longer meets the requirements of a nonmarket economy country under this paragraph; and (II) Congress, within 45 days after receipt of a report under subclause (I), enacts a joint resolution the matter after the resolving clause of which is as follows: That the determination of the administering authority under section 771(18)(D)(i)(I) of the Tariff Act of 1930 pursuant to the report submitted to Congress on __ is hereby approved. , with the blank space being filled with the appropriate date. (ii) Joint resolution described A joint resolution described in clause (i) and introduced within the 45-day period specified in that clause shall be considered in the Senate and the House of Representatives in accordance with paragraphs (3) through (7) of section 8066(c) of the Department of Defense Appropriations Act, 1985 ( Public Law 98–473 ; 98 Stat. 1936) in the same manner as a joint resolution considered under that section, except that any reference in such paragraphs to the Committee on Appropriations of the Senate shall be deemed to be a reference to the Committee on Finance of the Senate and any reference in such paragraphs to the Committee on Appropriations of the House of Representatives shall be deemed to be a reference to the Committee on Ways and Means of the House of Representatives. . (b) Application The amendments made by subsection (a) take effect on the date of the enactment of this Act and apply with respect to any determination made by the administering authority under section 771(18)(A) of the Tariff Act of 1930 ( 19 U.S.C. 1677(18)(A) ) on or after such date.