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

Bill: 117-hr-3719
Sponsor: full_name: Rep. Maloney, Sean Patrick [D-NY-18]
Introduced: 2021-06-04
Policy area: Foreign Trade and International Finance
Latest action: action_date: 2021-06-15
text: Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.

Summaries:
action_date: 2021-06-04
action_desc: Introduced in House
text: <p>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.</p> <p>Such countries are those that </p> <ul> <li> are identified as nonmarket economy countries (i.e., foreign countries that do not operate on market principles of cost or pricing structures),</li> <li>are identified by the U.S. Trade Representative (USTR) as a priority foreign country (e.g., a country that does not protect intellectual property rights), and</li> <li>are subject to monitoring by the USTR. </li> </ul>

tv_txt: I 117th CONGRESS 1st Session H. R. 3719 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.

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: 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. .