Stop China’s Financing of Russia’s Invasion Act

Bill: 117-hr-7114
Sponsor: full_name: Rep. Budd, Ted [R-NC-13]
Introduced: 2022-03-17
Policy area: Foreign Trade and International Finance
Subjects: Agricultural trade

Asia

China

Conflicts and wars

Congressional oversight

Europe

Free trade and trade barriers

Grain

International organizations and cooperation

Military operations and strategy

Presidents and presidential powers, Vice Presidents

Russia

Sanctions

Tariffs

Trade restrictions

Ukraine

War and emergency powers
Latest action: action_date: 2022-03-17
text: Referred to the Committee on Ways and Means, and in addition to the Committee on Foreign Affairs, 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.

Summaries:
action_date: 2022-03-17
action_desc: Introduced in House
text: <p><strong>Stop China's Financing of Russia's Invasion Act</strong></p> <p>This bill requires additional tariffs on certain Chinese goods if China increases its importation of wheat and barley from Russia.</p> <p>Specifically, the bill requires the U.S. Trade Representative (USTR) to certify to the President whether China has increased the volume of wheat and barley imported from Russia relative to the volume imported on February 1, 2022. Upon an affirmative confirmation and until certain requirements are met, the President must impose an additional tariff of 20% on Chinese products that are classified under section I, II, or III of the Harmonized Tariff Schedule (which includes, among others, animal and vegetable products).</p> <p>Additionally, the bill directs the USTR to take certain actions, including to consider steps to suspend Russia's participation in the World Trade Organization.</p>

tv_txt: I 117th CONGRESS 2d Session H. R. 7114 IN THE HOUSE OF REPRESENTATIVES March 17, 2022 Mr. Budd introduced the following bill; which was referred to the Committee on Ways and Means , and in addition to the Committee on Foreign Affairs , 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 A BILL To impose retaliatory tariffs on Chinese goods for financially supporting Russia through the increased purchases of Russian agricultural products during Russia’s ongoing invasion of Ukraine, and for other purposes.

1. Short title This Act may be cited as the Stop China’s Financing of Russia’s Invasion Act . 2. Certification by United States Trade Representative Not later than 10 days after the date of the enactment of this Act, the United States Trade Representative shall certify to the President whether China has increased the volume of wheat and barley imported from Russia relative to the volume imported on February 1, 2022. 3. Imposition of additional tariffs Upon an affirmative certification under section 2, the President shall, using all authorities granted to the President by the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq. ) relating to the regulation of imports, impose on each article classifiable under section I, II, or III of the Harmonized Tariff Schedule of the United States that originates from China and is imported into the customs territory of the United States (as such term is defined in General Note 2 to the Harmonized Tariff Schedule of the United States) an additional tariff of 20 percent of the value of such article. 4. Relaxation of additional tariffs (a) In general The additional tariffs imposed pursuant to section 3 shall be removed beginning on the day after the date described in subsection (b). (b) Date described The date described in this subsection is the first date on which each of the following has occurred: (1) Either— (A) the United States Trade Representative certifies to the President that the volume of Chinese imports of Russian wheat and barley has returned to or fallen below the volume imported on February 1, 2022; or (B) the Secretary of State certifies to the President that the Russian invasion of Ukraine has ceased. (2) The President transmits to Congress the applicable certification described in paragraph (1). (3) There is enacted statutory approval of such certification and for the removal of the additional tariffs. 5. Cooperation and accountability at the World Trade Organization The United States Trade Representative shall use the voice and influence of the United States at the World Trade Organization to— (1) condemn the recent aggression, human rights abuses, and war crimes by Russia; (2) encourage China and all other countries to not economically help the Russian Federation pay for its war by increasing the volume of their trading relationships with the Russian Federation while the violent and unprovoked invasion transpires; and (3) consider further steps with the view to suspend the Russian Federation’s participation in the World Trade Organization.