Bill 119 hr 1504, also known as the "China Trade Relations Act," aims to change the trade relationship between the United States and the People's Republic of China. The bill proposes to withdraw normal trade relations treatment from products of China and apply certain provisions of the Trade Act of 1974 to these products. This means that the US would no longer treat China as a normal trading partner and would impose certain restrictions on their products.
Additionally, the bill seeks to expand the eligibility requirements for products of China to receive normal trade relations treatment in the future. This could potentially open up new opportunities for trade between the two countries, but with stricter regulations in place.
Overall, the goal of Bill 119 hr 1504 is to reevaluate and potentially change the trade relationship between the US and China in order to protect American interests and ensure fair trade practices.