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Neutralizing Unfair Chinese Export Subsidies Act of 2020
2/8/2022, 11:17 PM
Congressional Summary of HR 5846
Neutralizing Unfair Chinese Export Subsidies Act of 2020
This bill places requirements on the Department of the Treasury related to negotiations to end export credit financing.
Specifically, the bill requires Treasury to submit a strategy for U.S. advocacy and cooperation with allies and partners. Such strategy shall encompass how to (1) ensure compliance by China with the financial terms and conditions of the Organization for Economic Cooperation and Development Arrangement on Officially Supported Export Credits, and (2) eliminate subsidized export financing programs and other forms of export subsidies.
Additionally, the bill shifts certain requirements for negotiations related to ending export credit financing that currently lay with the President to the Department of the Treasury.
Read the Full Bill
Current Status of Bill HR 5846
Bill HR 5846 is currently in the status of Bill Introduced since February 11, 2020. Bill HR 5846 was introduced during Congress 116 and was introduced to the House on February 11, 2020. Bill HR 5846's most recent activity was Referred to the House Committee on Financial Services. as of February 11, 2020
Bipartisan Support of Bill HR 5846
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5846
Primary Policy Focus
Foreign Trade and International FinancePotential Impact Areas
- China
- Competitiveness, trade promotion, trade deficits
- Congressional oversight
- Government lending and loan guarantees
- Trade agreements and negotiations
- Trade restrictions
Alternate Title(s) of Bill HR 5846
Neutralizing Unfair Chinese Export Subsidies Act of 2020
To provide for working with allies to seek increased compliance by China with certain OECD export credit standards.
Neutralizing Unfair Chinese Export Subsidies Act of 2020
Comments
Sponsors and Cosponsors of HR 5846
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