Protecting U.S. Business Sovereignty Act
1/9/2024, 11:26 PMSummary of Bill HR 4653
Bill 118 hr 4653, also known as the Protecting U.S. Business Sovereignty Act, is a piece of legislation currently being considered by the United States Congress. The main purpose of this bill is to protect American businesses from foreign interference and ensure that they maintain their sovereignty in the global marketplace.The bill aims to achieve this by implementing several key provisions. Firstly, it seeks to strengthen the enforcement of existing trade agreements and regulations to prevent unfair competition from foreign entities. This includes cracking down on intellectual property theft, currency manipulation, and other practices that harm American businesses.
Additionally, the Protecting U.S. Business Sovereignty Act aims to promote fair and reciprocal trade relationships with other countries. This means that the bill will work to ensure that American businesses have equal access to foreign markets, while also holding other countries accountable for any unfair trade practices that disadvantage U.S. companies. Furthermore, the bill includes measures to enhance the competitiveness of American businesses in the global economy. This includes investing in research and development, promoting innovation, and supporting small and medium-sized enterprises to help them compete on a level playing field with larger corporations. Overall, the Protecting U.S. Business Sovereignty Act is designed to safeguard American businesses from external threats and ensure that they can thrive in the increasingly competitive global marketplace. By promoting fair trade practices and protecting intellectual property rights, this bill aims to strengthen the U.S. economy and support the growth of American businesses.
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Current Status of Bill HR 4653
Bill HR 4653 is currently in the status of Bill Introduced since July 14, 2023. Bill HR 4653 was introduced during Congress 118 and was introduced to the House on July 14, 2023. Bill HR 4653's most recent activity was Referred to the House Committee on Financial Services. as of July 14, 2023Bipartisan Support of Bill HR 4653
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
0Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 4653
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill HR 4653
Protecting U.S. Business Sovereignty ActProtecting U.S. Business Sovereignty ActTo require the Securities and Exchange Commission to conduct a study on the detrimental impact of the Directive on Corporate Sustainability Due Diligence and the Corporate Sustainability Reporting Directive on United States companies, and for other purposes.Comments
Most relevant
Sponsors and Cosponsors of HR 4653
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