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

Hozzl · 2023-03-09T17:47:48Z

Explore the details of House Bill 3719 To amend the Continuing Appropriations Act, 2021 and Other Extensions Act to limit financial assistance provided to State-owned enterprises, and for other purposes. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Foreign Trade and International Finance. Stay informed on legislative developments.

3/9/2023, 5:47 PM

Summary of Bill HR 3719

Bill 117 hr 3719 aims to amend the Continuing Appropriations Act, 2021 and Other Extensions Act in order to restrict the amount of financial assistance that can be given to State-owned enterprises. The bill seeks to ensure that taxpayer funds are not being used to prop up businesses that are owned or controlled by the government. This legislation is designed to promote fair competition in the marketplace and prevent the government from unfairly favoring certain companies over others.

In addition to limiting financial assistance to State-owned enterprises, the bill also includes provisions for other purposes. These additional measures are not specified in the summary provided, but may include regulations on government contracts, transparency requirements, or other related issues.

Overall, Bill 117 hr 3719 is focused on promoting accountability and fairness in government spending, particularly when it comes to supporting businesses that are owned or controlled by the state. By placing limits on financial assistance to these enterprises, the bill aims to ensure that taxpayer dollars are being used responsibly and in a manner that benefits the economy as a whole.

Congressional Summary of HR 3719

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.

Such countries are those that

are identified as nonmarket economy countries (i.e., foreign countries that do not operate on market principles of cost or pricing structures),
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
are subject to monitoring by the USTR.

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Current Status of Bill HR 3719

Bill HR 3719 is currently in the status of Bill Introduced since June 4, 2021. Bill HR 3719 was introduced during Congress 117 and was introduced to the House on June 4, 2021. Bill HR 3719's most recent activity was Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials. as of June 15, 2021

Bipartisan Support of Bill HR 3719

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 3719

Primary Policy Focus

Foreign Trade and International Finance

Alternate Title(s) of Bill HR 3719

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