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Neutralizing Unfair Chinese Export Subsidies Act of 2023
12/15/2023, 3:54 PM
Summary of Bill HR 1137
Bill 118 hr 1137, also known as the Neutralizing Unfair Chinese Export Subsidies Act of 2023, aims to address the issue of unfair trade practices by China. The bill specifically targets Chinese export subsidies, which are financial incentives given by the Chinese government to domestic companies to help them sell their products at lower prices in international markets.
The bill seeks to neutralize these subsidies by imposing tariffs on goods imported from China that benefit from these subsidies. This is intended to level the playing field for American companies that are competing with Chinese companies in the global market.
Additionally, the bill includes provisions for the establishment of a task force to monitor and investigate Chinese export subsidies, as well as measures to strengthen enforcement mechanisms to ensure compliance with the new regulations. Overall, the Neutralizing Unfair Chinese Export Subsidies Act of 2023 is aimed at protecting American businesses from unfair competition and promoting fair trade practices in the global market.
The bill seeks to neutralize these subsidies by imposing tariffs on goods imported from China that benefit from these subsidies. This is intended to level the playing field for American companies that are competing with Chinese companies in the global market.
Additionally, the bill includes provisions for the establishment of a task force to monitor and investigate Chinese export subsidies, as well as measures to strengthen enforcement mechanisms to ensure compliance with the new regulations. Overall, the Neutralizing Unfair Chinese Export Subsidies Act of 2023 is aimed at protecting American businesses from unfair competition and promoting fair trade practices in the global market.
Current Status of Bill HR 1137
Bill HR 1137 is currently in the status of Bill Introduced since February 21, 2023. Bill HR 1137 was introduced during Congress 118 and was introduced to the House on February 21, 2023. Bill HR 1137's most recent activity was Referred to the House Committee on Financial Services. as of February 21, 2023
Bipartisan Support of Bill HR 1137
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 1137
Primary Policy Focus
Foreign Trade and International FinanceComments
Sponsors and Cosponsors of HR 1137
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