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Safeguarding Trade Opportunities and Preventing China’s Anti-Competitive Practices Act
12/19/2024, 9:05 AM
Summary of Bill HR 7997
Bill 118 hr 7997, also known as the Safeguarding Trade Opportunities and Preventing China’s Anti-Competitive Practices Act, is a piece of legislation introduced in the US Congress with the aim of addressing China's unfair trade practices and protecting American businesses.
The bill focuses on several key areas, including intellectual property theft, forced technology transfer, and currency manipulation. It seeks to strengthen enforcement mechanisms to hold China accountable for these practices and ensure a level playing field for American companies.
Additionally, the bill aims to enhance cooperation with US allies and partners to address China's anti-competitive behavior on a global scale. It also includes provisions to increase transparency and accountability in trade negotiations with China. Overall, the Safeguarding Trade Opportunities and Preventing China’s Anti-Competitive Practices Act is designed to protect American businesses from unfair trade practices and promote a more balanced and equitable trading relationship with China.
The bill focuses on several key areas, including intellectual property theft, forced technology transfer, and currency manipulation. It seeks to strengthen enforcement mechanisms to hold China accountable for these practices and ensure a level playing field for American companies.
Additionally, the bill aims to enhance cooperation with US allies and partners to address China's anti-competitive behavior on a global scale. It also includes provisions to increase transparency and accountability in trade negotiations with China. Overall, the Safeguarding Trade Opportunities and Preventing China’s Anti-Competitive Practices Act is designed to protect American businesses from unfair trade practices and promote a more balanced and equitable trading relationship with China.
Read the Full Bill
Current Status of Bill HR 7997
Bill HR 7997 is currently in the status of Bill Introduced since April 15, 2024. Bill HR 7997 was introduced during Congress 118 and was introduced to the House on April 15, 2024. Bill HR 7997's most recent activity was Referred to the Subcommittee on Trade. as of December 17, 2024
Bipartisan Support of Bill HR 7997
Total Number of Sponsors
2Democrat Sponsors
0Republican Sponsors
2Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7997
Primary Policy Focus
Foreign Trade and International FinanceAlternate Title(s) of Bill HR 7997
Safeguarding Trade Opportunities and Preventing China’s Anti-Competitive Practices Act
Safeguarding Trade Opportunities and Preventing China’s Anti-Competitive Practices Act
To amend the Trade Act of 1974 to provide for the automatic exclusion of China as a beneficiary country.
Comments
Sponsors and Cosponsors of HR 7997
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