China Trade Relations Act of 2023

Hozzl · 2023-12-15T16:05:32Z

Explore the details of Senate Bill 125 China Trade Relations Act of 2023 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.

12/15/2023, 4:05 PM

Summary of Bill S 125

Bill 118 s 125, also known as the China Trade Relations Act of 2023, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to address the trade relationship between the United States and China.

One of the key provisions of the China Trade Relations Act is the establishment of a framework for negotiating trade agreements with China. This framework includes provisions for addressing issues such as intellectual property rights, market access, and currency manipulation. The bill also aims to promote fair and reciprocal trade between the two countries.

Additionally, the China Trade Relations Act includes measures to address concerns about human rights abuses in China. This includes provisions for monitoring and reporting on human rights violations in China, as well as measures to hold Chinese officials accountable for their actions. Overall, the China Trade Relations Act of 2023 seeks to strengthen the trade relationship between the United States and China while also addressing important issues such as intellectual property rights and human rights abuses. It is currently being debated in Congress, and its ultimate fate remains uncertain.

Congressional Summary of S 125

China Trade Relations Act of 2023

This bill withdraws normal trade relations treatment from China and expands the bases of ineligibility for this treatment to include specified violations of human rights by China.

Specifically, during any period in which China engages in specified activities (e.g., using slave labor, performing forced abortion or sterilization, or hindering the free exercise of religion) (1) products from China shall not be eligible to receive nondiscriminatory treatment (normal trade relations), (2) China may not participate in any U.S. program that extends credits or credit guarantees or investment guarantees, and (3) the President may not conclude any commercial agreement with China.

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Current Status of Bill S 125

Bill S 125 is currently in the status of Bill Introduced since January 26, 2023. Bill S 125 was introduced during Congress 118 and was introduced to the Senate on January 26, 2023. Bill S 125's most recent activity was Read twice and referred to the Committee on Finance. as of January 26, 2023

Bipartisan Support of Bill S 125

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 S 125

Primary Policy Focus

Foreign Trade and International Finance

Potential Impact Areas

- Asia

- China

- Congressional oversight

- Congressional-executive branch relations

- Human rights

- Legislative rules and procedure

- Normal trade relations, most-favored-nation treatment

- Presidents and presidential powers, Vice Presidents

- Sanctions

- Trade restrictions

- U.S. and foreign investments

Alternate Title(s) of Bill S 125

China Trade Relations Act of 2023

A bill to withdraw normal trade relations treatment from, and apply certain provisions of title IV of the Trade Act of 1974 to, products of the People's Republic of China, and to expand the eligibility requirements for products of the People's Republic of China to receive normal trade relations treatment in the future, and for other purposes.