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China Trade Cheating Restitution Act of 2023

12/7/2023, 5:05 PM

Summary of Bill S 1904

Bill 118 s 1904, also known as the China Trade Cheating Restitution Act of 2023, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to address the issue of unfair trade practices by China that have negatively impacted American businesses and workers.

The bill aims to hold China accountable for its trade cheating by imposing tariffs and other penalties on Chinese imports that have been found to be in violation of international trade agreements. Additionally, the bill seeks to provide restitution to American businesses and workers who have been harmed by China's unfair trade practices.

Furthermore, the China Trade Cheating Restitution Act of 2023 includes provisions for increased monitoring and enforcement of trade agreements with China, as well as measures to strengthen the US economy and protect American jobs. Overall, this bill is designed to level the playing field for American businesses and workers in the face of unfair competition from China. It represents a bipartisan effort to address the challenges posed by China's trade cheating and ensure a fair and competitive global marketplace for American goods and services.

Congressional Summary of S 1904

China Trade Cheating Restitution Act of 2023

This bill requires the deposit into special accounts of certain interest earned on antidumping and countervailing duties collected by U.S. Customs and Border Protection on or after October 1, 2000. Currently, the applicable date is October 1, 2014. Amounts in special accounts are distributed to affected domestic producers.

Current Status of Bill S 1904

Bill S 1904 is currently in the status of Bill Introduced since June 8, 2023. Bill S 1904 was introduced during Congress 118 and was introduced to the Senate on June 8, 2023.  Bill S 1904's most recent activity was Read twice and referred to the Committee on Finance. as of June 8, 2023

Bipartisan Support of Bill S 1904

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 1904

Primary Policy Focus

Foreign Trade and International Finance

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