3.0.0 8163 2023-01-11T13:45:02Z 2023-01-11T13:45:02Z House HR 2020-09-04 116 [Congressional Record Volume 166, Number 153 (Friday, September 4, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BARR:H.R. 8163.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the United States Constitution.[Page H4325]]]> hsba00 Financial Services Committee House Standing Referred to 2020-09-04T14:32:05Z 2020-09-04 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2020-09-04 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-09-04 Introduced in House IntroReferral 1000 9 Library of Congress B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 N Foreign Trade and International Finance Advisory bodies Asia Buy American requirements China Competitiveness, trade promotion, trade deficits Congressional oversight Foreign and international corporations Government lending and loan guarantees Foreign Trade and International Finance 00 2020-09-04 Introduced in House 2020-12-11T20:43:02Z Countering China Through American Export Competitiveness Act

This bill modifies certain responsibilities of the Export-Import Bank of the United States related to its Program on China and Transformational Exports. The program supports financing at rates and on terms that are fully competitive with rates and terms established by China in order to (1) directly neutralize export subsidies for competing goods and services, or (2) advance the comparative leadership of the United States through specified exports.

The bill prohibits the bank generally from guaranteeing, insuring, or extending credit for which the end user, lender, or obligor is China. The bill also raises from 20% to 33% the dedicated amount that the bank should reserve for the program, and it sets the default rate limit for program loans at 5%.

The bill authorizes the bank to waive some, or all, of the domestic content requirements that would otherwise apply to a transaction if it determines that doing so would be in the national security interest of the United States. The bill also establishes an advisory committee to advise the bank on the development of policies and programs that support the expansion of the bank's financial commitments in accordance with the program to counter China.

]]> Countering China Through American Export Competitiveness Act Display Title Countering China Through American Export Competitiveness Act Short Title(s) as Introduced Countering China Through American Export Competitiveness Act Introduced in House IH Official Title as Introduced To limit support for deals with Chinese state-owned enterprises, to increase the set-aside goal for the Program on China and Transformational Exports, and for other purposes. Introduced in House IH Introduced in House 2020-09-04T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr8163ih/xml/BILLS-116hr8163ih.xml 2020-09-04 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.