3.0.0 4514 2022-12-29T18:33:46Z 2022-12-29T18:33:46Z Senate S 2022-07-13 117 ssfr00 Foreign Relations Committee Senate Standing Referred to 2022-07-13T16:09:52Z 2022-07-13 ssfr00 Foreign Relations Committee Senate Read twice and referred to the Committee on Foreign Relations. IntroReferral 2022-07-13 Introduced in Senate IntroReferral 10000 9 Library of Congress Y000064 Sen. Young, Todd [R-IN] Todd Young R IN C. N C001088 Sen. Coons, Christopher A. [D-DE] Christopher Coons D DE A. 2022-07-13 True D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2022-07-27 False S001198 Sen. Sullivan, Dan [R-AK] Dan Sullivan R AK 2022-07-27 False Foreign Trade and International Finance Foreign Trade and International Finance 00 2022-07-13 Introduced in Senate 2022-09-20T21:28:43Z Countering Economic Coercion Act of 2022

This bill authorizes the President to take certain actions to assist foreign trading partners affected by economic coercion. Economic coercion refers to actions or threats undertaken by a foreign adversary to restrain, obstruct, or manipulate trade, foreign aid, investment, or commerce with the intent to cause economic harm or influence sovereign political actions.

Specifically, the bill authorizes the President (upon a determination that a foreign trading partner is subject to economic coercion) to exercise specified authorities to support or assist the foreign trading partner. These authorities include, among others, decreasing duties or modifying tariff-rate quotas on imports from the foreign trading partner, requesting appropriations for foreign aid, and expediting export licensing decisions and regulatory processes.

The President must consult with Congress prior to exercising any authority. Additionally, the President must publish notice in the Federal Register related to the exercise of such authority.

Any determination of economic coercion must be revoked at the earliest of (1) two years from the date of determination, (2) upon a joint resolution of Congress, or (3) when the President revokes the determination.

The bill also directs the President to endeavor to coordinate with other foreign trading partners to broaden economic support for the foreign trading partner.

]]> Countering Economic Coercion Act of 2022 Display Title Countering Economic Coercion Act of 2022 Short Title(s) as Introduced Countering Economic Coercion Act of 2022 Introduced in Senate IS Official Title as Introduced A bill to grant certain authorities to the President to combat economic coercion by foreign adversaries, and for other purposes. Introduced in Senate IS Introduced in Senate 2022-07-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s4514is/xml/BILLS-117s4514is.xml 2022-07-13 Read twice and referred to the Committee on Foreign Relations. 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.