3.0.0 295 2025-01-14T19:00:46Z 2025-01-14T19:00:46Z Senate S S 2023-02-07 118 ssfr00 Foreign Relations Committee Senate Standing Referred To 2023-02-07T21:53:26Z 118 1135 HR 2024-12-17 Referred to the Subcommittee on Trade. Related bill CRS 2023-02-07 ssfr00 Foreign Relations Committee Senate Read twice and referred to the Committee on Foreign Relations. IntroReferral 2023-02-07 Introduced in Senate IntroReferral 10000 9 Library of Congress Y000064 Sen. Young, Todd [R-IN] Todd Young R IN N C001088 Sen. Coons, Christopher A. [D-DE] Christopher Coons D DE A. 2023-02-07 True D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2023-03-28 False S001198 Sen. Sullivan, Dan [R-AK] Dan Sullivan R AK 2023-03-28 False Foreign Trade and International Finance Congressional oversight 2023-05-10T15:00:27Z Congressional-executive branch relations 2023-05-10T15:00:27Z Foreign aid and international relief 2023-05-10T15:00:27Z Free trade and trade barriers 2023-05-10T15:00:27Z Legislative rules and procedure 2023-05-10T15:00:27Z Licensing and registrations 2023-05-10T15:00:27Z Presidents and presidential powers, Vice Presidents 2023-05-10T15:00:27Z Tariffs 2023-05-10T15:00:27Z Trade restrictions 2023-05-10T15:00:27Z Foreign Trade and International Finance 2023-02-23T15:00:24Z

00 2023-02-07 Introduced in Senate 2023-05-03T16:55:12Z <p><strong>Countering Economic Coercion Act of </strong><b>2023</b></p> <p>This bill authorizes the President to take certain actions to assist foreign trading partners affected by economic coercion and penalize foreign adversaries. <em>Economic coercion</em> refers to actions, practices, or threats undertaken by a foreign adversary to unreasonably restrain, obstruct, or manipulate trade, foreign aid, investment, or commerce with the intent to cause economic harm to achieve strategic political objectives or influence sovereign political actions.</p> <p>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.</p> <p>Further, the bill authorizes the President to exercise specified authorities to penalize a foreign adversary engaged in economic coercion. The authorities include increasing duties and modifying tariff-rate quotas.</p> <p>The bill outlines consultation and notification requirements. It also provides a process for an expedited determination regarding economic coercion.</p> <p>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 disapproval, or (3) when the President revokes the determination. </p> <p>The bill also directs the President to endeavor to coordinate with other foreign trading partners to broaden economic support for the foreign trading partner and condemn the actions of the foreign adversary.</p>

Display Title 45 2024-07-24T15:23:53Z Short Title(s) as Introduced 101 2024-05-24T13:42:39Z Introduced in Senate IS Official Title as Introduced 6 2023-02-22T08:28:48Z Introduced in Senate IS Introduced in Senate 2023-02-07T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s295is/xml/BILLS-118s295is.xml 2023-02-07 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.