[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6071 Introduced in House (IH)]
111th CONGRESS
2d Session
H. R. 6071
To withdraw normal trade relations treatment from the products of the
People's Republic of China, to provide for a balanced trade
relationship between that country and the United States, and for other
purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
July 30, 2010
Mr. Sherman (for himself, Ms. Ros-Lehtinen, Mr. Kagen, Mr. Jones, Ms.
Shea-Porter, Mr. Patrick J. Murphy of Pennsylvania, and Mr. DeFazio)
introduced the following bill; which was referred to the Committee on
Ways and Means, and in addition to the Committee on Rules, for a period
to be subsequently determined by the Speaker, in each case for
consideration of such provisions as fall within the jurisdiction of the
committee concerned
_______________________________________________________________________
A BILL
To withdraw normal trade relations treatment from the products of the
People's Republic of China, to provide for a balanced trade
relationship between that country and the United States, and for other
purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Emergency China Trade Act of 2010''.
SEC. 2. FINDINGS.
Congress makes the following findings:
(1) The United States and the People's Republic of China
are among the world's largest economies and are among the
world's largest producers and consumers of goods.
(2) The Government of the People's Republic of China has
pursued an international trade policy that violates its
obligations as a member of the World Trade Organization and
other international organizations, which has resulted in a
perpetual, historically high trade imbalance with the United
States that threatens the stability of the global economy.
(3) As members of both the World Trade Organization and the
International Monetary Fund, the People's Republic of China has
assumed a series of international legal obligations to
eliminate all subsidies for exports and to facilitate
international trade. The People's Republic of China has failed
to do so.
(4) The Chinese Government continues to maintain control
over the decisions of Chinese enterprises through ownership,
board membership, and coercion.
(5) The Chinese Government, directly and indirectly,
facilitates unfair requirements for coproduction agreements
between United States companies and Chinese entities.
(6) Since 1994, the People's Republic of China has
repeatedly intervened in currency markets and taken measures
that have significantly misaligned the value of its currency
against the United States dollar and other currencies. This
policy by the People's Republic of China has resulted in
substantial undervaluation of the renminbi by up to 40 percent
or more.
SEC. 3. SENSE OF CONGRESS.
It is the sense of Congress that--
(1) a persistent trade deficit with the People's Republic
of China is harmful to the long-term health of the United
States economy and must be corrected; and
(2) the President should begin immediate, expedited
negotiations with the People's Republic of China that are
designed to eliminate the trade deficit within 4 years.
SEC. 4. WITHDRAWAL OF NORMAL TRADE RELATIONS TREATMENT FROM THE
PEOPLE'S REPUBLIC OF CHINA.
Notwithstanding the provisions of title I of Public Law 106-286,
title IV of the Trade Act of 1974, or any other provision of law, upon
the expiration of the 6-month period beginning on the date of the
enactment of this Act--
(1) normal trade relations treatment shall not apply to the
products of the People's Republic of China, and normal trade
relations treatment may not thereafter be extended to the
products of that country; and
(2) the column 2 rate of duty under the Harmonized Tariff
Schedule of the United States shall apply to the products of
the People's Republic of China.
SEC. 5. BALANCED TRADE RELATIONS WITH THE PEOPLE'S REPUBLIC OF CHINA.
(a) In General.--The President shall, upon the enactment of this
Act, take the necessary steps to negotiate a trade relationship with
the People's Republic of China that will achieve and maintain balanced
trade between the United States and the People's Republic of China
within four years after the date of the enactment of this Act.
(b) Submission of Implementing Legislation.--
(1) In general.--Upon conclusion of the negotiations
specified in subsection (a), the President shall submit
implementing legislation to Congress.
(2) Implementing legislation.--For purposes of this
section, the term ``implementing legislation'' means
legislation that only contains provisions that are necessary to
carry out any agreements negotiated under subsection (a).
(3) Expedited consideration.--
(A) In the house of representatives.--For the
purpose of expediting the consideration and enactment
of implementing legislation submitted under paragraph
(1), a motion to proceed to the consideration of such
implementing legislation after it has been reported by
the appropriate committee shall be treated as highly
privileged in the House of Representatives.
(B) In the senate.--Implementing legislation
submitted under paragraph (1) shall be considered in
the Senate in accordance with the provisions of section
601(b) of the International Security Assistance and
Arms Export Control Act of 1976.
(c) Effect of Enactment of Implementing Legislation.--Upon the
enactment of implementing legislation under this section, section 4
shall cease to be effective.
SEC. 6. DEFINITIONS.
In this Act, the term ``balanced trade'' means a balance of trade
between the United States and the People's Republic of China that
ensures the value of United States goods exported from the United
States, on a balance of payment basis, is equal in value to goods
imported from the People's Republic of China, on a balance of payment
basis.
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