[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 3868 Introduced in Senate (IS)]

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118th CONGRESS
  2d Session
                                S. 3868

  To impose a duty of $20,000 per motor vehicle produced in or by the 
                      People's Republic of China.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 5, 2024

   Mr. Rubio introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
  To impose a duty of $20,000 per motor vehicle produced in or by the 
                      People's Republic of China.

    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 ``Strengthening Tariffs on Chinese 
Autos Act of 2024''.

SEC. 2. DUTIES ON MOTOR VEHICLES PRODUCED IN OR BY THE PEOPLE'S 
              REPUBLIC OF CHINA.

    (a) In General.--Notwithstanding any other provision of law, there 
shall be imposed with respect to each covered article imported into the 
United States a duty of $20,000, subject to adjustment under subsection 
(b).
    (b) Adjustment of Duty for Inflation.--
            (1) In general.--The Secretary of the Treasury shall adjust 
        the amount of the duty provided for under subsection (a) on 
        October 1, 2025, and at the beginning of each fiscal year 
        thereafter, to reflect the percentage (if any) of the increase 
        in the average of the Consumer Price Index for the preceding 
        12-month period compared to the Consumer Price Index for fiscal 
        year 2024.
            (2) Special rules for calculation of adjustment.--In 
        adjusting under paragraph (1) the amount of the duty provided 
        for under subsection (a), the Secretary--
                    (A) shall round the amount of any increase in the 
                Consumer Price Index to the nearest dollar; and
                    (B) may ignore any such increase of less than 1 
                percent.
    (c) Definitions.--In this section:
            (1) Consumer price index.--The term ``Consumer Price 
        Index'' means the Consumer Price Index for All Urban Consumers 
        published by the Bureau of Labor Statistics of the Department 
        of Labor.
            (2) Control.--The term ``control'' has the meaning given 
        that term in section 800.208 of title 31, Code of Federal 
        Regulations (as in effect on the date of the enactment of this 
        Act).
            (3) Covered article.--The term ``covered article'' means an 
        article--
                    (A) classified under chapter 8703 of the Harmonized 
                Tariff Schedule of the United States; and
                    (B) produced or manufactured, or that underwent 
                final assembly--
                            (i) in the People's Republic of China; or
                            (ii) by a person of the People's Republic 
                        of China.
            (4) Entity owned, controlled, directed, or operated by a 
        person of the people's republic of china.--The term ``entity 
        owned, controlled, directed, or operated by a person of the 
        People's Republic of China'' includes any entity for which, on 
        any date during the most recent 12-month period, not less than 
        25 percent of the equity interests in such entity are held 
        directly or indirectly by 1 or more persons of the People's 
        Republic of China, including through--
                    (A) interests in co-investment vehicles, joint 
                ventures, or similar arrangements; or
                    (B) a derivative financial instrument or 
                contractual arrangement between the entity and a person 
                of the People's Republic of China, including any such 
                instrument or contract that seeks to replicate any 
                financial return with respect to such entity or 
                interest in such entity.
            (5) Person of the people's republic of china.--The term 
        ``person of the People's Republic of China'' means--
                    (A) the Government of the People's Republic of 
                China;
                    (B) any agency, instrumentality, official, or agent 
                of that Government;
                    (C) any entity the headquarters of which are 
                located in the People's Republic of China;
                    (D) any entity organized under the laws of the 
                People's Republic of China;
                    (E) any entity substantively involved in the 
                industrial policies or military-civil fusion strategy 
                of the People's Republic of China, including by 
                accepting funding from, performing a service for, or 
                receiving a subsidy from the People's Republic of China 
                related to such policies or strategy; or
                    (F) any entity owned, controlled, directed, or 
                operated by an entity described in any of subparagraphs 
                (A) through (E).
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