[Congressional Record Volume 170, Number 115 (Thursday, July 11, 2024)]
[Senate]
[Page S4798]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2470. Mr. RUBIO submitted an amendment intended to be proposed by 
him to the bill S. 4638, to authorize appropriations for fiscal year 
2025 for military activities of the Department of Defense, for military 
construction, and for defense activities of the Department of Energy, 
to prescribe military personnel strengths for such fiscal year, and for 
other purposes; which was ordered to lie on the table; as follows:

       At the end of subtitle D of title XII, add the following:

     SEC. 1266. 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).
                                 ______