Neutralizing Unfair Chinese Export Subsidies Act of 2020 This bill places requirements on the Department of the Treasury related to negotiations to end export credit financing. Specifically, the bill requires Treasury to submit a strategy for U.S. advocacy and cooperation with allies and partners. Such strategy shall encompass how to (1) ensure compliance by China with the financial terms and conditions of the Organization for Economic Cooperation and Development Arrangement on Officially Supported Export Credits, and (2) eliminate subsidized export financing programs and other forms of export subsidies. Additionally, the bill shifts certain requirements for negotiations related to ending export credit financing that currently lay with the President to the Department of the Treasury.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Introduced in House
Referred to the House Committee on Financial Services.
Foreign Trade and International Finance
ChinaCompetitiveness, trade promotion, trade deficitsCongressional oversightGovernment lending and loan guaranteesTrade agreements and negotiationsTrade restrictions
Neutralizing Unfair Chinese Export Subsidies Act of 2020
USA116th CongressHR-5846| House
| Updated: 2/11/2020
Neutralizing Unfair Chinese Export Subsidies Act of 2020 This bill places requirements on the Department of the Treasury related to negotiations to end export credit financing. Specifically, the bill requires Treasury to submit a strategy for U.S. advocacy and cooperation with allies and partners. Such strategy shall encompass how to (1) ensure compliance by China with the financial terms and conditions of the Organization for Economic Cooperation and Development Arrangement on Officially Supported Export Credits, and (2) eliminate subsidized export financing programs and other forms of export subsidies. Additionally, the bill shifts certain requirements for negotiations related to ending export credit financing that currently lay with the President to the Department of the Treasury.