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Strengthen American Competitiveness Against Harmful Subsidies Act of 2023

USA118th CongressS-2545| Senate 
| Updated: 7/26/2023
Margaret Wood Hassan

Margaret Wood Hassan

Democratic Senator

New Hampshire

Cosponsors (1)
Bill Cassidy (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Strengthen American Competitiveness Against Harmful Subsidies Act of 2023 This bill requires the Office of the U.S. Trade Representative (USTR) to regularly monitor and report on industrial subsidies provided by the Chinese government. First, the USTR must coordinate with specified federal agencies to regularly monitor (1) industrial subsidies provided by the Chinese government; and (2) plans by the Chinese government to implement new, or expand existing, industrial subsidies. Second, the USTR must coordinate with specified federal agencies to submit an annual report to Congress that identifies current and expected industrial subsidies provided by the Chinese government that pose a significant risk to (1) employment in the United States, including employment in strategically critical industries; and (2) manufacturing in the United States, including production of strategically critical goods. This report must also include recommendations for legislative, administrative, or other actions that could mitigate the risks posed by industrial subsidies.
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Timeline
Jul 26, 2023
Introduced in Senate
Jul 26, 2023
Read twice and referred to the Committee on Finance.
  • July 26, 2023
    Introduced in Senate


  • July 26, 2023
    Read twice and referred to the Committee on Finance.

Foreign Trade and International Finance

Strengthen American Competitiveness Against Harmful Subsidies Act of 2023

USA118th CongressS-2545| Senate 
| Updated: 7/26/2023
Strengthen American Competitiveness Against Harmful Subsidies Act of 2023 This bill requires the Office of the U.S. Trade Representative (USTR) to regularly monitor and report on industrial subsidies provided by the Chinese government. First, the USTR must coordinate with specified federal agencies to regularly monitor (1) industrial subsidies provided by the Chinese government; and (2) plans by the Chinese government to implement new, or expand existing, industrial subsidies. Second, the USTR must coordinate with specified federal agencies to submit an annual report to Congress that identifies current and expected industrial subsidies provided by the Chinese government that pose a significant risk to (1) employment in the United States, including employment in strategically critical industries; and (2) manufacturing in the United States, including production of strategically critical goods. This report must also include recommendations for legislative, administrative, or other actions that could mitigate the risks posed by industrial subsidies.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 26, 2023
Introduced in Senate
Jul 26, 2023
Read twice and referred to the Committee on Finance.
  • July 26, 2023
    Introduced in Senate


  • July 26, 2023
    Read twice and referred to the Committee on Finance.
Margaret Wood Hassan

Margaret Wood Hassan

Democratic Senator

New Hampshire

Cosponsors (1)
Bill Cassidy (Republican)

Finance Committee

Foreign Trade and International Finance

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted