This legislation directs the United States Trade Representative (USTR) to establish a continuous monitoring program for industrial subsidies originating from the Government of the People's Republic of China. In coordination with several federal agencies, the USTR will track both existing subsidies and any planned new or expanded subsidy programs by China. Annually, the USTR must submit a comprehensive report to the Senate Committee on Finance and the House Committee on Ways and Means. This report is tasked with identifying current and projected Chinese industrial subsidies that pose significant risks to employment and manufacturing within the United States, with a particular focus on strategically critical industries and the production of strategically critical goods . Furthermore, the report must include actionable recommendations for legislative, administrative, or other measures designed to mitigate the identified risks. These critical definitions ensure the focus remains on sectors vital for U.S. national and economic security, including those related to critical infrastructure and key technology focus areas.