HR 1137 · 118th Congress · Foreign Trade and International Finance
Neutralizing Unfair Chinese Export Subsidies Act of 2023
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Financial Services.(2023-02-21)
Plain Language Summary
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Neutralizing Unfair Chinese Export Subsidies Act of 2023 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 Treasury.…
Summarized by Claude AI · Non-partisan · For informational purposes only