S-3361 : Still Just a Bill


Fair Trade with China Enforcement Act

This bill revises trade, finance, and tax provisions with respect to China.

The bill directs the Department of Commerce to prohibit the export of certain U.S. technology and intellectual property to China.

The bill amends the Securities Exchange Act of 1934 to place a shareholder cap on Chinese investments in certain U.S. corporations.

Federal agencies are prohibited from using or procuring telecommunications equipment or services from Huawei Technologies Company, ZTE Corporation, or any other entity reasonably believed to be owned or controlled by China.

The bill amends the Trade Act of 1974 to require the U.S. Trade Representative to list certain Chinese products that receive support pursuant to China's Made in China 2025 policy. The bill amends the Tariff Act of 1930 to expedite the countervailing duty process (i.e., the imposition of duties to offset a subsidy by a foreign government) for products on such a list.

The bill amends the Internal Revenue Code to: (1) repeal certain reduced withholding rates for residents of China, and (2) tax income received by China from certain U.S. investments.

Action Timeline

Action DateTypeTextSource
2018-08-21IntroReferralRead twice and referred to the Committee on Finance.Senate
2018-08-21IntroReferralIntroduced in SenateLibrary of Congress

Sponsor :

Marco Rubio [R] (FL)
See Cosponsors

Policy Area :

Foreign Trade and International Finance
Related Subjects
  • Alliances
  • Aviation and airports
  • Competitiveness, trade promotion, trade deficits
  • Computers and information technology
  • Electric power generation and transmission
  • Energy storage, supplies, demand
  • Foreign and international banking
  • Foreign and international corporations
  • Free trade and trade barriers
  • Genetics
  • Health technology, devices, supplies
  • Human rights
  • Hybrid, electric, and advanced technology vehicles
  • Income tax exclusion
  • Income tax rates
  • Industrial policy and productivity
  • Intellectual property
  • Internet, web applications, social media
  • Manufacturing
  • Marine and inland water transportation
  • Military procurement, research, weapons development
  • Motor vehicles
  • Protest and dissent
  • Public contracts and procurement
  • Railroads
  • Securities
  • Sovereignty, recognition, national governance and status
  • Tariffs
  • Taxation of foreign income
  • Technology transfer and commercialization
  • Telephone and wireless communication
  • Trade restrictions
  • U.S. and foreign investments
  • Wages and earnings
  • Agricultural equipment and machinery
  • Materials
Related Geographic Entities
  • Asia
  • China
  • Hong Kong
Related Organizations

Related Bills

See Related Bills