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.
[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1137 Introduced in House (IH)]
<DOC>
118th CONGRESS
1st Session
H. R. 1137
To provide for working with allies to seek increased compliance by
China with certain OECD export credit standards.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
February 21, 2023
Mr. Nunn of Iowa introduced the following bill; which was referred to
the Committee on Financial Services
_______________________________________________________________________
A BILL
To provide for working with allies to seek increased compliance by
China with certain OECD export credit standards.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Neutralizing Unfair Chinese Export
Subsidies Act of 2023''.
SEC. 2. WORKING WITH ALLIES TO ENSURE CHINA'S COMPLIANCE WITH OECD
STANDARDS.
(a) In General.--Within 180 days after the date of the enactment of
this Act, the Secretary of the Treasury shall submit to the Committee
on Financial Services of the House of Representatives and the Committee
on Banking, Housing, and Urban Affairs of the Senate a detailed
strategy and timeline with respect to--
(1) strengthening United States advocacy and cooperation
with appropriate allies and partners to seek to ensure
substantial compliance by China with the financial terms and
conditions of the OECD Arrangement on Officially Supported
Export Credits; and
(2) the goal described in section 11(a)(1) of the Export-
Import Bank Reauthorization Act of 2012.
(b) International Negotiations on Export Subsidies.--
(1) In general.--Section 11(a)(1) of the Export-Import Bank
Reauthorization Act of 2012 (12 U.S.C. 635a-5(a)(1)) is amended
by striking ``with the possible goal of eliminating, before the
date that is 10 years after the date of the enactment of the
Export-Import Bank Reform and Reauthorization Act of 2015,''
and inserting ``with the goal of eliminating, before the date
that is 10 years after the date of the enactment of the
Neutralizing Unfair Chinese Export Subsidies Act of 2023''.
(2) Progress report.--Section 11(e) of such Act (12 U.S.C.
635a-5(e)) is amended by striking ``2019'' and inserting
``2029''.
(3) Conduct of negotiations.--Section 11 of such Act (12
U.S.C. 635a-5) is amended--
(A) in each of subsections (a) and (d), by striking
``The President'' and inserting ``The Secretary of the
Treasury, in consultation with the United States Trade
Representative,'';
(B) in subsection (a), by inserting ``, and
endeavor to hold not less frequently than twice per
year,'' before ``negotiations'';
(C) in each of subsections (b), (c), and (e), by
striking ``President'' each place it appears and
inserting ``Secretary of the Treasury''; and
(D) in subsection (d), by inserting ``, and
endeavor to hold such negotiations not less frequently
than twice per year'' before the period.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line