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Bill > HR1704


US HR1704

US HR1704
Championing American Business Through Diplomacy Act of 2019


summary

Introduced
03/13/2019
In Committee
04/09/2019
Crossed Over
05/08/2019
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

Championing American Business Through Diplomacy Act of 2019 Championing American Business Through Diplomacy Act of 2019 This bill establishes within the Department of State an Assistant Secretary of State for Economic and Business Matters, and establishes that a principal duty of a diplomatic mission to a foreign country is the promotion of U.S. economic and commercial interests in that country. The Assistant Secretary shall be responsible for matters relating to international economics and business matters in foreign policy. The State Department shall train various Foreign Service officers, as part of their standard training, on matters including economic and commercial diplomacy, with a particular focus on market access, commercial advocacy, and increasing awareness of U.S. government assistance available to businesses. The President shall initiate negotiations with countries to establish international standards for government-supported infrastructure investment overseas. The negotiations shall cover issues including the sovereignty of countries receiving investment, anti-corruption, and environmental standards. The bill calls for various reports to Congress, including a State Department report about each mission's activities to promote U.S. economic and business interests, and a State Department and Department of Commerce report on commercial relations with foreign countries, including information on each country or region's political environment and investment climate.

AI Summary

This bill establishes an Assistant Secretary of State for Economic and Business Matters within the Department of State, with responsibilities related to international trade, investment, finance, and support for U.S. businesses. It also makes the promotion of U.S. economic and commercial interests a principal duty of each diplomatic mission. The bill requires additional training for Foreign Service officers on economic and commercial diplomacy, and calls for various reports to Congress on the activities of diplomatic missions to promote U.S. economic interests and the state of commercial relations with foreign countries. Additionally, the bill directs the President to initiate negotiations with other countries to establish international standards for government-supported infrastructure investment overseas.

Committee Categories

Government Affairs, Military Affairs and Security

Sponsors (8)

Last Action

Received in the Senate and Read twice and referred to the Committee on Foreign Relations. (on 05/08/2019)

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