Bill > S687

This bill, the Strengthening Trade, Regional Alliances, Technology, and Economic and Geopolitical Initiatives concerning China Act or the STRATEGIC Act, establishes a comprehensive policy to address the threat posed by the People's Republic of China (PRC) across political, economic, technological, and military domains. The key provisions of the bill include: - Mandating the development of a strategy of "managed strategic competition" with the PRC to protect U.S. interests, including strengthening alliances and partnerships, maintaining U.S. presence and capabilities in the Indo-Pacific, and deterring PRC aggression. - Imposing consequences on PRC companies that have benefited from intellectual property theft or forced technology transfer, including potential export restrictions and financial sanctions. - Authorizing programs to assist U.S. companies in diversifying supply chains away from China and to facilitate coordination between U.S. regulatory agencies and their foreign counterparts on technical standards and norms. - Establishing new transparency and disclosure requirements related to the PRC's "corporate social credit system" and the presence of PRC companies in U.S. capital markets. - Bolstering U.S. and allied defense capabilities in the Indo-Pacific through increased security cooperation, arms sales, and coordination. - Promoting strategic stability through arms control dialogue with China and preserving extended nuclear deterrence assurances to allies.

Government Affairs

https://www.congress.gov/bill/117th-congress/senate-bill/687/all-info