Bill > S4112

This bill, the Economic Statecraft for the Twenty-First Century Act, takes a comprehensive approach to address economic issues involving the United States. It includes provisions to: - Require disclosure of any Chinese debt owed by applicants for U.S. foreign aid and prohibit using that aid to pay back Chinese loans. - Coordinate with the OECD on studying and responding to China's Belt and Road Initiative and other predatory economic practices. - Establish a Countering Chinese Economic Coercion Task Force to develop and implement a strategy to address China's coercive economic practices. - Provide assistance to allies and partners to review and address foreign investment transactions that could pose national security risks. - Improve anti-counterfeiting measures and track intellectual property theft by Chinese state-owned enterprises. - Restrict exports of semiconductor manufacturing equipment to China, monitor China's semiconductor industry, and coordinate with allies on supply chain security. - Promote the Build Back Better World infrastructure initiative, U.S. development finance, and regional economic cooperation. - Bolster U.S. leadership and representation in international standards-setting bodies for emerging technologies like AI. - Leverage U.S. influence in international financial institutions to address rising debt in developing countries, promote transparency, and support the COVID-19 recovery. - Establish new offices and programs to improve economic resilience against shocks and destabilizing events.

Government Affairs

https://www.congress.gov/bill/117th-congress/senate-bill/4112/all-info