Bill > S125

This bill, the China Trade Relations Act of 2023, proposes several key changes: 1. It would withdraw "normal trade relations" (NTR) treatment from products of the People's Republic of China, meaning they would no longer receive preferential tariff rates. Going forward, China would only be eligible for NTR status if it meets the requirements of Title IV of the Trade Act of 1974, as it was before China's accession to the World Trade Organization. 2. The bill expands the bases on which China could be deemed ineligible for NTR, including violations of human rights, the use of forced labor, the operation of "vocational training and education centers", and engaging in economic espionage against the U.S. The President would be required to submit periodic reports to Congress certifying that China is not violating these provisions. 3. The bill provides the President with waiver authority to temporarily extend NTR status to China, but this waiver could be overridden by a joint resolution of disapproval from Congress. The waiver authority would be subject to periodic extension or termination. Overall, the bill aims to increase oversight and accountability around China's trade status with the U.S. based on human rights and national security considerations.

Budget and Finance

https://www.congress.gov/bill/118th-congress/senate-bill/125/all-info