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US HR1135

US HR1135
Countering Economic Coercion Act of 2023


summary

Introduced
02/21/2023
In Committee
12/17/2024
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A BILL To grant certain authorities to the President to combat economic coercion by foreign adversaries, and for other purposes.

AI Summary

This bill grants the President additional authorities to combat economic coercion by foreign adversaries against U.S. allies and trading partners. The bill allows the President to take actions such as reducing tariffs, providing foreign aid, expediting export licenses, and coordinating with allies to support foreign trading partners subject to economic coercion. It also allows the President to increase tariffs on goods from foreign adversaries engaged in such coercion. The bill establishes procedures for congressional review and approval/disapproval of the President's actions. Overall, the bill aims to empower the U.S. government to counter and respond to economic coercion tactics used by foreign adversaries against American allies and partners.

Committee Categories

Business and Industry, Military Affairs and Security

Sponsors (10)

Last Action

Referred to the Subcommittee on Trade. (on 12/17/2024)

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