Bill > S172

This bill amends three existing trade laws to expand and clarify how import enforcement actions can be applied to products from what the bill terms "foreign adversary countries," specifically China, Russia, Iran, North Korea, Cuba, and Venezuela (during Maduro's presidency). The bill broadens the definition of what constitutes an article from these countries by including any product produced, manufactured, or finally assembled by an entity that is at least 25% owned by a foreign adversary party, even if the product is technically manufactured in another country. The bill defines a "foreign adversary party" broadly, including government agencies, entities organized under the adversary country's laws, entities headquartered in those countries, and entities involved in specific industrial or military strategies (particularly for China). These changes would allow trade representatives and the President to apply trade enforcement actions, tariffs, or national security measures to a much wider range of products with connections to these countries, effectively closing potential loopholes that companies might use to circumvent existing trade restrictions. The goal appears to be preventing companies from disguising the origin of products from these nations or using indirect ownership structures to bypass existing trade regulations.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/172/all-info