Bill > HR953

This bill aims to enhance the United States' trade competitiveness and economic leadership in the Indo-Pacific region by establishing two key mechanisms. First, the bill requires the United States International Trade Commission to conduct a comprehensive 180-day investigation into how existing regional trade agreements, such as the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), impact U.S. exports, business opportunities, supply chains, and competitiveness. Second, the bill creates an independent 12-member Indo-Pacific Trade Strategy Commission tasked with developing a comprehensive trade strategy to counter China's economic influence, promote U.S. innovation and exports, strengthen economic and national security, and advance U.S. values and standards in the region. The commission, comprising experts in international trade, economic issues, labor, and environmental policy, will be appointed by key congressional committees and will conduct public and potentially classified hearings, gather public input, consult quarterly with Congress, and submit a final report within 18 months of the bill's enactment. The bill recognizes the strategic importance of the Indo-Pacific region, which accounts for over 60% of global GDP and two-thirds of global economic growth, and seeks to provide a meaningful alternative to China's growing economic influence in the area.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/953/all-info