Bill > HR6001

This bill, the Fair Trade with China Enforcement Act, aims to safeguard U.S. national and economic security from the influence of the People's Republic of China (PRC). It does this through several key provisions: 1. It requires the U.S. Trade Representative to establish a list of PRC-supported products under the "Made in China 2025" industrial policy and prohibits the export of U.S. national security-sensitive technology and intellectual property to China. 2. It imposes a shareholder cap, prohibiting PRC-based majority ownership of U.S. corporations that produce components used in goods exported from China. 3. It bans U.S. government agencies from procuring or using telecommunications equipment or services from Chinese companies like Huawei and ZTE, which are seen as security risks. 4. It includes PRC-made products on the list of "countervailable subsidies" subject to U.S. countervailing duties, and repeals reduced tax withholding rates for PRC residents. It also imposes a surtax on certain PRC-related income earned by U.S. persons. The overall goal is to restrict China's access to sensitive U.S. technology, reduce PRC influence in the U.S. economy, and encourage U.S. production over reliance on China.

Budget and Finance, Business and Industry

https://www.congress.gov/bill/115th-congress/house-bill/6001/all-info