Bill > S3361

This bill aims to safeguard U.S. technology and intellectual property from being exported to or influenced by China, and to protect U.S. industries from unfair competition by China. Key provisions include: 1. Establishing a list of products manufactured or produced in, or exported from, China that receive support from the Chinese government under its "Made in China 2025" industrial policy. 2. Prohibiting the export of U.S. national security-sensitive technology and intellectual property to China. 3. Imposing a shareholder cap to prevent Chinese investors from having a majority ownership in U.S. corporations that produce components for goods included in the "Made in China 2025" list. 4. Prohibiting U.S. government agencies from procuring or using certain Chinese telecommunications equipment or services deemed to pose national security risks. 5. Imposing countervailing duties on Chinese imports related to the "Made in China 2025" plan, and repealing reduced withholding tax rates for Chinese residents and taxing Chinese government holdings of U.S. obligations. The overall aim is to strengthen the U.S. position and create a more balanced economic relationship with China by safeguarding strategic U.S. assets, reducing Chinese involvement in the U.S. economy, and encouraging domestic production over imports from China.

Budget and Finance

https://www.congress.gov/bill/115th-congress/senate-bill/3361/all-info