H.R.5846 - Neutralizing Unfair Chinese Export Subsidies Act of 2020116th Congress (2019-2020)
|Sponsor:||Rep. Zeldin, Lee M. [R-NY-1] (Introduced 02/11/2020)|
|Committees:||House - Financial Services|
|Latest Action:||House - 02/11/2020 Referred to the House Committee on Financial Services. (All Actions)|
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Summary: H.R.5846 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (02/11/2020)
Neutralizing Unfair Chinese Export Subsidies Act of 2020
This bill places requirements on the Department of the Treasury related to negotiations to end export credit financing.
Specifically, the bill requires Treasury to submit a strategy for U.S. advocacy and cooperation with allies and partners. Such strategy shall encompass how to (1) ensure compliance by China with the financial terms and conditions of the Organization for Economic Cooperation and Development Arrangement on Officially Supported Export Credits, and (2) eliminate subsidized export financing programs and other forms of export subsidies.
Additionally, the bill shifts certain requirements for negotiations related to ending export credit financing that currently lay with the President to the Department of the Treasury.