Fair Trade with China Enforcement Act
The source supplies the latest action, but no lifecycle stage.
Latest action (8 Jun 2018): Referred to the Subcommittee on Trade.
What this bill does
The Fair Trade with China Enforcement Act, introduced by Rep. Michael Conaway on June 5, 2018, would create new restrictions on economic and technological ties between the United States and China. It directs the U.S. Trade Representative to compile an annual list of Chinese products benefiting from China's "Made in China 2025" industrial policy, and bars export to China of national security-sensitive technology and intellectual property. It would cap Chinese ownership of certain U.S. companies at less than a majority stake, prohibit federal agencies from using telecommunications equipment or services from Huawei, ZTE, or similar Chinese entities, and impose countervailing duties and material-injury findings on goods from the listed Chinese industries. It also removes reduced U.S.-China tax treaty withholding rates, changes tax treatment of U.S. government obligations held by China's government, and includes provisions from a separate "Stopping Foreign Businesses Sanctuary Act" concerning U.S. court jurisdiction over foreign entities.
The bill would primarily affect U.S. companies with Chinese investors or business ties, federal agencies and contractors using certain telecommunications equipment, importers and exporters trading with China, and the Chinese government's holdings of U.S. Treasury securities. It reflects concerns raised by the sponsor about intellectual property theft, national security risks from Chinese telecom firms, and trade imbalances.
The bill was introduced and referred to the House Committees on Ways and Means, Financial Services, Judiciary, Foreign Affairs, and Oversight and Government Reform. It did not receive a vote during the 115th Congress and did not become law.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Fair Trade with China Enforcement Act
This bill revises trade, finance, and tax provisions with respect to China.
The bill directs the Department of Commerce to prohibit the export of certain U.S. technology and intellectual property to China.
The bill amends the Securities Exchange Act of 1934 to place a shareholder cap on Chinese investments in certain U.S. corporations.
Federal agencies are prohibited from using or procuring telecommunications equipment or services from Huawei Technologies Company, ZTE Corporation, or any other entity reasonably believed to be owned or controlled by China.
The bill amends the Trade Act of 1974 to require the U.S. Trade Representative to list certain Chinese products that receive support pursuant to China's Made in China 2025 policy. The bill amends the Tariff Act of 1930 to expedite the countervailing duty process (i.e., the imposition of duties to offset a subsidy by a foreign government) for products on such a list.
The bill amends the Internal Revenue Code to:
• repeal certain reduced withholding rates for residents of China,
Timeline
8 Jun 2018
Referred to the Subcommittee on Trade.
Common questions
- What does H.R. 6001 do?
- The Fair Trade with China Enforcement Act, introduced by Rep. Michael Conaway on June 5, 2018, would create new restrictions on economic and technological ties between the United States and China. It directs the U.S. Trade Representative to compile an annual list of Chinese products benefiting from China's "Made in China 2025" industrial policy, and bars export to China of national security-sensitive technology and intellectual property. It would cap Chinese ownership of certain U.S. companies at less than a majority stake, prohibit federal agencies from using telecommunications equipment or services from Huawei, ZTE, or similar Chinese entities, and impose countervailing duties and material-injury findings on goods from the listed Chinese industries. It also removes reduced U.S.-China tax treaty withholding rates, changes tax treatment of U.S. government obligations held by China's government, and includes provisions from a separate "Stopping Foreign Businesses Sanctuary Act" concerning U.S. court jurisdiction over foreign entities. The bill would primarily affect U.S. companies with Chinese investors or business ties, federal agencies and contractors using certain telecommunications equipment, importers and exporters trading with China, and the Chinese government's holdings of U.S. Treasury securities. It reflects concerns raised by the sponsor about intellectual property theft, national security risks from Chinese telecom firms, and trade imbalances. The bill was introduced and referred to the House Committees on Ways and Means, Financial Services, Judiciary, Foreign Affairs, and Oversight and Government Reform. It did not receive a vote during the 115th Congress and did not become law.
- Has H.R. 6001 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 6001. Check the latest action and official source below.
- Who sponsored H.R. 6001?
- H.R. 6001 was sponsored by Rep. Conaway, K. Michael [R-TX-11] (R-TX), with 3 cosponsors.
- What's the latest action on H.R. 6001?
- Referred to the Subcommittee on Trade. (8 Jun 2018).
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More bills from Rep. Conaway, K. Michael [R-TX-11]
Fair Trade with China Enforcement Act
Agriculture Improvement Act of 2018
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