Fair Trade with China Enforcement Act
Latest action (21 Aug 2018): Introduced
What this bill does
S. 3361, the "Fair Trade with China Enforcement Act," was introduced in the Senate on August 21, 2018, by Sen. Marco Rubio (R-FL) with Sen. Tammy Baldwin as a cosponsor. The bill would direct the U.S. Trade Representative to compile an annual list of products tied to China's "Made in China 2025" industrial policy; ban the export to China of certain national-security-sensitive technology and intellectual property; cap Chinese ownership of U.S. companies that make components for listed products; and bar federal agencies from using or contracting with entities that rely on telecommunications equipment or services from Huawei, ZTE, or similar Chinese firms. It would also make imports on the listed products automatically subject to countervailing duties and injury findings, end reduced U.S. tax withholding rates for Chinese residents under the existing U.S.-China tax treaty, and remove certain U.S. tax exemptions currently available to the Chinese government and its central bank on U.S.-source income.
The bill would primarily affect U.S. companies and industries in sectors like aerospace, semiconductors, robotics, and biotechnology; federal agencies and contractors using Chinese telecom equipment; Chinese investors and residents subject to U.S. tax and securities rules; and the Chinese government's holdings of U.S. financial obligations.
The bill was referred to the Senate Committee on Finance after introduction. It received no further action, no committee vote, and no floor vote before the end of the 115th Congress, meaning it 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: (1) repeal certain reduced withholding rates for residents of China, and (2) tax income received by China from certain U.S. investments.
Common questions
- What does S. 3361 do?
- S. 3361, the "Fair Trade with China Enforcement Act," was introduced in the Senate on August 21, 2018, by Sen. Marco Rubio (R-FL) with Sen. Tammy Baldwin as a cosponsor. The bill would direct the U.S. Trade Representative to compile an annual list of products tied to China's "Made in China 2025" industrial policy; ban the export to China of certain national-security-sensitive technology and intellectual property; cap Chinese ownership of U.S. companies that make components for listed products; and bar federal agencies from using or contracting with entities that rely on telecommunications equipment or services from Huawei, ZTE, or similar Chinese firms. It would also make imports on the listed products automatically subject to countervailing duties and injury findings, end reduced U.S. tax withholding rates for Chinese residents under the existing U.S.-China tax treaty, and remove certain U.S. tax exemptions currently available to the Chinese government and its central bank on U.S.-source income. The bill would primarily affect U.S. companies and industries in sectors like aerospace, semiconductors, robotics, and biotechnology; federal agencies and contractors using Chinese telecom equipment; Chinese investors and residents subject to U.S. tax and securities rules; and the Chinese government's holdings of U.S. financial obligations. The bill was referred to the Senate Committee on Finance after introduction. It received no further action, no committee vote, and no floor vote before the end of the 115th Congress, meaning it did not become law.
- Has S. 3361 become law?
- Not yet. As of 21 Aug 2018, S. 3361 is introduced.
- Who sponsored S. 3361?
- S. 3361 was sponsored by Sen. Marco Rubio [R-FL, 2011-2025] (Republican-FL), with 1 cosponsor.
- What's the latest action on S. 3361?
- Introduced (21 Aug 2018).
Related bills in Foreign Trade and International Finance
Stop China’s Exploitation of Congolese Children and Adult Forced Labor through Cobalt Mining Act
Back-to-School Supplies Affordability Act
Protecting American Beef Producers Act
Advancing American Innovation Act
Bill100 mirrors the public U.S. legislative record from Congress.gov and GovTrack and adds plain-English AI summaries. It is an information tool, not legal, compliance or lobbying advice, and it is not affiliated with the U.S. Congress or any government agency. AI summaries can simplify or omit detail — every bill links to the official source; verify there before you rely on it.