Economic Statecraft for the Twenty-First Century Act
Latest action (28 Apr 2022): Introduced
What this bill does
Generate a neutral, plain-English explanation of what this bill does, who it affects and what happens next — grounded in the official text.
Official summary
Economic Statecraft for the Twenty-First Century Act
This bill addresses various economic issues related to foreign policy. For example, the bill (1) establishes the Countering Economic Coercion Task Force to oversee the implementation of an integrated U.S. government strategy to respond to any economic practices by China that are abusive, arbitrary, and contrary to international rules; (2) requires U.S. Customs and Border Protection to increase inspections of goods imported from countries identified as a top source of counterfeit goods; (3) requires the Department of State to develop a strategy for engaging with other countries to institute controls on the export of semiconductor manufacturing equipment to China; and (4) requires the President to support a 10th general capital increase for the Inter-American Development Bank.
Common questions
- What does S. 4112 do?
- Economic Statecraft for the Twenty-First Century Act This bill addresses various economic issues related to foreign policy. For example, the bill (1) establishes the Countering Economic Coercion Task Force to oversee the implementation of an integrated U.S. government strategy to respond to any economic practices by China that are abusive, arbitrary, and contrary to international rules; (2) requires U.S. Customs and Border Protection to increase inspections of goods imported from countries identified as a top source of counterfeit goods; (3) requires the Department of State to develop a strategy for engaging with other countries to institute controls on the export of semiconductor manufacturing equipment to China; and (4) requires the President to support a 10th general capital increase for the Inter-American Development Bank.
- Has S. 4112 become law?
- Not yet. As of 28 Apr 2022, S. 4112 is introduced.
- Who sponsored S. 4112?
- S. 4112 was sponsored by Sen. Robert “Bob” Menendez [D-NJ, 2006-2024] (Democrat-NJ), with 0 cosponsors.
- What's the latest action on S. 4112?
- Introduced (28 Apr 2022).
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