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Allies Cooperation to Counter Unfair Chinese Export Subsidies

This act aims to strengthen U.S. cooperation with allies to ensure China complies with international export credit standards. It requires the Secretary of the Treasury to submit a strategy regarding this objective.
Key points
Strengthening U.S. efforts to ensure China adheres to rules on officially supported export credits.
Changing the deadline for eliminating unfair export subsidies to 10 years after the enactment of this act.
Shifting responsibility for export subsidy negotiations from the President to the Secretary of the Treasury, in consultation with the U.S. Trade Representative.
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Additional Information
Print number: 117_HR_5790
Sponsor: Rep. Zeldin, Lee M. [R-NY-1]
Process start date: 2021-10-28