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Protecting US Businesses from Unfair Foreign Trade Practices

This act establishes a task force to monitor and identify unfair trade practices from abroad, such as subsidies or selling goods below cost. The goal is to protect American businesses, especially small and medium-sized ones, from the harmful effects of such actions, which can impact job stability and product availability in the market.
Key points
Creation of a task force to detect unfair trade practices, including foreign government subsidies and selling goods at artificially low prices.
The task force will monitor trade flows and prices to protect US industries from harmful competition.
The task force will prioritize cases affecting small and medium-sized businesses in the United States.
Information about the task force's activities will remain confidential until an official investigation is initiated.
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Additional Information
Print number: 117_S_1510
Sponsor: Sen. Peters, Gary C. [D-MI]
Process start date: 2021-04-29