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Support for US Trading Partners Against Economic Coercion

This act aims to protect foreign trading partners of the United States from unfair economic actions by other nations. The US President gains new tools, such as reducing tariffs or expediting trade processes, to assist countries facing such pressure. This is intended to stabilize trade and protect economic interests, indirectly affecting goods availability and price stability for citizens.
Key points
The US President can reduce tariffs or modify import rules for countries that are victims of unfair economic pressure.
It allows for expedited export and import processes for goods from affected countries, facilitating trade.
The act provides for financial aid and loan guarantees to trading partners in difficult situations.
Actions are to be coordinated with other allies to enhance the effectiveness of support.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_S_4514
Sponsor: Sen. Young, Todd [R-IN]
Process start date: 2022-07-13
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Countering Economic Coercion Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4514.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-07-13.

What are the main provisions?

Key points include:

  • The US President can reduce tariffs or modify import rules for countries that are victims of unfair economic pressure.
  • It allows for expedited export and import processes for goods from affected countries, facilitating trade.
  • The act provides for financial aid and loan guarantees to trading partners in difficult situations.
  • Actions are to be coordinated with other allies to enhance the effectiveness of support.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Young, Todd [R-IN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Security