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Act to Neutralize Unfair Chinese Export Subsidies and Strengthen OECD Compliance

The Act requires the Secretary of the Treasury to submit a strategy within 180 days for working with allies to ensure China's compliance with OECD export credit standards. Additionally, the Act transfers the authority for conducting international negotiations from the President to the Secretary of the Treasury and extends the timeline for the goal of eliminating export subsidies by 10 years.
Key points
Strategy Requirement: The Treasury Secretary must submit a detailed strategy within 180 days on how the U.S. will work with allies to ensure China substantially complies with OECD export credit standards.
Negotiation Goal Extended: The goal for eliminating export subsidies is updated to a date that is 10 years after the enactment of this Act.
Shift in Authority: The responsibility for conducting international negotiations on export subsidies is transferred from the President to the Secretary of the Treasury, in consultation with the U.S. Trade Representative, with an endeavor to hold negotiations at least twice a year.
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Expired
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Additional Information
Print number: 118_HR_1137
Sponsor: Rep. Nunn, Zachary [R-IA-3]
Process start date: 2023-02-21
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OFFICIAL LEGAL TITLE

Neutralizing Unfair Chinese Export Subsidies Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_1137.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-02-21.

What are the main provisions?

Key points include:

  • Strategy Requirement: The Treasury Secretary must submit a detailed strategy within 180 days on how the U.S. will work with allies to ensure China substantially complies with OECD export credit standards.
  • Negotiation Goal Extended: The goal for eliminating export subsidies is updated to a date that is 10 years after the enactment of this Act.
  • Shift in Authority: The responsibility for conducting international negotiations on export subsidies is transferred from the President to the Secretary of the Treasury, in consultation with the U.S. Trade Representative, with an endeavor to hold negotiations at least twice a year.
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 Rep. Nunn, Zachary [R-IA-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

CATEGORIES

Economy