Sec. 10. Assessment of distortive economic policies
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Not later than 1 year after the date of the enactment of this Act and not less frequently than once every 2 years thereafter, the United States International Trade Commission shall submit a report to Congress and the President that quantifies the effects of distortive or discriminatory economic policies of foreign countries, inclusive of any overarching policy or systematic approach, such as discrimination against United States companies, trading monopolies, restrictive government procurement policies or practices, tax policies or preferences, foreign direct investment policies or practices, standards or subsidies, restrictive domestic financial policies, and intellectual property theft in terms of their potential adverse effect on the economic or commercial interests of United States industries, producers, and employees as outlined in the National Trade Estimate.
The Commission shall assess the effects of countries, practices, and industries in the National Trade Estimate, and other existing trade reports if appropriate, that are commercially significant and pose the greatest potential opportunity or threat to the United States over the next 10 years. Each report submitted under paragraph
(1)shall include the following: Qualitative indicators of specific policies and practices that may be unfair, distortive, or anti-competitive carried out by specific foreign countries and an assessment of the relative significance of such policies and practices. An assessment of resources spent in foreign countries that are being used to preclude exports of United States goods and services, United States interests, or to support the development of technologies, manufacturing base, and businesses that compete directly with United States businesses. To assist in the preparation of each report required by paragraph (1), the Commission shall facilitate the reporting by interested persons of distortive economic policies and practices, where possible. Not later than 1 year after the initial International Trade Commission report which includes the requirements under this section, the Comptroller General of the United States shall submit to Congress a report that— assesses the effectiveness of— the recommendations carried out or implemented by trade agencies including actions taken to mitigate distortive economic policies and practices of countries, with emphasis on the most egregious problems; and recommendations identified by such agencies that were not carried out or were unsuccessful; identifies gaps in trade or foreign economic policies of the United States which should be addressed by the executive branch or by legislation; and identifies agencies or programs which have successfully implemented policies to discourage distortive economic activities, including— specific steps taken by each program to reduce such policies and practices; recommendations on how these entities can improve their awareness and monitoring of distortive economic policies or practices and develop programs to discourage their use; and other information which may help inform efforts to develop programs to combat these policies and practices.