Sec. 30122. Report on entrenching American economic diplomacy in the Indo-Pacific
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/bill/117/hr/4521/pcs/section-30122·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
It is the sense of Congress that United States national interests and the primacy of United States power in the Indo-Pacific are intimately tied to the following economic objectives: Confirming American leadership and participation in global regional economic organizations and fora, including the Asia-Pacific Economic Cooperation
(APEC)and the World Trade Organization (WTO). Building secure and resilient supply chains for industries critical for United States national interest, including semiconductors, vaccines, and personal protective equipment. Showcasing the benefits and appeal of a market-based economic model. Not later than 180 days after the date of the enactment of this Act, the Secretary of State, in coordination with the United States Trade Representative and the Secretary of Commerce, shall submit a report to the appropriate committees of Congress that presents the steps the United States is taking and plans to take to achieve the objectives outlined in subsection
(a)and includes specific action plans for the following: Reenergizing APEC as a critical component of the region’s economic architecture. Working with allies and partners to build resilient and trusted supply chains especially for critical and emerging technologies, including semiconductors, and products and components critical for national health, including vaccines and related materials and personal protective equipment. In this section, the term appropriate committees of Congress means— the Committee on Foreign Relations, the Committee on Banking, Housing and Urban Affairs, and the Committee on Finance of the Senate; and the Committee on Foreign Affairs, the Committee on Energy and Commerce, and the Committee on Ways and Means of the House of Representatives.