Sec. 103. Countering Chinese Economic Coercion Task Force
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Not later than 180 days after the date of the enactment of this Act, the President shall establish an interagency task force, which shall be known as the Countering Economic Coercion Task Force (referred to in this section as the Task Force ). The Task Force shall— oversee the development and implementation of an integrated United States Government strategy to respond to coercive economic practices of the People’s Republic of China that are abusive, arbitrary, pretextual, and contrary to international rules, which shall include— systematically monitoring and evaluating— the costs of such practices on United States businesses and overall United States economic performance; instances in which such practices taken against a non-Chinese entity have benefitted United States parties; and the impacts such practices have had on United States national interests; facilitating coordination among Federal departments and agencies when responding to such practices; and proactively deterring such economic coercion; consult with United States allies and partners regarding— the feasibility and desirability of collectively identifying, assessing, and responding to the People’s Republic of China’s coercive economic practices; actions that could be taken to expand international coordination; and establishing a consistent, coherent, and collective international response to such coercive practices, including a long-term deterrence to such practices; effectively engage the United States private sector, particularly sectors, groups, or other entities that are susceptible to such coercive economic practices, to identify their concerns regarding such practices; and develop and implement a process for regularly sharing relevant information, including classified information, to the extent appropriate and practicable, on such coercive economic practices with United States allies, partners, and the private sector.
In carrying out its duties under this subsection, the Task Force should regularly consult, to the extent necessary and appropriate, with— relevant stakeholders in the private sector; Federal departments and agencies that are not represented on the Task Force; and United States allies and partners. The President shall— appoint the Chair of the Task Force from among the staff of the National Security Council; appoint the Vice Chair of the Task Force from among the staff of the National Economic Council; and direct the head of each of the following Federal departments and agencies to appoint personnel, at the level of Assistant Secretary or higher, to participate in the Task Force:
The Department of State. The Department of Commerce. The Department of the Treasury. The Department of Justice. The Office of the United States Trade Representative. The Department of Agriculture. The Office of the Director of National Intelligence and other appropriate elements of the intelligence community (as defined in section 3 of the National Security Act of 1947 ( 50 U.S.C. 3003 )). The Securities and Exchange Commission. The United States International Development Finance Corporation.
Any other department or agency designated by the President. Not later than 1 year after the date of the enactment of this Act, the Task Force shall submit a report to the appropriate congressional committees that includes— a comprehensive review of the array of economic tools the Government of the People's Republic of China employs or could employ to coerce other governments, non-Chinese companies (including United States companies), and multilateral institutions and organizations, including the Government of the People's Republic of China's continued efforts to codify informal practices into its domestic law; the strategy developed pursuant to subsection (b)(1)(A); an interagency definition of the People’s Republic of China’s coercive economic practices that captures— the use of informal or extralegal coercive economic practices; and the illegitimate use of formal economic tools; a comprehensive review of the array of economic and diplomatic tools that the United States Government employs or could employ to respond to economic coercion against the United States and United States allies and partners; a list of unilateral or multilateral— proactive measures to defend or deter against the People’s Republic of China’s coercive economic practices; and actions taken in response to the Government of the People’s Republic of China’s general use of coercive economic practices; an assessment of areas in which United States allies and partners are vulnerable to the People’s Republic of China’s coercive economic practices; and a description of the gaps in existing resources or capabilities of Federal departments and agencies— to respond effectively to the People’s Republic of China’s coercive economic practices directed at United States entities; and to assist United States allies and partners in their responses to such practices.
Not later than 1 year after the date on which the report is submitted pursuant to paragraph (1), the Task Force shall submit a report to the appropriate congressional committees that includes— updates to the information required under subparagraphs
(A)through
(G)of paragraph (1); and a description of the activities conducted by the Task Force to implement the strategy required under subsection (b)(1)(A). Not later than 1 year after the date on which the report is submitted pursuant to subparagraph (A), the Task Force shall submit a report to the appropriate congressional committees that includes an update to the elements required under the previously submitted report. Not later than 30 days after the date on which the report required under paragraph (2)(B) is submitted to the appropriate congressional committees, the Task Force shall submit a final report to the appropriate congressional committees and make such report available to the public on the website of the Executive Office of the President. The final report shall include— an analysis of the Government of the People’s Republic of China’s coercive economic practices, including the cost of such practices to United States businesses; a description of areas of particular vulnerability for United States businesses and the businesses of United States partners and allies; recommendations on the best means for continuing the effort to counter such coercive practices; and a list of the cases that have been made public pursuant to subsection (e). The reports required under paragraphs (1), (2)(A), and (2)(B) shall be submitted in unclassified form, but may include classified annexes. The report required under paragraph
(3)shall be submitted in unclassified form, but may include a classified annex. Not later than 120 days after the date of the enactment of this Act, and every 180 days thereafter until its termination pursuant to subsection (f), the Task Force, to the extent practicable, shall make available to the public on the website of the Executive Office of the President a list of instances during the most recent 6-month period that the Government of the People's Republic of China has directed coercive economic practices against a non-Chinese entity. The list required under paragraph (1)— shall be updated every 180 days; and shall be managed by the Secretary of State after the Task Force is terminated pursuant to subsection (f). The Task Force shall be terminated at the end of the 60-day period beginning on the date on which the final report required under subsection (d)(3) is submitted to the appropriate congressional committees and made publicly available. During the 60-day period referred to in paragraph (1), the Task Force may conclude its activities, including providing testimony to Congress concerning its final report.
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Sec. 103
Countering Chinese Economic Coercion Task Force
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