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Code · BILL · 118th Congress · H.R. 7571 (Introduced in House) — To establish a regional trade, investment, and people-to-people partnership of countries in the Western Hemisphere to... · Sec. 251

Sec. 251. Sense of Congress

228 words·~1 min read·/bill/118/hr/7571/ih/section-251

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It is the sense of Congress that— Americas partner countries need significant investment in infrastructure and trade ecosystems to compete in the 21st century; slave-based subsidized trade in the People's Republic of China takes advantage of such need, abusing the principles of free trade to advance the national security interests of the People's Republic of China and predate upon other countries; environmental degradation by the People's Republic of China, especially through dirty, coal-produced electricity, gives products manufactured in the People's Republic of China an unfair advantage over products manufactured in countries with internationally accepted environmental standards; theft of intellectual property rights, World Trade Organization violations, and other abuses by the People's Republic of China make competition with the Government of the People's Republic of China and state-owned entities unbalanced; a trade-based response to the trade behavior of the People's Republic of China, which uses corruption and perverse incentives, must include investment incentives, retaliatory tariffs, fixing the de minimis trade loophole found in section 321 of the Tariff Act of 1930 ( 19 U.S.C. 1321 ), which is effectively a free trade agreement with the Chinese Communist Party, and other offsets to catalyze movement of supply chains and productivity back to the Western Hemisphere; and promoting development and challenging the People's Republic of China will require flexibility, responsiveness, creativity, and risk-taking, which are the ethos of the investment corporation.
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Sec. 251
Sense of Congress
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