Sec. 3521. Independent study and report on Shanghai Shipping Exchange
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/bill/118/hr/8070/rds/section-3521·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than 1 year after the date of enactment of this Act, the Secretary of Transportation shall enter into an agreement with an appropriate independent entity to conduct a study and assessment of the business practices of the Shanghai Shipping Exchange, including— any anticompetitive advantages benefitting the Shanghai Shipping Exchange; and the ability of the Ministry of Transport of the People’s Republic of China and the Shanghai Shipping Exchange to manipulate container freight markets. In conducting the study and assessment under subsection (a), the appropriate independent entity that enters into an agreement under subsection
(a)shall address the following: The influence of the government of the People’s Republic of China on the Shanghai Shipping Exchange. The effect of the business practices or influence of the Shanghai Shipping Exchange on United States consumers and businesses. The ability of a shipping exchange registered under section 40504 of title 46, United States Code, and based in the United States to identify market manipulation as described in subsection (a)(2) or any otherwise concerning practices by the Shanghai Shipping Exchange and report such incidents to the Federal Maritime Commission and other Federal regulators. Any other matters the Secretary or the appropriate independent entity that enters into an agreement under subsection
(a)determines to be appropriate for the purposes of the study. Not later than 1 year after the date on which the Secretary enters into an agreement under this section, the appropriate independent entity shall submit to the Secretary, the congressional defense committees, the Committee on Transportation and Infrastructure of the House of Representatives, and the Committee on Commerce, Science, and Transportation of the Senate a report containing the results of the study conducted under subsection (a). The Secretary shall publish the report required under paragraph
(1)on a publicly accessible website of the Department of Transportation. The appropriate independent entity that enters into an agreement under subsection
(a)may secure directly from any department or agency of the Federal Government information necessary to enable such entity to carry out this section. Upon request of the appropriate independent entity that enters into an agreement under subsection (a), the head of such department or agency shall furnish such information to the appropriate independent entity, unless doing so would not be in the public interest. In this section, the term appropriate independent entity means— a federally funded research and development center sponsored by a Federal agency; the Transportation Research Board of the National Academies; the Government Accountability Office; or an organization described in section 501(c) of the Internal Revenue Code of 1986 and exempt from taxation under section 501(a) of such Code.