H.R.5846

            I 

116TH CONGRESS 
2D SESSION H. R. 5846 

To provide for working with allies to seek increased compliance by China 
with certain OECD export credit standards. 

IN THE HOUSE OF REPRESENTATIVES 

FEBRUARY 11, 2020 
Mr. ZELDIN introduced the following bill; which was referred to the 

Committee on Financial Services 

A BILL 
To provide for working with allies to seek increased compli-

ance by China with certain OECD export credit stand-
ards. 

Be it enacted by the Senate and House of Representa-1

tives of the United States of America in Congress assembled, 2

SECTION 1. SHORT TITLE. 3

This Act may be cited as the ‘‘Neutralizing Unfair 4

Chinese Export Subsidies Act of 2020’’. 5

SEC. 2. WORKING WITH ALLIES TO ENSURE CHINA’S COM-6

PLIANCE WITH OECD STANDARDS. 7

(a) IN GENERAL.—Within 180 days after the date 8

of the enactment of this Act, the Secretary of the Treasury 9

shall submit to the Committee on Financial Services of 10

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2 

•HR 5846 IH

the House of Representatives and the Committee on 1

Banking, Housing, and Urban Affairs of the Senate a de-2

tailed strategy and timeline with respect to— 3

(1) strengthening United States advocacy and 4

cooperation with appropriate allies and partners to 5

seek to ensure substantial compliance by China with 6

the financial terms and conditions of the OECD Ar-7

rangement on Officially Supported Export Credits; 8

and 9

(2) the goal described in section 11(a)(1) of the 10

Export-Import Bank Reauthorization Act of 2012. 11

(b) INTERNATIONAL NEGOTIATIONS ON EXPORT 12

SUBSIDIES.— 13

(1) IN GENERAL.—Section 11(a)(1) of the Ex-14

port-Import Bank Reauthorization Act of 2012 (12 15

U.S.C. 635a–5(a)(1)) is amended by striking ‘‘with 16

possible goal of eliminating, before the date that is 17

10 years after December 4, 2015,’’ and inserting 18

‘‘with the goal of eliminating, before the date that 19

is 10 years after the date of the enactment of the 20

Neutralizing Unfair Chinese Export Subsidies Act of 21

2020’’. 22

(2) PROGRESS REPORT.—Section 11(e) of such 23

Act (12 U.S.C. 635a–5(e)) is amended by striking 24

‘‘2019’’ and inserting ‘‘2026’’. 25

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3 

•HR 5846 IH

(3) CONDUCT OF NEGOTIATIONS.—Section 11 1

of such Act (12 U.S.C. 635a–5) is amended— 2

(A) in each of subsections (a) and (d), by 3

striking ‘‘The President’’ and inserting ‘‘The 4

Secretary of the Treasury, in consultation with 5

the United States Trade Representative,’’; 6

(B) in subsection (a), by inserting ‘‘, and 7

endeavor to hold not less frequently than twice 8

per year,’’ before ‘‘negotiations’’; 9

(C) in each of subsections (b), (c), and (e), 10

by striking ‘‘President’’ each place it appears 11

and inserting ‘‘Secretary of the Treasury’’; and 12

(D) in subsection (d), by inserting ‘‘, and 13

endeavor to hold such negotiations not less fre-14

quently than twice per year’’ before the period. 15

Æ 

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	2020-02-19T05:21:32-0500
	US GPO, Washington, DC 20401
	Superintendent of Documents
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