The bill also ... establishes a trust fund to compensate U.S. producers for lost revenue resulting from retaliatory actions by China.
Establish a trust fund to compensate U.S. producers for revenue lost because of retaliatory actions by China.
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unverified · Source version 56003 · locator unknown
Sponsor: Rep. Moolenaar, John R. [R-MI-2] (Introduced 01/23/2025) Committees: House - Ways and Means; Agriculture; Armed Services; Transportation and Infrastructure; Energy and Commerce Latest Action: House - 01/23/2025 Referred to the Subcommittee on Coast Guard and Maritime Transportation. This bill has the status Introduced
unverified · Source version 56003 · locator unknown
The bill also authorizes the President to take additional actions related to trade with China, requires merchandise imported from China to be appraised based on U.S. value, and establishes a trust fund to compensate U.S. producers for lost revenue resulting from retaliatory actions by China.
unverified · Source version 55988 · locator unknown
SEC. 8. ALLOCATION OF DUTY REVENUE ON IMPORTS FROM THE PEOPLE'S REPUBLIC OF CHINA AS COMPENSATION FOR RETALIATION BY THE PEOPLE'S REPUBLIC OF CHINA. (a) Establishment of Trust Fund.--There is established in the Treasury of the United States a trust fund
unverified · Source version 55988 · locator unknown
Amounts in the trust fund established under subsection (a) shall be available, as provided in advance in an appropriations Act, to compensate producers in the United States for lost revenue resulting from actions by the People's Republic of China to restrict imports from the United States in retaliation for measures taken under this Act.
unverified · Source version 56003 · locator unknown
Date Actions Overview 01/23/2025 Introduced in House
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