US Federal 2023-2024 Regular Session

US Federal House Bill HR421

Introduced
5/18/23  

Caption

Expressing the sense of the House of Representatives that the Chinese Communist Party should be held accountable for present day efforts of knowingly and intentionally manipulating their currency.

Impact

The resolution underscores the idea that the Chinese Communist Party's actions adversely affect not just the United States but also the stability of international markets. By calling for the U.S. government to hold China accountable, it aims to prompt further dialogue and potential action by the Biden Administration, especially in alignment with measures previously engaged by the Trump administration, particularly those involving the International Monetary Fund.

Summary

House Resolution 421 expresses the sense of the House of Representatives regarding the Chinese Communist Party's alleged manipulation of its currency. The resolution condemns these actions as detrimental to fair international trade practices and suggests that such manipulation gives China an unfair competitive advantage. It emphasizes the need for accountability for these practices in the global economic landscape.

Contention

A potential point of contention surrounding HR421 can be found in the conflicting perspectives on trade relations with China. Supporters assert that holding the Chinese government accountable is vital for fair trade, while some critics may argue that aggressive stances could lead to tensions or retaliation, impacting international trade relations. The resolution may open discussions on the limits and extents of U.S. intervention in foreign currency practices.

Companion Bills

No companion bills found.

Previously Filed As

US HR9

Expressing the sense of the House of Representatives that China is responsible for the COVID-19 pandemic and must be held financially liable for $16,000,000,000,000.

US HR11

Establishing the Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party.

US HR506

Expressing the sense of the House of Representatives that Social Security should be preserved and protected for current beneficiaries, and for future generations to come.

US HR862

Expressing the sense of the House of Representatives that a commemorative postage stamp should be issued in honor of the Buffalo Soldiers.

US HB229

World Deserves To Know Act This bill requires sanctions on certain members of the Chinese Communist Party (CCP) and officials of Chinese health agencies. It also addresses related issues. The President must impose visa- and property-blocking sanctions on any foreign person who is a CCP official and who is knowingly responsible for or complicit in (1) the disappearances of whistleblowers and citizen journalists in China relating to COVID-19, or (2) limiting free speech and academic freedom in China relating to COVID-19. The President must also impose such sanctions on specified individuals who have leadership positions in China's Center for Disease Control and Prevention and China's National Health Commission (NHC). The authority to impose such sanctions shall end when the President certifies to Congress that an independent and unimpeded investigation into the potential origin of COVID-19 from the Wuhan Institute of Virology has taken place. The bill also bars federal funds and certain federal student assistance from going to institutions of higher education that enter into a contract with any element or China-based affiliate of the NHC. Federal funding to the National Academy of Sciences may not be used to enter into a contract with any element or China-based affiliate of the NHC. The Government Accountability Office must report to Congress a review of all funds that the National Institutes of Health have made available to the NHC since FY2010. This report must also be publicly available.

US HR465

Expressing the sense of the House of Representatives that the Congress should enact the Older Americans Bill of Rights to establish that older Americans should have the right to live with dignity and with independence.

US HB57

Protecting Personal Data from Foreign Adversaries Act This bill authorizes sanctions and other prohibitions relating to software that engages in user data theft on behalf of certain foreign countries or entities. The President may regulate or prohibit transactions using software that engages in the theft or unauthorized transmission of user data and provides access to such data to (1) a communist country, (2) the Chinese Communist Party (CCP), (3) a foreign adversary, or (4) a state sponsor of terrorism. The President may also impose visa- and property-blocking sanctions on developers and owners of software that makes unauthorized transmissions of user data to servers located in China that are accessible by China's government or the CCP. The Department of State shall report to Congress a determination regarding whether WeChat or TikTok fall within certain regulations and prohibitions, including those provided under this bill. (WeChat and TikTok are software programs developed by China-based companies.)

US HR297

Expressing the sense of the House of Representatives that paraprofessionals and education support staff should have fair compensation, benefits, and working conditions.

US HR689

Expressing the opposition of the House of Representatives to the Chinese Communist Party's "stolen valor" historical revisionism with regards to Allied Victory in Asia, commemorating the contributions made by the Republic of China to Allied Victory, and acknowledging the postwar contributions of the Government of Japan to peace and stability in the Indo-Pacific.

US HR110

Prohibiting the distribution of Chinese Communist Party-controlled publications within House facilities, and for other purposes.

Similar Bills

No similar bills found.