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Read twice and referred to the Committee on Finance.
Introduced January 21, 2025 by Richard Lynn Scott · Last progress 1 year ago
Treats goods as if they originate in a listed “foreign adversary country” whenever they are produced, manufactured, or finally assembled by a foreign adversary party or by an entity owned, controlled, directed, or operated by such a party. It adds parallel rules to three U.S. trade authorities so those articles can be targeted for trade enforcement, remedies, or national-security restrictions.
The bill defines key terms (including a 25% equity threshold for “control”), lists which countries count as foreign adversaries, and explains types of ownership/financial arrangements that bring an entity within scope. The change increases the ability of U.S. trade and national security policymakers to treat goods as coming from adversary countries for enforcement under covered trade statutes, with likely effects on importers, supply chains, and companies with foreign ownership or financing links to listed adversaries.