Rep. Krishnamoorthi co-sponsors bill on China’s trade practices

- ADVERTISEMENT -

Congressman Raja Krishnamoorthi, D-Illinois, Ranking Member of the House Select Committee on the Strategic Competition Between the U.S. and the CCP (Chinese Communist Party), joined colleagues from the House and Senate as an original cosponsor in introducing the bipartisan Leveling the Playing Field Act 2.0, which would update U.S. trade remedy law to combat the CCP’s “predatory” trade practices.

(The long title of the bill is “To amend the Tariff Act of 1930 to improve the administration of antidumping and countervailing duty laws, and for other purposes.”)

According to Krishnamoorthi and co-sponsors, for years, American workers and businesses have been victimized by the anti-competitive tactics of the CCP as it has repeatedly dumped heavily subsidized products into the U.S. market, attempting to drive American firms out of business.

- ADVERTISEMENT -

The bicameral legislation, introduced by U.S. Representatives Beth Van Duyne (R-TX) and Terri Sewell (D-AL), and joined by Senators Todd Young (R-IN) and Tina Smith (D-MN), “will crack down on trade violations by making it easier for American companies to seek relief through the Department of Commerce via stronger, more effective anti-dumping and countervailing duty laws,” the press release from Krishnamoorthi’s office said. Numerous lawmakers from the two houses co-sponsored the bill.

The bill is also supported by the American Iron and Steel Institute, Steel Manufacturers Association, Committee to Support U.S. Trade Laws, American Wire Producers Association, Cold Finished Steel Bar Institute, Kitchen Cabinet Manufacturers Association, Specialty Steel Industry of North America, Steel Manufacturers Association, the Committee on Pipe and Tube Imports, and the U.S. OCTG Manufacturers Association.

“American trade policy must continue to promote fair competition while protecting American workers and businesses from the Chinese Communist Party’s unfair trade practices,” Krishnamoorthi said. “I’m proud to join my colleagues on this bipartisan legislation to strengthen our trade remedy laws and counter the CCP’s predatory tactics.”

Related posts:

Gates-backed startup, headed by Sandeep Nijhawan, hits milestone, races ahead on green steel Krishnamoorthi first Indian-American ‘Ranking Member’ on Capitol Hill; Rep. Khanna member of same Congressional committee Senate Majority Leader says U.S. and India need to bolster ties to counter China As Democrats push to ban caste discrimination, some Indian Americans object