The Countering Economic Coercion Act of 2023 aims to address instances of economic coercion by foreign governments against the United States. The bill includes provisions to enhance the government's ability to identify and respond to such coercion, including sanctions and other measures. It also seeks to promote transparency in financial transactions and strengthen coordination between federal agencies in countering economic threats. The bill represents a significant effort to safeguard U.S. economic interests and national security in the face of coercive actions from other countries.
2023-02-21: Introduced in House
2023-02-21: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Ways and Means, Financial Services, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2023-12-13: Committee Consideration and Mark-up Session Held
2023-12-13: Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 35 - 8.
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