To reduce the Federal funds to be provided to any international financial institution by the United States portion of any subsidy provided by the institution to the People's Republic of China.
Communist China Subsidy Reduction Act of 1997 - Directs the Secretary of the Treasury to: (1) determine annually the amount of the U.S. portion of any subsidy provided to China or any Chinese citizen, national, or entity by each international financial institution during the fiscal year; and (2) reduce the U.S. contribution to such institution by an amount equal to such subsidy.
Introduced in House
Introduced in House
Referred to the House Committee on Banking and Financial Services.
Referred to the Subcommittee on Domestic and International Monetary Policy.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line