Economic Statecraft for the Twenty-First Century Act

Economic Statecraft for the Twenty-First Century Act

This bill addresses various economic issues related to foreign policy. For example, the bill (1) establishes the Countering Economic Coercion Task Force to oversee the implementation of an integrated U.S. government strategy to respond to any economic practices by China that are abusive, arbitrary, and contrary to international rules; (2) requires U.S. Customs and Border Protection to increase inspections of goods imported from countries identified as a top source of counterfeit goods; (3) requires the Department of State to develop a strategy for engaging with other countries to institute controls on the export of semiconductor manufacturing equipment to China; and (4) requires the President to support a 10th general capital increase for the Inter-American Development Bank.