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118-hr-2546Committee
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To provide for the development and implementation of economic defense response teams.

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Summary

Official CRS summary

This bill establishes a pilot program for deploying economic response teams that provide emergency technical assistance and support to a partner country subjected to the threat or use of coercive economic measures by a U.S. adversary. These teams also play a liaison role between the legitimate government of a partner country and the U.S. government. To deploy a team, the President must declare, and notify Congress of, a coercive economic emergency (i.e., an unusual and extraordinary economic coercive threat to a partner country made by a U.S. adversary). The initial deployment may last for up to 180 days; the President may extend a deployment by submitting to Congress a justification for the extension in the interest of national security. The pilot program shall terminate on December 31, 2026.

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Bill details

Congress
118
Bill type
hr
Introduced
April 10, 2023
Sponsor
Not yet available
Last action
April 10, 2023— Referred to the House Committee on Foreign Affairs.

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