Menendez bill would create economic coercion task force aimed at China

Senate Foreign Relations Chair Robert Menendez (D-NJ) last week introduced a bill that would establish a “Countering Economic Coercion Task Force” focused on Chinese actions, direct the administration to impose export controls on semiconductor manufacturing equipment bound for China and require a report on the subsidies China’s central government provides to Chinese entities. The 110-page “Economic Statecraft for the Twenty-First Century Act” also would instruct the administration to coordinate a response to Chinese policies and direct the State Department to...