H.R. 5790House117th Congress (2021-2023)In Committee

Neutralizing Unfair Chinese Export Subsidies Act of 2021

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Updated February 8, 2026 at 7:43 AM UTC

The Neutralizing Unfair Chinese Export Subsidies Act of 2021 directs the Treasury Department to develop a plan, in cooperation with U.S. allies, to push China to follow OECD rules on officially supported export credits. It also changes the Export‑Import Bank Reauthorization Act by resetting the deadline for eliminating Chinese export subsidies to ten years after this law’s passage, updating the progress‑report year to 2026, and moving negotiation responsibilities from the President to the Treasury Secretary (in consultation with the U.S. Trade Representative) with a requirement to hold talks at least twice a year.

Key Provisions

Treasury must submit a detailed strategy and timeline to congressional committees within 180 days, outlining how the U.S. and its allies will encourage China’s compliance with OECD export‑credit standards and the goal of eliminating subsidies within ten years of this Act’s enactment.
Amends the Export‑Import Bank Reauthorization Act to set the subsidy‑elimination deadline to ten years after this law’s passage, updates the required progress‑report year to 2026, and shifts negotiation authority from the President to the Secretary of the Treasury (consulting the USTR), mandating negotiations at least twice per year.

Legislative Activity

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HouseIntro Referral Latest Action

Referred to the House Committee on Financial Services.

Financial Services Committee

October 28, 2021

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HouseIntro Referral

Introduced in House

October 28, 2021

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

October 28, 2021

Bill Text

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Introduced in HouseIssued October 28, 2021

117th CONGRESS

1st Session

H. R. 5790

IN THE HOUSE OF REPRESENTATIVES

October 28, 2021

Mr. Zeldin introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To provide for working with allies to seek increased compliance by China with certain OECD export credit standards.

Short title

This Act may be cited as the Neutralizing Unfair Chinese Export Subsidies Act of 2021.

Working with allies to ensure China’s compliance with OECD standards

(a)

In general

Within 180 days after the date of the enactment of this Act, the Secretary of the Treasury shall submit to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a detailed strategy and timeline with respect to—

(1)

strengthening United States advocacy and cooperation with appropriate allies and partners to seek to ensure substantial compliance by China with the financial terms and conditions of the OECD Arrangement on Officially Supported Export Credits; and

(2)

the goal described in section 11(a)(1) of the Export-Import Bank Reauthorization Act of 2012.

(b)

International negotiations on export subsidies

(1)

In general

Section 11(a)(1) of the Export-Import Bank Reauthorization Act of 2012 (12 U.S.C. 635a–5(a)(1)) is amended by striking with the possible goal of eliminating, before the date that is 10 years after December 4, 2015, and inserting with the goal of eliminating, before the date that is 10 years after the date of the enactment of the Neutralizing Unfair Chinese Export Subsidies Act of 2021.

(2)

Progress report

Section 11(e) of such Act (12 U.S.C. 635a–5(e)) is amended by striking 2019 and inserting 2026.

(3)

Conduct of negotiations

Section 11 of such Act (12 U.S.C. 635a–5) is amended—

(A)

in each of subsections (a) and (d), by striking The President and inserting The Secretary of the Treasury, in consultation with the United States Trade Representative,;

(B)

in subsection (a), by inserting , and endeavor to hold not less frequently than twice per year, before negotiations;

(C)

in each of subsections (b), (c), and (e), by striking President each place it appears and inserting Secretary of the Treasury; and

(D)

in subsection (d), by inserting , and endeavor to hold such negotiations not less frequently than twice per year before the period.