New Trade-Related Bills as of June 10
Recently introduced trade-related legislation in Congress, as of June 10, includes:
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- HR-2247, Collectible Firearms Protection Act; amends the Arms Export Control Act so firearms listed as curious or relics can be imported into the U.S., by a licensed importer, without obtaining authorization from the Department of State or Department of Defense; introduced by Rep. Cynthia Lummis, R-Wyo., on June 4. In a statement, Lummis said the bill reverses a State Department decision to block the imports of M1 Garand rifles and M1 carbines from South Korea. The rifles -- popular in marksmanship competitions and as collectibles -- were furnished to South Korea for military purposes more than 50 years ago, Lummis said in a statement. The State Department's interference with the sale runs "counter to the intent of Congress, which on two prior occasions amended the law to allow for this kind of transaction," the statement said. "The State Department has no business blocking domestic firearm ownership," said Lummis (here).
- HR-2281, Cyber Economic Espionage Accountability Act; requires the President to submit a list of foreign government officials -- or persons acting on behalf of a foreign government -- responsible for cyber espionage of U.S. intellectual property or acting on behalf of someone who committed cyber espionage. Persons on the list would be included on the Treasury Department’s Specially Designated Nationals List. The bill allows the President to freeze all U.S. assets and prohibit all transactions in U.S. property and interests for persons on the list. It also includes a sense of Congress that cyber economic espionage should be a “priority issue” in all discussion with China and Russia, and the U.S. should “intensity diplomatic efforts in appropriate international fora such as the United Nations, the Organization for Economic Cooperation and Development and summits such as the G-9 and G-20 summits, to address the harm to the international economic order by cyber economic espionage.” Introduced by Rep. Mike Rogers, R-Mich., on June 6. Read a statement from Rogers's office on the bill (here).