DHS Trade and Economic Security Council Bill Passes House
A bill that would create an assistant secretary for trade and economic security in the Department of Homeland Security passed the House of Representatives on April 5 by a 348-74 vote.The bill also would establish an interagency council to identify concentrated risks for trade and economic security, meaning the condition of having "resilient domestic production capacity combined with reliable access to the global resources necessary to maintain an acceptable standard of living and protect core national values"
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The bill originally was sponsored by Rep. Peter Meijer, R-Mich., and Rep. John Katko, R-N.Y., and garnered two Democratic co-sponsors in February.
The interagency council, which would include a representative from CBP, the Science and Technology Directorate and seven other divisions, would set priorities for securing the nation's "trade and economic security," and would coordinate department-wide activity on "trade and economic security matters." It is given the duty of proposing statutory and regulatory changes on trade and retaining resilient domestic production capacity.