,,ii  #aagth ,,congress  #ast ,session  
,s4 #ahbb  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #be1      
#bjba,mr4 ,wicker introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to direct the ,secretary of    
,commerce to establish within the       
,bureau of ,economic ,analysis of the   
,department of ,commerce a ,china       
,economic ,data ,coordination ,center4  
#a4 ,china ,economic ,data ,coordination
 ,center  7a7 ,in general ,the          
,secretary of ,commerce1 in coordination
 with the ,secretary of the ,treasury1  
shall establish within the ,bureau of   
,economic ,analysis of the ,department  
of ,commerce a ,china ,economic ,data   
,coordination ,center 7in this section  
referred to as the ,center74  7b7       
,duties ,the ,center1 in coordination   
with the heads of other relevant        
,federal agencies and the private       
sector1 shall collect and synthesize    

official and unofficial ,chinese        
economic data on developments in the    
,people's ,republic of ,china's         
financial markets and ,united ,states   
exposure to risks and vulnerabilities in
 the ,people's ,republic of ,china's    
financial system1 including data on--   
7#a7 baseline economic statistics such  
as gross domestic product 7,,gdp7 and   
other indicators of economic health2    
7#b7 national and local government debt2
  7#c7 nonperforming loan amounts2  7#d7
 the composition of shadow banking      
assets2  7#e7 the composition of the    
,people's ,republic of ,china's foreign 
exchange reserves2  7#f7 bank loan      
interest rates2  7#g7 ,united ,states   
retirement accounts tied to ,chinese    
investments2  7#h7 the ,people's        
,republic of ,china's exposure to       
foreign borrowers and flows of official 
financing for the ,belt and ,road       
,initiatve and other trade-related      
initiatives1 including data from the    
,export-,import ,bank of ,china1 the    

,china ,export and ,credit ,insurance   
,corporation 7,sinosure71 and the ,china
 ,development ,bank2  7#i7 sovereign or 
near-sovereign loans made by the        
,people's ,republic of ,china to other  
countries or guaranteed by sovereign    
entities2 and  7#aj7 ,chinese domestic  
retirement accounts and investments4    
7c7 ,briefings ,the ,center shall       
provide to the appropriate congressional
 committees and the private sector on a 
biannual basis briefings on             
implementation of the duties of the     
,center4  7d7 ,reports and public       
updates  7#a7 ,reports  7,a7 ,in general
 ,the ,center shall submit to the       
appropriate congressional committees on 
a quarterly basis a report in writing on
 implementation of the duties of the    
,center4  7,b7 ,matters to be included  
,the reports required by subparagraph   
7,a7 shall include-- 7i7 key findings1  
data1 a description of the research and 
development activities of the affiliates
 of ,united ,states multinational       

enterprises operating in the ,people's  
,republic of ,china1 and a description  
of the implications of such activities  
for ,united ,states production1         
employment1 and the economy2 and  7ii7 a
 description of ,united ,states industry
 interactions with ,chinese state-owned 
enterprises and other state-affiliated  
entities and inbound ,chinese           
investments4  7#b7 ,public updates ,the 
,center shall provide to the public on a
 monthly basis updates on implementation
 of the duties of the ,center4  7e7     
,recommendations and strategies ,the    
,secretary of the ,treasury1 using data 
collected and synthesized by the ,center
 under subsection 7b7 and in            
consultation with the ,center1 shall--  
7#a7 develop recommendations and        
strategies for ways in which the ,united
 ,states can respond to potential risks 
and exposures within the ,people's      
,republic of ,china's financial system2 
and  7#b7 submit to the appropriate     
congressional committees a report that  

contains such recommendations and       
strategies4  7f7 ,appropriate           
congressional committees defined ,in    
this section1 the term appropriate      
congressional committees means-- 7#a7   
the ,committee on ,foreign ,affairs1 the
 ,committee on ,financial ,services1 and
 the ,committee on ,energy and ,commerce
 of the ,house of ,representatives2 and 
7#b7 the ,committee on ,foreign         
,relations1 the ,committee on ,banking1 
,housing1 and ,urban ,affairs1 and the  
,committee on ,commerce1 ,science1 and  
,transportation of the ,senate4