,,ii  #aahth ,,congress  #ast ,session  
,s4 #igj  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,march #bc1         
#bjbc,mr4 ,wicker 7for himself and ,ms4 
,cortez ,masto7 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 ,short title
 ,this ,act may be cited as the         
,documenting ,adversarial ,trade        
,aggression ,act or the ,,data ,act4    
#b4 ,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 economic data on
 developments in the financial markets  
of the ,people's ,republic of ,china and
 the ,united ,states exposure to risks  
and vulnerabilities in the financial    
system of the ,people's ,republic of    
,china1 including data on-- 7#a7        
baseline economic statistics such as    
gross domestic product 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    
foreign exchange reserves of the        
,people's ,republic of ,china2  7#f7    
bank loan interest rates2  7#g7 ,united 
,states retirement accounts tied to     
,chinese investments2  7#h7 the exposure
 of the ,people's ,republic of ,china to
 foreign borrowers and flows of official

 financing for the ,belt and ,road      
,initiative and other trade-related     
initiatives of the ,government of the   
,people's ,republic of ,china1 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          
retirement accounts and investments in  
the ,people's ,republic of ,china4  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 report required by this subsection 
shall include-- 7i7 key findings and    
data2  7ii7 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  
an assessment of the implications of    
such activities for production and      
employment in the ,united ,states and   
the economy of the ,united ,states2 and 
7iii7 a description of interactions of  
,united ,states industry with-- 7,i7    
entities owned or controlled by1 or     
affiliated with1 the ,government of the 
,people's ,republic of ,china2 and      
7,,ii7 investments by entities of the   
,people's ,republic of ,china in the    
,united ,states4  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 financial system of the ,people's  
,republic of ,china2 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 
,relations1 the ,committee on ,banking1 
,housing1 and ,urban ,affairs1 and the  
,committee on ,commerce1 ,science1 and  
,transportation of the ,senate2 and     
7#b7 the ,committee on ,foreign         
,affairs1 the ,committee on ,financial  
,services1 and the ,committee on ,energy
 and ,commerce of the ,house of         
,representatives4