,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #iec  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,febru>y #d1          
#bjbe,mrs4 ,mill] ( ,we/ ,virg9ia 7=    
h]self1 ,mr4 ,panetta1 ,mr4 ,smi? (     
,nebraska1 ,mr4 ,b]a1 ,mr4 ,la,hood1 &  
,mr4 ,bey]7 introduc$ ! foll[+ bill2 :i*
 0 ref]r$ to ! ,committee on ,ways &    
,means  ,a ,,bill  ,to advance ,unit$   
,/ates long-t]m trade competitiv5ess &  
economic lead]%ip 9 ! ,indo-,pacific    
region4  #a4 ,%ort title ,?is ,act may  
be cit$ z ! ,unit$ ,/ates ,trade        
,lead]%ip 9 ! ,indo-,pacific ,act4  #b4 
,f9d+s ,congress f9ds ! foll[+3  7#a7 ,!
 ,unit$ ,/ates is an ,indo-,pacific p[]4
  7#b7 ,! ,indo-,pacific region1 spann+ 
f our ,pacific ,coa/l9e to ! ,indian    
,ocean1 is home to ov] half ! _w's p1   
includ+ ne>ly #fj p]c5t ( y\?1 & is at !
 c5t] ( ! #ba/-c5tury global economy1   
acc\nt+ = #fj p]c5t ( global gross      
dome/ic product & two-?irds ( ! _w's    
economic gr[? 9 #bjbb4  7#c7 ,!         
,indo-,pacific region also includes "s (

 ,am]ica's close/ milit>y allies &      
p>tn]s1 sev]al ( ! _w's l>ge/ milit>ies1
 & #e nations alli$ ) ! ,unit$ ,/ates   
?r\gh mutual def5se treaties4 ,! region 
also conta9s /rategic rivals ) gr[+     
milit>y capabilities1 9 p>ticul> ! ,p's 
,republic ( ,*9a 7,,prc74 ,our p>tn]s   
are critical = respond+ to pot5tial     
?reats 9 ! region1 ma9ta9+ cr$ible      
det]r5ce1 & = fo/]+ peace4  7#d7 ,!re is
 broad bip>tisan agreem5t t ! ,unit$    
,/ates mu/ h a /rong & durable economic 
/rategy 9 ! ,indo-,pacific to advance   
our comm]cial1 geo/rategic1 & national  
security int]e/s & support our allies & 
p>tn]s 9 ! region4  7#e7 ,?is is        
especially true & increas+ly urg5t 9 !  
face ( height5$ aggression & pressure f 
! ,,prc1 :i* seeks to exp& its influ5ce 
by actively pursu+ trade agreem5ts ) key
 p>tn]s 9 ! ,indo-,pacific t e/abli%    
pref]5tial treatm5t = goods & s]vices1  
deep5 supply *a9 integration1 & e/abli% 
rules bas$ on ! ,,prc's /ate-l$         
au?orit>ian economic model t und]cut    

,am]ica's work]s1 bus9esses1 & economic 
security4  7#f7 ,= decades1 ! ,unit$    
,/ates has s\ght to p]suade ! ,,prc to  
elim9ate h>mful trade practices & act   
responsibly )9 ! global rules-bas$ trad+
 sy/em4 ,un=tunately1 ! ,,prc has n     
sub/antially *ang$ its behavior & has   
in/ead us$ =c$ labor1 subsidies &       
ov]production1 intellectual prop]ty !ft 
& ! =c$ transf] ( te*nology1 au?orit>ian
 digital gov]nance policies1 economic   
co]cion1 & o!r unfair practices to      
advance an economic model t und]m9es    
human rights1 ,am]ican indu/ries &      
work]s1 & m>ket-bas$ economies ar\nd !  
_w4  7#g7 ,! ,,prc is n[ actively seek+ 
to increase trade ties 9 !              
,indo-,pacific region z a means to      
increase its economic influ5ce &        
increase supply *a9 dep5d5cy on ! ,,prc4
 ,"o ( ! mo/ prom95t examples ( !       
,,prc's gr[+ economic influ5ce 9 !      
,indo-,pacific region is ! ,regional    
,compreh5sive ,economic ,p>tn]%ip       
7,,rcep71 :i* ent]$ into =ce 9 ,janu>y  

#bjbb4 ,,rcep is n[ ! l>ge/ trade       
agreem5t 9 ! _w1 encompass+ #ae c\ntries
 t acc\nt = #cj p]c5t ( ! global        
economy4 ,?is agreem5t w increas+ly put 
! ,unit$ ,/ates at a competitive        
disadvantage z ! economies ( ! ,,prc1   
,au/ralia1 ,brunei1 ,cambodia1          
,indonesia1 ,japan1 ,korea1 ,laos1      
,malaysia1 ,myanm>1 ,new ,zeal&1 !      
,philipp9es1 ,s+apore1 ,?ail&1 &        
,vietnam gr[ m integrat$4  7#h7 ,! ,,prc
 is also actively negotiat+ num]\s o!r  
regional & bilat]al trade agreem5ts     
?r\gh\t ! region & is attempt+ to acc$e 
to ! ,compreh5sive & ,progressive       
,agreem5t = ,trans-,pacific ,p>tn]%ip   
7,,cptpp7 z well z ! ,digital ,economic 
,p>tn]%ip ,agreem5t 7,,depa74  7#i7 ,!  
,,prc's aggressive ass]tion ( its       
economic int]e/s 9 ! ,indo-,pacific     
?r\gh ! use ( trade agreem5ts und]scores
 ! ne$ = ! ,unit$ ,/ates to provide a   
mean+ful & cr$ible alt]native to a*ieve 
our economic & national security goals4 
7#aj7 ,am]ican work]s & bus9esses also  

face competitive pressures z o!r        
c\ntries 9 ! region pursue regional     
rules & pref]5tial trade agreem5ts )\t !
 p>ticipation ( ! ,unit$ ,/ates4 ,!re   
are n[ m ?an #bjj pref]5tial trade      
agreem5ts 9 =ce ) at lea/ "o p>ty f !   
region & ov] #ajj m are "u negotiation  
or p5d+ ratification4  7#aa7 ,to in=m   
future policymak+1 ,congress %\ld "w ) !
 adm9i/ration 9 a bip>tisan mann] to    
exam9e curr5t ,unit$ ,/ates economic    
policy t[>d ! ,indo-,pacific1 ! impacts 
( regional trade agreem5ts on ,am]ican  
competitiv5ess1 & policies to advance   
,unit$ ,/ates objectives 9 ! region4    
7#ab7 ,?r\gh a m compreh5sive trade &   
economic /rategy t[>d ! ,indo-,pacific  
region1 ! ,unit$ ,/ates c\ld ex]t great]
 lev]age to improve labor rights & help 
level ! play+ field = ,am]ican work]s1  
enhance environm5tal /&>ds1 c\nt]       
non-m>ket economies & au?orit>ianism1   
con/ruct m resili5t supply *a9s1 bett]  
meet ! ne$s ( our allies & p>tn]s1 & gr[
 our economy by address+ b>ri]s to trade

 = ,am]ican products4  #c4 ,inve/igation
 ( impact ( ,indo-,pacific regional     
agreem5ts on ,unit$ ,/ates              
competitiv5ess ,n lat] ?an #ahj days    
aft] ! date ( ! enactm5t ( ?is ,act1 !  
,unit$ ,/ates ,int]national ,trade      
,commission %all conduct & conclude an  
inve/igation to exam9e-- 7#a7 h[        
pref]5tial m>ket access provisions1     
includ+ t>iffs1 quotas1 & s]vices       
commitm5ts1 9 exi/+ ,indo-,pacific      
regional trade agreem5ts1 includ+ !     
,regional ,compreh5sive ,economic       
,p>tn]%ip 7,,rcep7 ,agreem5t & !        
,compreh5sive & ,progressive ,agreem5t =
 ,trans-,pacific ,p>tn]%ip 7,,cptpp71   
affect ,unit$ ,/ates exports & gr[?     
opportunities 9 ! ,indo-,pacific region2
  7#b7 h[ exi/+ non-t>iff b>ri]s1       
includ+ regulatory practices1 relatively
 l[] labor & environm5tal /&>ds1 diff]5t
 rules = sectors rang+ f agriculture & !
 digital economy1 & /&>d-sett+ 9 ^!     
areas z "p ( exi/+ ,indo-,pacific       
regional & bilat]al trade agreem5ts1    

impact ! competitiv5ess ( ,am]ican      
work]s & bus9esses2  7#c7 ! impact (    
exi/+ ,indo-,pacific regional trade     
agreem5ts on ,unit$ ,/ates supply *a9   
resili5cy & connectivity1 & 9 p>ticul>  
its impact on ! ,p's ,republic ( ,*9a's 
role 9 key global supply *a9s2 &  7#d7  
diff]5ces betwe5 ! ,unit$               
,/ates-,mexico-,canada ,agreem5t        
7,,usmca7 & ,,cptpp1 ,,rcep1 or o!r     
regional trade agreem5ts 9 !            
,indo-,pacific t w\ld likely h a        
sub/antial impact on ,unit$ ,/ates      
bus9esses & work]s4  #d4 ,indo-,pacific 
,trade ,/rategy ,commission  7a7        
,e/abli%m5t  7#a7 ,9 g5]al ,!re is h]eby
 e/abli%$ an indep5d5t commission to be 
kn[n z ! ,indo-,pacific ,trade ,/rategy 
,commission 79 ?is section ref]r$ to z !
 ,commission71 to develop f9d+s &       
recomm5dations = a compreh5sive trade   
/rategy = ! ,indo-,pacific region =     
purposes (--  7,a7 ensur+ su/a9$ ,unit$ 
,/ates economic & geopolitical lead]%ip 
9 ! ,indo-,pacific region2  7,b7 promot+

 ,unit$ ,/ates innovation1 exports1 &   
economic opportunities = work]s &       
bus9esses2  7,c7 c\nt]+ ! ,p's ,republic
 ( ,*9a's aggressive trade ag5da2  7,d7 
promot+ ,unit$ ,/ates values1 norms1 &  
/&>ds2  7,e7 /r5g!n+ ! ,unit$ ,/ates    
economy2  7,f7 bol/]+ ,unit$ ,/ates     
economic & national security1 includ+ by
 address+ ! vuln]abilities id5tifi$ 9 ! 
,g#g ,lead]s' ,/atem5t on ,economic     
,resili5ce & ,economic ,security ( ,may 
#bj1 #bjbc2 &  7,g7 promot+ ,unit$      
,/ates supply *a9 resili5ce4  7#b7      
,effective date ,?is subsection %all    
take effect on ! date t is #cj days aft]
 ! date ( ! enactm5t ( ?is ,act4  7b7   
,memb]%ip  7#a7 ,numb] & appo9tm5t ,!   
,commission %all be compos$ ( #ab memb]s
 appo9t$ z foll[s3 7,a7 #f memb]s       
appo9t$ by mutual agreem5t ( ! ,*air ( !
 ,committee on ,ways & ,means ( ! ,h\se 
( ,repres5tatives & ! ,rank+ ,memb] ( ! 
,committee on ,f9ance ( ! ,s5ate4  7,b7 
#f memb]s appo9t$ by mutual agreem5t ( !
 ,*air ( ! ,committee on ,f9ance ( !    

,s5ate & ! ,rank+ ,memb] ( ! ,committee 
on ,ways & ,means ( ! ,h\se (           
,repres5tatives4  7,c7 ,none ( ! appo9t$
 memb]s %all be a ,memb] ( ! ,h\se (    
,repres5tatives or a ,memb] ( ! ,s5ate4 
7#b7 ,qualifications ,! memb]s ( !      
,commission %all be individuals :o h    
well-docum5t$ exp]tise1 k1 or exp]i5ce 9
 ! ,indo-,pacific region1 &-- 7,a7      
int]national trade2  7,b7 economic &    
supply *a9 issues2  7,c7 labor matt]s2  
or  7,d7 environm5tal policy4  7#c7     
,meet+s ,! ,commission %all--  7,a7 hold
 public he>+s & meet+s2  7,b7 hold      
classifi$ he>+s or meet+s1 if necess>y  
to discuss classifi$ mat]ial or         
in=mation2  7,c7 provide an opportunity 
= public comm5t1 includ+ %>+ ( rese>* & 
policy analysis1 ?r\gh publication ( a  
solicitation = public comm5ts dur+ a    
p]iod ( n less ?an #de days2  7,d7      
consult qu>t]ly ) ,congress1            
specifically ) memb]s ( ! ,committee on 
,ways & ,means ( ! ,h\se (              
,repres5tatives & memb]s ( ! ,committee 

on ,f9ance ( ! ,s5ate2 &  7,e7 submit1 n
 lat] ?an #ah mon?s aft] ! date ( !     
enactm5t ( ?is ,act1 a f9al report to   
,congress1 specifically to ! memb]s ( ! 
,committee on ,ways & ,means ( ! ,h\se (
 ,repres5tatives & memb]s ( ! ,committee
 on ,f9ance ( ! ,s5ate4