H.R. 3498 117th Congress House

DATA Act

Official title: To direct the Secretary of Commerce to establish within the Bureau of Economic Analysis of the Department of Commerce a China Economic Data Coordination Center.

Introduced: September 3, 2021 See on congress.gov

Foreign Trade and International Finance AsiaBank accounts, deposits, capitalBudget deficits and national debtChina

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Congressional oversightDepartment of CommerceEconomic performance and conditionsEmployee benefits and pensionsExecutive agency funding and structureForeign and international bankingForeign and international corporationsForeign loans and debtGovernment studies and investigationsInterest, dividends, interest ratesInternational monetary system and foreign exchangeResearch and developmentU.S. and foreign investments

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

May 25, 2021

Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

May 25, 2021

Introduced in House

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Latest action May 25, 2021

Plain-English summary Congressional Research Service

Documenting Adversarial Trade Aggression Act or the DATA Act

This bill requires the Department of Commerce to establish a China Economic Data Coordination Center within the Bureau of Economic Analysis.

The center must collect, synthesize, and report on specified Chinese economic data regarding developments in China's financial markets and U.S. exposure to risks and vulnerabilities in China's financial system.

Related & companion bills 1

Bill text 1 version