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house Bill H.R. 1704

Should U.S. Diplomacy Seek to Bolster American Businesses?

Argument in favor

American businesses’ global operations play a critical role in the health of the U.S. economy as a whole. U.S. diplomatic efforts should take businesses’ needs into consideration so they can compete against state-owned or state-backed enterprises based in countries like China.

Mark's Opinion
···
05/07/2019
Gee, you mean a US Government that actually defends our interests and puts the American citizen first? Novel idea. As opposed to leftist, beta male apologists who undermine our nations sovereignty, security and economic interests at every turn.
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Steve's Opinion
···
05/07/2019
Economic diplomacy is necessary to both promote the health of the American economy and to counter growing Chinese influence in developing countries.
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Cherie65's Opinion
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05/06/2019
We are being censured on here. Just a head's up.
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Argument opposed

While it’s important for the federal government to try to level the playing field for American businesses competing abroad, federal agencies engaged in diplomacy shouldn’t prioritize economic considerations above other considerations.

burrkitty's Opinion
···
05/06/2019
Diplomacy is about peace, not profit. This is not a good goal.
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Aron's Opinion
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05/06/2019
Diplomacy should be about peace and cooperation, not business. I’m tired of money being the most important thing in this country.
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Eduardo's Opinion
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05/07/2019
This could lead to compromising ethics and should not be considered as the only factor in negotiations
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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
      senate Committees
      Committee on Foreign Relations
  • The house Passed May 7th, 2019
    Roll Call Vote 400 Yea / 16 Nay
      house Committees
      Committee on Foreign Affairs
    IntroducedMarch 13th, 2019

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What is House Bill H.R. 1704?

This bill — the Championing American Business Through Diplomacy Act of 2019 — would seek to bolster the competitiveness of American businesses abroad by prioritizing U.S. economic and commercial diplomacy through the State Dept., Dept. of Commerce, and U.S. diplomatic missions around the world.

Specifically, this bill would:

  • Authorize an Assistant Secretary of State for Economic and Business Affairs and make them responsible for promoting and supporting U.S. economic and commercial diplomacy;
  • Require U.S. diplomats to promote U.S. economic and business interests abroad and report on their economic and commercial priorities and activities;
  • Mandate economic and commercial diplomacy training for Foreign Service Officers (FSOs);
  • Increase U.S. businesses’ awareness of U.S. government tools and services to promote American exports and investments overseas; and
  • Encourage the president to negotiate with countries on international standards for government-support quality infrastructure investments.

Impact

U.S. businesses; international businesses competing with U.S. businesses; international business competition; U.S. diplomats; FSOs; State Dept.; Dept. of Commerce; U.S. diplomatic missions; and the president.

Cost of House Bill H.R. 1704

$2.00 Million
The CBO estimates that implementing this bill would cost less than $500,000 annually, totaling $2 million over the 2019-2024 period.

More Information

In-DepthRep. Michael McCaul (R-TX) reintroduced this bill to bolster U.S. business competitiveness abroad and counter Chinese commercial competition by prioritizing economic and commercial diplomacy through enhanced partnership integration between the State Dept., Dept. of Commerce, and U.S. diplomatic around the world. These partnerships would seek to promote U.S. business values of high quality standards, transparency, and agility in adapting to foreign markets’ unique demands:

“American companies are the most innovative in the world and bring with them high standards and best practices wherever they go. Developing countries want American business, but in most markets China and others are winning with state-backed inducements and economic coercion. The enactment of the BUILD Act last year was an important first step to offer countries an attractive alternative to Beijing’s predatory lending practices. Among other improvements, U.S. businesses now have important financial tools to help them invest overseas, but more can be done. The bipartisan Championing American Business Through Diplomacy Act will bolster U.S. economic and commercial diplomacy, help facilitate greater market access for our companies in emerging markets, and rededicate the Foreign Service to one of its founding missions: to support U.S. business.”

In an interview with the Council on Foreign Relations (CFR), Rep. McCaul adds that this bill would get U.S. diplomats “to put more pressure and to advance American interest in Africa and other countries and continents, so that we can be competitive with China in this respect.” He contends that this is needed because right now, China is “winning” in global business competitiveness.

Rep. McCaul acknowledges that the BUILD Act of 2018 (H.R. 5105/S. 2463), which became law in October 2018 as part of the FAA Reauthorization Act of 2018 (H.R. 302), was “an important first step to offer countries an attractive alternative” to China’s corrupt practices,” but contends that more is needed to help U.S. companies compete globally.

This bill has five bipartisan cosponsors, including three Democrats and two Republicans, in the 116th Congress. Last Congress, this bill had one cosponsor, Rep. David Schweikert (R-AZ), and didn’t see committee action.


Media:

Summary by Lorelei Yang

(Photo Credit: iStockphoto.com / Tryaging)

AKA

Championing American Business Through Diplomacy Act of 2019

Official Title

To foster commercial relations with foreign countries and support United States economic and business interests abroad in the conduct of foreign policy, and for other purposes.

    Gee, you mean a US Government that actually defends our interests and puts the American citizen first? Novel idea. As opposed to leftist, beta male apologists who undermine our nations sovereignty, security and economic interests at every turn.
    Like (45)
    Follow
    Share
    Diplomacy is about peace, not profit. This is not a good goal.
    Like (104)
    Follow
    Share
    Diplomacy should be about peace and cooperation, not business. I’m tired of money being the most important thing in this country.
    Like (71)
    Follow
    Share
    This could lead to compromising ethics and should not be considered as the only factor in negotiations
    Like (45)
    Follow
    Share
    Economic diplomacy is necessary to both promote the health of the American economy and to counter growing Chinese influence in developing countries.
    Like (35)
    Follow
    Share
    No! No more using government funds & influence for the benefit big business - especially NOT to address a non-existent problem. Foreign countries would do business with the US if we would stop bullying them with sanctions & tariffs, honor our treaties & somehow restore our trustworthiness.
    Like (25)
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    Peace on earth Not price on earth
    Like (20)
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    We are being censured on here. Just a head's up.
    Like (19)
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    It is not the function off diplomacy to bolster specific Corporations or businesses. The first and foremost responsibility of diplomacy is peace.
    Like (18)
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    While it’s important for the federal government to try to level the playing field for American businesses competing abroad, federal agencies engaged in diplomacy shouldn’t prioritize economic considerations above other considerations.
    Like (15)
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    H.R 1704 the “Championing American Business Through Diplomacy Act I support and recommend the passage of the House bill H.R 1704 the “Championing American Business Through Diplomacy Act of 2019” which would seek to bolster the competitiveness of American businesses abroad by prioritizing U.S. economic and commercial diplomacy through the State Dept., Dept. of Commerce, and U.S. diplomatic missions around the world. American businesses’ global operations play a critical role in the health of the U.S. economy as a whole. U.S. diplomatic efforts should take businesses’ needs into consideration so they can compete against state-owned or state-backed enterprises based in countries like China. SneakyPete..... 👍🏻👍🏻HR-1704👍🏻👍🏻. 5*6*19....
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    Can’t see any diplomacy at all coming from this administration. All they ALL CARE ABOUT IS PROFITS FOR THEIR POCKETS. IF TRUMP ACTUALLY CARED ABOUT AMERICAN BUSINESSES HE WOULD NEVER HAD PUT TARIFFS ON THEM. Yes. Those tariffs are being paid by US AMERICANS. No one else is paying. We pay because THEY RAISE ALL PRICED ON EVERYTHING THEY SELL TO MAKE UP FOR THE STUPID TARIFFS. Nothing Trump has done had one whit of diplomacy in it. This bunch doesn’t know anything about diplomacy. $$$$ is the BOTTOM LINE FOR THEIR POCKETS.
    Like (11)
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    If American businesses want to promote themselves across the world, they can do that, but it’s not the job of the United States government to bolster U.S. companies abroad. Business and government are two separate entities and this is one of the reasons why we need to get private money out of politics!
    Like (11)
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    Government of the corporations, by the corporations, for the corporations.
    Like (9)
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    Another Republican scheme to take money away from the poor and the middle class. I don’t trust the Republicans. Specially with Dfrump is in office!!!
    Like (8)
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    YES. Make better products. Compete on the basis of the great GOODS we can produce.
    Like (8)
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    This is a no brained vote. This is Pres Trump’s area,listen learn. If you vote no or bad mouth his actions then you are NOT American go live in Venezuela and live your dreams.
    Like (8)
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    Diplomacy is for making and keeping peace—not the profits of the corporatocracy.
    Like (8)
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    This should be a side effect, not a goal.
    Like (8)
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    Why would anyone not want to bolster our own economy? That would be stupid and self defeating
    Like (7)
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