Realizing Economic and Strategic Objectives while Leading with Values and Engagement Act of 2024
A BILL
To mobilize United States strategic, economic, and diplomatic tools to confront the challenges posed by the People’s Republic of China and to set a positive agenda for United States economic and diplomatic efforts abroad, and for other purposes.
Sec. 2 Definitions
In this Act:
Appropriate committees of Congress— The term appropriate committees of Congress means—
the Committee on Foreign Relations of the Senate; and
the Committee on Foreign Affairs of the House of Representatives.
Joint Declaration— The term Joint Declaration means the Joint Declaration of the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of the People’s Republic of China on the Question of Hong Kong, done at Beijing on December 19, 1984.
PRC— The term PRC means the People’s Republic of China.
Strategic infrastructure— The term “strategic infrastructure” means infrastructure where a primary driver of United States national interest in such infrastructure is—
to advance United States national security or economic security interest or those of the country in which the infrastructure is located; or
to deny the People’s Republic of China of ownership or control over such infrastructure.
Sec. 3 Consultation and engagement with Congress
Sense of Congress— It is the sense of Congress that—
the strategic competition between the United States and the PRC will require the United States to marshal sustained and political will to protect its vital interests, promote its values, and advance its economic and national security objectives for decades to come; and
sustained prioritization of the challenge posed by the PRC requires the participation of the whole United States Government, including—
the President to lead and direct the entire executive branch to treat the PRC as the greatest geopolitical and economic challenge for United States foreign policy;
bipartisan cooperation within Congress; and
frequent, sustained, and meaningful collaboration and consultation between the executive branch and Congress.
Engagement with Congress— Consistent with section 15(b) of the State Department Basic Authorities Act (22 U.S.C. 2680(b)), the Department of State shall keep the Committee on Foreign Relations of the Senate and the Committee on Foreign Affairs of the House of Representatives fully and currently informed with respect to all activities and responsibilities carried out in relation to the provisions of this Act, including by regularly consulting with the appropriate committees of Congress in the development and implementation of each of the strategies called for by the provisions of this Act.