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House Resolution Seeks Resolution for China Trade Barriers
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Jim Marshall (GA-8), along with Rep. Peter Roskam (IL-6), Financial Services Committee Chairman Barney Frank (MA-4) and Ranking Member Spencer Bachus (AL-6) introduced House Resolution 552 calling on the China to remove barriers to US financial services firms doing business in China.
House Resolution 552 calls on the government of the People’s Republic of China to immediately implement all of its World Trade Organization commitments in financial services to date as well as its commitments under the auspices of the Strategic Economic Dialogue between China and United States.
In addition, the resolution seeks to achieve Chinese commitments toward removal of all foreign investment caps on banking, life insurance, asset management and securities; nondiscriminatory treatment of U.S. financial services firms with regard to licensing, corporate form and permitted products and services; and nondiscriminatory treatment of U.S. financial services firms with regard to regulation and supervision.
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Jul 18, 2007, 11:48 AM
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