Countering Economic Coercion Act of 2023

The Countering Economic Coercion Act of 2023 authorizes the President to provide economic support to U.S. allies and partners affected by economic coercion from foreign adversaries. Key provisions include reducing tariffs on goods from affected countries, expediting export licenses, and requesting foreign aid, all while requiring coordination with allied nations. The bill mandates presidential consultation with Congress before taking action and establishes a 45-day congressional review period for these measures. This legislation aims to strengthen international partnerships while creating new opportunities for U.S. businesses and workers.