Indo-Pacific Trade Strategy Commission

(a) Establishment (1) In general There is hereby established an independent commission to be known as the Indo-Pacific Trade Strategy Commission (in this section referred to as the Commission), to develop findings and recommendations for a comprehensive trade strategy for the Indo-Pacific region for purposes of— (A) ensuring sustained United States economic and geopolitical leadership in the Indo-Pacific region; (B) promoting United States innovation, exports, and economic opportunities for workers and businesses; (C) countering the People’s Republic of China’s aggressive trade agenda; (D) promoting United States values, norms, and standards; (E) strengthening the United States economy; (F) bolstering United States economic and national security, including by addressing the vulnerabilities identified in the G7 Leaders’ Statement on Economic Resilience and Economic Security of May 20, 2023; and (G) promoting United States supply chain resilience. (2) Effective date This subsection shall take effect on the date that is 30 days after the date of the enactment of this Act. (b) Membership (1) Number and appointment The Commission shall be composed of 12 members appointed as follows: (A) 6 members appointed by mutual agreement of the Chair of the Committee on Ways and Means of the House of Representatives and the Ranking Member of the Committee on Finance of the Senate. (B) 6 members appointed by mutual agreement of the Chair of the Committee on Finance of the Senate and the Ranking Member of the Committee on Ways and Means of the House of Representatives. (C) None of the appointed members shall be a Member of the House of Representatives or a Member of the Senate. (2) Qualifications The members of the Commission shall be individuals who have well-documented expertise, knowledge, or experience in the Indo-Pacific region, and— (A) international trade; (B) economic and supply chain issues; (C) labor matters; or (D) environmental policy. (3) Meetings The Commission shall— (A) hold public hearings and meetings; (B) hold classified hearings or meetings, if necessary to discuss classified material or information; (C) provide an opportunity for public comment, including sharing of research and policy analysis, through publication of a solicitation for public comments during a period of not less than 45 days; (D) consult quarterly with Congress, specifically with members of the Committee on Ways and Means of the House of Representatives and members of the Committee on Finance of the Senate; and (E) submit, not later than 18 months after the date of the enactment of this Act, a final report to Congress, specifically to the members of the Committee on Ways and Means of the House of Representatives and members of the Committee on Finance of the Senate.