Leveling the Playing Field 2.0 Act

This bill makes changes to U.S. trade laws that deal with unfair pricing and foreign government subsidies on imported products. It sets up new rules for running back-to-back investigations into these unfair trade practices and gives the Department of Commerce new tools, like the ability to look into subsidies a foreign government gives to a company operating in a different country and to investigate whether foreign countries are deliberately undervaluing their currency as a form of unfair subsidy. The bill also requires importers to confirm that the products they're bringing into the country aren't subject to special trade duties, and it creates official timelines and procedures for the Department of Commerce to follow when investigating whether companies are trying to get around existing trade rules.

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