H.Res. 552: Calling on the Government of the People's Republic of China to remove barriers to United States financial services firms doing business in China.

110th Congress · introduced 2007-07-17 · Foreign Trade and International Finance · Latest: Motion to reconsider laid on the table Agreed to without objection.

federal

Follow this bill, step by step

Where it came from: introduced 2007-07-17 · official record
Who proposed it: Rep. Marshall, Jim [D-GA-8] · what a sponsor is
What happened next: 1 recorded vote in our records. Latest: House roll call 850 (2007): On Motion to Suspend the Rules and Agree, HRES552 (2007-09-05), Passed. See all
Where it stands now: Motion to reconsider laid on the table Agreed to without objection. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Calling on the Government of the People's Republic of China to remove barriers to United States financial services firms doing business in China.

Plain summary

(This measure has not been amended since it was introduced. The summary of that version is repeated here.) Declares the sense of the House of Representatives that: (1) the government of the People's Republic of China should immediately implement all of its World Trade Organization (WTO) commitments to date in financial services; and (2) it should immediately implement all of its commitments to date made under the auspices of the Strategic Economic Dialogue (SED) initiated by the Secretary of the Treasury. States that U.S. goals for the next SED meeting should be to achieve Chinese commitments toward: (1) removal of all foreign investment ownership caps on banking, life insurance, asset management, and securities; and (2) nondiscriminatory treatment of U.S. financial services firms with regard to licensing, corporate form, and permitted products and services, as well as regulation and supervision. Urges U.S. financial service regulators, in assessing whether applications from Chinese financial institutions meet comprehensive consolidated supervision standards, to consider: (1) whether such applications are for operations and activities in the United States that are currently prohibited for U.S. financial institutions in China; and (2) the extent to which such prohibitions reflect problems with the quality of home country supervision.

Congressional Research Service summary (Passed House without amendment), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

A Yea supports adopting this resolution.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Calling on the Government of the People's Republic of China to remove barriers to United States financial services firms doing business in China.

Source: Congressional Research Service summary (Passed House without amendment)

AI explanation – may be wrong, check the official text

No AI explanation yet. It takes up to a minute to write and is then saved for everyone.

Limited to a few requests an hour per person.

The strongest published arguments

Arguments for (supporters)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Arguments against (opponents)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Alternatives

Needs sources: no published alternatives yet (for example a different bill, a law instead of an amendment, or keeping current law). We only show items backed by a published source. Suggest one.

How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Marshall, Jim [D-GA-8] · 3 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Recorded votes

House roll call 850 (2007): On Motion to Suspend the Rules and Agree, HRES552 (2007-09-05): Passed

Words on this page, explained (4)

Resolution: A formal statement or decision by a legislative body. Simple resolutions often only express an opinion or set rules for one chamber; they do not become law.
Roll-call vote: A vote where each member's position is recorded by name, so the public can see how every member voted. "Yea" means yes, "Nay" means no, "Present" means the member was there but did not take a side.
Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Passed House without amendment)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-110hres552.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/110/hres>

Record fed-us-cong110-hres552 · catalog fed-us-congress-bills-cong110 · updated 2026-11-15 by psicol fed-bills-cong110