This bill limits the provision of funds authorized for surface transportation programs to an entity that is owned, controlled by, or otherwise related legally or financially to a corporation based in specified countries.
Such countries are those that
- are identified as nonmarket economy countries (i.e., foreign countries that do not operate on market principles of cost or pricing structures),
- are identified by the U.S. Trade Representative (USTR) as a priority foreign country (e.g., a country that does not protect intellectual property rights), and
- are subject to monitoring by the USTR.