S. 1074 would require the Departments of State and Defense to identify and report to the Congress on U.S. goods and services that China relies on and Chinese goods and services that the federal government procures and relies on. The bill also would require those departments to report on policies to reduce the federal government’s reliance on Chinese imports and respond to potential coercive action by the Chinese government. On the basis of information about the costs of similar reports, CBO estimates that implementing the bill would cost less than $500,000 over the 2023-2028 period. Any spending would be subject to the availability of appropriated funds.
