1. Short title This Act may be cited as the Countering Economic Coercion Act of 2023 . 2. Sense of Congress The following is the sense of Congress: (1) Foreign adversaries are increasingly using economic coercion to pressure, punish, and influence United States allies and partners. (2) Economic coercion causes economic harm to United States allies and partners and creates malign influence on the sovereign political actions of such allies and partners. (3) Economic coercion can threaten the essential security of the United States and its allies. (4) Economic coercion is often characterized by— (A) arbitrary, abusive, and discriminatory actions that seek to interfere with sovereign actions, violate international trade rules, and run counter to the rules-based international order; (B) capricious, pre-textual, and non-transparent actions taken without due process afforded; (C) intimidation or threats of punitive actions