H.R. 5505, also known as the "Strengthening American Leadership in the Indo-Pacific Act" or the "EAGLE Act," is a bill introduced in the 117th Congress that aims to strengthen and reassert the United States' global leadership, investment, and engagement in the Indo-Pacific region and around the world. The bill includes provisions on investment in American competitiveness, global infrastructure and energy development, economic diplomacy and leadership, financial diplomacy and leadership, and investment alliances and partnerships. It also includes policy statements, congressional findings, and construction rules. The bill seeks to diversify and manage global supply chains, support economic independence from China, advance reliable energy infrastructure, and strengthen the role of the US in international financial institutions. It also aims to promote US leadership in the Asia-Pacific Economic Cooperation (APEC) and address digital technology issues. The bill includes provisions on reviewing China's economic and trade participation in the world, reviewing China's financial industry policies, and strengthening US capital market representation. It also includes provisions on promoting四方合作, forming a Quad parliamentary working group, and supporting the US in standard-setting institutions. The bill also includes provisions on promoting financial diplomacy and strengthening US leadership in the global financial system, supporting US allies and partners in the Indo-Pacific region, and addressing the impact of digital payments and financial information systems changes on diplomacy and the economy.
