"It has had bipartisan support and we're able to do it quickly."

Senate Finance Committee Chairman Max BaucusMax Sieben BaucusBernie Sanders flexes power on single-payer ObamaCare architect supports single-payer system Trump has yet to travel west as president MORE (D-Mont.) and the panel's Subcommittee on International Trade ranking member John ThuneJohn Randolph ThuneAviation panel recommends Trump roll back safety rules Overnight Regulation: House moves to block methane rule | Senators wrestle with allowing driverless trucks | EPA delays toxic waste rule Overnight Tech: Senate looks at self-driving trucks | Facebook to keep ads off fake news | House panel calls Equifax CEO to testify MORE (R-S.D.) teamed up on the bill that reinstates the countervailing duties that had been in place since 2007.

The argue that the duties have protected an estimated 80,000 jobs across the country by holding non-market economies responsible for unfairly subsidizing billions of dollars of imports.

“By passing this bill, we’re backing American workers and businesses in the fight against China’s unfair trade practices,” Baucus said.  “China doesn’t get a free pass to violate the rules at the expense of American jobs," he said. 

"We need to maintain these countervailing duties and strongly enforce our trade laws to level the playing field for U.S. businesses and workers.”

The bill is not without its detractors, with Club for Growth urging lawmakers to oppose the legislation because it "makes it clear that Congress wants to escalate its trade war rhetoric with China." 

The plan doesn't fix the non-WTO-compliant "double counting" practice (it arguably makes it worse), and it harms U.S. importers and consumers by validating illegal, punitive duties that have already been collected," the group said. 

But the National Association of Manufacturers came out strongly in favor of the bill on Monday and questioned why any group would oppose it. 

The NAM welcomes the quick bipartisan, bicameral Congressional work in tandem with the Administration to fix a critical flaw in U.S. trade policy – the inability to defend against Chinese subsidized exports to the United States. Legislation is needed to correct a court’s finding that the Commerce Department currently lacks the authority to offset the harm done to U.S. manufacturers by these trade-distorting subsidies.  

"Failure to make it plain that the Commerce Department has this authority would leave manufacturers in the U.S. defenseless against rampant deep pocket Chinese and other government subsidies," said Frank Vargo, vice president of international economic affairs, NAM, in a blog post. 

"Some groups have amazingly has come out against this legislation, saying it restricts economic liberty," he said.  

"Being concerned about economic liberty, they should have come out strongly in support of the bills because the legislation is about removing government distortion of trade."

Vargo said the law would apply equally to subsidies from non-market as well as market economies. 

The bill also provides for the Commerce Department to make a reduction to antidumping duties in non-market economy cases where countervailing duties are simultaneously being imposed, if it can be demonstrated that domestic subsidies have inflated the dumping margin, and if the Commerce Department is able to reasonably estimate an adjustment. 

House Ways and Means Chairman Dave Camp (R-Mich.), ranking member Sander Levin (D-Mich.), Subcommittee on Trade Chairman Kevin BradyKevin BradyOvernight Finance: CBO to release limited analysis of ObamaCare repeal bill | DOJ investigates Equifax stock sales | House weighs tougher rules for banks dealing with North Korea Week ahead in finance: Clock ticking for GOP on tax reform Liberal groups want Mnuchin off GOP tax group following airplane controversies MORE (R-Texas) and ranking member Jim McDermottJim McDermottLobbying World Dem lawmaker: Israel's accusations start of 'war on the American government' Dem to Trump on House floor: ‘Stop tweeting’ MORE (D-Wash.) are leading the charge on the House side,

The bill was co-sponsored by 18 senators: Sherrod BrownSherrod Campbell Brown'Hillbilly Elegy' author won't run for Senate Brown, Portman urge Trump administration to move quickly on a steel decision Dems call on DeVos to work with CFPB to protect student borrowers MORE (D-Ohio), Mitch McConnellAddison (Mitch) Mitchell McConnellSenate passes 0B defense bill Overnight Health Care: New GOP ObamaCare repeal bill gains momentum Overnight Finance: CBO to release limited analysis of ObamaCare repeal bill | DOJ investigates Equifax stock sales | House weighs tougher rules for banks dealing with North Korea MORE (R-Ky.); Debbie StabenowDeborah (Debbie) Ann StabenowMich. Senate candidate opts for House run instead Report: GOP donors can't get in touch with Kid Rock Kid Rock denies press credentials to Detroit paper MORE (D-Mich.); Tom CoburnTom Coburn-trillion debt puts US fiscal house on very shaky ground Al Franken: 'I make fun of the people who deserved it' The more complex the tax code, the more the wealthy benefit MORE (R-Okla.); Jay RockefellerJay RockefellerOvernight Tech: Trump nominates Dem to FCC | Facebook pulls suspected baseball gunman's pages | Uber board member resigns after sexist comment Trump nominates former FCC Dem for another term Obama to preserve torture report in presidential papers MORE (D-W. Va.); Susan CollinsSusan Margaret CollinsSenate Dems hold floor talk-a-thon against latest ObamaCare repeal bill Ryan: Graham-Cassidy 'best, last chance' to repeal ObamaCare Collins skeptical of new ObamaCare repeal effort MORE (R-Maine); Bob CaseyRobert (Bob) Patrick CaseySenate Dems hold floor talk-a-thon against latest ObamaCare repeal bill GOP eying 'blue slip' break to help Trump fill the courts Dems offer alternative to Trump administration's child care proposal MORE (D-Pa.); Rob PortmanRobert (Rob) Jones PortmanWeek ahead in tech: Debate over online sex trafficking bill heats up 'Hillbilly Elegy' author won't run for Senate Brown, Portman urge Trump administration to move quickly on a steel decision MORE (R-Ohio); Tom CarperThomas (Tom) Richard CarperIt’s time for Congress to actually fix the individual health insurance market Where Dems stand on Sanders's single-payer bill Trump riles Dems with pick for powerful EPA job MORE (D-Del.); Jeff SessionsJefferson (Jeff) Beauregard SessionsRhode Island announces plan to pay DACA renewal fee for every 'Dreamer' in state Mich. Senate candidate opts for House run instead NAACP sues Trump for ending DACA MORE (R-Ala.); Bill NelsonClarence (Bill) William NelsonDem asks airlines to cap airfares ahead of Hurricane Maria Trump encourages Rick Scott to run for Senate Overnight Regulation: House moves to block methane rule | Senators wrestle with allowing driverless trucks | EPA delays toxic waste rule MORE (D-Fla.); Pat RobertsCharles (Pat) Patrick RobertsNo. 2 Senate Republican backs McConnell in Trump fight Overnight Healthcare: McConnell warns Senate not to block repeal debate | Insurers knock Cruz proposal | WH tries to discredit CBO | Lawmakers propose .1B NIH funding boost Trump: I’ll be ‘very angry’ if Senate doesn’t pass ObamaCare repeal bill MORE (R-Kan.); Robert MenendezRobert (Bob) MenendezOvernight Defense: Senate passes 0B defense bill | 3,000 US troops heading to Afghanistan | Two more Navy officials fired over ship collisions Poll finds little support for Menendez reelection Judge tells Menendez lawyer to 'shut up' MORE (D-N.J.); Lindsey GrahamLindsey Olin GrahamTop Louisiana health official rips Cassidy over ObamaCare repeal bill Senate Dems hold floor talk-a-thon against latest ObamaCare repeal bill Overnight Defense: Senate passes 0B defense bill | 3,000 US troops heading to Afghanistan | Two more Navy officials fired over ship collisions MORE (R-S.C.); Kirstin Gillibrand (D-N.Y.); Carl LevinCarl LevinPresident Trump, listen to candidate Trump and keep Volcker Rule Republicans can learn from John McCain’s heroism Trump and GOP wise to keep tax reform and infrastructure separate MORE (D-Mich.), Jeff MerkleyJeffrey (Jeff) Alan MerkleySenate Dems hold floor talk-a-thon against latest ObamaCare repeal bill Overnight Defense: Senate passes 0B defense bill | 3,000 US troops heading to Afghanistan | Two more Navy officials fired over ship collisions Senate passes 0B defense bill MORE (D-Ore.); and Olympia Snowe (R-Maine).