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

Senate Finance Committee Chairman Max BaucusMax Sieben BaucusSteady American leadership is key to success with China and Korea Orrin Hatch, ‘a tough old bird,’ got a lot done in the Senate Canada crossing fine line between fair and unfair trade MORE (D-Mont.) and the panel's Subcommittee on International Trade ranking member John ThuneJohn Randolph ThuneWeek ahead: Tech giants to testify on extremist content Overnight Tech: GOP senator presses Apple over phone slowdowns | YouTube cancels projects with Logan Paul after suicide video | CEOs push for DACA fix | Bill would punish credit agencies for breaches GOP senator presses Apple on phone slowdowns 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 Patrick BradyHouse passes tariff-relief bill GOP may increase IRS’s budget Overnight Finance: Congress barrels toward another shutdown crisis | Canada worries Trump will withdraw from NAFTA | Blue-state Republicans push tax law changes | Chamber CEO calls out Bannon, Warren 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 BrownSenate campaign fundraising reports roll in Commerce sends Trump long-awaited steel report GOP Rep. Jim Renacci announces Ohio Senate bid MORE (D-Ohio), Mitch McConnellAddison (Mitch) Mitchell McConnellSessions: 'We should be like Canada' in how we take in immigrants NSA spying program overcomes key Senate hurdle Overnight Finance: Lawmakers see shutdown odds rising | Trump calls for looser rules for bank loans | Consumer bureau moves to revise payday lending rule | Trump warns China on trade deficit MORE (R-Ky.); Debbie StabenowDeborah (Debbie) Ann StabenowSenate Finance Dems want more transparency on trade from Trump Prominent Michigan Republican drops out of Senate primary GOP chairman shoots down Democrat effort to delay tax work until Jones is seated MORE (D-Mich.); Tom CoburnThomas (Tom) Allen CoburnRepublicans in Congress shouldn't try to bring back earmarks Republicans should know reviving earmarks is a political nightmare Former GOP senator: Trump has a personality disorder MORE (R-Okla.); Jay RockefellerJohn (Jay) Davison 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 CollinsDemocrats search for 51st net neutrality vote Overnight Tech: States sue FCC over net neutrality repeal | Senate Dems reach 50 votes on measure to override repeal | Dems press Apple on phone slowdowns, kids' health | New Android malware found Overnight Regulation: Dems claim 50 votes in Senate to block net neutrality repeal | Consumer bureau takes first step to revising payday lending rule | Trump wants to loosen rules on bank loans | Pentagon, FDA to speed up military drug approvals MORE (R-Maine); Bob CaseyRobert (Bob) Patrick CaseySenate campaign fundraising reports roll in Senate Finance Dems want more transparency on trade from Trump Trump's 's---hole' remark sparks bipartisan backlash MORE (D-Pa.); Rob PortmanRobert (Rob) Jones PortmanFlake's anti-Trump speech will make a lot of noise, but not much sense Top GOP candidate drops out of Ohio Senate race Overnight Tech: Regulators to look at trading in bitcoin futures | Computer chip flaws present new security problem | Zuckerberg vows to improve Facebook in 2018 MORE (R-Ohio); Tom CarperThomas (Tom) Richard CarperSenate Finance Dems want more transparency on trade from Trump Overnight Energy: California regulators vote to close nuclear plant | Watchdog expands Pruitt travel probe | Washington state seeks exemption from offshore drilling plan Overnight Regulation: Fight erupts over gun export rules | WH meets advocates on prison reform | Officials move to allow Medicaid work requirements | New IRS guidance on taxes MORE (D-Del.); Jeff SessionsJefferson (Jeff) Beauregard SessionsSessions: 'We should be like Canada' in how we take in immigrants DOJ wades into archdiocese fight for ads on DC buses Overnight Cybersecurity: Bipartisan bill aims to deter election interference | Russian hackers target Senate | House Intel panel subpoenas Bannon | DHS giving 'active defense' cyber tools to private sector MORE (R-Ala.); Bill NelsonClarence (Bill) William NelsonSenate campaign fundraising reports roll in Week ahead: Tech giants to testify on extremist content Puerto Rico's children need recovery funds MORE (D-Fla.); Pat RobertsCharles (Pat) Patrick RobertsGOP senators eager for Romney to join them Canada tamps down worries about US NAFTA withdrawal Canada worried Trump will withdraw from NAFTA: report MORE (R-Kan.); Robert MenendezRobert (Bob) MenendezCongress must provide flexible funding for owners of repeatedly flooded properties Senate ethics panel resumes Menendez probe after judge declares mistrial Judge declares mistrial in Menendez bribery case MORE (D-N.J.); Lindsey GrahamLindsey Olin GrahamDHS chief takes heat over Trump furor Overnight Defense: GOP chair blames Dems for defense budget holdup | FDA, Pentagon to speed approval of battlefield drugs | Mattis calls North Korea situation 'sobering' Bipartisan group to introduce DACA bill in House MORE (R-S.C.); Kirstin Gillibrand (D-N.Y.); Carl LevinCarl LevinCongress: The sleeping watchdog Congress must not give companies tax reasons to move jobs overseas A lesson on abuse of power by Obama and his Senate allies MORE (D-Mich.), Jeff MerkleyJeffrey (Jeff) Alan MerkleyEarly tax bill reality very different than Democratic rhetoric Senate GOP seeks to change rules for Trump picks Dem senators tear into Trump: Tax bill 'a very big Christmas gift from Trump to himself' MORE (D-Ore.); and Olympia Snowe (R-Maine).