This legislation aims to establish a clear process for evaluating the privileges granted to the Hong Kong Economic and Trade Offices in the United States, which are currently based on Hong Kong's autonomy from China. If it is determined that Hong Kong no longer enjoys a high degree of autonomy, the President would be required to revoke these privileges. Key provisions include a mandate for the Secretary of State to assess the status of these offices within 30 days of the law's enactment and as part of annual reviews.