116TH CONGRESS 

2D SESSION H. R. 5698 

AN ACT 

To direct the Secretary of the Treasury to instruct the 

United States Executive Directors at the international 

financial institutions on United States policy regarding 

international financial institution assistance with respect 

to advanced wireless technologies. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 
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1 SECTION 1. SHORT TITLE. 

2 This Act may be cited as the ‘‘Promoting Secure 5G 

3 Act of 2020’’. 

4 SEC. 2. UNITED STATES POLICY REGARDING INTER5 NATIONAL FINANCIAL INSTITUTION ASSIST6 ANCE WITH RESPECT TO ADVANCED WIRE7 LESS TECHNOLOGIES. 

8 (a) IN GENERAL.—The Secretary of the Treasury (in 

9 this section referred to as the ‘‘Secretary’’) shall instruct 

10 the United States Executive Director at each international 

11 financial institution (as defined in section 1701(c)(2) of 

12 the International Financial Institutions Act) that it is the 

13 policy of the United States to— 

14 (1) support assistance by the institution with 

15 respect to advanced wireless technologies (such as 

16 5th generation wireless technology for digital cellular 

17 networks and related technologies) only if the tech18 nologies provide appropriate security for users; 

19 (2) proactively encourage assistance with re20 spect to infrastructure or policy reforms that facili21 tate the use of secure advanced wireless tech22 nologies; and 

23 (3) cooperate, to the maximum extent prac24 ticable, with member states of the institution, par25 ticularly with United States allies and partners, in 
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1 order to strengthen international support for such 

2 technologies. 

3 (b) WAIVER AUTHORITY.—The Secretary may waive 

4 subsection (a) on a case-by-case basis, on reporting to the 

5 Committee on Financial Services of the House of Rep6 resentatives and the Committee on Foreign Relations of 

7 the Senate that the waiver— 

8 (1) will allow the United States to effectively 

9 promote the objectives of the policy described in sub10 section (a); or 

11 (2) is in the national interest of the United 

12 States, with an explanation of the reasons therefor. 

13 (c) PROGRESS REPORT.—The Chairman of the Na14 tional Advisory Council on International Monetary and Fi15 nancial Policies shall include in the annual report required 

16 by section 1701 of the International Financial Institutions 

17 Act a description of progress made toward advancing the 

18 policy described in subsection (a) of this section. 

19 (d) SUNSET.—The preceding provisions of this sec20 tion shall have no force or effect after the earlier of— 

21 (1) the date that is 7 years after the date of the 

22 enactment of this Act; or 

23 (2) the date that the Secretary reports to the 

24 committees specified in subsection (b) that termi25 nating the effectiveness of the provisions is impor-
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1 tant to the national interest of the United States, 

2 with a detailed explanation of the reasons therefor. 

Passed the House of Representatives September 21, 

2020. 

Attest: 

Clerk. 

116TH CONGRESS 

2D SESSION H. R. 5698 

AN ACT 

To direct the Secretary of the Treasury to instruct 

wireless technologies. stitution assistance with respect to advanced States policy regarding international financial ininternational financial institutions on United the United States Executive Directors at the