I 
116TH CONGRESS 
1ST SESSION H. R. 3289 
To amend the Hong Kong Policy Act of 1992 and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 13, 2019 
Mr. SMITH of New Jersey (for himself, Mr. MCGOVERN, Mr. PERRY, Mr. 
SUOZZI, Mr. FITZPATRICK, Mr. SHERMAN, and Mr. YOHO) introduced the 
following bill; which was referred to the Committee on Foreign Affairs, 
and in addition to the Committees on the Judiciary, and Financial Serv-
ices, for a period to be subsequently determined by the Speaker, in each 
case for consideration of such provisions as fall within the jurisdiction of 
the committee concerned 
A BILL 
To amend the Hong Kong Policy Act of 1992 and for other 
purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Hong Kong Human Rights and Democracy Act of 
2019’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
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Sec. 1. Short title; table of contents. 
Sec. 2. Definitions. 
Sec. 3. Statement of policy. 
Sec. 4. Amendments to the United States-Hong Kong Policy Act of 1992. 
Sec. 5. Annual report on enforcement of United States export control and sanc-
tions laws by Hong Kong. 
Sec. 6. Protecting United States citizens and others from rendition to mainland 
China. 
Sec. 7. Identification of persons responsible for abductions and for other ac-
tions to suppress basic freedoms in Hong Kong. 
Sec. 8. Inadmissibility of certain aliens and family members. 
Sec. 9. Financial measures. 
Sec. 10. Reports to Congress. 
SEC. 2. DEFINITIONS. 
In this Act: 
(1) ADMITTED; ALIEN.—The terms ‘‘admitted’’ 
and ‘‘alien’’ have the meanings given those terms in 
section 101 of the Immigration and Nationality Act 
(8 U.S.C. 1101). 
(2) APPROPRIATE
CONGRESSIONAL
COMMIT-
TEES.—The term ‘‘appropriate congressional com-
mittees’’ means— 
(A) the Committee on Armed Services of 
the Senate; 
(B) the Committee on Banking, Housing, 
and Urban Affairs of the Senate; 
(C) the Committee on Foreign Relations of 
the Senate; 
(D) the Committee on Homeland Security 
and Governmental Affairs of the Senate; 
(E) the Committee on the Judiciary of the 
Senate; 
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(F) the Committee on Armed Services of 
the House of Representatives; 
(G) the Committee on Financial Services 
of the House of Representatives; 
(H) the Committee on Foreign Affairs of 
the House of Representatives; 
(I) the Committee on Homeland Security 
of the House of Representatives; and 
(J) the Committee on the Judiciary of the 
House of Representatives. 
(3) CHINA.—The term ‘‘China’’ means the Peo-
ple’s Republic of China. 
(4) FINANCIAL
INSTITUTION.—The term ‘‘fi-
nancial institution’’ has the meaning given that term 
in section 5312 of title 31, United States Code. 
(5) SOCIAL CREDIT SYSTEM.—The term ‘‘social 
credit system’’ means a system proposed by the Gov-
ernment of China, scheduled to be implemented by 
2020, that would aggregate data on every Chinese 
citizen and business from existing financial credit 
systems, mass surveillance, public records, online ac-
tivity, and artificial intelligence to expand the notion 
of a financial credit score, potentially rewarding or 
punishing certain financial, social, religious, or polit-
ical behaviors. 
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(6) 
UNITED
STATES
PERSON.—The 
term 
‘‘United States person’’ means— 
(A) a United States citizen or an alien law-
fully admitted for permanent residence to the 
United States; or 
(B) an entity organized under the laws of 
the United States or of any jurisdiction within 
the United States, including a foreign branch of 
such an entity. 
SEC. 3. STATEMENT OF POLICY. 
It is the policy of the United States— 
(1) to reaffirm the principles and objectives set 
forth in the United States-Hong Kong Policy Act of 
1992 (Public Law 102–383), namely that— 
(A) the United States has ‘‘a strong inter-
est in the continued vitality, prosperity, and 
stability of Hong Kong’’; 
(B) ‘‘[s]upport for democratization is a 
fundamental principle of United States foreign 
policy’’; 
(C) ‘‘the human rights of the people of 
Hong Kong are of great importance to the 
United States and are directly relevant to 
United States interests in Hong Kong [and] 
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serve as a basis for Hong Kong’s continued eco-
nomic prosperity’’; and 
(D) Hong Kong must remain sufficiently 
autonomous from the People’s Republic of 
China to justify a different treatment under a 
particular law of the United States, or any pro-
vision thereof, from that accorded the People’s 
Republic of China; 
(2) to support the democratic aspirations of the 
people of Hong Kong, as guaranteed to them by the 
Joint Declaration of the Government of the United 
Kingdom of Great Britain and Northern Ireland and 
the Government of the People’s Republic of China 
on the Question of Hong Kong, done at Beijing De-
cember 19, 1984 (referred to in this Act as the 
‘‘Joint Declaration’’), the International Covenant on 
Civil and Political Rights, done at New York Decem-
ber 19, 1966, the Universal Declaration of Human 
Rights, done at Paris December 10, 1948, and the 
Basic Law of the Hong Kong Special Administrative 
Region of the People’s Republic of China (referred 
to in this Act as the ‘‘Basic Law’’); 
(3) to urge the Government of the People’s Re-
public of China to uphold its commitments to Hong 
Kong, including allowing the people of Hong Kong 
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to rule Hong Kong with a high degree of autonomy 
and without undue interference, and ensuring that 
Hong Kong voters freely enjoy the right to elect the 
Chief Executive and all members of the Hong Kong 
Legislative Council by universal suffrage; 
(4) to support the establishment of a genuine 
democratic option to freely and fairly nominate and 
elect the Chief Executive of Hong Kong, and the es-
tablishment by 2020 of open and direct democratic 
elections for all members of the Hong Kong Legisla-
tive Council; 
(5) to support the robust exercise by residents 
of Hong Kong of the rights to free speech and the 
press as guaranteed to them by the Basic Law and 
the Joint Declaration; 
(6) to ensure that all residents of Hong Kong 
are afforded freedom from arbitrary or unlawful ar-
rest, detention, or imprisonment as guaranteed to 
them by the Basic Law and the Joint Declaration; 
(7) to draw international attention to any viola-
tions by the Government of the People’s Republic of 
China of the fundamental rights of residents of 
Hong Kong and any encroachment upon the auton-
omy guaranteed to Hong Kong by the Basic Law 
and the Joint Declaration; 
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(8) to protect United States citizens and long- 
term permanent residents living in Hong Kong and 
those visiting and transiting through Hong Kong; 
and 
(9) to maintain the economic and cultural ties 
that provide significant benefits to the United States 
and Hong Kong. 
SEC. 4. AMENDMENTS TO THE UNITED STATES-HONG KONG 
POLICY ACT OF 1992. 
(a) REPORT.—Title II of the United States-Hong 
Kong Policy Act of 1992 (22 U.S.C. 5721 et seq.) is 
amended— 
(1) in section 201(b), by inserting ‘‘or after’’ 
after ‘‘entered into before’’; and 
(2) adding at the end the following: 
‘‘SEC. 205. SECRETARY OF STATE REPORT REGARDING THE 
AUTONOMY OF HONG KONG. 
‘‘(a) REPORT.— 
‘‘(1) IN
GENERAL.—The Secretary of State 
shall annually certify to Congress, in conjunction 
with the report required under section 301, whether 
Hong Kong is sufficiently autonomous to justify spe-
cial treatment by the United States for bilateral 
agreements and programs, in accordance with this 
Act, including the degree to which Hong Kong’s au-
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tonomy has been eroded due to actions taken by the 
Government of China that are inconsistent with its 
commitments in the Basic Law and the Joint Dec-
laration and the impact of such erosion on specific 
areas of cooperation with the United States, includ-
ing on political rights, civil liberties, rule of law, 
freedom of information, religious freedom, and 
democratic governance in Hong Kong. 
‘‘(2) FACTOR FOR CONSIDERATION.—In making 
a certification under paragraph (1), the Secretary of 
State should consider the terms, obligations, and ex-
pectations expressed in the Joint Declaration with 
respect to Hong Kong. 
‘‘(b) WAIVER AUTHORITY.—The Secretary of State 
may waive the application of subsection (a) if the Sec-
retary— 
‘‘(1) determines that such a waiver is in the na-
tional security interests of the United States; and 
‘‘(2) on or before the date on which the waiver 
takes effect, notifies the Committee on Foreign Re-
lations of the Senate and the Committee on Foreign 
Affairs of the House of Representatives of the intent 
to waive such subsection.’’. 
(b) VISA APPLICANTS.—Title II of the United States- 
Hong Kong Policy Act of 1992 (22 U.S.C. 5721 et seq.), 
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as amended by subsection (a), is further amended by add-
ing at the end the following: 
‘‘SEC. 206. TREATMENT OF HONG KONG APPLICANTS FOR 
VISAS TO STUDY OR WORK IN THE UNITED 
STATES. 
‘‘(a) STATEMENT OF POLICY.—Notwithstanding any 
other provision of law, applications for visas to enter, 
study, or work in the United States, which are submitted 
by otherwise qualified applicants who resided in Hong 
Kong in 2014, shall not be denied on the basis of the ap-
plicant’s arrest, detention, or other adverse government 
action taken as a result of the applicant’s participation 
in nonviolent protest activities related to the electoral 
process, internationally recognized human rights, pro-
tecting an independent judiciary, or the rule of law. 
‘‘(b) IMPLEMENTATION.—The Secretary of State 
shall take such steps as may be necessary to ensure that 
consular officers are aware of the policy described in sub-
section (a) and receive appropriate training and support 
to ensure that the policy is carried out so that affected 
individuals do not face discrimination or unnecessary 
delay in the processing of their visa applications, includ-
ing— 
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‘‘(1) providing specialized training for consular 
officers posted to Hong Kong, Beijing, Guangzhou, 
or Macau; 
‘‘(2) instructing the United States Consulate in 
Hong Kong to maintain an active list of individuals 
whom are known to have been detained, arrested, or 
otherwise targeted by the Government of Hong 
Kong or of China, or intermediaries of such govern-
ments, as a result of their participation in the 2014 
protests, to facilitate the cross-checking of visa ap-
plications for Hong Kong residents; 
‘‘(3) amending the physical and online versions 
of the visa application, as necessary, to notify rel-
evant applicants of such policy; and 
‘‘(4) instructing personnel at the United States 
Consulate in Hong Kong to engage with relevant in-
dividuals 
in 
the 
Hong 
Kong 
community 
to 
proactively inform them that they will not face dis-
crimination when applying for a visa to the United 
States due to any adverse action taken against them 
by the authorities as a result of their participation 
in the 2014 protests or other peaceful pro-democracy 
or human rights demonstrations. 
‘‘(c) COOPERATION
WITH
LIKE-MINDED
COUN-
TRIES.—The Secretary of State, or his or her designee, 
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shall contact appropriate representatives of other demo-
cratic countries, particularly those who receive a large 
number of applicants for student and employment visas 
from Hong Kong— 
‘‘(1) to inform them of the United States policy 
regarding arrests for participation in nonviolent pro-
tests in Hong Kong; 
‘‘(2) to encourage them to take similar steps to 
ensure the rights of nonviolent protesters are pro-
tected from discrimination due to the actions of the 
Government of Hong Kong and of China; and 
‘‘(3) to offer to share information, as appro-
priate, regarding the execution of such policy, in-
cluding information regarding persons eligible for re-
lief under such policy.’’. 
SEC. 5. ANNUAL REPORT ON ENFORCEMENT OF UNITED 
STATES EXPORT CONTROL AND SANCTIONS 
LAWS BY HONG KONG. 
(a) IN GENERAL.—Not later than 180 days after the 
date of the enactment of this Act, and annually thereafter, 
the Secretary of Commerce, in consultation with the Sec-
retary of the Treasury and the Secretary of State, shall 
submit a report to the committees specified in subsection 
(b) that includes— 
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(1) an assessment of whether the Government 
of Hong Kong has adequately enforced the export 
control laws of the United States with respect to 
sensitive dual-use items; 
(2) to the extent possible, an identification of— 
(A) any items that were reexported from 
Hong Kong in violation of such laws; 
(B) the countries and persons to which 
such items were reexported; and 
(C) how such items were used; 
(3) an assessment of whether sensitive dual-use 
items subject to the export control laws of the 
United States are being— 
(A) transshipped through Hong Kong; and 
(B) used to develop— 
(i) the Sharp Eyes, Skynet, Inte-
grated Joint Operations Platform, or other 
systems of mass surveillance and predictive 
policing; or 
(ii) the ‘‘social credit’’ system of 
China; 
(4) an assessment of the efforts by the Govern-
ment of China to use the status of Hong Kong as 
a separate customs territory to import items into 
China in violation of the export control laws of the 
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United States, whether as part of the Greater Bay 
Area plan, the assignment of Hong Kong by Beijing 
as a national technology and innovation center, or 
through other programs that may exploit Hong 
Kong as a conduit for controlled sensitive tech-
nology; 
(5) an assessment of whether the Government 
of Hong Kong has adequately enforced sanctions im-
posed by the United States and the United Nations; 
and 
(6) a description of the types of goods and serv-
ices transshipped or reexported through Hong Kong 
in violation of such sanctions to— 
(A) North Korea or Iran; or 
(B) other countries, regimes, or persons 
subject to such sanctions for engaging in activi-
ties— 
(i) relating to international terrorism, 
international narcotics trafficking, or the 
proliferation of weapons of mass destruc-
tion; or 
(ii) that otherwise present a threat to 
the national security, foreign policy, or 
economy of the United States. 
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(i) with criminal procedure systems 
that lack strong protections for the rights 
of defendants; or 
(ii) in which the law is used as to re-
press internationally recognized human 
rights, including to mainland China; 
(B) would remove independent legislative 
oversight and appropriate judicial review of ex-
tradition requests; 
(C) may increase the influence of the Gov-
ernment of China in Hong Kong and further 
erode the autonomy guaranteed Hong Kong by 
the Joint Declaration; and 
(D) would erode Hong Kong’s reputation 
as a center of commerce and freedom governed 
by the rule of law. 
(2) The Government of China has subjected 
Chinese and foreign nationals, including citizens of 
the United States, Canada, Australia, Sweden, and 
Taiwan, to arbitrary detention, televised confessions, 
denial of legal representation and medical treatment, 
and other types of mistreatment. 
(b) POLICY STATEMENTS.—It is the policy to the 
United States— 
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(1) to ensure that United States citizens are 
protected from rendition to mainland China; 
(2) pursuant to section 103(7) of the United 
States-Hong Kong Policy Act of 1992 (22 U.S.C. 
5713(7)), to encourage United States businesses ‘‘to 
continue to operate in Hong Kong in accordance 
with applicable United States and Hong Kong law’’; 
and 
(3) pursuant to section 201(b) of such Act (22 
U.S.C. 5721(b)), to decide whether the Government 
of Hong Kong is ‘‘legally competent to carry out its 
obligations’’ under treaties and international agree-
ments established between the United States and 
Hong Kong. 
(c) RESPONSE TO THREAT OF RENDITION.—If the 
proposed amendments to Hong Kong’s Fugitive Offenders 
Ordinance are enacted, and the amended law allows ren-
ditions to countries that lack protection for the rights of 
defendants— 
(1) not later than 30 days after the date of the 
enactment of such amendments, the President shall 
submit a report to the appropriate congressional 
committees that— 
(A) assesses whether the Government of 
Hong Kong is ‘‘legally competent’’ to admin-
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ister the United States-Hong Kong Agreement 
for the Surrender of Fugitive Offenders; 
(B) determines whether any additional au-
thorities are needed to revise or withdraw from 
that treaty to protect United States citizens 
and national security and to support the guar-
anteed protections of the Joint Declaration; and 
(C) includes a strategy for protecting 
United States citizens from rendition to main-
land China from Hong Kong, including an as-
sessment of— 
(i) whether additional resources are 
needed for American Citizen Services at 
the United States Consulate in Hong 
Kong; and 
(ii) whether the Department of State 
will revise the travel advisory for Hong 
Kong to reflect the potential impact of the 
revised Fugitive Offenders Ordinance on 
United States residents and individuals 
traveling to, or transiting through, Hong 
Kong; and 
(2) if the Government of Hong Kong enacts a 
new law regarding national security, pursuant to Ar-
ticle 23 of the Basic Law, the President and the 
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Secretary of State shall take the actions required 
under paragraph (1) and any additional actions re-
quired under section 202 of the United States-Hong 
Kong Policy Act of 1992 (U.S.C. 5722) unless Sec-
retary of State certifies that— 
(A) the new law does not violate the guar-
antees of the Joint Declaration; and 
(B) the internationally recognized human 
rights of Hong Kong citizens and foreign resi-
dents will not be restricted as a result of the 
new law’s implementation. 
SEC. 7. IDENTIFICATION OF PERSONS RESPONSIBLE FOR 
ABDUCTIONS AND FOR OTHER ACTIONS TO 
SUPPRESS BASIC FREEDOMS IN HONG KONG. 
(a) IN GENERAL.—Not later than 180 days after the 
date of the enactment of this Act, and annually thereafter 
in conjunction with the publication of the report required 
under section 301 of the Hong Kong Policy Act of 1992 
(22 U.S.C. 5731) the President shall submit, to the appro-
priate congressional committees, a list containing the 
name of each person who the President determines, based 
on credible information, is responsible for— 
(1) the surveillance, abduction, detention, 
abuse, or forced confession of Gui Minhai, Lee Bo, 
Lam Wing-kee, Lui Bo, or Cheung Chi-ping, all of 
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whom are involved in the operation of the Mighty 
Current Publishing House based in Hong Kong; 
(2) the surveillance, abduction, detention, 
abuse, or forced confession of Guo Zhongxiao or 
Wang Jianmin, both of whom are involved in the op-
eration of magazine publications based in Hong 
Kong; or 
(3) the rendition to the mainland of the Peo-
ple’s Republic of China of any individual, or the ar-
bitrary detention, torture, or forced confession of 
any individual after rendition, in connection with the 
exercise by that individual of internationally recog-
nized human rights in Hong Kong, including such 
individuals extradited to the mainland of the Peo-
ple’s Republic of China under any amended fugitive 
offenders ordinance in Hong Kong. 
(b) CONSIDERATION OF CERTAIN INFORMATION.—In 
preparing the list required under subsection (a), the Presi-
dent shall consider— 
(1) information provided by the chairperson and 
ranking member of each of the appropriate congres-
sional committees; and 
(2) credible information obtained by other coun-
tries or nongovernmental organizations, including or-
ganizations inside China or Hong Kong, that mon-
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itor the human rights abuses of the Government of 
the China or its agents. 
(c) REQUESTS
BY CHAIRPERSON
AND RANKING 
MEMBER
OF APPROPRIATE CONGRESSIONAL COMMIT-
TEES.— 
(1) IN
GENERAL.—Not later than 120 days 
after receiving a written request from the chair-
person and ranking member of 1 of the appropriate 
congressional committees with respect to whether a 
person meets the criteria for being added to the list 
required under subsection (a), the President shall 
submit a response to the chairperson and ranking 
member of the committee that made the request 
with respect to the status of the person. 
(2) INFORMATION
ABOUT
REMOVAL
DECI-
SIONS.—If the President removes from the list re-
quired under subsection (a) a person that was placed 
on the list at the request of the chairperson and 
ranking member of 1 of the appropriate congres-
sional committees, the President shall provide the 
chairperson and ranking member with any informa-
tion that contributed to the decision to remove the 
person. 
(3) FORM.—The President may submit a re-
sponse required under paragraph (1) in classified 
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form if the President determines that such classi-
fication is vital to the national security interests of 
the United States. 
SEC. 8. INADMISSIBILITY OF CERTAIN ALIENS AND FAMILY 
MEMBERS. 
(a) IN GENERAL.—Section 212(a)(2) of the Immi-
gration and Nationality Act (8 U.S.C. 1182(a)(2)) is 
amended by adding at the end the following: 
‘‘(J) CERTAIN ALIENS RESPONSIBLE FOR 
ABDUCTIONS
OR
EXTRADITIONS
FROM
HONG 
KONG.—Any alien included in the list submitted 
by the President under section 7(a) of the 
Hong Kong Human Rights and Democracy Act 
of 2019 is inadmissible.’’. 
(b) CURRENT VISAS REVOKED.— 
(1) IN GENERAL.—The issuing consular officer, 
the Secretary of State, or the Secretary of Home-
land Security (or a designee of either Secretary) 
shall revoke any visa or other entry documentation 
issued to any alien who is included on the list re-
quired under section 7(a), regardless of when such 
visa or entry documentation was issued. 
(2) 
EFFECTIVE
DATE.—Revocations 
under 
paragraph (1) shall take effect on the date such ac-
tion is taken and shall automatically cancel any 
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other valid visa or entry documentation that is in 
the alien’s possession. 
(c) WAIVER FOR NATIONAL SECURITY INTERESTS.— 
(1) IN GENERAL.—The Secretary of State may 
waive, with respect to an alien, the application of 
section 212(a)(2) of the Immigration and Nation-
ality Act, as amended by subsection (a), or the ap-
plication of subsection (b) if the Secretary— 
(A) determines that such waiver— 
(i) is necessary to permit the United 
States to comply with the Agreement be-
tween the United Nations and the United 
States of America regarding the Head-
quarters of the United Nations, signed 
June 26, 1947, and entered into force No-
vember 21, 1947, or other applicable inter-
national obligations of the United States; 
or 
(ii) is vital to the national security in-
terests of the United States; and 
(B) before granting such waiver, provides 
to the appropriate congressional committees no-
tice of, and a justification for, the waiver. 
(2) TIMING FOR CERTAIN WAIVERS.—Notifica-
tion under subparagraph (B) of paragraph (1) shall 
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be made not later than 15 days before granting a 
waiver under such paragraph if the Secretary grants 
such waiver under subparagraph (A)(ii) of such 
paragraph. 
(d) REGULATORY AUTHORITY.—The Secretary of 
State shall prescribe such regulations as may be necessary 
to carry out this section. 
SEC. 9. FINANCIAL MEASURES. 
(a) BLOCKING OF PROPERTY.—The President shall 
exercise all powers granted by the International Emer-
gency Economic Powers Act (50 U.S.C. 1701 et seq.) (ex-
cept that the requirements of section 202 of such Act (50 
U.S.C. 1701) shall not apply) to the extent necessary to 
block and prohibit all transactions in all property and in-
terests in property of a person on the list required under 
section 7(a) if such property and interests in property— 
(1) are in the United States; 
(2) come within the United States; or 
(3) are or come within the possession or control 
of a United States person. 
(b) EXCEPTION FOR IMPORTATION OF GOODS.— 
(1) IN GENERAL.—The requirement to impose 
sanctions under subsection (a) shall not include the 
authority to impose sanctions with respect to the im-
portation of goods. 
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(2) GOOD
DEFINED.—In this subsection, the 
term ‘‘good’’ means any article, natural or manmade 
substance, material, supply or manufactured prod-
uct, including inspection and test equipment, and ex-
cluding technical data. 
(c) WAIVER FOR NATIONAL SECURITY INTERESTS.— 
The President may waive the application of subsection (a) 
if the President— 
(1) determines that such waiver is vital for the 
national security interests of the United States; and 
(2) not later than 15 days before granting the 
waiver, submits to the appropriate congressional 
committees notice of, and a justification for, the 
waiver. 
(d) ENFORCEMENT.— 
(1) PENALTIES.—Any person that violates, at-
tempts to violate, conspires to violate, or causes a 
violation of subsection (a) or any regulation, license, 
or order issued to carry out that subsection shall be 
subject to the penalties set forth in subsections (b) 
and (c) of section 206 of the International Emer-
gency Economic Powers Act (50 U.S.C. 1705) to the 
same extent as a person that commits an unlawful 
act described in subsection (a) of such section. 
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(2) REQUIREMENTS FOR FINANCIAL INSTITU-
TIONS.—Not later than 120 days after the date of 
the enactment of this Act, the Secretary of the 
Treasury shall prescribe or amend regulations to the 
extent necessary to require each financial institution 
that is a United States person and has within its 
possession or control assets that are property or in-
terests in property of a person on the list required 
under section 7(a) to certify to the Secretary that, 
to the best of the knowledge of the financial institu-
tion, the financial institution has blocked all assets 
within the possession or control of the financial in-
stitution in accordance with subsection (a). 
(3) NOTIFICATION
TO
CONGRESS.—Not later 
than 10 days before prescribing or revising regula-
tions under paragraph (2), the President shall notify 
the appropriate congressional committees of the pro-
posed regulations and the provisions of this Act or 
amendments made by this Act that the regulations 
are implementing. 
(e) RULEMAKING.—The Secretary of the Treasury 
shall issue such regulations, licenses, and orders as may 
be necessary to carry out this section. 
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