amended by inserting after subsection (l) (as added by sec-
tion 6 of this Act) the following new subsection: 
‘‘(m) SEMI-ANNUAL REPORT TO THE CONGRESS.— 
‘‘(1) IN GENERAL.—The Chairperson of the Com-
mittee shall transmit a report to the Congress before 
January 31 and July 31 of each year on all the re-
views and investigations of covered transactions con-
ducted under subsection (b) during the 6-month pe-
riod covered by the report. 
‘‘(2) CONTENTS OF REPORT RELATING TO COV-
ERED TRANSACTIONS.—The report under paragraph 
(1) shall contain the following information with re-
spect to each covered transaction: 
‘‘(A) A list of all notices filed and all re-
views or investigations conducted during the pe-
riod with basic information on each party to the 
transaction, the nature of the business activities 
or products of all pertinent persons, along with 
information about the status of the review or in-
vestigation, information on any withdrawal 
from the process, any rollcall votes by the Com-
mittee under this section, any extension of time 
for any investigation, and any presidential deci-
sion or action under this section. 
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‘‘(B) Specific, cumulative, and, as appro-
priate, trend information on the numbers of fil-
ings, investigations, withdrawals, and presi-
dential decisions or actions under this section. 
‘‘(C) Cumulative and, as appropriate, trend 
information on the business sectors involved in 
the filings which have been made, and the coun-
tries from which the investments have originated. 
‘‘(D) Information on whether companies 
that withdrew notices to the Committee in ac-
cordance with subsection (b)(1)(C)(ii) have later 
re-filed such notices, or, alternatively, abandoned 
the transaction. 
‘‘(E) The types of security arrangements 
and conditions the Committee has used to miti-
gate national security concerns about a trans-
action. 
‘‘(F) A detailed discussion of all perceived 
adverse effects of covered transactions on the na-
tional security or critical infrastructure of the 
United States that the Committee will take into 
account in its deliberations during the period be-
fore delivery of the next such report, to the extent 
possible. 
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‘‘(3) CONTENTS OF REPORT RELATING TO CRIT-
ICAL TECHNOLOGIES.— 
‘‘(A) IN GENERAL.—In order to assist the 
Congress in its oversight responsibilities with re-
spect to this section, the President and such 
agencies as the President shall designate shall in-
clude in the semi-annual report submitted under 
paragraph (1) the following: 
‘‘(i) An evaluation of whether there is 
credible evidence of a coordinated strategy 
by 1 or more countries or companies to ac-
quire United States companies involved in 
research, development, or production of crit-
ical technologies for which the United States 
is a leading producer. 
‘‘(ii) An evaluation of whether there 
are industrial espionage activities directed 
or directly assisted by foreign governments 
against private United States companies 
aimed at obtaining commercial secrets re-
lated to critical technologies. 
‘‘(B) CRITICAL TECHNOLOGIES DEFINED.— 
For purposes of this paragraph, the term ‘crit-
ical technologies’ means technologies identified 
under title VI of the National Science and Tech-
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nology Policy, Organization, and Priorities Act 
of 1976 or other critical technology, critical com-
ponents, or critical technology items essential to 
national defense or national security identified 
pursuant to this section. 
‘‘(C) RELEASE OF UNCLASSIFIED STUDY.— 
That portion of the semi-annual report under 
paragraph (1) that is required by this para-
graph may be classified. An unclassified version 
of that portion of the report shall be made avail-
able to the public.’’. 
(c) INVESTIGATION BY INSPECTOR GENERAL.— 
(1) IN GENERAL.—The Inspector General of the 
Department of the Treasury shall conduct an inde-
pendent investigation to determine all of the facts and 
circumstances concerning each failure of the Depart-
ment of the Treasury to make any report to the Con-
gress that was required under section 721(k) of the 
Defense Production Act of 1950 (as in effect before the 
date of the enactment of this Act). 
(2) REPORT TO THE CONGRESS.—Before the end 
of the 270-day period beginning on the date of the en-
actment of this Act, the Inspector General of the De-
partment of the Treasury shall submit a report to the 
Congress on the investigation under paragraph (1) 
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containing the findings and conclusions of the Inspec-
tor General. 
(d) STUDY AND REPORT.— 
(1) STUDY
REQUIRED.—Before the end of the 
120-day period beginning on the date of the enact-
ment of this Act, the Secretary of the Treasury, in 
consultation with the Secretary of State and the Sec-
retary of Commerce, shall conduct a study on invest-
ments in the United States, especially investments in 
critical infrastructure and industries affecting na-
tional security, by— 
(A) foreign governments, entities controlled 
by or acting on behalf of a foreign government, 
or persons of foreign countries which comply 
with any boycott of Israel; or 
(B) foreign governments, entities controlled 
by or acting on behalf of a foreign government, 
or persons of foreign countries which do not ban 
organizations designated by the Secretary of 
State as foreign terrorist organizations. 
(2) REPORT.—Before the end of the 30-day pe-
riod beginning upon completion of the study under 
paragraph (1) or in the next semi-annual report 
under section 721(m) of the Defense Production Act 
of 1950 (as added by subsection (b)), the Secretary of 
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