I 
118TH CONGRESS 
1ST SESSION 
H. R. 514 
To establish a National Development Strategy, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 25, 2023 
Mr. KHANNA introduced the following bill; which was referred to the Com-
mittee on Financial Services, and in addition to the Committee on Energy 
and Commerce, for a period to be subsequently determined by the Speak-
er, in each case for consideration of such provisions as fall within the ju-
risdiction of the committee concerned 
A BILL 
To establish a National Development Strategy, 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. 
This Act may be cited as the ‘‘National Development 
Strategy and Coordination Act of 2023’’. 
SEC. 2. DEFINITIONS. 
In this Act: 
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(1) 
APPROPRIATE
CONGRESSIONAL
COM-
MITTEE.—The term ‘‘appropriate congressional com-
mittee’’ means— 
(A) the Committee on Banking, Housing, 
and Urban Affairs, the Committee on Finance, 
the Committee on Commerce, Science, and 
Transportation, and the Select Committee on 
Intelligence of the Senate; and 
(B) the Committee on Financial Services, 
the Committee on Energy and Commerce, and 
the Permanent Select Committee on Intelligence 
of the House of Representatives. 
(2) COUNTRY OF CONCERN.—The term ‘‘coun-
try of concern’’ means— 
(A) the People’s Republic of China and 
any other foreign government or foreign non- 
government person determined to be a foreign 
adversary under section 7.4 of title 15, Code of 
Federal Regulations, or any successor regula-
tion; or 
(B) any country determined by the Sec-
retary of Commerce, in consultation with the 
United States Trade Representative, the Sec-
retary of Defense, and the Director of National 
Intelligence, to have inadequate safeguards in 
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place to protect United States funds (or intel-
lectual property developed using such funds) 
from theft or transfer to a foreign government 
or foreign non-government person described in 
subparagraph (A). 
(3) ENTITY OF CONCERN.—The term ‘‘entity of 
concern’’ means— 
(A) an entity headquartered in a country 
of concern; 
(B) an entity that is more than 25-percent 
owned by individuals or entities in countries of 
concern; 
(C) an entity on the list of specially des-
ignated nationals and blocked persons main-
tained by the Office of Foreign Assets Control 
of the Department of the Treasury (commonly 
referred to as the ‘‘SDN list’’); 
(D) an entity on the Non-SDN Chinese 
Military-Industrial Complex Companies List— 
(i) established pursuant to Executive 
Order 13959 (50 U.S.C. 1701 note; relat-
ing to addressing the threat from securities 
investments that finance Communist Chi-
nese military companies), as amended be-
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