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House of Representatives, the majority leader and minor-
ity leader of the Senate, the Chairman and Ranking Mem-
ber of the Committee on Energy and Commerce of the 
House of Representatives, the Chairman and Ranking 
Member of the Committee on Financial Services of the 
House of Representatives, the Chairman and Ranking 
Member of the Committee on Banking, Housing, and 
Urban Affairs of the Senate, and the Chairman and Rank-
ing Member of the Committee on Health, Education, 
Labor, and Pensions of the Senate.’’. 
(b) INVESTMENT IN SUPPLY CHAIN SECURITY.— 
(1) IN GENERAL.—Section 303 of the Defense 
Production Act of 1950 (50 U.S.C. 4533) is amend-
ed by adding at the end the following: 
‘‘(h) INVESTMENT IN SUPPLY CHAIN SECURITY.— 
‘‘(1) IN GENERAL.—In addition to other au-
thorities in this title, the President may make avail-
able to an eligible entity described in paragraph (2) 
payments to increase the security of supply chains 
and supply chain activities, if the President certifies 
to Congress not less than 30 days before making 
such a payment that the payment is critical to meet 
national defense requirements of the United States. 
‘‘(2) ELIGIBLE ENTITY.—An eligible entity de-
scribed in this paragraph is an entity that— 
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‘‘(A) is organized under the laws of the 
United States or any jurisdiction within the 
United States; and 
‘‘(B) produces— 
‘‘(i) one or more critical components; 
‘‘(ii) critical technology; or 
‘‘(iii) one or more products or raw 
materials for the security of supply chains 
or supply chain activities. 
‘‘(3) DEFINITIONS.—In this subsection, the 
terms ‘supply chain’ and ‘supply chain activities’ 
have the meanings given those terms by the Presi-
dent by regulation.’’. 
(2) REGULATIONS.— 
(A) IN GENERAL.—Not later than 90 days 
after the date of the enactment of this Act, the 
President shall prescribe regulations setting 
forth definitions for the terms ‘‘supply chain’’ 
and ‘‘supply chain activities’’ for the purposes 
of section 303(h) of the Defense Production Act 
of 1950 (50 U.S.C. 4533(h)), as added by para-
graph (1). 
(B) SCOPE OF DEFINITIONS.—The defini-
tions required by subparagraph (A)— 
(i) shall encompass— 
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(I) the organization, people, ac-
tivities, information, and resources in-
volved in the delivery and operation of 
a product or service used by the Gov-
ernment; or 
(II) critical infrastructure as de-
fined in Presidential Policy Directive 
21 (February 12, 2013; relating to 
critical infrastructure security and re-
silience); and 
(ii) may include variations as deter-
mined necessary and appropriate by the 
President for purposes of national defense. 
SEC. 5455. SPECIAL DRAWING RIGHTS EXCHANGE PROHIBI-
TION. 
(a) IN GENERAL.—The Secretary of the Treasury 
may not engage in any transaction involving the exchange 
of Special Drawing Rights issued by the International 
Monetary Fund that are held by the Russian Federation 
or Belarus. 
(b) ADVOCACY.—The Secretary of the Treasury 
shall— 
(1) vigorously advocate that the governments of 
the member countries of the International Monetary 
Fund, to the extent that the member countries issue 
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freely usable currencies, prohibit transactions involv-
ing the exchange of Special Drawing Rights held by 
the Russian Federation or Belarus; and 
(2) direct the United States Executive Director 
at each international financial institution (as defined 
in section 1701(c)(2) of the International Financial 
Institutions Act) to use the voice and vote of the 
United States to oppose the provision of financial 
assistance to the Russian Federation and Belarus, 
except to address basic human needs of the civilian 
population. 
(c) TERMINATION.—The preceding provisions of this 
section shall have no force or effect on the earlier of— 
(1) the date that is 5 years after the date of the 
enactment of this Act; or 
(2) 30 days after the date that the President 
reports to the Congress that the governments of the 
Russian Federation and Belarus have ceased desta-
bilizing activities with respect to the sovereignty and 
territorial integrity of Ukraine. 
(d) WAIVER.—The President may waive the applica-
tion of this section if the President reports to the Congress 
that the waiver is in the national interest of the United 
States and includes an explanation of the reasons therefor. 
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SEC. 5456. PROHIBITION ON INSIDER TRADING. 
(a) IN GENERAL.—The Securities Exchange Act of 
1934 (15 U.S.C. 78a et seq.) is amended by inserting after 
section 16 (15 U.S.C. 78p) the following: 
‘‘SEC. 16A. PROHIBITION ON INSIDER TRADING. 
‘‘(a) PROHIBITION AGAINST TRADING SECURITIES 
WHILE AWARE
OF MATERIAL, NONPUBLIC INFORMA-
TION.—It shall be unlawful for any person, directly or in-
directly, to purchase, sell, or enter into, or cause the pur-
chase or sale of, or entry into, any security, security-based 
swap, or security-based swap agreement if that person, at 
the time the person takes such an action— 
‘‘(1) has access to information relating to such 
security, security-based swap, or security-based swap 
agreement that is material and nonpublic and is 
aware (including if the person consciously avoids 
being aware), or recklessly disregards, that such in-
formation is material and nonpublic; and 
‘‘(2) is aware (including if the person con-
sciously avoids being aware), or recklessly dis-
regards, that— 
‘‘(A) the information described in para-
graph (1) has been obtained wrongfully; or 
‘‘(B) the purchase, sale, or entry would 
constitute wrongful trading on the information 
described in paragraph (1). 
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‘‘(b) PROHIBITION AGAINST THE WRONGFUL COM-
MUNICATION OF CERTAIN MATERIAL, NONPUBLIC INFOR-
MATION.—It shall be unlawful for any person, the pur-
chase or sale of a security or security-based swap (or entry 
into a security-based swap agreement) by which would vio-
late subsection (a), to wrongfully communicate material, 
nonpublic information relating to that security, security- 
based swap, or security-based swap agreement to any 
other person, if— 
‘‘(1) the person communicating the information, 
at the time the person communicates the informa-
tion, is aware (including if the person consciously 
avoids being aware), or recklessly disregards, that 
such communication would result in such a pur-
chase, sale, or entry; and 
‘‘(2) any recipient of the wrongfully commu-
nicated information purchases, sells, or causes the 
purchase or sale of any security or security-based 
swap, or enters into (or causes the entry into) any 
security-based swap agreement, based on that com-
munication. 
‘‘(c) STANDARD AND KNOWLEDGE REQUIREMENT.— 
‘‘(1) STANDARD.—For purposes of this section, 
trading while aware of material, nonpublic informa-
tion under subsection (a), or communicating mate-
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rial, nonpublic information under subsection (b), is 
wrongful only if the information has been obtained 
by, or the communication or trading on the informa-
tion would constitute, directly or indirectly— 
‘‘(A) theft, conversion, bribery, misrepre-
sentation, espionage (through electronic or 
other means), or other unauthorized access of 
the information; 
‘‘(B) a violation of any Federal law pro-
tecting— 
‘‘(i) computer data; or 
‘‘(ii) the intellectual property or pri-
vacy of computer users; 
‘‘(C) misappropriation from a source of the 
information; or 
‘‘(D) a breach of any fiduciary duty to 
shareholders of an issuer for a direct or indirect 
personal benefit, including— 
‘‘(i) an existing or future pecuniary 
gain or reputational benefit; or 
‘‘(ii) a gift of confidential information 
to a relative or friend. 
‘‘(2) KNOWLEDGE REQUIREMENT.—It shall not 
be necessary that a person trading while aware of 
information in violation of subsection (a), or making 
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a communication in violation of subsection (b), 
knows the specific means by which the information 
was obtained or communicated or traded on, or the 
specific benefit described in paragraph (1)(D) that 
was received, paid, or promised by or to any person 
in the chain of communication, if the person trading 
while aware of the information or making the com-
munication, as applicable, at the time the person 
makes the trade or communicates the information, is 
aware (including if the person consciously avoids 
being aware), or recklessly disregards, that the in-
formation was wrongfully obtained, wrongfully trad-
ed on, or wrongfully communicated. 
‘‘(d) AFFIRMATIVE DEFENSES.— 
‘‘(1) IN GENERAL.—The Commission may, by 
rule or by order, exempt any person, security, or 
transaction, or any class of persons, securities, or 
transactions, from any or all of the provisions of this 
section, upon such terms and conditions as the Com-
mission considers necessary or appropriate in fur-
therance of the purposes of this title. 
‘‘(2) 
RULE
10B5–1
COMPLIANT
TRANS-
ACTIONS.—The prohibitions of this section shall not 
apply to any transaction that satisfies the require-
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ments of section 240.10b5–1 of title 17, Code of 
Federal Regulations, or any successor regulation. 
‘‘(e) RULE OF CONSTRUCTION.—The rights and rem-
edies provided by this section shall be in addition to any 
and all other rights and remedies that may exist at law 
or in equity (without regard to whether such a right or 
remedy is provided under this Act) with respect to an ac-
tion by a person to— 
‘‘(1) purchase, sell, or enter into a security, se-
curity-based swap, or security-based swap agreement 
while aware of material, nonpublic information; or 
‘‘(2) communicate material, nonpublic informa-
tion relating to a security, security-based swap, or 
security-based swap agreement.’’. 
(b) CONFORMING
AMENDMENTS.—The Securities 
Exchange Act of 1934 (15 U.S.C. 78a et seq.) is amend-
ed— 
(1) 
in 
section 
3(a)(78)(A) 
(15 
U.S.C. 
78c(a)(78)(A)), by inserting ‘‘16A,’’ after ‘‘16,’’; 
(2) in section 21(d)(2) (15 U.S.C. 78u(d)(2)), 
by striking ‘‘or the rules or regulations thereunder’’ 
and inserting ‘‘, section 16A of this title, or the 
rules or regulations under either such section’’; 
(3) in section 21A (15 U.S.C. 78u–1)— 
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(A) in subsection (g)(1), by striking ‘‘sec-
tion 10(b) and Rule 10b–5 thereunder’’ and in-
serting ‘‘section 10(b), Rule 10b–5 thereunder, 
and section 16A’’; and 
(B) in subsection (h)(1), by striking ‘‘sec-
tion 10(b), and Rule 10b–5 thereunder’’ and in-
serting ‘‘section 10(b), Rule 10b–5 thereunder, 
and section 16A’’; and 
(4) in section 21C(f) (15 U.S.C. 78u–3(f)), by 
striking ‘‘or the rules or regulations thereunder’’ and 
inserting ‘‘, section 16A, or the rules or regulations 
under either such section’’. 
SEC. 5457. COMMUNITY DEVELOPMENT BLOCK GRANT DIS-
ASTER RECOVERY PROGRAM. 
(a) IN GENERAL.—Title I of the Housing and Com-
munity Development Act of 1974 is amended— 
(1) in section 101(c) (42 U.S.C. 5301(c))— 
(A) in paragraph (8), by striking ‘‘and’’ at 
the end; 
(B) in paragraph (9), by striking the pe-
riod at the end and inserting ‘‘; and’’; and 
(C) by inserting after paragraph (9) and 
before the undesignated matter at the end the 
following: 
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‘‘(10) in the case of grants awarded under sec-
tion 123, the recovery from disasters and efforts to 
mitigate the effects of future disasters.’’; 
(2) in section 102(a) (42 U.S.C. 5302(a))— 
(A) in paragraph (20)(A), by inserting be-
fore the last sentence the following: ‘‘The term 
‘persons of middle income’ means families and 
individuals whose incomes exceed 80 percent, 
but do not exceed 120 percent, of the median 
income of the area involved, as determined by 
the Secretary with adjustments for smaller and 
larger families.’’; and 
(B) by adding at the end the following new 
paragraph: 
‘‘(25) The term ‘major disaster’ has the mean-
ing given such term in section 102 of the Robert T. 
Stafford Disaster Relief and Emergency Assistance 
Act (42 U.S.C. 5122).’’; 
(3) 
in 
section 
106(c)(4) 
(42 
U.S.C. 
5306(c)(4))— 
(A) in subparagraph (A)— 
(i) by striking ‘‘declared by the Presi-
dent under the Robert T. Stafford Disaster 
Relief and Emergency Assistance Act’’; 
and 
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(ii) by inserting ‘‘major’’ before ‘‘dis-
aster, any amounts’’; 
(B) in subparagraph (C), by inserting 
‘‘major’’ before ‘‘disaster’’; and 
(C) in subparagraph (F), by inserting 
‘‘major’’ before ‘‘disaster’’; 
(4) in section 122 (42 U.S.C. 5321)), by strik-
ing ‘‘disaster under title IV of the Robert T. Staf-
ford Disaster Relief and Emergency Assistance Act’’ 
and inserting ‘‘major disaster’’; and 
(5) by adding at the end the following new sec-
tions: 
‘‘SEC. 123. CDBG-DISASTER RECOVERY ASSISTANCE. 
‘‘(a) AUTHORITY; USE.— 
‘‘(1) IN GENERAL.—The Secretary may provide 
assistance under this section to States, including 
Puerto Rico, units of general local government, and 
Indian tribes for necessary expenses for activities 
authorized under this title related to disaster relief, 
resiliency, long-term recovery, restoration of infra-
structure and housing, mitigation, and economic re-
vitalization in the most impacted and distressed 
areas (as such term shall be defined by the Sec-
retary by regulation) resulting from a major disaster 
declared pursuant to the Robert T. Stafford Dis-
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aster Relief and Emergency Assistance Act (42 
U.S.C. 5121 et seq.). 
‘‘(2) AUTHORIZATION
OF
APPROPRIATIONS.— 
For purposes of assistance under this section, there 
are authorized to be appropriated and made avail-
able in the Community Development Block Grant 
Declared Disaster Recovery Fund established under 
section 124, such sums as are necessary to respond 
to current or future disasters, which shall remain 
available until expended. 
‘‘(b) ALLOCATION; COORDINATION.— 
‘‘(1) ALLOCATION
AMOUNTS.—The Secretary 
shall annually establish and publish on its website 
an unmet needs threshold for most impacted and 
distressed areas resulting from a major disaster that 
shall result in a grant under this section. In deter-
mining the amount allocated under this section for 
any grantee, the Secretary shall make allocations 
based on the best available data on unmet recover 
needs and include an additional amount, as deter-
mined by the Secretary, for mitigation, based on the 
best available research, the type of disaster, and 
such amounts awarded for mitigation for similar 
types of disasters in prior years. Such data may in-
clude information from the Federal Emergency Man-
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agement Agency, the Small business Administration, 
and any other relevant Federal, State, or local agen-
cy, and data from the Bureau of the Census to as-
sess the unmet needs of both homeowners and rent-
ers. 
‘‘(2) DEADLINES FOR ALLOCATION.—Except as 
provided in paragraph (3), for any major disaster 
meeting the most impacted and distressed unmet 
need threshold requirements in paragraph (1), the 
Secretary shall allocate funds available to a grantee 
for assistance under this section within 60 days of 
the date of a major disaster declaration or 60 days 
from when sufficient funds become available to make 
the allocation. 
‘‘(3) INAPPLICABILITY
OF
DEADLINES
BASED 
ON
INSUFFICIENT
INFORMATION.—The deadlines 
under paragraph (2) for allocation of funds shall not 
apply in the case of funds made available for assist-
ance under this section if Federal Emergency Man-
agement Agency has not made sufficient information 
available to the Secretary regarding relevant unmet 
recovery needs to make allocations in accordance 
with such deadlines. The Secretary shall notify the 
Congress of progress on or delay in receiving the 
necessary information within 60 days following dec-
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laration of such a major disaster and monthly there-
after until all necessary information is received. 
‘‘(4) OBLIGATION OF AMOUNTS BY THE SEC-
RETARY.—Subject to subsection (c)(1), the Sec-
retary shall provide for the disbursement of the 
amounts allocated for a grantee, but shall require 
the grantee to be in substantial compliance with the 
requirements of this section before each such dis-
bursement. 
‘‘(5) COORDINATION
OF
DISASTER
BENEFITS 
AND DATA WITH OTHER FEDERAL AGENCIES.— 
‘‘(A) COORDINATION OF DATA.—The Sec-
retary shall coordinate with other agencies to 
obtain data on recovery needs, including the 
Administrator of the Federal Emergency Man-
agement Agency and the Administrator of the 
Small Business Administration, and other agen-
cies when necessary regarding disaster benefits. 
‘‘(B) COORDINATION
WITH
FEMA.—The 
Secretary shall share with the Administrator of 
the Federal Emergency Management Agency, 
and 
make 
publicly 
available 
(with 
such 
redactions necessary to protect personally iden-
tifiable information), all data collected, pos-
sessed, or analyzed during the course of a dis-
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aster recovery for which assistance is provided 
under this section. Notwithstanding section 
552a of title 5, U.S.C., or any other law, the 
Secretary may make data transfers pertaining 
to grants under this section with the FEMA 
Administrator, grantees, and academic and re-
search 
institutions 
described 
in 
section 
123(l)(3), which transfers may disclose infor-
mation about an individual without the individ-
ual’s written consent, including the use and re-
tention of this data for computer matching pro-
grams to assess disaster recovery needs and to 
prevent the duplication of benefits and other 
waste, fraud, and abuse; provided, that the Sec-
retary shall enter a data sharing agreement be-
fore sharing or receiving any information under 
transfers authorized by this section. The data 
sharing agreements must, in the determination 
of the Secretary, include measures adequate to 
safeguard the privacy and personally identifying 
information of individuals. The data the Sec-
retary shares with the Administrator shall in-
clude— 
‘‘(i) all data on damage caused by the 
disaster; 
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‘‘(ii) information on how any Federal 
assistance provided in connection with the 
disaster is expended; and 
‘‘(iii) information regarding the effect 
of the disaster on education, transportation 
capabilities 
and 
dependence, 
housing 
needs, health care capacity, and displace-
ment of persons. 
‘‘(C) REQUIREMENTS
REGARDING
ELIGI-
BILITY FOR DIRECT ASSISTANCE AND DUPLICA-
TION OF BENEFITS.— 
‘‘(i) 
COMPLIANCE.—Funds 
made 
available under this subsection shall be 
used in accordance with section 312 of the 
Robert T. Stafford Disaster Relief and 
Emergency Assistance Act (42 U.S.C. 
5155), as amended by section 1210 of the 
Disaster Recovery Reform Act of 2018 (di-
vision D, Public Law 115–254), and such 
rules as may be prescribed under such sec-
tion. 
‘‘(ii) PRIORITY.—Households having 
the lowest incomes shall be prioritized for 
direct assistance under this subsection 
until all unmet needs are satisfied for fam-
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