197 
other accounts of UNFPA and does not commingle 
such funds with other sums; and 
‘‘(2) UNFPA does not fund abortions. 
‘‘(d) REPORT TO CONGRESS AND DOLLAR-FOR-DOL-
LAR WITHHOLDING OF FUNDS.— 
‘‘(1) IN GENERAL.—Not later than 4 months 
after the start of each fiscal year, the Secretary of 
State shall submit to the appropriate congressional 
committees a report indicating the amount of funds 
that UNFPA is budgeting for the year in which the 
report is submitted for a country program in the 
People’s Republic of China. 
‘‘(2) DEDUCTION OF FUNDS.—If a report under 
paragraph (1) indicates that UNFPA plans to spend 
funds for a country program in the People’s Repub-
lic of China in the year covered by the report, then 
an amount of funds equal to the amount of funds 
UNFPA plans to spend in the People’s Republic of 
China shall be deducted from the funds made avail-
able to UNFPA after March 1 for obligation for the 
remainder of the fiscal year in which the report is 
submitted. 
‘‘(e) APPROPRIATE CONGRESSIONAL COMMITTEES 
DEFINED.—In this section, the term ‘appropriate congres-
sional committees’ means— 
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‘‘(1) the Committee on Appropriations and the 
Committee on Foreign Affairs of the House of Rep-
resentatives; and 
‘‘(2) the Committee on Appropriations and the 
Committee on Foreign Relations of the Senate.’’. 
SEC. 610. PROHIBITION ON USE OF FUNDS FOR ABORTIONS 
AND INVOLUNTARY STERILIZATIONS. 
Section 104(f) of the Foreign Assistance Act of 1961 
(22 U.S.C. 2151b(f)) is amended by adding at the end 
the following: 
‘‘(4) None of the funds made available to carry 
out this Act nor any unobligated balances from prior 
appropriations Acts may be made available to any 
organization or program which supports or partici-
pates in the management of a program of coercive 
abortion or involuntary sterilization.’’. 
SEC. 611. PROHIBITION ON CERTAIN FUNDING RELATING 
TO PROVISION OF AN OPEN PLATFORM FOR 
CHINA. 
(a) FUNDING PROHIBITION.—Notwithstanding any 
other provision of law, no funding made available to the 
United States Agency for Global Media (USAGM) may 
be used to provide an open platform for representatives 
of the People’s Republic of China (PRC), members of the 
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Chinese Communist Party (CCP), or any entity owned or 
controlled by the PRC or CCP. 
(b) REPORT.—Not later than 180 days after the date 
of the enactment of this Act, the USAGM shall submit 
to the Committee on Foreign Affairs of the House of Rep-
resentatives and the Committee on Foreign Relations of 
the Senate a report describing whether or not any of its 
broadcast entities, including its grantee organizations, has 
provided at any time during the five year period imme-
diately preceding such report an open platform for rep-
resentatives of the PRC, members of the CCP, or any enti-
ty owned or controlled by the PRC or CCP. Such report 
shall be made available on a publicly available website by 
the Federal Government. 
SEC. 612. ESTABLISHMENT OF NEW MANDARIN CHINESE 
LANGUAGE 
PLATFORMS 
OF 
THE 
UNITED 
STATES AGENCY FOR GLOBAL MEDIA. 
(a) IN GENERAL.—The Chief Executive Officer of the 
United States Agency for Global Media (USAGM) shall 
establish new platforms in the Mandarin Chinese lan-
guage, including new social media accounts, an internet 
website hosting radio channels and video and audio 
podcasts, and an interactive website and mobile applica-
tion, for the following purposes: 
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(1) Exposing the corruption and human rights 
abuses of the Chinese Communist Party. 
(2) Supporting the right for the people of the 
People’s Republic of China to live in democracy. 
(3) Explaining the failures of Communism. 
(4) Explaining to a Chinese audience the con-
cepts of rule of law, constitutionalism, limited gov-
ernment, separation of powers, democracy, and 
human rights. 
(5) Highlighting the voices of Chinese civil soci-
ety, democracy activists, and opposition movements 
advocating for a free and democratic China. 
(b) STRATEGY.—In carrying out subsection (a), the 
Chief Executive Officer of USAGM shall develop a strat-
egy for— 
(1) bypassing the firewall and internet censor-
ship of the People’s Republic of China; and 
(2) supporting programs for bypassing such 
firewall and internet censorship in order to reach the 
people of China. 
SEC. 613. ANNUAL MEETINGS OF INTERPARLIAMENTARY 
GROUP BETWEEN CONGRESS AND LEGISLA-
TURE OF TAIWAN. 
(a) MEETINGS.—The Speaker of the House of Rep-
resentatives and the President pro tempore of the Senate 
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shall each appoint members to serve on an interparliamen-
tary group which will meet annually with representatives 
of the Legislative Yuan of Taiwan to discuss areas of mu-
tual interest between the United States and Taiwan, in-
cluding— 
(1) deterring military aggression by the Peo-
ple’s Republic of China and countering the malign 
influence of the Chinese Communist Party in both 
the United States and Taiwan; 
(2) strengthening security cooperation between 
the United States and Taiwan; and 
(3) enhancing bilateral trade between the 
United States and Taiwan. 
(b) APPOINTMENT OF MEMBERS.— 
(1) HOUSE.—The Speaker of the House of 
Representatives shall appoint 6 Members of the 
House to serve on the group under this section, 
based on recommendations made by the Majority 
Leader and the Minority Leader of the House, and 
shall designate one of the Members as the co-chair 
of the group. 
(2) SENATE.—The President pro tempore of 
the Senate shall appoint 6 Senators to serve on the 
group under this section, based on recommendations 
made by the Majority Leader and the Minority 
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Leader of the Senate, and shall designate one of the 
Senators as the co-chair of the group. 
(c) SOURCE OF FUNDING.—Of the amounts obligated 
and expended to carry out this section— 
(1) 50 percent shall be derived from the appli-
cable accounts of the House of Representatives; and 
(2) 50 percent shall be derived form the contin-
gent fund of the Senate. 
(d) REPEAL
OF EXISTING INTERPARLIAMENTARY 
GROUP BETWEEN SENATE AND PEOPLE’S REPUBLIC OF 
CHINA.—Section 153 of the Miscellaneous Appropriations 
and Offsets Act, 2004 (22 U.S.C. 276n) is hereby re-
pealed. 
SEC. 614. PROHIBITION ON IMPORTATION OF GOODS MADE 
IN THE XINJIANG UYGHUR AUTONOMOUS RE-
GION. 
(a) IN GENERAL.—Except as provided in subsection 
(b), all goods, wares, articles, and merchandise mined, 
produced, or manufactured wholly or in part in the 
Xinjiang Uyghur Autonomous Region of China, or by per-
sons working with the Xinjiang Uyghur Autonomous Re-
gion government for purposes of the ‘‘poverty alleviation’’ 
program or the ‘‘pairing-assistance’’ program which sub-
sidizes the establishment of manufacturing facilities in the 
Xinjiang Uyghur Autonomous Region, shall be deemed to 
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be goods, wares, articles, and merchandise described in 
section 307 of the Tariff Act of 1930 (19 U.S.C. 1307) 
and shall not be entitled to entry at any of the ports of 
the United States. 
(b) EXCEPTION.—The prohibition described in sub-
section (a) shall not apply if the Commissioner of U.S. 
Customs and Border Protection— 
(1) determines, by clear and convincing evi-
dence, that any specific goods, wares, articles, or 
merchandise described in subsection (a) were not 
produced wholly or in part by convict labor, forced 
labor, or indentured labor under penal sanctions; 
and 
(2) submits to the appropriate congressional 
committees and makes available to the public a re-
port that contains such determination. 
(c) EFFECTIVE DATE.—This section shall take effect 
on the date that is 120 days after the date of the enact-
ment of this Act. 
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TITLE VII—MATTERS RELATED 
TO DEFENSE 
SEC. 701. MODIFICATION TO USE OF EMERGENCY SANC-
TIONS 
AUTHORITIES 
REGARDING 
COM-
MUNIST CHINESE MILITARY COMPANIES. 
(a) IN GENERAL.—Section 1237(a)(1) of the Strom 
Thurmond National Defense Authorization Act for Fiscal 
Year 1999 (50 U.S.C. 1701 note) is amended— 
(1) by striking ‘‘may exercise’’ and inserting 
‘‘shall exercise’’; 
(2) by striking clause (ii); 
(3) in the matter preceding clause (i), by strik-
ing ‘‘that—’’ and inserting ‘‘that is engaged in pro-
viding commercial services, manufacturing, pro-
ducing, or exporting and—’’; 
(4) in clause (i), by striking ‘‘; and’’ and insert-
ing ‘‘; or’’; and 
(5) by adding at the end the following new 
clause: 
‘‘(ii)(I) is owned or controlled by, or 
affiliated with, the Chinese Communist 
Party or any person who has ever been a 
delegate of a National People’s Congress of 
the Chinese Communist Party; and 
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‘‘(II) is engaged in significant invest-
ment in the sectors of fifth-generation 
wireless communications, artificial intel-
ligence, advanced computing, ‘big data’ 
analytics, autonomy, robotics, directed en-
ergy, hypersonics, or biotechnology.’’. 
(b) EXTENSION OF LIST REQUIREMENT.—Notwith-
standing section 1061(i)(6) of the National Defense Au-
thorization Act for Fiscal Year 2017 (10 U.S.C. 111 
note), the submission required by subsection (b) of section 
1237 of the Strom Thurmond National Defense Author-
ization Act for Fiscal Year 1999— 
(1) shall not terminate on December 31, 2021; 
and 
(2) shall continue in effect until December 31, 
2026. 
SEC. 702. PROHIBITION ON USE OF FUNDS TO PURCHASE 
GOODS OR SERVICES FROM COMMUNIST CHI-
NESE MILITARY COMPANIES. 
(a) IN GENERAL.—None of the funds authorized to 
be appropriated or otherwise made available for fiscal year 
2020 and available for obligation as of the date of the 
enactment of this Act, or authorized to be appropriated 
or otherwise made available for fiscal year 2021 or any 
fiscal year thereafter, may be obligated or expended to 
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purchase goods or services from a person on the list re-
quired by section 1237(b) of the Strom Thurmond Na-
tional Defense Authorization Act for Fiscal Year 1999 
(Public Law 105–261; 50 U.S.C. 1701 note). 
(b) APPLICATION TO PRIVATE ENTITIES AND STATE 
AND LOCAL GOVERNMENTS.— 
(1) IN GENERAL.—The prohibition under sub-
section (a) includes a prohibition on the obligation 
or expenditure of funds described in that subsection 
for the purchase of goods or services from persons 
described in that subsection by a private entity or a 
State or local government that received such funds 
through a grant or any other means. 
(2) CERTIFICATION REQUIRED TO RECEIVE FU-
TURE FUNDS.— 
(A) IN GENERAL.—On and after the date 
of the enactment of this Act, the head of an ex-
ecutive agency shall ensure that funds described 
in subsection (a) are not provided to a private 
entity or a State or local government unless the 
entity or government certifies that the entity or 
government, as the case may be, is not pur-
chasing goods or services from a person de-
scribed in subsection (a). 
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(B) REVIEW.—The head of an executive 
agency shall conduct a review of the use of 
funds described in subsection (a) that are pro-
vided to a private entity or a State or local gov-
ernment to ensure compliance with the require-
ments of subparagraph (A). 
(c) EXECUTIVE AGENCY DEFINED.—In this section, 
the term ‘‘executive agency’’ has the meaning given that 
term in section 133 of title 41, United States Code. 
SEC. 703. ENACTMENT OF EXECUTIVE ORDER 13959. 
(a) IN GENERAL.—The provisions of Executive Order 
13959 (85 Fed. Reg. 73185; relating to addressing the 
threat from securities investments that finance Com-
munist Chinese military companies (November 12, 2020)), 
as in effect on January 14, 2021, are enacted into law. 
(b) PUBLICATION.—In publishing this Act in slip 
form and in the United States Statutes at Large pursuant 
to section 112 of title 1, United States Code, the Archivist 
of the United States shall include after the date of ap-
proval at the end an appendix setting forth the text of 
the Executive order referred to in subsection (a), as in 
effect on January 14, 2021. 
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SEC. 704. INCLUSION OF CERTAIN CHINESE ENTITIES ON 
THE ANNEX TO EXECUTIVE ORDER 13959. 
(a) IN GENERAL.—Notwithstanding any other provi-
sion of a law, an entity described in subsection (b) shall 
be deemed to be included on the Annex to Executive Order 
13959, as in effect on January 14, 2021, and enacted into 
law by section 1(a) for purposes of carrying out the provi-
sions of such Executive order. 
(b) ENTITY DESCRIBED.—An entity described in this 
subsection is an entity that— 
(1) is organized under the laws of the People’s 
Republic of China or otherwise subject to the juris-
diction of the Government of the People’s Republic 
of China; and 
(2) is included on the list maintained and set 
forth in Supplement No. 4 to part 744 of the Export 
Administration Regulations. 
(c) EXPORT ADMINISTRATION REGULATIONS DE-
FINED.—In this section, the term ‘‘Export Administration 
Regulations’’ means the regulations set forth in sub-
chapter C of chapter VII of title 15, Code of Federal Reg-
ulations, or successor regulations. 
SEC. 705. ARMS EXPORTS TO INDIA. 
(a) ELIGIBILITY FOR ARMS EXPORTS.—Section 3 of 
the Arms Export Control Act (22 U.S.C. 2753) is amend-
ed— 
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(1) in subsection (b)(2), by striking ‘‘or the 
Government of New Zealand’’ and inserting ‘‘the 
Government of New Zealand, or the Government of 
India’’; and 
(2) in subsection (d), by striking ‘‘or New Zea-
land’’ each place it appears and inserting ‘‘New Zea-
land, or India’’. 
(b) SALES FROM STOCKS.—Section 21 of the Arms 
Export Control Act (22 U.S.C. 2761) is amended— 
(1) in subsection (e)(2)(A), by striking ‘‘or New 
Zealand’’ and inserting ‘‘New Zealand, or India’’; 
and 
(2) in subsection (h), by striking ‘‘or Israel’’ 
each place it appears and inserting ‘‘Israel, or 
India’’. 
(c) REPORTS ON COMMERCIAL AND GOVERNMENTAL 
MILITARY EXPORTS; CONGRESSIONAL ACTION.—Section 
36 of the Arms Export Control Act (22 U.S.C. 2776) is 
amended by striking ‘‘or New Zealand’’ each place it ap-
pears and inserting ‘‘New Zealand, or India’’. 
(d) REPORTS TO THE CONGRESS.—Section 62(c)(1) 
of the Arms Export Control Act (22 U.S.C. 2796a) is 
amended by striking ‘‘or New Zealand’’ and inserting 
‘‘New Zealand, or India’’. 
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(e) LEGISLATIVE REVIEW.—Section 63(a)(2) of the 
Arms Export Control Act (22 U.S.C. 2796b) is amended 
by striking ‘‘or New Zealand’’ and inserting ‘‘New Zea-
land, or India’’. 
TITLE VIII—MATTERS RELATED 
TO THE PROTECTION OF IN-
TELLECTUAL PROPERTY 
SEC. 801. IMPOSITION OF SANCTIONS RELATED TO THE 
THEFT OF INTELLECTUAL PROPERTY. 
(a) IN GENERAL.—The President shall impose the 
sanctions described in subsection (b) with respect to each 
person described in subsection (c) the President deter-
mines, on or after the date of enactment of this Act, oper-
ates in a sector of China’s economy wherein persons have 
engaged in a pattern of significant theft of the intellectual 
property of a United States person, or received the intel-
lectual property of a United States person obtained 
through a pattern of significant theft. 
(b) SANCTIONS IMPOSED.—The sanctions described 
in this subsection are the following: 
(1) ASSET BLOCKING.—The exercise of all pow-
ers granted to the President by the International 
Emergency Economic Powers Act (50 U.S.C. 1701 
et seq.) to the extent necessary to block and prohibit 
all transactions in all property and interests in prop-
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erty of a person described in subsection (a) if such 
property and interests in property are in the United 
States, come within the United States, or are or 
come within the possession or control of a United 
States person. 
(2) ALIENS INELIGIBLE FOR VISAS, ADMISSION, 
OR PAROLE.— 
(A) VISAS, ADMISSION, OR PAROLE.—An 
alien described in subsection (a) is— 
(i) inadmissible to the United States; 
(ii) ineligible to receive a visa or other 
documentation to enter the United States; 
and 
(iii) otherwise ineligible to be admitted 
or paroled into the United States or to re-
ceive any other benefit under the Immigra-
tion and Nationality Act (8 U.S.C. 1101 et 
seq.). 
(B) CURRENT VISAS REVOKED.— 
(i) IN
GENERAL.—The issuing con-
sular officer, the Secretary of State, or the 
Secretary of Homeland Security (or a des-
ignee of one of such Secretaries) shall, in 
accordance with section 221(i) of the Im-
migration and Nationality Act (8 U.S.C. 
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1201(i)), revoke any visa or other entry 
documentation issued to an alien who the 
Secretary of State or the Secretary of 
Homeland Security (or a designee of one of 
such Secretaries) determines is described 
in subsection (a), regardless of when the 
visa or other documentation is issued. 
(ii) EFFECT OF REVOCATION.—A rev-
ocation under clause (i) shall take effect 
immediately and shall automatically cancel 
any other valid visa or entry documenta-
tion that is in the alien’s possession. 
(3) EXCEPTION TO COMPLY WITH UNITED NA-
TIONS HEADQUARTERS AGREEMENT.—The authority 
to impose the sanctions described in paragraph 
(2)(B) shall not apply to an alien if admitting the 
alien into the United States is necessary to permit 
the United States to comply with the Agreement re-
garding the Headquarters of the United Nations, 
signed at Lake Success June 26, 1947, and entered 
into force November 21, 1947, between the United 
Nations and the United States, or other applicable 
international obligations. 
(c) PERSONS DESCRIBED.—A person described in 
this section is one of the following: 
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(1) An individual who— 
(A) is a national of the People’s Republic 
of China or acting at the direction of a national 
or entity of the People’s Republic of China; and 
(B) is not a United States person. 
(2) An entity that is— 
(A) organized under the laws of the Peo-
ple’s Republic of China or of any jurisdiction 
within the People’s Republic of China; 
(B) owned or controlled by individuals who 
are nationals of the People’s Republic of China; 
or 
(C) owned or controlled by an entity de-
scribed in subparagraph (A) and is not a 
United States person. 
(d) PENALTIES; IMPLEMENTATION.— 
(1) PENALTIES.—A 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 subsection (a) 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 that section. 
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(2) IMPLEMENTATION.—The President may ex-
ercise all authorities provided to the President under 
sections 203 and 205 of the International Emer-
gency Economic Powers Act (50 U.S.C. 1702 and 
1704) for purposes of carrying out this section. 
(e) REPORT REQUIRED.— 
(1) IN
GENERAL.—Not later than 180 days 
after the date of the enactment of this Act, the 
President shall submit to the Committee on Foreign 
Affairs of the House of Representatives and the 
Committee on Foreign Relations of the Senate a re-
port that specifies each person the President deter-
mines meets the criteria described in subsection (a) 
for the imposition of sanctions. 
(2) TERMINATION OF SANCTIONS.—The Presi-
dent may terminate sanctions imposed under sub-
section (a) with respect to a person if the President 
certifies to the Committee on Foreign Affairs of the 
House of Representatives and the Committee on 
Foreign Relations of the Senate that such person is 
no longer engaging in efforts to steal United States 
intellectual property. 
(f) WAIVER.—The President may waive the imposi-
tion of sanctions under subsection (a) on a case-by-case 
basis with respect to a person if the President— 
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(1) certifies to the Committee on Foreign Af-
fairs and the Committee on the Judiciary of the 
House of Representatives and the Committee on 
Foreign Relations and the Committee on the Judici-
ary of the Senate that such waiver is in the national 
security interests of the United States; and 
(2) includes a justification for such certifi-
cation. 
(g) 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) 
UNITED
STATES
PERSON.—The 
term 
‘‘United States person’’ means— 
(A) an individual who is a United States 
citizen or an alien lawfully admitted for perma-
nent 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. 
SEC. 802. PROHIBITION ON USE OF FUNDS. 
None of the funds authorized to be appropriated or 
otherwise made available to the United States Trade Rep-
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resentative may be used to support, allow, or facilitate the 
negotiation or approval of— 
(1) the ‘‘Waiver from Certain Provisions of the 
TRIPS Agreement for the Prevention, Containment, 
and Treatment of COVID–19’’ put forth by India 
and South Africa; or 
(2) any other measure at the World Trade Or-
ganization to waive intellectual property rights. 
SEC. 803. PROHIBITION ON INDIVIDUALS WITH SECURITY 
CLEARANCES FROM BEING EMPLOYED BY 
CERTAIN ENTITIES. 
(a) PROHIBITION.—Section 3002 of the Intelligence 
Reform and Terrorism Prevention Act of 2004 (50 U.S.C. 
3343) is amended by adding at the end the following new 
subsection: 
‘‘(e) PROHIBITION ON CERTAIN EMPLOYMENT.— 
‘‘(1) PROHIBITION.—A covered person may not 
be employed by, contract with, or otherwise receive 
funding from, any covered entity during the fol-
lowing periods: 
‘‘(A) A period in which the person holds a 
security clearance. 
‘‘(B) The 5-year period beginning on the 
date that the security clearance of a person be-
comes inactive. 
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‘‘(2) PENALTIES.—Any person who knowingly 
violates the prohibition in paragraph (1) shall be 
fined under title 18, United States Code, or impris-
oned for not more than 5 years, or both. 
‘‘(3) NOTIFICATION.—A person who holds a se-
curity clearance shall be notified of the prohibition 
in paragraph (1), including a list of the covered enti-
ties, as follows: 
‘‘(A) At the time at which the person is 
issued the security clearance. 
‘‘(B) At the time at which the security 
clearance of the person is renewed. 
‘‘(C) At the time at which the security 
clearance of the person becomes inactive. 
‘‘(4) COVERED ENTITY.— 
‘‘(A) DEFINITION.—Subject to subpara-
graph (B), in this subsection, the term ‘covered 
entity’ means any of the following entities (in-
cluding any subsidiary or affiliate of such enti-
ties): 
‘‘(i) Huawei Technologies Company. 
‘‘(ii) ZTE Corporation. 
‘‘(iii) Hytera Communications Cor-
poration. 
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‘‘(iv) Hangzhou Hikvision Digital 
Technology Company. 
‘‘(v) Dahua Technology Company. 
‘‘(vi) Kaspersky Lab. 
‘‘(B) MODIFICATIONS.—The Director of 
National Intelligence, in consultation with the 
Secretary of Defense or the Director of the 
Federal Bureau of Investigation, may add or 
remove entities to the list of covered entities in 
subparagraph (A) based on whether the Direc-
tor determines there is reasonable belief that 
the entity is owned or controlled by, or other-
wise connected to or receiving financial support 
from, the government of the People’s Republic 
of China, the government of the Russian Fed-
eration, the government of the Islamic Republic 
of Iran, or the government of the Democratic 
People’s Republic of Korea.’’. 
(b) APPLICATION.— 
(1) IN
GENERAL.—Subsection (e) of section 
3002 of the Intelligence Reform and Terrorism Pre-
vention Act of 2004 (50 U.S.C. 3343) shall apply 
with respect to an individual who is employed by, 
contracts with, or otherwise receives funding from, 
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any covered entity under such subsection on or after 
the date of the enactment of this Act. 
(2) NOTIFICATION.—Not later than 30 days 
after the date of the enactment of this Act, each 
person who holds a security clearance as of such 
date shall be notified of the prohibition in such sub-
section (e), including a list of the covered entities 
under such subsection. 
SEC. 804. RESTRICTION ON ISSUANCE OF VISAS. 
(a) RESTRICTION.—The Secretary of State may not 
issue a visa to, and the Secretary of Homeland Security 
shall deny entry to the United States of, each of the fol-
lowing: 
(1) Senior officials in the Chinese Communist 
Party, including the Politburo, the Central Com-
mittee, and each delegate to the 19th National Con-
gress of the Chinese Communist Party. 
(2) The spouses and children of the senior offi-
cials described in paragraph (1). 
(3) Members of the cabinet of the Government 
of the People’s Republic of China. 
(4) Active duty members of the People’s Libera-
tion Army of China. 
(b) APPLICABILITY.—The restriction under sub-
section (a) shall not apply for any year in which the Direc-
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tor of National Intelligence certifies to the Committees on 
the Judiciary of the House of Representatives and the 
Senate that the Government of the People’s Republic of 
China has ceased sponsoring, funding, facilitating, and ac-
tively working to support efforts to infringe on the intellec-
tual property rights of citizens and companies of the 
United States. 
SEC. 805. INTER PARTES REVIEW. 
(a) CLAIM CONSTRUCTION.—Section 316(a) of title 
35, United States Code, is amended— 
(1) in paragraph (9), by inserting after ‘‘sub-
stitute claims,’’ the following: ‘‘including the stand-
ard for how substitute claims should be construed,’’; 
(2) in paragraph (12), by striking ‘‘; and’’ and 
inserting a semicolon; 
(3) in paragraph (13), by striking the period at 
the end and inserting ‘‘; and’’; and 
(4) by adding at the end the following new 
paragraph: 
‘‘(14) providing that for all purposes under this 
chapter— 
‘‘(A) each challenged claim of a patent, or 
claim proposed in a motion to amend, shall be 
construed as the claim would be construed 
under section 282(b) in an action to invalidate 
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a patent, including by construing each such 
claim in accordance with— 
‘‘(i) the ordinary and customary 
meaning of the claim as understood by a 
person having ordinary skill in the art to 
which the claimed invention pertains; and 
‘‘(ii) the prosecution history per-
taining to the patent; and 
‘‘(B) if a court has previously construed a 
challenged claim of a patent or a challenged 
claim term in a civil action to which the patent 
owner was a party, the Office shall consider 
that claim construction.’’. 
(b) BURDEN OF PROOF.—Section 316(e) of title 35, 
United States Code, is amended to read as follows: 
‘‘(e) EVIDENTIARY STANDARDS.— 
‘‘(1) PRESUMPTION
OF
VALIDITY.—The pre-
sumption of validity under section 282(a) shall apply 
to a previously issued claim that is challenged dur-
ing an inter partes review under this chapter. 
‘‘(2) BURDEN OF PROOF.—In an inter partes 
review instituted under this chapter, the petitioner 
shall have the burden of proving a proposition of 
unpatentability of a previously issued claim by clear 
and convincing evidence.’’. 
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(c) STANDING.—Section 311 of title 35, United 
States Code, is amended by adding at the end the fol-
lowing new subsection: 
‘‘(d) PERSONS THAT MAY PETITION.— 
‘‘(1) DEFINITION.—In this subsection, the term 
‘charged with infringement’ means a real and sub-
stantial controversy regarding infringement of a pat-
ent exists such that the petitioner would have stand-
ing to bring a declaratory judgment action in Fed-
eral court. 
‘‘(2) NECESSARY CONDITIONS.—A person may 
not file with the Office a petition to institute an 
inter partes review of a patent unless the person, or 
a real party in interest or privy of the person, has 
been— 
‘‘(A) sued for infringement of the patent; 
or 
‘‘(B) charged with infringement under the 
patent.’’. 
(d) LIMITATION ON REVIEWS.—Section 314(a) of 
title 35, United States Code, is amended to read as fol-
lows: 
‘‘(a) THRESHOLD.— 
‘‘(1) LIKELIHOOD OF PREVAILING.—Subject to 
paragraph (2), the Director may not authorize an 
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inter partes review to be instituted unless the Direc-
tor determines that the information presented in the 
petition filed under section 311 and any response 
filed under section 313 show that there is a reason-
able likelihood that the petitioner would prevail with 
respect to at least one of the claims challenged in 
the petition. 
‘‘(2) PREVIOUS
INSTITUTION.—The Director 
may not authorize an inter partes review to be insti-
tuted on a claim challenged in a petition if the Di-
rector has previously instituted an inter partes re-
view or post-grant review with respect to that 
claim.’’. 
(e) REVIEWABILITY OF INSTITUTION DECISIONS.— 
Section 314 of title 35, United States Code, is amended 
by striking subsection (d) and inserting the following: 
‘‘(d) NO APPEAL.— 
‘‘(1) NONAPPEALABLE DETERMINATIONS.— 
‘‘(A) 
THRESHOLD
DETERMINATION.—A 
determination by the Director on the reasonable 
likelihood that the petitioner will prevail under 
subsection (a)(1) shall be final and nonappeal-
able. 
‘‘(B) DENIALS OF INSTITUTION.—A deter-
mination by the Director not to institute an 
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inter partes review under this section shall be 
final and nonappealable. 
‘‘(2) APPEALABLE DETERMINATIONS.—Any as-
pect of a determination by the Director to institute 
an inter partes review under this section, other than 
a determination described in paragraph (1)(A), may 
be reviewed during an appeal of a final written deci-
sion issued under section 318(a).’’. 
(f) ELIMINATING REPETITIVE PROCEEDINGS.—Sec-
tion 315(e) of title 35, United States Code, is amended 
to read as follows: 
‘‘(e) ESTOPPEL.— 
‘‘(1) PROCEEDINGS BEFORE THE OFFICE.—A 
person petitioning for an inter partes review of a 
claim in a patent under this chapter, or the real 
party in interest or privy of the petitioner, may not 
petition for a subsequent inter partes review before 
the Office with respect to that patent on any ground 
that the petitioner raised or reasonably could have 
raised in the initial petition, unless, after the filing 
of the initial petition, the petitioner, or the real 
party in interest or privy of the petitioner, is 
charged with infringement of additional claims of 
the patent. 
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‘‘(2) 
CIVIL
ACTIONS
AND
OTHER
PRO-
CEEDINGS.—A person petitioning for an inter partes 
review of a claim in a patent under this chapter that 
results in an institution decision under section 314, 
or the real party in interest or privy of the peti-
tioner, may not assert either in a civil action arising 
in whole or in part under section 1338 of title 28 
or in a proceeding before the International Trade 
Commission under section 337 of the Tariff Act of 
1930 (19 U.S.C. 1337) that the claim is invalid 
based on section 102 or 103 of this title, unless the 
invalidity argument is based on allegations that the 
claimed invention was in public use, on sale, or oth-
erwise available to the public before the effective fil-
ing date of the claimed invention.’’. 
(g) REAL PARTY IN INTEREST.— 
(1) CLARIFICATION
OF
DEFINITION.—Section 
315 of title 35, United States Code, is amended by 
adding at the end the following new subsection: 
‘‘(f) PETITIONER.—For purposes of this chapter, a 
person that directly or through an affiliate, subsidiary, or 
proxy makes a financial contribution to the preparation 
for, or conduct during, an inter partes review on behalf 
of the petitioner shall be considered a real party in interest 
of the petitioner.’’. 
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(2) DISCOVERY
OF
REAL
PARTY
IN
INTER-
EST.—Section 316(a)(5) of title 35, United States 
Code, is amended to read as follows: 
‘‘(5) setting forth standards and procedures for 
discovery of relevant evidence, including that such 
discovery shall be limited to— 
‘‘(A) the deposition of witnesses submitting 
affidavits or declarations; 
‘‘(B) evidence identifying the petitioner’s 
real parties in interest; and 
‘‘(C) what is otherwise necessary in the in-
terest of justice;’’. 
(h) PRIORITY OF FEDERAL COURT VALIDITY DE-
TERMINATIONS.— 
(1) IN
GENERAL.—Section 315 of title 35, 
United States Code, as amended by subsections (f) 
and (g), is further amended— 
(A) 
by 
redesignating 
subsections 
(c) 
through (f) as subsections (d) through (g), re-
spectively; and 
(B) by inserting after subsection (b) the 
following new subsection: 
‘‘(c) FEDERAL
COURT
VALIDITY
DETERMINA-
TIONS.— 
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‘‘(1) INSTITUTION
BARRED.—An inter partes 
review of a patent claim may not be instituted if, in 
a civil action arising in whole or in part under sec-
tion 1338 of title 28 or in a proceeding before the 
International Trade Commission under section 337 
of the Tariff Act of 1930 (19 U.S.C. 1337), a court 
has entered a final judgment— 
‘‘(A) that decides the validity of the patent 
claim with respect to section 102 or 103; and 
‘‘(B) from which an appeal under section 
1295 of title 28 may be taken, or from which 
an appeal under section 1295 of title 28 was 
previously available but is no longer available. 
‘‘(2) STAY OF PROCEEDINGS.— 
‘‘(A) IN GENERAL.—If, in a civil action 
arising in whole or in part under section 1338 
of title 28 or in a proceeding before the Inter-
national Trade Commission under section 337 
of the Tariff Act of 1930 (19 U.S.C. 1337), a 
court has entered a final judgment that decides 
the validity of a patent claim with respect to 
section 102 or 103 and from which an appeal 
under section 1295 of title 28 may be taken, 
the Patent Trial and Appeal Board shall stay 
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any ongoing inter partes review of that patent 
claim pending a final decision. 
‘‘(B) TERMINATION.—If the validity of a 
patent claim described in subparagraph (A) is 
finally upheld by a court or the International 
Trade Commission, as applicable, the Patent 
Trial and Appeal Board shall terminate the 
inter partes review.’’. 
(2) TECHNICAL
AND
CONFORMING
AMEND-
MENTS.—Chapter 31 of title 35, United States 
Code, is amended— 
(A) in section 315(b), by striking ‘‘sub-
section (c)’’ and inserting ‘‘subsection (d)’’; 
(B) in section 316(a)— 
(i) in paragraph (11), by striking 
‘‘section 315(c)’’ and inserting ‘‘section 
315(d)’’; and 
(ii) in paragraph (12), by striking 
‘‘section 315(c)’’ and inserting ‘‘section 
315(d)’’; and 
(C) in section 317(a), by striking ‘‘section 
315(e)’’ and inserting ‘‘section 315(f)’’. 
SEC. 806. POST-GRANT REVIEW. 
(a) CLAIM CONSTRUCTION.—Section 326(a) of title 
35, United States Code, is amended— 
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(1) in paragraph (9), by inserting after ‘‘sub-
stitute claims,’’ the following: ‘‘including the stand-
ard for how substitute claims should be construed,’’; 
(2) in paragraph (11), by striking ‘‘; and’’ and 
inserting a semicolon; 
(3) in paragraph (12), by striking the period at 
the end and inserting ‘‘; and’’; and 
(4) by adding at the end the following new 
paragraph: 
‘‘(13) providing that for all purposes under this 
chapter— 
‘‘(A) each challenged claim of a patent 
shall be construed as the claim would be con-
strued under section 282(b) in an action to in-
validate a patent, including by construing each 
challenged claim of the patent in accordance 
with— 
‘‘(i) the ordinary and customary 
meaning of the claim as understood by a 
person having ordinary skill in the art to 
which the claimed invention pertains; and 
‘‘(ii) the prosecution history per-
taining to the patent; and 
‘‘(B) if a court has previously construed a 
challenged claim of a patent or a challenged 
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claim term in a civil action to which the patent 
owner was a party, the Office shall consider 
that claim construction.’’. 
(b) BURDEN OF PROOF.—Section 326(e) of title 35, 
United States Code, is amended to read as follows: 
‘‘(e) EVIDENTIARY STANDARDS.— 
‘‘(1) PRESUMPTION
OF
VALIDITY.—The pre-
sumption of validity under section 282(a) shall apply 
to a previously issued claim that is challenged dur-
ing a proceeding under this chapter. 
‘‘(2) BURDEN OF PROOF.—In a post-grant re-
view instituted under this chapter, the petitioner 
shall have the burden of proving a proposition of 
unpatentability of a previously issued claim by clear 
and convincing evidence.’’. 
(c) STANDING.—Section 321 of title 35, United 
States Code, is amended by adding at the end the fol-
lowing new subsection: 
‘‘(d) PERSONS THAT MAY PETITION.— 
‘‘(1) DEFINITION.—In this subsection, the term 
‘charged with infringement’ means a real and sub-
stantial controversy regarding infringement of a pat-
ent exists such that the petitioner would have stand-
ing to bring a declaratory judgment action in Fed-
eral court. 
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‘‘(2) NECESSARY CONDITIONS.—A person may 
not file with the Office a petition to institute a post- 
grant review of a patent unless the person, or a real 
party in interest or privy of the person, dem-
onstrates— 
‘‘(A) a reasonable possibility of being— 
‘‘(i) sued for infringement of the pat-
ent; or 
‘‘(ii) charged with infringement under 
the patent; or 
‘‘(B) a competitive harm related to the va-
lidity of the patent.’’. 
(d) LIMITATION ON REVIEWS.—Section 324(a) of 
title 35, United States Code, is amended to read as fol-
lows: 
‘‘(a) THRESHOLD.— 
‘‘(1) LIKELIHOOD OF PREVAILING.—Subject to 
paragraph (2), the Director may not authorize a 
post-grant review to be instituted unless the Director 
determines that the information presented in the pe-
tition filed under section 321, if such information is 
not rebutted, would demonstrate that it is more like-
ly than not that at least one of the claims challenged 
in the petition is unpatentable. 
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232 
‘‘(2) PREVIOUS
INSTITUTION.—The Director 
may not authorize a post-grant review to be insti-
tuted on a claim challenged in a petition if the Di-
rector has previously instituted an inter partes re-
view or post-grant review with respect to that 
claim.’’. 
(e) REVIEWABILITY OF INSTITUTION DECISIONS.— 
Section 324 of title 35, United States Code, is amended 
by striking subsection (e) and inserting the following: 
‘‘(e) NO APPEAL.— 
‘‘(1) NON-APPEALABLE DETERMINATIONS.— 
‘‘(A) 
THRESHOLD
DETERMINATION.—A 
determination by the Director on the likelihood 
that the petitioner will prevail under subsection 
(a)(1) shall be final and nonappealable. 
‘‘(B) EXERCISE OF DISCRETION.—A deter-
mination by the Director not to institute a post- 
grant review under this section shall be final 
and nonappealable. 
‘‘(2) APPEALABLE DETERMINATIONS.—Any as-
pect of a determination by the Director to institute 
a post-grant review under this section, other than a 
determination described in paragraph (1)(A), may be 
reviewed during an appeal of a final written decision 
issued under section 328(a).’’. 
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233 
(f) ELIMINATING REPETITIVE PROCEEDINGS.—Sec-
tion 325(e)(1) of title 35, United States Code, is amended 
to read as follows: 
‘‘(1) PROCEEDINGS BEFORE THE OFFICE.—A 
person petitioning for a post-grant review of a claim 
in a patent under this chapter, or the real party in 
interest or privy of the petitioner, may not petition 
for a subsequent post-grant review before the Office 
with respect to that patent on any ground that the 
petitioner raised or reasonably could have raised in 
the initial petition, unless, after the filing of the ini-
tial petition, the petitioner, or the real party in in-
terest or privy of the petitioner, is charged with in-
fringement of additional claims of the patent.’’. 
(g) REAL PARTY IN INTEREST.— 
(1) CLARIFICATION
OF
DEFINITION.—Section 
325 of title 35, United States Code, is amended by 
adding at the end the following new subsection: 
‘‘(g) REAL PARTY IN INTEREST.—For purposes of 
this chapter, a person that directly or through an affiliate, 
subsidiary, or proxy, makes a financial contribution to the 
preparation for, or conduct during, a post-grant review on 
behalf of the petitioner shall be considered a real party 
in interest of the petitioner.’’. 
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234 
(2) DISCOVERY
OF
REAL
PARTY
IN
INTER-
EST.—Section 326(a)(5) of title 35, United States 
Code, is amended to read as follows: 
‘‘(5) setting forth standards and procedures for 
discovery of relevant evidence, including that such 
discovery shall be limited to— 
‘‘(A) the deposition of witnesses submitting 
affidavits or declarations; 
‘‘(B) evidence identifying the petitioner’s 
real parties in interest; and 
‘‘(C) what is otherwise necessary in the in-
terest of justice;’’. 
(h) PRIORITY OF FEDERAL COURT VALIDITY DE-
TERMINATIONS.— 
(1) IN
GENERAL.—Section 325 of title 35, 
United States Code, as amended by subsections (f) 
and (g), is further amended— 
(A) 
by 
redesignating 
subsections 
(c) 
through (g) as subsections (d) through (h), re-
spectively; and 
(B) by inserting after subsection (b) the 
following new subsection: 
‘‘(c) FEDERAL
COURT
VALIDITY
DETERMINA-
TIONS.— 
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‘‘(1) INSTITUTION BARRED.—A post-grant re-
view of a patent claim may not be instituted if, in 
a civil action arising in whole or in part under sec-
tion 1338 of title 28 or in a proceeding before the 
International Trade Commission under section 337 
of the Tariff Act of 1930 (19 U.S.C. 1337), a court 
has entered a final judgment— 
‘‘(A) that decides the validity of the patent 
claim with respect to section 102 or 103; and 
‘‘(B) from which an appeal under section 
1295 of title 28 may be taken, or from which 
an appeal under section 1295 of title 28 was 
previously available but is no longer available. 
‘‘(2) STAY OF PROCEEDINGS.— 
‘‘(A) IN GENERAL.—If, in a civil action 
arising in whole or in part under section 1338 
of title 28 or in a proceeding before the Inter-
national Trade Commission under section 337 
of the Tariff Act of 1930 (19 U.S.C. 1337), a 
court has entered a final judgment that decides 
the validity of a patent claim with respect to 
section 102 or 103 and from which an appeal 
under section 1295 of title 28 may be taken, 
the Patent Trial and Appeal Board shall stay 
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236 
any ongoing post-grant review of that patent 
claim pending a final decision. 
‘‘(B) TERMINATION.—If the validity of a 
patent claim described in subparagraph (A) is 
finally upheld by a court or the International 
Trade Commission, as applicable, the Patent 
Trial and Appeal Board shall terminate the 
post-grant review.’’. 
(2) TECHNICAL
AND
CONFORMING
AMEND-
MENTS.—Chapter 32 of title 35, United States 
Code, is amended— 
(A) in section 326(a)(11), by striking ‘‘sec-
tion 325(c)’’ and inserting ‘‘section 325(d)’’; 
and 
(B) in section 327(a), by striking ‘‘section 
325(e)’’ and inserting ‘‘section 325(f)’’. 
SEC. 807. COMPOSITION OF POST-GRANT REVIEW AND 
INTER PARTES REVIEW PANELS. 
Section 6(c) of title 35, United States Code, is 
amended to read as follows: 
‘‘(c) 3-MEMBER PANELS.— 
‘‘(1) IN
GENERAL.—Each appeal, derivation 
proceeding, post-grant review, and inter partes re-
view shall be heard by at least 3 members of the 
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237 
Patent Trial and Appeal Board, who shall be des-
ignated by the Director. 
‘‘(2) INELIGIBILITY
TO
HEAR
REVIEW.—A 
member of the Patent Trial and Appeal Board who 
participates in the decision to institute a post-grant 
review or an inter partes review of a patent shall be 
ineligible to hear the review. 
‘‘(3) REHEARINGS.—Only the Patent Trial and 
Appeal Board may grant rehearings.’’. 
SEC. 808. REEXAMINATION OF PATENTS. 
(a) REQUEST FOR REEXAMINATION.—Section 302 of 
title 35, United States Code, is amended to read as fol-
lows: 
‘‘§ 302. Request for reexamination 
‘‘Any person at any time may file a request for reex-
amination by the Office of any claim of a patent on the 
basis of any prior art cited under the provisions of section 
301. The request must be in writing and must be accom-
panied by payment of a reexamination fee established by 
the Director pursuant to the provisions of section 41. The 
request must identify all real parties in interest and certify 
that reexamination is not barred under section 303(d). 
The request must set forth the pertinency and manner of 
applying cited prior art to every claim for which reexam-
ination is requested. Unless the requesting person is the 
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owner of the patent, the Director promptly will send a 
copy of the request to the owner of record of the patent.’’. 
(b) REEXAMINATION BARRED BY CIVIL ACTION.— 
Section 303 of title 35, United States Code, is amended 
by adding at the end the following new subsection: 
‘‘(d) An ex parte reexamination may not be instituted 
if the request for reexamination is filed more than 1 year 
after the date on which the requester or a real party in 
interest or privy of the requester is served with a com-
plaint alleging infringement of the patent.’’. 
SEC. 
809. 
RESTORATION 
OF 
PATENTS 
AS 
PROPERTY 
RIGHTS. 
Section 283 of title 35, United States Code, is 
amended— 
(1) by striking ‘‘The several courts’’ and insert-
ing the following: 
‘‘(a) IN GENERAL.—The several courts’’; and 
(2) by adding at the end the following: 
‘‘(b) INJUNCTION.—Upon a finding by a court of in-
fringement of a patent not proven invalid or unenforce-
able, the court shall presume that— 
‘‘(1) further infringement of the patent would 
cause irreparable injury; and 
‘‘(2) remedies available at law are inadequate to 
compensate for that injury.’’. 
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SEC. 810. INVENTOR PROTECTIONS. 
(a) INVENTOR-OWNED
PATENT
PROTECTIONS.— 
Chapter 32 of title 35, United States Code, is amended 
by adding at the end the following new section: 
‘‘§ 330. Inventor protections 
‘‘(a) PROTECTION
FROM
POST
ISSUANCE
PRO-
CEEDINGS IN THE UNITED STATES PATENT AND TRADE-
MARK OFFICE.—The United States Patent and Trade-
mark Office shall not undertake a proceeding to reexam-
ine, review, or otherwise make a determination about the 
validity of an inventor-owned patent without the consent 
of the patentee. 
‘‘(b) CHOICE OF VENUE.—Any civil action for in-
fringement of an inventor-owned patent or any action for 
a declaratory judgment that an inventor-owned patent is 
invalid or not infringed may be brought in a judicial dis-
trict— 
‘‘(1) in accordance with section 1400(b) of title 
28; 
‘‘(2) where the defendant has agreed or con-
sented to be sued in the instant action; 
‘‘(3) where an inventor named on the patent in 
suit conducted research or development that led to 
the application for the patent in suit; 
‘‘(4) where a party has a regular and estab-
lished physical facility that such party controls and 
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operates, not primarily for the purpose of creating 
venue, and has— 
‘‘(A) engaged in management of significant 
research and development of an invention 
claimed in a patent in suit prior to the effective 
filing date of the patent; 
‘‘(B) manufactured a tangible good that is 
alleged to embody an invention claimed in a 
patent in suit; or 
‘‘(C) implemented a manufacturing process 
for a tangible good in which the process is al-
leged to embody an invention claimed in a pat-
ent in suit; or 
‘‘(5) in the case of a foreign defendant that 
does not meet the requirements of section 1400(b) 
of title 28, in accordance with section 1391(c)(3) of 
such title.’’. 
SEC. 811. REGISTRATION OF AGENT. 
(a) IN GENERAL.—Chapter 190 of title 28, United 
States Code, is amended by adding at the end the fol-
lowing new section: 
‘‘§ 5002. Registration of an agent for the service of 
process on covered entities 
‘‘(a) IN GENERAL.—A covered entity conducting 
business in the United States shall register with the De-
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partment of Commerce not less than one agent residing 
in the United States if the covered entity— 
‘‘(1) is owned by officers, members, or affiliates 
of the Chinese Communist Party, the People’s Lib-
eration Army of China, or any governmental organ 
of the People’s Republic of China, including regional 
and local governments; 
‘‘(2) is traded in shares and such shares are 
held in majority by any individual or group of indi-
viduals who are officers, members, or affiliates of 
the Chinese Communist Party, the People’s Libera-
tion Army of China, or any governmental organ of 
the People’s Republic of China, including regional 
and local governments; 
‘‘(3) is owned by individuals or other entities 
who reside or are headquartered outside of the 
United States and the majority of business earnings 
of the covered entity are derived from commerce 
with entities owned by officers, members, or affili-
ates of the Chinese Communist Party, the People’s 
Liberation Army of China, or any governmental 
organ of the People’s Republic of China, including 
regional and local governments of the Chinese Com-
munist Party, of the People’s Liberation Army of 
China, or in the People’s Republic of China; or 
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242 
‘‘(4) is organized under the laws of, or has its 
principal place of business in, the People’s Republic 
of China. 
‘‘(b) FILING.—A registration required under sub-
section (a) shall be filed with the Department of Com-
merce not later than 30 days after— 
‘‘(1) the date of enactment of this Act, or 
‘‘(2) the departure of the previously registered 
agent from employment or contract with the covered 
entity. 
‘‘(c) PURPOSE OF REGISTERED AGENT.— 
‘‘(1) AVAILABILITY.—A covered entity shall en-
sure that not less than one registered agent on 
whom process may be served is available at the busi-
ness address of the registered agent each day from 
9 a.m. to 5 p.m. in the time zone of the business ad-
dress, excluding Saturdays, Sundays, and Federal 
holidays. 
‘‘(2) COMMUNICATION.—The registered agent 
shall be required to be available to accept service of 
process on behalf of the covered entity under which 
the agent is registered by the means of any commu-
nication included in the registration submitted to the 
Department of Commerce. 
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243 
‘‘(d) COOPERATION.—A registered agent shall co-
operate in good faith with the United States Government 
and representatives of other individuals and entities. 
‘‘(e) REQUIRED
INFORMATION.—The registration 
submitted to the Department of Commerce shall include 
the following information: 
‘‘(1) The name of the covered entity registering 
an agent under this section. 
‘‘(2) The name of the Chief Executive Officer, 
President, Partner, Chairman, or other controlling 
individual of the covered entity. 
‘‘(3) The name of the individual who is being 
registered as the agent for the service of process. 
‘‘(4) The business address of the covered entity 
registering an agent under this section. 
‘‘(5) The business address of the individual who 
is being registered as the agent for the service of 
process. 
‘‘(6) Contact information, including an email 
address and phone number for the individual who is 
being registered as the agent for the service of proc-
ess. 
‘‘(7) The date on which the agent shall begin 
to accept service of process under this section. 
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‘‘(f) WEBSITE.—The information submitted to the 
Department of Commerce pursuant to this section shall 
be made available on a publicly accessible database on the 
website of the Department of Commerce. 
‘‘(g) PERSONAL JURISDICTION.—A covered entity 
that registers an agent under this section thereby consents 
to the personal jurisdiction of the State or Federal courts 
of the State in which the registered agent is located for 
the purpose of any regulatory proceeding or civil action 
relating to such covered entity. 
‘‘(h) DEFINITIONS.—In this section: 
‘‘(1) COVERED ENTITY.—The term ‘covered en-
tity’ means— 
‘‘(A) a corporation, partnership, associa-
tion, organization, or other combination of per-
sons established for the purpose of commercial 
activities; or 
‘‘(B) a trust or a fund established for the 
purpose of commercial activities. 
‘‘(2) DEPARTMENT OF COMMERCE.—The term 
‘Department of Commerce’ means the United States 
Department of Commerce.’’. 
(b) CLERICAL AMENDMENT.—The table of sections 
for chapter 190 of title 28, United States Code, is amend-
ed by adding at the end the following: 
‘‘5002. Registration of an agent for the service of process on covered entities.’’. 
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SEC. 812. EXCEPTION TO SOVEREIGN IMMUNITY. 
Section 1603(b)(2) of title 28, United States Code, 
is amended by inserting ‘‘except the People’s Republic of 
China,’’ after ‘‘owned by a foreign state,’’. 
SEC. 
813. 
REDRESS 
OF 
THEFT 
OF 
TRADE 
SECRETS 
EXTRATERRITORIALLY. 
Section 1836 of title 18, United States Code, is 
amended by adding at the end the following new sub-
section: 
‘‘(e) APPLICABILITY TO CONDUCT OUTSIDE UNITED 
STATES.—Notwithstanding any other provision of law, 
this section shall apply to conduct occurring outside the 
United States and impacting United States commerce, in-
cluding conduct by an offender who is— 
‘‘(1) not a United States person or an alien 
lawfully admitted for permanent residence into the 
United States; or 
‘‘(2) an organization which is created or orga-
nized under the laws of a foreign government or 
which has its principal place of business located out-
side of the United States.’’. 
SEC. 814. RESTRICTION ON FEDERAL GRANTS AND OTHER 
FORMS OF ASSISTANCE. 
(a) RESTRICTION.— 
(1) IN GENERAL.—Notwithstanding any other 
provision of law, the head of each Federal depart-
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ment or agency may not provide grants, awards, or 
other forms of assistance, that is currently author-
ized in law, to a United States business to improve 
the resilience or competitiveness of a business unless 
such business agrees that it: 
(A) will not engage in expanded coopera-
tion activities with any Chinese entity, and 
(B) will not expand its own activities with-
in the People’s Republic of China (including 
Hong Kong and Macau). 
(2) INELIGIBILITY.—If a United States busi-
ness that has received a grant or other form of as-
sistance described in paragraph (1) engages in ex-
panded cooperation activities with any Chinese enti-
ty, or expands its own activities within the People’s 
Republic of China, such business— 
(A) shall provide reimbursement to the 
Federal Government in an amount equal to the 
amount of the grant or other form of assist-
ance; and 
(B) shall be ineligible for any other grants 
or other forms of assistance described in para-
graph (1) from any Federal department or 
agency. 
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(b) REPORT.—The Secretary of the Treasury shall 
submit to Congress on an annual basis a report on invest-
ments made by United States businesses that receive 
grants or other forms of assistance described in subsection 
(a) in— 
(1) production in the People’s Republic of 
China; and 
(2) production elsewhere by any Chinese entity. 
(c) CHINESE ENTITY DEFINED.—In this section: 
(1) CHINESE ENTITY.—The term ‘‘Chinese en-
tity’’ means any entity organized under the laws of 
the People’s Republic of China or otherwise subject 
to the jurisdiction of the Government of the People’s 
Republic of China, and any entity owned or con-
trolled by the Government of the People’s Republic 
of China, or an entity subject to the jurisdiction of 
the Government of the People’s Republic of China. 
(2) EXPANDED
COOPERATION
ACTIVITIES.— 
The term ‘‘expanded cooperation activities’’, with re-
spect to a Chinese entity, means investments in, ex-
ports of technology to, any activity that provides 
capital, technology, or expertise to the entity, or any 
other form of cooperation with, the entity. 
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248 
(d) RULE OF CONSTRUCTION.—Nothing in this sec-
tion shall be construed to authorize a new Federal grant 
or award program. 
SEC. 815. RESTRICTION ON NATIONAL SCIENCE FOUNDA-
TION GRANTS AND OTHER FORMS OF ASSIST-
ANCE TO COMMUNIST CHINESE MILITARY 
COMPANIES AND THEIR AFFILIATES. 
(a) IN GENERAL.—Notwithstanding any other provi-
sion of law, the Director of the National Science Founda-
tion may not provide grants or other forms of assistance 
to any individual or entity that is affiliated or otherwise 
has a relationship, including but not limited to a research 
partnership, joint venture, or contract with— 
(1) an entity included on the list maintained 
and set forth in Supplement No. 4 to part 744 of 
the Export Administration Regulations; 
(2) a company on the list required by section 
1237 of the Strom Thurmond National Defense Au-
thorization Act for Fiscal Year 1999 (Public Law 
105–261; 50 U.S.C. 1701 note), or required by sec-
tion 1260H of the Mac Thornberry National De-
fense Authorization Act for Fiscal Year 2021 (Pub-
lic Law 116–283), or on the Non-SDN Chinese Mili-
tary-Industrial Complex Companies List (NS–CMIC 
List) or any successor list; or 
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(3) any parent, subsidiary, affiliate of, or entity 
owned by or controlled by, an entity described in 
(a)(1) and (a)(2). 
(b) EXPORT ADMINISTRATION REGULATIONS DE-
FINED.—In this section, the term ‘‘Export Administration 
Regulations’’ means the regulations set forth in sub-
chapter C of chapter VII of title 15, Code of Federal Reg-
ulations, or successor regulations. 
SEC. 816. EXPANDING INADMISSIBILITY ON SECURITY AND 
RELATED GROUNDS. 
(a) IN GENERAL.—Section 212(a)(3)(A) of the Im-
migration and Nationality Act (8 U.S.C. 1182(a)(3)(A)) 
is amended to read as follows: 
‘‘(A) IN GENERAL.—Any alien is inadmis-
sible who a consular officer or the Secretary of 
Homeland Security knows, or has reasonable 
ground to believe— 
‘‘(i) engages, has engaged, or will en-
gage in any activity— 
‘‘(I) in violation of any law of the 
United States relating to espionage or 
sabotage; or 
‘‘(II) that would violate any law 
of the United States relating to espio-
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nage or sabotage if the activity oc-
curred in the United States; 
‘‘(ii) engages, has engaged, or will en-
gage in any activity in violation or evasion 
of any law prohibiting the export from the 
United States of goods, technology, or sen-
sitive information; 
‘‘(iii) seeks to enter the United States 
to engage solely, principally, or incidentally 
in any other unlawful activity; 
‘‘(iv) seeks to enter the United States 
to engage solely, principally, or incidentally 
in any activity a purpose of which is the 
opposition to, or the control or overthrow 
of, the Government of the United States by 
force, violence, or other unlawful means; or 
‘‘(v) is the spouse or child of an alien 
who is inadmissible under this subpara-
graph, if the activity causing the alien to 
be found inadmissible occurred within the 
last 5 years.’’. 
(b) WAIVER AUTHORITY.—Section 212(d)(3)(A) of 
the 
Immigration 
and 
Nationality 
Act 
(8 
U.S.C. 
1182(d)(3)(A)) is amended— 
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251 
(1) by striking ‘‘(3)(A)(i)(I), (3)(A)(ii),’’ each 
place such term appears; and 
(2) 
by 
inserting 
‘‘(3)(A)(iv),’’ 
after 
‘‘(3)(A)(iii),’’ each place such term appears. 
TITLE IX—MATTERS RELATED 
TO FINANCIAL SERVICES 
SEC. 901. OPPOSITION OF THE UNITED STATES TO AN IN-
CREASE IN THE WEIGHT OF THE CHINESE 
RENMINBI IN THE SPECIAL DRAWING RIGHTS 
BASKET OF THE INTERNATIONAL MONETARY 
FUND. 
(1) The Secretary of the Treasury shall instruct 
the United States Governor of, and the United 
States Executive Director at, the International Mon-
etary Fund to use the voice and vote of the United 
States to oppose any increase in the weight of the 
Chinese renminbi in the basket of currencies used to 
determine the value of Special Drawing Rights, un-
less the Secretary of the Treasury has submitted to 
the Committee on Financial Services of the House of 
Representatives and the Committee on Banking, 
Housing, and Urban Affairs of the Senate a written 
report which includes a certification that— 
(A) the People’s Republic of China is in 
compliance with all its obligations under Article 
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VIII of the 19 Articles of Agreement of the 
Fund; 
(B) in the preceding 12 months, there has 
not been a report submitted under section 3005 
of the Omnibus Trade and Competitiveness Act 
of 1988 or section 701 of the Trade Facilitation 
and Trade Enforcement Act of 2015 in which 
the People’s Republic of China has been found 
to have manipulated its currency; 
(C) the People’s Republic of China has in-
stituted and is implementing the policies and 
practices necessary to ensure that the renminbi 
is freely usable (within the meaning of Article 
XXX(f) of the Articles of Agreement of the 
Fund); and 
(D) the People’s Republic of China adheres 
to the rules and principles of the Paris Club 
and the OECD Arrangement on Officially Sup-
ported Export Credits. 
SEC. 902. SUNSET. 
Section 901 shall have no force or effect beginning 
10 years after the date of the enactment of this Act. 
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253 
SEC. 903. STRENGTHENING CONGRESSIONAL OVERSIGHT 
OF SPECIAL DRAWING RIGHTS AT THE IMF. 
Section 6 of the Special Drawing Rights Act (22 
U.S.C. 286q) is amended— 
(1) in subsection (a)— 
(A) by striking ‘‘each basic period’’ and in-
serting ‘‘any 10-year period’’; and 
(B) by inserting ‘‘25 percent of’’ before 
‘‘the United States quota’’; and 
(2) in subsection (b)— 
(A) by inserting ‘‘, or consent to or acqui-
esce in such an allocation,’’ before ‘‘without 
consultations’’; 
(B) by striking ‘‘90’’ and inserting ‘‘180’’; 
and 
(C) by inserting ‘‘Chairman and ranking 
minority members of’’ before ‘‘the appropriate 
subcommittees’’. 
SEC. 904. PROHIBITION ON ALLOCATIONS FOR PERPETRA-
TORS OF GENOCIDE AND STATE SPONSORS 
OF TERRORISM WITHOUT CONGRESSIONAL 
AUTHORIZATION. 
Section 6(b) of the Special Drawing Rights Act (22 
U.S.C. 286q(b)) is amended by adding at the end the fol-
lowing: 
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‘‘(3) Unless Congress by law authorizes such 
action, neither the President nor any person or 
agency shall on behalf of the United States vote to 
allocate Special Drawing Rights under article XVIII, 
sections 2 and 3, of the Articles of Agreement of the 
Fund to a member country of the Fund, if the 
President of the United States has found that the 
government of the member country— 
‘‘(A) has committed genocide at any time 
during the 10-year period ending with the date 
of the vote; or 
‘‘(B) has repeatedly provided support for 
acts of international terrorism.’’. 
SEC. 905. OPPOSITION TO QUOTA INCREASE FOR COUN-
TRIES THAT UNDERMINE IMF PRINCIPLES. 
The Bretton Woods Agreements Act (22 U.S.C. 286– 
286zz) is amended— 
(1) by redesignating the 2nd section 73 (as 
added by section 1901 of division P of Public Law 
116–94) as section 74; and 
(2) by adding at the end the following: 
‘‘SEC. 75. OPPOSITION TO QUOTA INCREASE FOR COUN-
TRIES THAT UNDERMINE FUND PRINCIPLES. 
‘‘(a) IN GENERAL.—Not less than 7 days before con-
sideration of any proposal to increase the quota of a for-
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eign member of the Fund that is one of the 10 largest 
shareholders in the Fund, the Secretary of the Treasury 
shall submit a report to the Committee on Financial Serv-
ices of the House and the Committee on Foreign Relations 
of the Senate that determines whether the foreign member 
meets the following criteria: 
‘‘(1) The member is in compliance with all obli-
gations set forth in Article VIII of the Articles of 
Agreement of the Fund. 
‘‘(2) The member, in the preceding 12 months, 
was not found to have manipulated its currency, as 
determined in a report required by section 3005 of 
the Omnibus Trade and Competitiveness Act of 
1988 or section 701 of the Trade Facilitation and 
Trade Enforcement Act of 2015. 
‘‘(3) In the case of a member whose currency 
is included in the Special Drawing Rights basket of 
the Fund, the currency of the member is freely usa-
ble (within the meaning of Article XXX(f) of the Ar-
ticles of Agreement of the Fund) and the Secretary 
concurs with the determinations of the Fund de-
scribed in that Article, and, in the preceding 12 
months, the member has demonstrated its commit-
ment to ensuring that its currency is widely used 
and traded internationally. 
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‘‘(4) The member is committed to the rules and 
principles of the Paris Club. 
‘‘(b) EFFECT OF DETERMINATION.—On determining 
that a member of the Fund has failed to meet any of the 
criteria set forth in subsection (a), the Secretary shall in-
struct the Governor of the Fund to use the voice and vote 
of the United States to oppose the proposal to increase 
the quota of the member in the Fund. 
‘‘(c) WAIVER.—The President may waive subsection 
(b) with respect to a member of the Fund on reporting 
to the Committee on Financial Services of the House of 
Representatives and the Committee on Foreign Relations 
of the Senate that— 
‘‘(1) the waiver is important to the national in-
terest of the United States, with an explanation of 
the reasons therefor; or 
‘‘(2) the member is attempting to rectify the 
failure, with a description of the actions the member 
is taking to fulfill any unmet criteria. 
‘‘(d) PROHIBITION.—Notwithstanding subsection (c), 
the Governor of the Fund may not use the voice or vote 
of the United States to support a proposal to increase the 
quota of a member in the Fund if the President of the 
United States determines that the government of the 
member interfered in a United States election for Federal 
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office (as defined in section 301 of the Federal Election 
Campaign Act of 1971) in the 4 years preceding consider-
ation of the proposal. 
‘‘(e) PROPOSAL CONSIDERATION.—For the purposes 
of this section, consideration of a proposal to increase the 
quota of a foreign member of the Fund does not include 
consent to an amendment to the Articles of Agreement 
of the Fund that has been authorized by law. 
‘‘(f) SUNSET.—This section shall cease to have force 
or effect 10 years after the date of the enactment of this 
Act.’’. 
SEC. 906. OPPOSITION OF THE UNITED STATES TO INTER-
NATIONAL MONETARY FUND LOAN TO A 
COUNTRY WHOSE PUBLIC DEBT IS NOT LIKE-
LY TO BE SUSTAINABLE IN THE MEDIUM 
TERM. 
(a) IN GENERAL.—Section 68(a) of the Bretton 
Woods Agreements Act (22 U.S.C. 286tt(a)) is amend-
ed— 
(1) in paragraph (2), by inserting after the 
comma the following: ‘‘or a staff analytical report of 
the Fund states that there is not a high probability 
that the public debt of the country is sustainable in 
the medium term,’’; and 
(2) by adding at the end the following: 
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‘‘(3) WAIVER
AUTHORITY.—The Secretary of 
the Treasury may waive paragraph (2) on a case-by- 
case basis if the Secretary provides a written certifi-
cation to the Committee on Financial Services of the 
House of Representatives and the Committee on 
Foreign Relations of the Senate that the waiver is 
important to the national interest of the United 
States, and includes with the certification a written 
statement of the reasons therefor.’’. 
(b) SUNSET.—This section shall cease to have force 
or effect 10 years after the date of the enactment of this 
Act. 
SEC. 907. CONGRESSIONAL NOTIFICATION WITH RESPECT 
TO EXCEPTIONAL ACCESS LENDING. 
(a) IN GENERAL.—The Bretton Woods Agreements 
Act (22 U.S.C. 286–286zz), as amended by section 2 of 
this Act, is amended by adding at the end the following: 
‘‘SEC. 76. CONGRESSIONAL NOTIFICATION WITH RESPECT 
TO EXCEPTIONAL ACCESS LENDING. 
‘‘(a) IN GENERAL.—The United States Executive Di-
rector at the International Monetary Fund may not sup-
port any proposal that would alter the criteria used by 
the Fund for exceptional access lending if the proposal 
would permit a country that is ineligible, before the pro-
posed alteration, to receive exceptional access lending, un-
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less, not later than 15 days before consideration of the 
proposal by the Board of Executive Directors of the Fund, 
the Secretary of the Treasury has submitted to the Com-
mittee on Financial Services of the House of Representa-
tives and the Committee on Foreign Relations of the Sen-
ate a report on the justification for the proposal and the 
effects of the proposed alteration on moral hazard and re-
payment risk at the Fund. 
‘‘(b) WAIVER.—The President may reduce the appli-
cable notice period required under subsection (a) to not 
less than 7 days on reporting to the Committee on Finan-
cial Services of the House of Representatives and Com-
mittee on Foreign Relations of the Senate that the reduc-
tion is important to the national interest of the United 
States, with an explanation of the reasons therefor.’’. 
(b) SUNSET.—This section shall cease to have force 
or effect 10 years after the date of the enactment of this 
Act. 
SEC. 908. CONDITION ON IMF QUOTA INCREASE FOR THE 
PEOPLE’S REPUBLIC OF CHINA. 
(a) IN GENERAL.—The United States Governor of 
the International Monetary Fund (in this section referred 
to as the ‘‘Fund’’) shall use the voice and vote of the 
United States to oppose, and may not consent to, an in-
crease in the quota of the People’s Republic of China in 
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the Fund, unless the Secretary of the Treasury reports 
to the Congress that— 
(1) the Board of Governors of the Fund is con-
sidering admission of Taiwan as a member of the 
Fund, pursuant to the recommendation of the Board 
of Executive Directors of the Fund; or 
(2) Taiwan enjoys meaningful participation in 
the Fund, including through— 
(A) participation in regular surveillance ac-
tivities of the Fund with respect to the eco-
nomic and financial policies of Taiwan, con-
sistent with Article IV consultation procedures 
of the Fund; 
(B) employment opportunities for Taiwan 
nationals, without regard to any consideration 
that, in the determination of the Secretary, 
does not generally restrict the employment of 
nationals of member countries of the Fund; and 
(C) the ability to receive appropriate tech-
nical assistance and training by the Fund. 
(b) WAIVER.—The Secretary of the Treasury may 
waive subsection (a) of this section with respect to a pro-
posal on reporting to the Congress that providing the 
waiver will substantially promote the objective of securing 
more equitable treatment of Taiwan at each international 
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financial institution (as defined in section 1701(c)(2) of 
the International Financial Institutions Act). 
(c) SUNSET.—This section shall have no force or ef-
fect beginning with the date that is 7 years after the date 
of the enactment of this Act. 
SEC. 909. ENSURING NON-DISCRIMINATION WITH RESPECT 
TO 
TRAVEL 
POLICIES 
AT 
THE 
INTER-
NATIONAL FINANCIAL INSTITUTIONS. 
(a) IN GENERAL.—The Secretary shall instruct the 
United States Executive Director at each international fi-
nancial institution to use the voice and vote of the United 
States to ensure that the travel policies and procedures 
of the respective institution with respect to Taiwan as a 
destination or transit point do not impose any administra-
tive conditions, including through restrictions on logistical 
arrangements or meeting participants, that do not gen-
erally apply to a member country of the institution as a 
destination or transit point, except as required temporarily 
for reasons of public safety or public health. 
(b) DEFINITIONS.—In this section: 
(1) 
INTERNATIONAL
FINANCIAL
INSTITU-
TION.—The term ‘‘international financial institu-
tion’’ has the meaning given the term in section 
1701(c)(2) of the International Financial Institu-
tions Act. 
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(2) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of the Treasury. 
(c) WAIVER.—The Secretary may waive subsection 
(a) with respect to an international financial institution 
for up to 1 year at a time on reporting to the Congress 
that providing the waiver— 
(1) will substantially promote the objective of 
securing more equitable treatment of Taiwan at the 
international financial institution; or 
(2) is in the national interest of the United 
States, with a detailed explanation of the reasons 
therefor. 
(d) PROGRESS REPORT.—The Chairman of the Na-
tional Advisory Council on International Monetary and Fi-
nancial Policies shall submit to the Congress an annual 
report that describes the progress made in advancing the 
travel policies and procedures described in subsection (a), 
and may consolidate that report with the annual report 
required by section 1701 of the International Financial 
Institutions Act or any other report required to be sub-
mitted to the Secretary. 
(e) SUNSET.—This section shall have no force or ef-
fect beginning with the earlier of— 
(1) the date that is 7 years after the date of the 
enactment of this Act; or 
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(2) the date on which the Secretary reports to 
the Congress that each international financial insti-
tution has adopted the travel policies and procedures 
described in subsection (a). 
SEC. 910. TESTIMONY REQUIREMENT. 
In each of the next 7 years in which the Secretary 
of the Treasury is required by section 1705(b) of the 
International Financial Institutions Act to present testi-
mony, the Secretary shall include in the testimony a de-
scription of the efforts of the United States to support 
the greatest participation practicable by Taiwan at each 
international financial institution (as defined in section 
1701(c)(2) of such Act). 
SEC. 911. STATEMENT OF UNITED STATES POLICY REGARD-
ING THE DOLLAR. 
It is the policy of the United States to facilitate the 
position of the dollar as the primary global reserve cur-
rency, including through vigorous support of— 
(1) deep, open, and transparent financial mar-
kets; 
(2) continuous improvements to domestic and 
international payment methods that facilitate dollar 
transactions; 
(3) sound macroeconomic governance and a 
rules-based system of international trade; and 
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(4) clear and realistic objectives in the deploy-
ment of financial restrictions arising from national 
security considerations. 
SEC. 912. REPORT ON DOLLAR STRATEGY. 
(a) IN GENERAL.—The Secretary of the Treasury (in 
this section referred to as the ‘‘Secretary’’) shall establish 
a strategy that implements the policy described in section 
2. 
(b) CONSULTATION.—The Secretary shall, as appro-
priate, consult with the Board of Governors of the Federal 
Reserve System when establishing the strategy pursuant 
to subsection (a). 
(c) REPORT.—Not later than 180 days after the date 
of the enactment of this section, the Secretary shall sub-
mit to the Committee on Financial Services of the House 
of Representatives and the Committee on Banking, Hous-
ing, and Urban Affairs of the Senate a report that de-
scribes— 
(1) the strategy established by the Secretary 
pursuant to subsection (a); 
(2) key measures taken by the Secretary to im-
plement the strategy; 
(3) any legislative recommendations that would 
strengthen the ability of the United States to ad-
vance the policy described in section 2; 
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(4) a description of efforts by major foreign 
central banks, including the People’s Bank of China, 
to create an official digital currency, as well as any 
risks to the national interest of the United States 
posed by such efforts; 
(5) the status of efforts to assess or develop an 
official United States digital currency by the Board 
of Governors of the Federal Reserve System; and 
(6) any implications for the strategy established 
by the Secretary pursuant to subsection (a) arising 
from the relative state of development of an official 
digital currency by the United States and other na-
tions, including the People’s Republic of China. 
(d) RENMINBI ASSESSMENT.—The report described 
in subsection (c) shall— 
(1) evaluate the role of the renminbi in inter-
national payments and foreign exchange reserves; 
(2) assess currency-related policies in China, in-
cluding— 
(A) the provision of Chinese government- 
backed assets; 
(B) the extension of credit abroad by the 
Chinese government; and 
(C) the development of cross-border pay-
ment systems as tools to advance strategic ob-
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jectives of the government of the People’s Re-
public of China; and 
(3) recommend policy options aimed at miti-
gating medium-term and long-term risks to the na-
tional interest of the United States that may arise 
as a result of the internationalization of the 
renminbi. 
(e) ANNUAL UPDATES.—After submitting an initial 
report in accordance with subsection (c), the Secretary 
shall submit, to the Committee on Financial Services of 
the House of Representatives and the Committee on 
Banking, Housing, and Urban Affairs of the Senate, an 
updated version of such report each year. 
SEC. 913. SUNSET. 
Section 912 shall have no force or effect after the 
date that is 7 years after the date of the enactment of 
this Act. 
TITLE X—OFFSETS 
SEC. 1001. RESCISSION OF CERTAIN FEDERAL FUNDS AP-
PROPRIATED FOR STATE, CITY, LOCAL, AND 
TRIBAL GOVERNMENTS. 
Notwithstanding any other provision of law, the total 
amount of unobligated funds available under any of sec-
tions 601 through 603 of title VI of the Social Security 
Act are hereby permanently rescinded. 
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