Holding Chinese Military Companies Accountable Act

Bill: 117-hr-3011
Sponsor: full_name: Rep. Banks, Jim [R-IN-3]
Introduced: 2021-05-07
Policy area: International Affairs
Latest action: action_date: 2021-05-07
text: Referred to the House Committee on Foreign Affairs.

Summaries:
action_date: 2021-05-07
action_desc: Introduced in House
text: <p><strong>Holding Chinese Military Companies Accountable Act</strong></p> <p>This bill expands the definition of a <em>Communist Chinese military company</em> and addresses related issues. (Current law authorizes the President to exercise certain economic powers, such as investigating or prohibiting payments, involving a person designated a Communist Chinese military company.) </p> <p>Under this bill, the Department of Defense (DOD) shall apply the designation to a person (i.e., an individual or entity) with significant investments in certain technology sectors, such as fifth-generation wireless communications or artificial intelligence, if the person is owned by, controlled by, or affiliated with the Chinese Communist Party or any person who has ever been a delegate to the National People's Congress.</p> <p>The bill also requires DOD to continue making periodic determinations regarding such designations until December 31, 2026. </p>

tv_txt: I 117th CONGRESS 1st Session H. R. 3011 IN THE HOUSE OF REPRESENTATIVES May 7, 2021 Mr. Banks (for himself, Mr. Steube , and Mr. Wilson of South Carolina ) introduced the following bill; which was referred to the Committee on Foreign Affairs A BILL To modify the definition of a communist Chinese military company for purposes of the imposition of certain sanctions, and for other purposes.

1. Short title This Act may be cited as the Holding Chinese Military Companies Accountable Act . 2. Modifications to applications of IEEPA authorities to communist Chinese military companies Section 1237(b)(4)(B) of the Strom Thurmond National Defense Authorization Act for Fiscal Year 1999 ( 50 U.S.C. 1701 note) is amended— (1) by striking clause (ii); (2) in the matter preceding clause (i), by striking that— and inserting that is engaged in providing commercial services, manufacturing, producing, or exporting and— ; (3) in clause (i), by striking ; and and inserting ; or ; and (4) 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 (II) is engaged in significant investment in the sectors of fifth-generation wireless communications, artificial intelligence, advanced computing, big data analytics, autonomy, robotics, directed energy, hypersonics, or biotechnology. . 3. Extension of authority Notwithstanding section 1061(i)(6) of the National Defense Authorization 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 Authorization Act for Fiscal Year 1999— (1) shall not terminate on December 31, 2021; and (2) shall continue in effect until December 31, 2026.