Opposing Business with Chinese Military Companies Act

Bill: 117-hr-1137
Sponsor: full_name: Rep. Jackson, Ronny [R-TX-13]
Introduced: 2021-02-18
Policy area: International Affairs
Subjects: Asia

China

Foreign and international corporations

Presidents and presidential powers, Vice Presidents

Sanctions

War and emergency powers
Latest action: action_date: 2021-02-18
text: Referred to the House Committee on Foreign Affairs.

Summaries:
action_date: 2021-02-18
action_desc: Introduced in House
text: <p><b>Opposing Business with Chinese Military Companies Act</b></p> <p>This bill requires the President to exercise certain economic powers, such as investigating or prohibiting payments, with respect to an entity that is engaging in economic activities in the United States and is (1) affiliated with China's government or military, or (2) owned or controlled by an entity affiliated with China's defense industrial base. (The President currently has such powers but is not required to exercise them.)</p> <p>The bill extends to December 31, 2026, a provision requiring the Department to Defense to annually report to Congress an updated list of such entities.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 1137 IN THE HOUSE OF REPRESENTATIVES February 18, 2021 Mr. Jackson (for himself, Mrs. McClain , Mr. Diaz-Balart , Mr. Waltz , Mr. Owens , Mr. Norman , Mrs. Hinson , Mr. Palazzo , and Mr. Baird ) introduced the following bill; which was referred to the Committee on Foreign Affairs A BILL To amend the Strom Thurmond National Defense Authorization Act for Fiscal Year 1999 to require the use of certain authorities under the International Emergency Economic Powers Act, and for other purposes.

1. Short title This Act may be cited as the Opposing Business with Chinese Military Companies Act . 2. Modification to use of emergency sanctions authorities (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 by striking may exercise and inserting shall exercise . (b) Extension of list requirement 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.