Thwarting Regional Adversary Investments Now Act

Bill: 118-hr-5632
Sponsor: full_name: Rep. Fitzgerald, Scott [R-WI-5]
Introduced: 2023-09-21
Policy area: International Affairs
Latest action: action_date: 2023-09-21
text: Referred to the House Committee on Foreign Affairs.

Summaries:
action_date: 2023-09-21
action_desc: Introduced in House
text: <p><strong>Thwarting Regional Adversary Investments Now Act or TRAIN Act</strong></p><p>This bill requires the U.S. Agency for International Development to make training available to appropriate government officials of non-adversarial countries in South and Central Asia on analyzing, assessing, and mitigating any legal or financial risk of accepting investment or lending from a foreign adversary that is in the region.</p>

tv_txt: I 118th CONGRESS 1st Session H. R. 5632 IN THE HOUSE OF REPRESENTATIVES September 21, 2023 Mr. Fitzgerald (for himself and Mr. Nunn of Iowa ) introduced the following bill; which was referred to the Committee on Foreign Affairs A BILL To direct the Administrator of the United States Agency for International Development to make available to government officials of nonadversarial countries in South and Central Asia training in analyzing, assessing, and mitigating any risk of accepting investment or lending from China, and for other purposes.

1. Short title This Act may be cited as the Thwarting Regional Adversary Investments Now Act or the TRAIN Act . 2. Findings Congress finds the following: (1) In 2015, Chinese President Xi Jinping issued an official outline of the principles, framework, priorities, and cooperation mechanisms of the Belt and Road Initiative (referred to in this section as the BRI ). (2) Since its inception, more than 140 countries and 32 international organizations have signed BRI cooperation documents with China, including 40 countries in sub-Saharan Africa, 34 countries in Europe and Central Asia, and 24 countries in East Asia and the Pacific. (3) Many developing countries do not possess the legal, technological, or intelligence capabilities necessary to properly evaluate the national security, debt sustainability, and other risks posed by related agreements with Chinese entities or the Chinese Government. (4) Due to the expanding investments by foreign adversaries in the economic and infrastructure sectors of allied and partner countries, the United States should provide technical training, assistance, and support to evaluate the risks these investments pose, and provide a formal review of the future impact these investments would have, on partner economies. 3. USAID training for foreign government officials (a) In general Not later than 1 year after the date of enactment of this Act, the Administrator of the United States Agency for International Development (referred to in this section as the Administrator ) shall make available to appropriate government officials of nonadversarial countries in South and Central Asia training in analyzing, assessing, and mitigating any legal or financial risk of accepting investment or lending from a foreign adversary that is in the region. (b) Report (1) Requirement and elements Beginning not later than 2 years after the date of enactment of this Act and on an annual basis thereafter, the Administrator shall submit to the appropriate congressional committees a report that includes— (A) an overview of the training provided under subsection (a) during the prior fiscal year; and (B) an overview of each lending or legal agreement entered into during the prior fiscal year between a nonadversarial country in South and Central Asia and a foreign adversary that is in the region, including an analysis of any risk posed to the United States by such agreement. (2) Form Each report required under paragraph (1) shall be submitted in unclassified form but may include a classified annex. (c) Consultation In carrying out the requirements of subsections (a) and (b), the Administrator shall consult with— (1) the Chief Executive Officer of the United States International Development Finance Corporation; (2) the Committee on Foreign Investment in the United States; (3) the United States Trade Representative; (4) the President of the Export–Import Bank of the United States; (5) the Assistant Secretary of State for South and Central Asian Affairs; and (6) the heads of other appropriate Federal agencies. (d) Definitions In this section: (1) The term appropriate congressional committees means— (A) the Committee on Financial Services of the House of Representatives; (B) the Committee on Foreign Affairs of the House of Representatives; (C) the Committee on Banking, Housing, and Urban Affairs of the Senate; and (D) the Committee on Foreign Relations of the Senate. (2) The term foreign adversary means a foreign government or individual engaged in a long-term pattern or serious instances of conduct significantly adverse to the national security of the United States or its allies or to the security and safety of United States citizens. (3) The term nonadversarial country means a country that is not engaged in a long-term pattern or serious instances of conduct significantly adverse to the national security of the United States or its allies or to the security and safety of United States citizens.