In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

SECTION 1. PROLIFERATOR DESUBSIDIZATION.

(a) Annual Report.--The Director of Central Intelligence shall
submit an annual report to the Members of Congress specified in
subsection (f) containing the information described in subsection (b).
The first such report shall be submitted not later than 30 days after
the date of the enactment of this Act and subsequent reports shall be
submitted annually thereafter. Each such report shall be submitted in
classified form.
(b) Identification of Foreign Entities Transferring Items or
Technologies.--Each report shall identify each covered entity which
during the preceding 2 years transferred a controlled item to another
entity for use in any of the following:
(1) A missile project of concern (as determined by the
Director of Central Intelligence).
(2) Activities to develop, produce, stockpile, or deliver
chemical or biological weapons.
(3) Nuclear activities in countries that do not maintain
full scope International Atomic Energy Agency safeguards or
equivalent full scope safeguards.
(c) Prohibition of Subsidies for Proliferator Entities.--Subject to
subsection (d), the following shall be applicable with respect to each
entity identified in the most recent report under subsection (a):
(1) The Export-Import Bank of the United States may not
issue any guarantee, insurance, or extension of credit, or
approve any participation in an extension of credit, that would
be used to conduct business with that entity.
(2) The Overseas Private Investment Corporation may not
issue any insurance, reinsurance, or guarantee, or provide any
financing, that would be used to conduct business with that
entity.
(3) No license may be approved for the transfer to that
entity of--
(A) any controlled item;
(B) any other item for which a validated license is
required under section 5, 6(l), or 6(m) of the Export
Administration Act of 1979 or for which a validated
license is required under that Act pursuant to section
309(c) of the Nuclear Non-Proliferation Act of 1978;
(C) any other item on the United States Munitions
List; or
(D) any other item controlled for export under the
Atomic Energy Act of 1954.
(4) The Secretary of Energy may not approve a request under
section 57b.(2) of the Atomic Energy Act of 1954 to engage,
directly or indirectly, in the production of special nuclear
material by that entity.
(d) Removal of Prohibition.--The prohibition under subsection (c)
shall cease to apply with respect to an entity if the Director of
Central Intelligence submits a certification in writing to the Members
of Congress specified in subsection (f) that the entity has ceased to
make transfers described in subsection (b) and is unlikely to resume
such transfers.
(e) Definitions.--For the purposes of this section:
(1) Controlled item.--(A) The term ''controlled item''
means any of the following items (including technology):
(i) Any item on the MTCR Annex.
(ii) An item listed for control by the Australia
Group.
(iii) Any item listed for control by the Nuclear
Suppliers Group.
(B) Australia group.--The term ''Australia Group'' means
the multilateral regime in which the United States participates
that seeks to prevent the proliferation of chemical and
biological weapons.
(C) MTCR annex.--The term ''MTCR Annex'' has the meaning
given that term in section 74 of the Arms Export Control Act
(22 U.S.C. 2797c).
(D) Nuclear suppliers' group.--The term ''Nuclear
Suppliers' Group'' means the multilateral arrangement in which
the United States participates whose purpose is to restrict the
transfers of items with relevance to the nuclear fuel cycle or
nuclear explosive applications.
(2) Covered entity.--The term ''covered entity'' means a
foreign person, corporation, business association, partnership,
society, trust, or other nongovernmental organization or group
or any government entity operating as a business. Such term
includes any successor to any such entity.
(3) Missile project.--(A) The term ''missile project''
means a project or facility for the design, development, or
manufacture of a missile.
(B) The term ''missile'' has the meaning given that term in
section 74 of the Arms Export Control Act (22 U.S.C. 2797c).
(f) Specified Members of Congress.--The Members of Congress
referred to in this subsection are the following:
(1) The chairman and ranking minority party member of the
following committees of the House of Representatives: the
Committee on International Relations, the Committee on National
Security, the Permanent Select Committee on Intelligence, and
the Committee on Appropriations.
(2) The chairman and ranking minority party member of the
following committees of the Senate: the Committee on Foreign
Relations, the Committee on Armed Services, the Select
Committee on Intelligence, the Committee on Appropriations, and
the Committee on Governmental Affairs.
Requires the Director of Central Intelligence (DCI) to submit to the chairmen and ranking minority members of specified congressional committees an annual report identifying each foreign entity which, during the preceding two years, transferred a controlled item (any of certain items listed on nuclear supplies lists or chemical or biological weapons) to another entity for: (1) a missile project of concern; (2) activities to develop, produce, stockpile, or deliver chemical or biological weapons; or (3) nuclear activities in countries that do not maintain full International Atomic Energy Agency safeguards or equivalent full scope safeguards.
Prohibits certain economic and export subsidies with respect to identified countries. Waives such prohibition if the DCI certifies to such members that the entity has ceased to make such transfers and is unlikely to resume doing so.