3.0.0 3136 2024-12-20T09:06:03Z 2024-12-20T09:06:03Z House H HR 2023-05-09 118 <pre>[Congressional Record Volume 169, Number 78 (Tuesday, May 9, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Ms. DeLAURO:H.R. 3136.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8The single subject of this legislation is:Outbound Investment[Page H2172]</pre> hswm00 Ways and Means Committee House Standing hswm04 Trade Subcommittee Referred to 2024-12-17T19:46:46Z Referred to 2023-05-09T16:02:30Z 2024-12-17 hswm04 Trade Subcommittee 1 House committee actions Referred to the Subcommittee on Trade. Committee 2023-05-09 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2023-05-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-05-09 Introduced in House IntroReferral 1000 9 Library of Congress D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 N P000096 Rep. Pascrell, Bill, Jr. [D-NJ-9] WILLIAM PASCRELL D NJ J. 9 2023-05-09 True F000466 Rep. Fitzpatrick, Brian K. [R-PA-1] Brian Fitzpatrick R PA K. 1 2023-05-09 True C001072 Rep. Carson, Andre [D-IN-7] Andre Carson D IN 7 2023-05-11 False R000576 Rep. Ruppersberger, C. A. Dutch [D-MD-2] C. A. Ruppersberger D MD Dutch 2 2023-05-15 False T000487 Rep. Tokuda, Jill N. [D-HI-2] Jill Tokuda D HI N. 2 2023-05-17 False S000344 Rep. Sherman, Brad [D-CA-32] BRAD SHERMAN D CA 32 2023-11-28 False Foreign Trade and International Finance Foreign Trade and International Finance 2023-05-24T13:00:27Z

00 2023-05-09 Introduced in House 2024-02-14T14:48:33Z <p><b>National Critical Capabilities Defense Act of 2023</b></p> <p>This bill establishes a notification process for certain U.S. investment (known as outbound investment) involving national critical capabilities sectors in countries of concern (e.g., China and Russia). <i>National critical capabilities sector</i> includes, among others, a sector involving semiconductor manufacturing and advanced packaging, artificial intelligence, active pharmaceutical ingredients, or automobile manufacturing.</p> <p>Specifically, the bill directs the President to establish a Committee on National Critical Capabilities, which must establish regulations to carry out this bill.</p> <p>The bill requires a U.S. business or individual, 90 days before undertaking a covered activity (e.g., investment), to submit a written notification to the committee. The committee may review a covered activity that is the subject of a notification to determine if the activity poses a risk to U.S. national security. The bill outlines the factors to be considered during this review.</p> <p>The committee may, if it has reason to believe that a covered activity poses a risk to national security, take certain actions to mitigate the risk posed by the activity. Further, the committee may prohibit or regulate covered activities (with exceptions).</p> <p>Additionally, the committee must determine the sensitivities and risks for sourcing goods, materials, and technologies needed for national critical capabilities sectors.</p> <p>The bill outlines enforcement mechanisms and establishes civil penalties for violations.</p> <p>The bill directs (1) the President to conduct bilateral and multilateral engagement with U.S. allies and partners, and (2) the committee to develop a strategy to work with these countries and provide technical assistance.</p>

Display Title 45 2024-07-24T15:22:17Z Short Title(s) as Introduced 101 2024-05-24T13:40:10Z Introduced in House IH Official Title as Introduced 6 2024-03-18T20:45:17Z Introduced in House IH Introduced in House 2023-05-09T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr3136ih/xml/BILLS-118hr3136ih.xml 2024-12-17 Referred to the Subcommittee on Trade. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.