[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 2757 Introduced in Senate (IS)]
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115th CONGRESS
2d Session
S. 2757
To require a national economic security strategy, and for other
purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
April 25, 2018
Mr. Young (for himself, Mr. Merkley, Mr. Rubio, and Mr. Coons)
introduced the following bill; which was read twice and referred to the
Committee on Banking, Housing, and Urban Affairs
_______________________________________________________________________
A BILL
To require a national economic security strategy, and for other
purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``National Economic Security Strategy
Act of 2018''.
SEC. 2. SENSE OF CONGRESS.
It is the sense of Congress that--
(1) the national security of the United States depends in
large part on a vibrant, growing, and secure United States
economy;
(2) the United States confronts more international economic
competition and threats today than at any time in the Nation's
history;
(3) a failure of the United States to compete economically
will undermine the prosperity and security of the people of the
United States;
(4) the United States is stronger when the national
security strategy integrates economic tools in the service of
foreign policy objectives;
(5) it is in the national security and economic interests
of the United States--
(A) to promote free, fair, and reciprocal economic
relationships between the United States and foreign
individuals and entities;
(B) to promote and protect the United States
innovation base, including the defense industrial base;
(C) to ensure that the United States leads in
research, technology, and innovation;
(D) to counter anticompetitive economic behavior,
policies, and strategies by foreign individuals and
entities;
(E) to promote environmental stewardship; and
(F) to ensure workers and families in the United
States have the opportunity to thrive with competitive
wages and are not unfairly disadvantaged;
(6) the Federal Government has a limited, but important,
role in facilitating the ability of the United States to
compete successfully in the international economic competition
described in paragraph (2); and
(7) the Federal Government should periodically produce a
national economic security strategy--
(A) to ensure Federal policies, statutes,
regulations, procedures, data gathering, and assessment
practices are optimally designed and implemented to
facilitate the competitiveness, prosperity, and
security of the United States; and
(B) maximally advance economic opportunity for
present and future generations of United States
citizens.
SEC. 3. NATIONAL ECONOMIC SECURITY STRATEGY.
(a) Strategy Required.--
(1) Initial strategy.--Not later than 180 days after the
date of the enactment of this Act, the President, in
coordination with the National Security Council and the
National Economic Council and the heads of other relevant
Federal agencies, shall submit to the appropriate congressional
committees a report setting forth a national economic security
strategy of the United States to support the national security
strategy for 2017.
(2) Subsequent strategies.--Beginning in 2021, the
President, in coordination with the National Security Council
and the National Economic Council and the heads of other
relevant Federal agencies, shall submit to the appropriate
congressional committees a national economic security
strategy--
(A) in any year in which a new President is
inaugurated, not later than October 1 of that year; and
(B) in any other year, not later than 90 days after
the transmission to Congress in that year of the
national security strategy.
(b) Elements.--Each report required by subsection (a) shall set
forth a national economic security strategy of the United States and
shall, at a minimum, include the following:
(1) An assessment of the global competitive position of key
United States economic sectors, including strengths,
weaknesses, opportunities, and threats.
(2) An assessment of the national debt and its implications
for the economic and national security of the United States.
(3) A description and discussion of the prioritized
economic security interests and objectives of the United
States, including key economic sectors vital to economic
security of the United States.
(4) A description of the leading threats, challenges, and
opportunities associated with the interests and objectives
described in paragraph (3), including--
(A) an assessment of the severity and likelihood of
the threats, both foreign and domestic, and an explicit
linking of each such threat to a national interest or
objective;
(B) an assessment of the nature of the challenges
and how each challenge will evolve if left unaddressed;
and
(C) an assessment of the opportunities and
associated potential benefits to United States
interests or objectives.
(5) An overview of the public and private sector tools
necessary to address or minimize the leading threats and
challenges described in paragraph (4) and to take advantage of
the leading opportunities described in that paragraph.
(6) An assessment of whether the United States Government
or private sector possesses those tools.
(7) For each such threat, challenge, or opportunity that
the United States Government or private sector lack sufficient
tools to address, minimize, or take advantage of, a detailed
plan to develop, improve, or foster those tools.
(8) A plan to utilize available tools to address or
minimize the leading threats and challenges and to take
advantage of the leading opportunities, including--
(A) a discussion of the optimal allocation of
finite resources and an identification of the risks
associated with that allocation;
(B) specific objectives, tasks, metrics, and
milestones for each relevant Federal agency;
(C) specific plans to eliminate obstacles for the
private sector in areas supportive of the national
economic security strategy and to maximize the prudent
use of public-private partnerships;
(D) specific plans to eliminate obstacles to
strengthening United States energy security,
sustainability, and resilience in areas supportive of
the national economic security strategy, including
energy diversity and sustainable management and use of
energy resources;
(E) specific plans to promote environmental
stewardship and fair competition for United States
workers;
(F) a description of--
(i) how the national economic security
strategy supports the national security
strategy; and
(ii) how the national economic security
strategy is integrated and coordinated with the
most recent national defense strategy under
section 113(g) of title 10, United States Code;
(G) a plan to encourage the governments of
countries that are allies or partners of the United
States to cooperate with the execution of the national
economic security strategy, where appropriate; and
(H) a plan to encourage certain international and
multilateral organizations to support the
implementation of the national economic security
strategy.
(9) An identification of any additional resources or
statutory authorizations necessary to implement the national
economic security strategy.
(c) Form of Report.--Each report required by subsection (a) shall
be submitted in unclassified form, but may include a classified annex.
(d) Definitions.--In this section:
(1) Appropriate congressional committees.--The term
``appropriate congressional committees'' means--
(A) the Committee on Appropriations, the Committee
on Armed Services, the Committee on Banking, Housing,
and Urban Affairs, the Committee on Commerce, Science,
and Transportation, the Committee on Finance, and the
Committee on Foreign Relations of the Senate; and
(B) the Committee on Appropriations, the Committee
on Armed Services, the Committee on Energy and
Commerce, the Committee on Financial Services, the
Committee on Foreign Affairs, and the Committee on Ways
and Means of the House of Representatives.
(2) National security strategy.--The term ``national
security strategy'' means the national security strategy
required by section 108 of the National Security Act of 1947
(50 U.S.C. 3043).
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