[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9858 Introduced in House (IH)]

<DOC>






119th CONGRESS
  2d Session
                                H. R. 9858

  To establish the Critical Minerals Innovation Partnership, and for 
                            other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 22, 2026

  Mrs. Kim (for herself, Mr. Bera, Mr. Bilirakis, Mr. Harrigan, Mrs. 
 Bice, Ms. Salazar, Mrs. Radewagen, Mr. Miller of Ohio, Mr. Zinke, Mr. 
   Kean, and Mr. Mackenzie) introduced the following bill; which was 
              referred to the Committee on Foreign Affairs

_______________________________________________________________________

                                 A BILL


 
  To establish the Critical Minerals Innovation Partnership, 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; TABLE OF CONTENTS.

    (a) Short Title.--This Act may be cited as the ``Strategic 
Technology and Resilient Alliances Act of 2026'' or the ``STRATA Act of 
2026''.
    (b) Table of Contents.--The table of contents for this Act is as 
follows:

Sec. 1. Short title; table of contents.
Sec. 2. Sense of congress.
Sec. 3. Definitions.
       TITLE I--CRITICAL MINERALS INNOVATION PARTNERSHIP PROGRAM

Sec. 101. Establishment.
Sec. 102. Eligibility.
Sec. 103. Notification and briefing.
Sec. 104. Elements.
Sec. 105. Responsibilities of Director.
Sec. 106. Staff.
                       TITLE II--RELATED MATTERS

Sec. 201. International Centers of Excellence for Innovative Critical 
                            Minerals Supply Chain Technologies.
Sec. 202. Digital platform.
Sec. 203. Sense of Congress provisions.
Sec. 204. Assistance for science and technology cooperation; 
                            limitations.
                           TITLE III--SUNSET

Sec. 301. Termination of authority.
Sec. 302. Continuation of existing agreements.
Sec. 303. Use of funds after termination.

SEC. 2. SENSE OF CONGRESS.

    It is the sense of Congress that--
            (1) critical minerals are essential inputs for a wide range 
        of advanced and emerging technologies, including energy 
        systems, semiconductors, advanced manufacturing, and defense 
        applications, and continued innovation in their use and 
        production is vital to United States technological leadership;
            (2) innovation in critical minerals extraction, separation, 
        processing, refining, recycling, and substitution technologies 
        remains insufficient to meet projected United States demand and 
        requires accelerated research, development, and 
        commercialization efforts;
            (3) cooperation with United States partner countries 
        possessing complementary scientific, technological, and 
        industrial capabilities enhances the ability of the United 
        States to advance innovation across the critical minerals value 
        chain;
            (4) joint research and development initiatives with partner 
        countries can accelerate breakthroughs in cost-effective, 
        sustainable, and scalable approaches to critical minerals 
        production and use;
            (5) allied collaboration in materials science, mineral 
        production and extraction technologies, mineral processing 
        technologies, and advanced manufacturing can reduce dependence 
        on legacy methods and enable the development of next-generation 
        technologies;
            (6) innovation in recycling, recovery, and reuse approaches 
        for critical minerals presents a significant opportunity to 
        expand supply while reducing environmental impact and resource 
        constraints;
            (7) the development of substitute materials and alternative 
        technologies can mitigate reliance on scarce or supply-
        constrained critical minerals and enhance long-term 
        technological resilience;
            (8) shared research infrastructure, data, and scientific 
        expertise among partner countries can improve the efficiency 
        and effectiveness of innovation efforts related to critical 
        minerals;
            (9) public-private partnerships involving governments, 
        research institutions, and industry are essential to advancing 
        innovation and scaling new technologies in order to bridge the 
        ``valley of death'' in the critical minerals sector;
            (10) strengthening collaboration among universities, 
        national laboratories, and private-sector entities across 
        partner countries enhances talent development and supports a 
        robust, market-responsive innovation ecosystem;
            (11) establishing formal bilateral and multilateral 
        mechanisms for cooperation in critical minerals innovation 
        enables sustained, long-term collaboration and more rapid 
        response to emerging technological challenges;
            (12) dedicated funding and streamlined authorities for 
        joint innovation initiatives reduce barriers to collaboration 
        and enable more agile development and deployment of critical 
        minerals technologies so as to accelerate the transition of 
        technologies in research and development phases to operational 
        deployment, government integration, and commercial application;
            (13) advancing innovation in critical minerals technologies 
        is essential to maintaining United States leadership in 
        critical and emerging technologies and supporting long-term 
        economic and national security; and
            (14) activities under this Act should be aligned with 
        existing critical mineral and energy security initiatives.

SEC. 3. DEFINITIONS.

    In this Act--
            (1) the term ``appropriate congressional committees'' 
        means--
                    (A) the Committee on Foreign Affairs and the 
                Committee on Science, Space, and Technology of the 
                House of Representatives; and
                    (B) the Committee on Foreign Relations and the 
                Committee on Commerce, Science, and Transportation of 
                the Senate;
            (2) the term ``country of concern'' means--
                    (A) the Russian Federation;
                    (B) the Republic of Cuba;
                    (C) Burma;
                    (D) the Democratic People's Republic of Korea;
                    (E) the Islamic Republic of Iran; and
                    (F) the People's Republic of China;
            (3) the term ``country of concern entity'' means--
                    (A) a foreign entity subject to the jurisdiction 
                of, or organized under the laws of, a country of 
                concern;
                    (B) a foreign entity that is more than 25 percent 
                owned, directed, controlled, financed, or influenced 
                directly or indirectly by the Government of the 
                People's Republic of China, the Chinese Communist 
                Party, or the Chinese military, including any entity 
                for which the Government of the People's Republic of 
                China, the Chinese Communist Party, or the Chinese 
                military has the ability, through ownership of a 
                majority or a dominant minority of the total 
                outstanding voting interest in the entity, board 
                representation, proxy voting, a special share, 
                contractual arrangements, formal or informal 
                arrangements to act in concert, or other means, to 
                determine, direct, or decide for the entity in an 
                important manner; or
                    (C) a foreign entity owned, directed, or controlled 
                by a foreign entity described in subparagraph (A) or 
                (B);
            (4) the term ``critical mineral''--
                    (A) means any mineral on the list of critical 
                minerals required by section 7002(c)(3) of the Energy 
                Act of 2020 (30 U.S.C. 1606(c)(3)) on or after January 
                1, 2026; and
                    (B) includes--
                            (i) Helium-3; and
                            (ii) Helium-4;
            (5) the term ``Director'' means the head of the program 
        appointed under section 101(b);
            (6) the term ``program'' means the Critical Minerals 
        Innovation Partnership Program established under section 
        101(a); and
            (7) the term ``Secretary'' means the Secretary of State.

       TITLE I--CRITICAL MINERALS INNOVATION PARTNERSHIP PROGRAM

SEC. 101. ESTABLISHMENT.

    (a) In General.--There is established in the Department of State a 
program, to be known as the ``Critical Minerals Innovation Partnership 
Program'', to support the development and adoption of critical minerals 
innovative technologies with countries and entities, through the 
establishment of partnerships with such countries and entities, in 
order to enhance the national security, support the economic 
competitiveness, and diversify the critical supply chains of the United 
States.
    (b) Director.--The Secretary--
            (1) shall appoint an individual to be the Director of the 
        program, who shall be responsible to the Under Secretary of 
        Economic Affairs for--
                    (A) matters pertaining to the administration and 
                implementation of the program, including coordinating 
                with the Federal agencies listed in section 105(a)(3); 
                and
                    (B) such other related duties as the Secretary may 
                from time to time designate; and
            (2) if the Secretary determines that it is appropriate, may 
        appoint the Director from among officers and employees of the 
        Department of State.

SEC. 102. ELIGIBILITY.

    (a) Countries.--The Secretary may take into account any 
considerations in the Secretary's discretion when considering whether a 
country is eligible to participate in the program, which may include--
            (1) the country is an allied or partner country as 
        described in section 2350a(a)(2) of title 10, United States 
        Code;
            (2) the Secretary determines that the country is 
        strategically or commercially important to the United States; 
        and
            (3) the Secretary determines that the country has the 
        capacity and commitment to participate in the program.
    (b) Entities.--The Secretary may take into account any 
considerations in the Secretary's discretion when considering whether 
an entity is eligible to participate in the program if the entity--
            (1) is--
                    (A) an institution of higher education (as such 
                term is defined in section 101(a) of the Higher 
                Education Act of 1965 (20 U.S.C. 1001(a)));
                    (B) a nonprofit institution;
                    (C) a federally funded research and development 
                center;
                    (D) a private sector entity; or
                    (E) a consortia of entities described in 
                subparagraphs (A) through (D); and
            (2) is not a foreign entity of concern (as such term is 
        defined in section 10612(a)(2) of the CHIPS Act of 2022 42 
        U.S.C. 19221(a)(2)).
    (c) Country Preference.--In selecting countries under subsection 
(a) to participate in the program, the Secretary shall, to the maximum 
extent practicable, give preference to countries that--
            (1) are a party to a trade or economic cooperation 
        agreement with the United States; or
            (2) participate in other bilateral or multilateral 
        initiatives, frameworks, or agreements that are identified by 
        the President as promoting United States foreign policy, 
        economic security, or national security objectives, including 
        normalization agreements, regional integration efforts, or 
        strategic economic partnerships.
    (d) Countries of Concern and Entities.--The Secretary may not 
establish partnerships with any country of concern or country of 
concern entity.

SEC. 103. NOTIFICATION AND BRIEFING.

    Not later than 30 days before entering into a partnership with a 
country or entity under the program, the Director shall--
            (1) notify the appropriate congressional committees 
        regarding the proposed partnership;
            (2) transmit to the appropriate congressional committees 
        the text of the partnership; and
            (3) provide to the appropriate congressional committees an 
        in-person briefing regarding the partnership.

SEC. 104. ELEMENTS.

    Each partnership with a country or entity participating in the 
program shall include the following elements:
            (1) Specific objectives that the country or entity and the 
        United States expect to achieve.
            (2) The responsibilities of the country or entity and the 
        United States in the achievement of such objectives.
            (3) Regular, quantitative benchmarks to measure, where 
        appropriate progress towards achieving such objectives.
            (4) A multiyear plan that--
                    (A) estimates the amount of contributions, 
                commitments, and other participation to be provided by 
                the United States and the country or entity;
                    (B) identifies proposed mechanisms to implement the 
                plan and provide oversight; and
                    (C) describes how the such objectives will be met, 
                including the role of the private sector or third 
                countries in the achievement of the objectives.
            (5) As appropriate, a description of the current and 
        potential participation of other donor countries or entities in 
        the achievement of such objectives.
            (6) A preferred method of dispute resolution, unless 
        already covered under a related Science and Technology 
        Agreement, with the country or entity.
            (7) A preferred method of intellectual property allocation, 
        unless already covered under a related Science and Technology 
        Agreement, with the country or entity.
            (8) General terms governing notification of the discovery 
        of potentially classifiable or otherwise controlled 
        information, unless already covered under a related Science and 
        Technology Agreement, country or entity.
            (9) As appropriate, a process or processes for 
        considering--
                    (A) solicited proposals; and
                    (B) unsolicited proposals by national, regional, 
                and local government and private corporations, 
                including, where applicable, the use of the digital 
                platform established under section 202 to facilitate 
                submission, review, and coordination of such proposals.

SEC. 105. RESPONSIBILITIES OF DIRECTOR.

    (a) In General.--The Director shall be responsible for--
            (1) establishing dialogue with the representatives of 
        countries and entities participating in the program to--
                    (A) evaluate proposals submitted through national 
                coordinators; and
                    (B) recommend joint funding, coordinated 
                procurement, or other joint efforts, as appropriate;
            (2) developing and maintaining multinational strategy and 
        roadmaps identifying vulnerabilities, capacity gaps, and 
        priority investment areas across emerging technology for 
        critical mineral supply chains;
            (3) directing the program, which may include the Centers of 
        Excellence established under title II, in consultation with 
        such Federal departments and agencies as the Secretary 
        determines relevant, to issue joint or coordinated 
        solicitations, including calls for proposals, grant challenge 
        programs, and co-funded initiatives, to address cross-cutting 
        challenges, which may include--
                    (A) identifying high-impact priorities, providing 
                technical assistance, and identifying priority 
                innovation, research, and development needs, and in 
                carrying out such activities the Director shall consult 
                with, as appropriate--
                            (i) the White House Office of Science and 
                        Technology policy; and
                            (ii) the Department of Energy with respect 
                        to the development of National Laboratory 
                        partnerships and identification of priority 
                        critical minerals innovation activities;
                    (B) aligning with the capabilities, constraints, 
                and priorities of United States financing agencies, and 
                in carrying out such activities the Director shall 
                consult with, as appropriate--
                            (i) the United States International 
                        Development Finance Corporation with respect to 
                        development finance support including 
                        feasibility funding, technical assistance, 
                        debt, equity, and political risk assurance for 
                        eligible projects;
                            (ii) the Export-Import Bank of the United 
                        States with respect to export credit and 
                        related financing for resulting United States 
                        export opportunities; and
                            (iii) the United States Trade and 
                        Development Agency with respect to project 
                        preparation, feasibility studies, pilot 
                        projects and technical assistance; and
                    (C) consulting with any other Federal agency that 
                the Secretary determines is appropriate, including--
                            (i) the National Science Foundation;
                            (ii) the Department of Defense;
                            (iii) the Department of Commerce;
                            (iv) the Department of Transportation;
                            (v) the National Security Council;
                            (vi) the National Aeronautics and Space 
                        Administration; and
                            (vii) the Department of the Treasury;
            (4) convening and coordinating governments of such 
        countries, international institutions, development agencies, 
        and trusted industry partners to align technical standards to 
        enable interoperable technology ecosystems consistent with 
        shared security and economic interests;
            (5) establishing mechanisms to aggregate and coordinate 
        demand for critical minerals and associated technologies among 
        domestic agencies, allied governments, and private sector 
        entities to enhance market certainty, enable long-term offtake 
        arrangements, and support investment in diversified and secure 
        supply chains;
            (6) articulating and recommending priority project areas 
        for execution by other relevant Federal departments and 
        agencies;
            (7) serving as the recipient for unsolicited proposals for 
        projects to be considered for inclusion in any partnership, by 
        national, regional, and local governments and private 
        companies;
            (8) coordinating safeguards and trust mechanisms, 
        including--
                    (A) eligibility criteria for such countries and 
                entities;
                    (B) establish data governance and security 
                protocols;
                    (C) supply chain transparency requirements;
                    (D) protections for sensitive technologies; and
                    (E) create monitoring, reporting and verification 
                approaches; and
            (9) monitoring outcomes and reporting on progress, 
        including metrics related to--
                    (A) supply chain resilience; and
                    (B) deployment timelines.
    (b) Contracts, Grants, and Cooperative Agreements.--The Director 
may--
            (1) enter into contracts for required technical support 
        related to partnerships with countries and entities 
        participating in the program; and
            (2) make grants and enter into cooperative agreements with 
        such countries and entities that are designated by the 
        Secretary as eligible to receive assistance under this 
        paragraph to increase the administrative and technical capacity 
        of such countries and entities to facilitate the development 
        and implementation of the partnerships.
    (c) Country Teams.--The Director is authorized to establish at 
United States overseas posts ``Country Teams'' with a designated lead 
to implement the partnerships with countries and entities participating 
in the program.

SEC. 106. STAFF.

    (a) Appointments.--The Director may make appointments, without 
regard to the provisions of sections 3309 through 3318 of title 5, 
United States Code, of candidates directly to positions in the 
competitive service, as defined in section 2102 of that title, 
including experts and highly qualified personnel to support deployment, 
integration, and commercialization of technology activities, to carry 
out the program.
    (b) Detailees.--The Director may--
            (1) request from heads of relevant Federal departments and 
        agencies, on a reimbursable basis, the detail of personnel to 
        the program, who--
                    (A) shall have relevant sectoral, financial, 
                technical, or regional expertise; and
                    (B) shall remain, for the purpose of preserving 
                such employee's allowances, privileges, rights, 
                seniority, and other benefits, an employee of the 
                agency from which the employee is detailed; and
            (2) further detail personnel of the program to relevant 
        Federal departments and agencies that are assisting in carrying 
        out the program.

                       TITLE II--RELATED MATTERS

SEC. 201. INTERNATIONAL CENTERS OF EXCELLENCE FOR INNOVATIVE CRITICAL 
              MINERALS SUPPLY CHAIN TECHNOLOGIES.

    (a) Establishment.--The Secretary shall seek to establish centers, 
to be known as ``International Centers of Excellence for Innovative 
Critical Minerals Supply Chain Technologies'', in entities 
participating in the program.
    (b) Purposes.--The purposes of the Centers shall be to--
            (1) advance the development, demonstration, and deployment 
        of innovative, responsible, and resource-efficient critical 
        minerals extraction, processing, and recycling technologies;
            (2) strengthen technical, regulatory, and institutional 
        capacity in such countries and entities;
            (3) promote transparency, traceability, and adherence to 
        internationally recognized environmental, labor, and human 
        rights standards; and
            (4) support secure, diversified, and resilient critical 
        minerals supply chains aligned with United States national and 
        economic security interests.
    (c) Activities.--The Centers may provide support for--
            (1) applied research, pilot projects, and demonstration 
        activities for innovative extraction and processing 
        technologies, including low-impact and non-traditional methods;
            (2) technical assistance and training to government 
        entities, academic institutions, and private sector partners;
            (3) cooperation among United States entities and country 
        institutions, including universities, national laboratories, 
        and industry;
            (4) the development and implementation of regulatory 
        frameworks that protect public health and safety, prevent 
        significant environmental harm, prevent the use of forced or 
        child labor, and improve mine site remediation and closure 
        practices; and
            (5) data-driven tools and digital systems to enhance 
        monitoring and reporting, including with respect to--
                    (A) supply chain traceability;
                    (B) operational resource and energy usage 
                efficiency metrics and lifecycle emissions accounting;
                    (C) measurements relating to air quality, water 
                quality, land use, and site remediation;
                    (D) identification and mitigation risks related to 
                labor or practices, community impact, or ecological 
                stewardship; and
                    (E) promoting beneficiation, value addition, and 
                the recycling and reuse of critical minerals.
    (d) Administration.--The Centers shall be administered by the 
Director of the Critical Minerals Innovation Partnership Program in 
coordination with relevant partner nations and the Federal agencies 
listed in section 105(a)(3).

SEC. 202. DIGITAL PLATFORM.

    (a) Establishment.--The Secretary shall establish and maintain a 
publicly accessible digital platform to facilitate participation by 
United States entities in activities carried out under the program.
    (b) Purpose.--The platform shall--
            (1) serve as a centralized clearinghouse of opportunities 
        for participation in the program, including solicitations, 
        funding opportunities, pilot projects, and collaborative 
        research initiatives;
            (2) provide a list of priority capability gaps, technical 
        challenges, and needs identified under paragraph (1);
            (3) enable United States entities, including early-stage 
        companies, small and medium-sized enterprises, venture-backed 
        firms, research institutions, and consortia, to identify, apply 
        for, and propose participation in such opportunities for 
        participation; and
            (4) support the submission of both solicited and 
        unsolicited project proposals on a rolling basis.
    (c) Startup and Emerging Technology Engagement.--In carrying out 
this section, the Secretary should--
            (1) ensure that early-stage and venture-backed companies 
        are actively considered for participation in partnerships and 
        funding opportunities;
            (2) develop mechanisms, as appropriate, to facilitate 
        matchmaking between United States entities and partner country 
        stakeholders, including industry, research institutions, and 
        government entities;
            (3) coordinate, as appropriate, with private sector 
        investors, accelerators, and innovation hubs to increase 
        awareness of opportunities under the program; and
            (4) as appropriate, consult with--
                    (A) the Foreign and Commercial Service;
                    (B) the United States Trade and Development Agency; 
                and
                    (C) the Deal Team Initiative.

SEC. 203. SENSE OF CONGRESS PROVISIONS.

    (a) Regarding the National Science and Technology Council.--It is 
the sense of Congress that--
            (1) the Director should serve as a liaison to the National 
        Science and Technology Council Subcommittee on International 
        Science and Technology Coordination for the purpose of--
                    (A) determining primary areas of cooperation that 
                are mutually beneficial to both the United States and 
                countries and entities participating in the program; 
                and
                    (B) when appropriate, creating an action plan to 
                carry out the implementation of the program; and
            (2) in carrying out paragraph (1), the Director and the 
        National Science and Technology Council are encouraged to 
        consult, as appropriate, with the National Academies of 
        Sciences, Engineering, and Medicine and other relevant 
        scientific and technical organizations to inform the 
        identification and selection of priority areas of cooperation.
    (b) Regarding Coordination With National Defense Technology and 
Industrial Base Council.--It is the sense of Congress that--
            (1) the Department of State, in coordination with the 
        countries and entities participating in the program, should 
        submit technologies supported under the program for 
        consideration to the National Defense Technology and Industrial 
        Base Council to accelerate the transition of commercial 
        technologies developed under the program from research and 
        development to operational deployment, government integration, 
        and commercial application; and
            (2) technologies should be considered by the Council if 
        they have been--
                    (A) created through the program and approved for 
                council submission by the United States and countries 
                and entities participating in the program; or
                    (B) determined to be eligible and submitted for 
                consideration by an allied country (as such term is 
                defined in section 2350a(a)(2) of title 10, United 
                States Code).

SEC. 204. ASSISTANCE FOR SCIENCE AND TECHNOLOGY COOPERATION; 
              LIMITATIONS.

    (a) Assistance for Science and Technology Cooperation.--Chapter 4 
of part II of the Foreign Assistance Act of 1961 (22 U.S.C. 2346 et 
seq.) is amended by adding at the end the following:

``SEC. 536. ASSISTANCE FOR SCIENCE AND TECHNOLOGY COOPERATION.

    ``(a) In General.--The President may furnish assistance under this 
part to countries and organizations, including national and regional 
institutions, to advance innovation, science, and technologies which 
advance scientific knowledge, enhance national security, support the 
commercial competitiveness of the United States.
    ``(b) Scope.--Assistance under this section may include financing 
for projects that demonstrate, deploy, and scale science and technology 
projects related to critical minerals and energy that result from 
cooperation, including--
            ``(1) advanced extraction technologies;
            ``(2) processing and refining technologies;
            ``(3) energy technologies;
            ``(4) materials science and mineral substitution;
            ``(5) recycling and recovery technologies;
            ``(6) advanced manufacturing integration;
            ``(7) data, mapping, and geological intelligence;
            ``(8) environmental and resource management technologies;
            ``(9) biotechnologies;
            ``(10) pilot and demonstration projects;
            ``(11) the development, construction, or operation of 
        shared pilot or demonstration facilities in coordination with 
        allied and partner countries;
            ``(12) activities that support the scale-up and 
        commercialization of technologies, including engineering, 
        testing, and integration into existing industrial systems;
            ``(13) partnerships with private sector entities to 
        accelerate the transition from pilot and demonstration phases 
        to full commercial deployment; and
            ``(14) other critical and emerging technologies, or 
        industry enabling science and technology which pertain to 
        critical mineral supply chains and that are central to the 
        economic prosperity, national security, and global leadership 
        of the United States.
    ``(c) Administration.--The President shall delegate responsibility 
for the implementation and management of assistance under this section 
to the Secretary of State.
    ``(d) Congressional Notification.--Not later than 15 days before 
the date on which funds are obligated for assistance under this 
section, the Secretary of State shall submit to the Committee on 
Foreign Relations of the Senate and the Committee on Foreign Affairs of 
the House of Representatives a notification that includes the amount 
and nature of the proposed assistance in accordance with the annual 
report pursuant to section 634A.''.
    (b) Authorization of Transfers.--
            (1) In general.--The Secretary is authorized to make 
        available, from amounts authorized to be appropriated under the 
        heading ``National Security Investment Programs'' in Acts 
        making appropriations for the Department of State, foreign 
        operations, and related programs or Acts making appropriations 
        for National Security, Department of State, and Related 
        Programs (including amounts authorized to be appropriated to 
        the Economic Resilience Initiative), amounts for the purpose of 
        establishing partnerships under the program with allied and 
        partner countries to promote allied research, innovation, and 
        rapid deployment of critical and emerging technologies in 
        support of United States and allied economic and national 
        security.
            (2) Consultation and notification.--The transfer authority 
        provided by this subsection is in addition to any other 
        transfer authority provided by law, and is subject to the 
        notification procedures under section 634A of the Foreign 
        Assistance Act of 1961.
            (3) Limitations.--
                    (A) Limitation relating to countries of concern.--
                The Secretary of State may not make transactions with 
                countries of concern under this subsection.
                    (B) Limitation relating to a country of concern 
                entities.--The Secretary of State may not make 
                transactions with or acquisitions of countries of 
                concern entities under this subsection.
                    (C) Limitation relating to the president and vice 
                president.--None of the funds authorized to be 
                appropriated or otherwise made available by this Act to 
                carry out this subsection may be obligated or expended 
                to provide any grant, contract, loan, other financial 
                assistance, or acquisition to an entity in which the 
                President, or an immediate family member (as such term 
                is defined in section 1128(j) of the Social Security 
                Act (42 U.S.C. 1320a-7(j))) of the President or Vice 
                President holds, directly or indirectly, any ownership 
                interest or serves in any managerial, officer, 
                director, or board capacity.

                           TITLE III--SUNSET

SEC. 301. TERMINATION OF AUTHORITY.

    The authorities provided under this Act and amendments made by this 
Act shall terminate on the date that is 10 years after the date of the 
enactment of this Act.

SEC. 302. CONTINUATION OF EXISTING AGREEMENTS.

    The termination under section 301 shall not apply to--
            (1) any bilateral or multilateral partnership, agreement, 
        grant, contract, or cooperative agreement entered into before 
        the termination date; or
            (2) any administrative or oversight activities necessary to 
        close out such agreements.

SEC. 303. USE OF FUNDS AFTER TERMINATION.

    Funds obligated before the termination date may continue to be 
expended after such date for the purposes for which they were 
originally authorized.
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