[Congressional Record Volume 166, Number 117 (Thursday, June 25, 2020)]
[Senate]
[Page S3482]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2017. Mr. ROMNEY submitted an amendment intended to be proposed by 
him to the bill S. 4049, to authorize appropriations for fiscal year 
2021 for military activities of the Department of Defense, for military 
construction, and for defense activities of the Department of Energy, 
to prescribe military personnel strengths for such fiscal year, and for 
other purposes; which was ordered to lie on the table; as follows:

       At the end of subtitle G of title XII, add the following:

     SEC. 1287. MONITORING MINERAL INVESTMENTS UNDER BELT AND ROAD 
                   INITIATIVE OF PEOPLE'S REPUBLIC OF CHINA.

       (a) Report Required.--Not later than one year after the 
     date of the enactment of this Act, the Director of National 
     Intelligence, in consultation with the Secretary of Interior, 
     the Secretary of Energy, the Secretary of State, the 
     Secretary of Defense, the Secretary of Commerce, and the 
     United States Trade Representative, shall submit to the 
     appropriate congressional committees a report on investments 
     in minerals under the Belt and Road Initiative of the 
     People's Republic of China that includes an assessment of--
       (1) notable past mineral investments;
       (2) whether and how such investments have increased the 
     extent of control of minerals by the People's Republic of 
     China;
       (3) any efforts by the People's Republic of China to 
     counter or interfere with the goals of the Energy Resource 
     Governance Initiative of the Department of State; and
       (4) the strategy of the People's Republic of China with 
     respect to mineral investments.
       (b) Monitoring Mechanism.--In conjunction with each report 
     required by subsection (a), the Director shall submit to the 
     appropriate congressional committees a list of any minerals 
     with respect to which--
       (1) the People's Republic of China, directly or through the 
     Belt and Road Initiative--
       (A) is increasing its concentration of extraction and 
     processing;
       (B) is acquiring significant mining and processing 
     facilities;
       (C) is maintaining or increasing export restrictions; or
       (D) has achieved substantial control of the supply of 
     minerals used within an industry or related minerals; or
       (2) there is a significant difference between domestic 
     prices in the People's Republic of China as compared to 
     prices on international markets; or
       (3) there is a significant increase or volatility in price 
     as a result of the Belt and Road Initiative of the People's 
     Republic of China.
       (c) Annual Updates.--The Director shall update the report 
     required by subsection (a) and list required by subsection 
     (b) not less frequently than annually.
       (d) Form.--Each report or list required by this section 
     shall be submitted in unclassified form but may include a 
     classified annex.
       (e) Appropriate Congressional Committees Defined.--In this 
     section, the term ``appropriate congressional committees'' 
     means--
       (1) the Committee on Energy and Natural Resources, the 
     Committee on Foreign Relations, the Committee on Armed 
     Services, the Committee on Finance, the Committee on Homeland 
     Security and Governmental Affairs, and the Committee on 
     Appropriations of the Senate; and
       (2) the Committee on Energy and Commerce, the Committee on 
     Foreign Affairs, the Committee on Armed Services, the 
     Committee on Ways and Means, the Committee on Homeland 
     Security, and the Committee on Appropriations of the House of 
     Representatives.
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