[Congressional Record Volume 166, Number 117 (Thursday, June 25, 2020)]
[Senate]
[Pages S3530-S3531]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 2100. Mr. CORNYN 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 X, add the following:
SEC. 1085. FUNDING FOR DEVELOPMENT AND ADOPTION OF SECURE
MICROELECTRONICS AND SECURE MICROELECTRONICS
SUPPLY CHAINS.
(a) Multilateral Microelectronics Security Fund.--
(1) Establishment of fund.--There is established in the
Treasury of the United States a trust fund, to be known as
the ``Multilateral Microelectronics Security Fund'' (in this
section referred to as the ``Fund''), consisting of amounts
deposited into the Trust Fund under paragraph (2) and any
amounts that may be credited to the Trust Fund under
paragraph (3).
(2) Authorization of appropriations.--There are authorized
to be appropriated $750,000,000 to be deposited in the Fund.
(3) Investment of amounts.--
(A) Investment of amounts.--The Secretary of the Treasury
shall invest such portion of the Fund as is not required to
meet current withdrawals in interest-bearing obligations of
the United States or in obligations guaranteed as to both
principal and interest by the United States.
(B) Interest and proceeds.--The interest on, and the
proceeds from the sale or redemption of, any obligations held
in the Fund shall be credited to and form a part of the Fund.
(4) Use of fund.--
(A) In general.--Subject to subparagraph (B), amounts in
the Fund shall be available, as provided in advance in an
appropriations Act, to the Secretary of State--
(i) to provide funding through the common funding mechanism
described in subsection (b)(1) to support the development and
adoption of secure microelectronics and secure
microelectronics supply chains; and
(ii) to otherwise carry out this section.
(B) Availability contingent on international agreement.--
Amounts in the Fund shall be available to the Secretary of
State on and after the date on which the Secretary enters
into an agreement with the governments of countries that are
partners of the United States to participate in the common
funding mechanism under paragraph (1) of subsection (b) and
the commitments described in paragraph (2) of that
subsection.
(5) Availability of amounts.--
(A) In general.--Amounts in the Fund shall remain available
through the end of the tenth fiscal year beginning after the
date of the enactment of this Act.
(B) Remainder to treasury.--Any amounts remaining in the
Fund after the end of the fiscal year described in
subparagraph (A) shall be deposited in the general fund of
the Treasury.
(b) Common Funding Mechanism for Development and Adoption
of Secure Microelectronics and Secure Microelectronics Supply
Chains.--
(1) In general.--The Secretary of State, in consultation
with the Secretary of Commerce, the Secretary of Defense, the
Secretary of Homeland Security, the Secretary of the
Treasury, and the Director of National Intelligence, shall
seek to establish a common funding mechanism, in coordination
with the governments of countries that are partners of the
United States, that uses amounts from the Fund, and amounts
committed by such governments, to support the development and
adoption of secure microelectronics and secure
microelectronics supply chains, including for use in research
and development collaborations among countries participating
in the common funding mechanism.
(2) Mutual commitments.--The Secretary of State, in
consultation with the United States Trade Representative and
the Secretary of Commerce, shall seek to negotiate a set of
mutual commitments with the governments of countries that are
partners of the United States upon which to condition any
expenditure of funds pursuant to the common funding mechanism
described in paragraph (1). Such commitments shall, at a
minimum--
(A) establish transparency requirements for any subsidies
or other financial benefits (including revenue foregone)
provided to microelectronics firms located in or outside such
countries;
(B) establish consistent policies with respect to countries
that--
(i) are not participating in the common funding mechanism;
and
(ii) do not meet transparency requirements established
under subparagraph (A);
(C) promote harmonized treatment of microelectronics and
verification processes for items being exported to a country
considered a national security risk by a country
participating in the common funding mechanism;
[[Page S3531]]
(D) establish a consistent policies and common external
policies to address nonmarket economies as the behavior of
such countries pertains to microelectronics; and
(E) align policies on supply chain integrity and
microelectronics security, including with respect to
protection and enforcement of intellectual property rights.
(c) Annual Report to Congress.--Not later than one year
after the date of the enactment of this Act, and annually
thereafter for each fiscal year during which amounts in the
Fund are available under subsection (a)(3), the Secretary of
State shall submit to Congress a report on the status of the
implementation of this section that includes a description
of--
(1) any commitments made by the governments of countries
that are partners of the United States to providing funding
for the common funding mechanism described in subsection
(b)(1) and the specific amount so committed;
(2) the criteria established for expenditure of funds
through the common funding mechanism;
(3) how, and to whom, amounts have been expended from the
Fund;
(4) amounts remaining in the Fund;
(5) the progress of the Secretary of State toward entering
into an agreement with the governments of countries that are
partners of the United States to participate in the common
funding mechanism and the commitments described in subsection
(b)(2); and
(6) any additional authorities needed to enhance the
effectiveness of the Fund in achieving the security goals of
the United States.
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