[Congressional Record Volume 167, Number 91 (Tuesday, May 25, 2021)]
[Senate]
[Page S3459]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2029. Mr. SULLIVAN submitted an amendment intended to be proposed 
to amendment SA 1502 proposed by Mr. Schumer to the bill S. 1260, to 
establish a new Directorate for Technology and Innovation in the 
National Science Foundation, to establish a regional technology hub 
program, to require a strategy and report on economic security, 
science, research, innovation, manufacturing, and job creation, to 
establish a critical supply chain resiliency program, and for other 
purposes; which was ordered to lie on the table; as follows:

        At the end of title I of division E, add the following:

     SEC. 5105. SENSE OF CONGRESS REGARDING CORPORATE AND 
                   FINANCIAL DEALINGS BY AMERICANS WITH THE 
                   CHINESE COMMUNIST PARTY.

       (a) In General.--It is the sense of Congress that United 
     States corporate, business, university, and financial 
     entities, organizations, and their senior executives, all of 
     which benefit from United States capital markets and the 
     protection of our Nation's laws and military--
       (1) should not engage in any activity, in the course of 
     their dealings with the People's Republic of China, that 
     would harm the United States or its allies, after considering 
     the long term ethical, fiduciary, and competitiveness 
     implications of such activity;
       (2) should not enter into trades of sensitive technology or 
     products, transfers of intellectual property, or monetary 
     investment (whether directly or indirectly) with the Chinese 
     Communist Party, entities owned or controlled by the Chinese 
     Communist Party, the People's Liberation Army, or for the 
     benefit of any key industrial sector supported by the Chinese 
     Communist Party if such dealings would--
       (A) allow the Chinese Communist Party or People's 
     Liberation Army to gain a comparative military advantage or 
     advantage in the global economy;
       (B) allow the Chinese Communist Party to stifle human 
     freedom or perfect its technologically enabled police state 
     at home and abroad;
       (C) negatively impact the United States' competitiveness 
     and national security; or
       (D) would be counter to the objectives of this Act.
       (b) Key Industrial Sectors.--Examples of key industrial 
     sectors referred to in subsection (a) are--
       (1) information technology;
       (2) artificial intelligence;
       (3) the internet of things;
       (4) smart appliances;
       (5) robotics;
       (6) machine learning;
       (7) energy;
       (8) aerospace engineering;
       (9) ocean engineering;
       (10) railway equipment;
       (11) power equipment;
       (12) new materials;
       (13) pharmaceuticals;
       (14) biomedicine;
       (15) medical devices; and
       (16) agricultural machinery.
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