[Congressional Record Volume 168, Number 152 (Wednesday, September 21, 2022)]
[Senate]
[Pages S4932-S4933]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 5560. Mr. LANKFORD submitted an amendment intended to be proposed 
to amendment SA 5499 submitted by Mr. Reed (for himself and Mr. Inhofe) 
and intended to be proposed to the bill H.R. 7900, to authorize 
appropriations for fiscal year 2023 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 end of title XII, add the following:

[[Page S4933]]

  


             Subtitle G--Belt and Road Initiative Oversight

     SEC. 1281. SHORT TITLE.

       This subtitle may be cited as the ``Belt and Road Oversight 
     Act''.

     SEC. 1282. COUNTRY CHINA OFFICER.

       (a) Designation.--Not later than 60 days after the date of 
     the enactment of this Act, the Secretary of State shall 
     direct all Chiefs of Mission to designate not fewer than 1 
     Foreign Service Officer in a United States embassy or other 
     diplomatic post in each country with whom the United States 
     has diplomatic relations as the Country China Officer.
       (b) Duties.--Each Country China Officer shall monitor and 
     report on the activity of the People's Republic of China in 
     his or her country of responsibility, including capital 
     investment in critical infrastructure and other projects 
     associated with the Belt and Road Initiative.

     SEC. 1283. COMPREHENSIVE REVIEW OF BELT AND ROAD INITIATIVE 
                   PROJECTS.

       (a) Report.--Not later than 60 days after the date of the 
     enactment of this Act, the Secretary of State shall direct 
     all United States embassies to prepare a report that details 
     equity and assets within their country of operation that are 
     controlled by the Government of the People's Republic of 
     China. Each such report shall be prepared by a Country China 
     Officer designated pursuant to section 1282(a) and shall 
     include the information described in subsection (b).
       (b) Contents.--Each report required under subsection (a) 
     shall include--
       (1) an assessment of the respective country's overall debt 
     obligations to the People's Republic of China;
       (2) a list of known infrastructure projects in the 
     respective country that are financed from capital provided 
     by--
       (A) the banking system of the People's Republic of China, 
     including--
       (i) policy banks, including--

       (I) the China Development Bank;
       (II) the Export-Import Bank of China; and
       (III) the Agricultural Development Bank of China;

       (ii) state-owned commercial banks, including--

       (I) the Industrial and Commercial Bank of China;
       (II) the Agricultural Bank of China;
       (III) the China Construction Bank;
       (IV) the Bank of Communications Limited; and
       (V) the Bank of China;

       (iii) sovereign wealth funds, including--

       (I) the China Investment Corporation;
       (II) China Life Insurance Company;
       (III) the China National Social Security Fund; and
       (IV) the Silk Road Fund;

       (iv) urban commercial banks; and
       (v) rural financial institutions; and
       (B) international financing institutions, including--
       (i) the World Bank Group;
       (ii) the Asian Development Bank;
       (iii) the Asian Infrastructure Investment Bank; and
       (iv) the New Development Bank; and
       (C) any other financial institution or entity the China 
     Country Officer deems appropriate;
       (3) the identification of the infrastructure projects 
     referred to in paragraph (2) that are projects under the Belt 
     and Road Initiative;
       (4) any domestic vulnerabilities that the debts referred to 
     in paragraph (1) could exacerbate in the respective country;
       (5) a list of the known or speculated collateral listed by 
     the respective country for the debts incurred by Belt and 
     Road Initiative projects referred to in paragraph (2); and
       (6) a list of the known or speculated assets owned by 
     People's Republic of China entities, including 
     telecommunications and critical infrastructure.
       (c) Submission and Distribution of Report.--
       (1) Initial submission.--Not later than 1 year after the 
     date on which the Secretary of State issues the directive 
     described in subsection (a), the Chief of Mission in each 
     country shall submit the report required under subsection (a) 
     to the Under Secretary of State for Political Affairs.
       (2) Distribution.--The Under Secretary shall prepare and 
     distribute a report that includes all of the information from 
     the individual country reports received pursuant to paragraph 
     (1) to--
       (A) the heads of other Bureaus and agencies of the 
     Department of State, as appropriate;
       (B) the United States International Development Finance 
     Corporation;
       (C) the Committee on Foreign Relations of the Senate;
       (D) the Committee on Armed Services of the Senate;
       (E) the Select Committee on Intelligence of the Senate;
       (F) the Committee on Finance of the Senate;
       (G) the Committee on Foreign Affairs of the House of 
     Representatives;
       (H) the Committee on Armed Services of the House of 
     Representatives;
       (I) the Permanent Select Committee on Intelligence of the 
     House of Representatives; and
       (J) the Committee on Ways and Means of the House of 
     Representatives.

     SEC. 1284. NOTIFICATION OF FUTURE BELT AND ROAD INITIATIVE 
                   PROJECTS.

       After the reports required under section 1283 have been 
     prepared and submitted, the Secretary of State shall require 
     that each Country China Officer notify the Chief of Mission 
     of the respective Embassy and the China Desk at the 
     Department of State of any project described in section 
     1283(b)(2) not later than 30 days after the date on which the 
     Country China Officer is made aware of such project.

     SEC. 1285. ANNUAL COMPREHENSIVE REPORT OF BELT AND ROAD 
                   INITIATIVE PROJECTS.

       (a) In General.--In addition to the reports required under 
     section 1283 and the notifications required under section 
     1284, each Country China Officer shall submit an annual 
     report to the Under Secretary of State for Political Affairs, 
     through the Chief of Mission that contains all of findings 
     relating to Belt and Road Initiative projects described in 
     section 1283(b)(2) in the respective country during the 12-
     month reporting period.
       (b) Distribution.--The Under Secretary shall prepare and 
     distribute an annual report containing all of the information 
     from the reports received pursuant to subsection (a) to the 
     recipients described in section 1283(c)(2).

     SEC. 1286. ANNUAL STRATEGY TO COUNTER THE INFLUENCE OF THE 
                   PEOPLE'S REPUBLIC OF CHINA.

       (a) In General.--The Country China Officer at each 
     respective embassy, in consultation with the Chief of Mission 
     for the respective country, shall develop a comprehensive, 
     country-specific strategy to counter the influence of the 
     People's Republic of China within their country of 
     responsibility.
       (b) Use of Strategy.--The strategy developed pursuant to 
     subsection (a) shall be used to equip all personnel across 
     all embassies, consulates, and other diplomatic posts in the 
     respective country of responsibility to effectively counter 
     the influence of the People's Republic of China in their 
     respective context and country of responsibility.
       (c) Submission.--The Chief of Mission shall submit an 
     annual report to the Under Secretary of State for Political 
     Affairs that--
       (1) describes the implementation of the strategy developed 
     pursuant to subsection (a) during the reporting period; and
       (2) assesses specific challenges and opportunities relating 
     to the People's Republic of China in the respective country 
     of responsibility.
       (d) Distribution.--The Under Secretary shall submit an 
     annual report that summarizes the information contained in 
     the reports received pursuant to subsection (c) to the heads 
     of the Bureaus of the Department of State, as appropriate.

     SEC. 1287. PROCUREMENT PROJECTIONS.

       (a) Annual Report.--The Country China Officer at each 
     respective embassy, in consultation with other embassy 
     personnel, shall submit an annual report to the Under 
     Secretary of State for Political Affairs that--
       (1) describes the procurement and infrastructure needs of 
     their respective country of responsibility; and
       (2) assesses specific challenges and opportunities relating 
     to potential financing by the People's Republic of China for 
     procurement and infrastructure projects to meet such needs.
       (b) Distribution.--The Under Secretary shall submit an 
     annual report that summarizes the information contained in 
     the reports received pursuant to subsection (a) to--
       (1) the heads of the Bureaus of the Department of State, as 
     appropriate; and
       (2) the United States International Development Finance 
     Corporation.

     SEC. 1288. SENSE OF CONGRESS REGARDING DEVELOPMENT FINANCE.

       It is the sense of Congress that, as the People's Republic 
     of China's influence grows through infrastructure 
     (particularly infrastructure that can easily be shifted from 
     economic to military uses), the United States International 
     Development Finance Corporation should prioritize providing 
     alternative financing opportunities that increase port and 
     air field capacity of countries that--
       (1) meet the investment criteria set forth in the BUILD Act 
     of 2018 (division F of Public Law 115-254); and
       (2) are targets of the predatory infrastructure development 
     scheme of the People's Republic of China commonly known as 
     the Belt and Road Initiative.
                                 ______