[Congressional Record Volume 168, Number 158 (Thursday, September 29, 2022)]
[Senate]
[Page S5944]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 6428. Mr. TOOMEY 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 the end of subtitle F of title XII, add the following:

     SEC. 1276. REPORT ON MALIGN ACTIVITY INVOLVING CHINESE STATE-
                   OWNED ENTERPRISES.

       (a) In General.--Not later than one year after the date of 
     the enactment of this Act, the President shall submit to the 
     appropriate congressional committees a report that--
       (1) assesses whether and to what extent state-owned 
     enterprises in the People's Republic of China are engaged in 
     or knowingly facilitating--
       (A) the commission of serious human rights abuses, 
     including toward religious or ethnic minorities in the 
     People's Republic of China, including in the Xinjiang Uyghur 
     Autonomous Region;
       (B) the use of forced or child labor, including forced or 
     child labor involving ethnic minorities in the People's 
     Republic of China;
       (C) any actions that erode or undermine the autonomy of 
     Hong Kong from the People's Republic of China, as established 
     in the Basic Law of Hong Kong and the Joint Declaration, and 
     as further described in the Hong Kong Autonomy Act (Public 
     Law 116-149; 22 U.S.C. 5701 note); or
       (D) the military-civil fusion strategy of the Government of 
     the People's Republic of China;
       (2) assesses, to the extent practicable, whether and to 
     what extent enterprises in the People's Republic of China 
     that are not state-owned enterprises are engaged in or 
     knowingly facilitating any of the activities described in 
     paragraph (1);
       (3) identifies--
       (A) any state-owned enterprises in the People's Republic of 
     China that are engaged in or knowingly facilitating any 
     activities described in paragraph (1);
       (B) any Communist Chinese military companies identified 
     under section 1237(b) of the Strom Thurmond National Defense 
     Authorization Act for Fiscal Year 1999 (Public Law 105-261; 
     50 U.S.C. 1701 note);
       (C) any majority-owned subsidiaries of such enterprises or 
     companies with a market capitalization of $5,000,000,000 or 
     more; and
       (D) any enterprises in the People's Republic of China 
     that--
       (i) are not state-owned enterprises;
       (ii) are engaged in or knowingly facilitating any 
     activities described in paragraph (1); and
       (iii) have received financial assistance from the United 
     States Government during the 5-year period preceding 
     submission of the report;
       (4)(A) assesses whether each enterprise, company, or 
     subsidiary identified under paragraph (2) received, during 
     the 5-year period preceding submission of the report, any 
     loan that is made, guaranteed, or insured by, or financial 
     assistance from, an agency of the United States Government; 
     and
       (B) in the case of any such enterprise, company, or 
     subsidiary that received a loan or financial assistance 
     described in subparagraph (A), identifies the amount of such 
     loan, loans, or financial assistance received by the 
     enterprise, company, or subsidiary; and
       (5) includes recommendations for any legislative or 
     administrative action to address matters identified in the 
     report, including any recommendations with respect to 
     additional limitations on United States financial assistance 
     provided to enterprises, companies, and subsidiaries 
     identified under paragraph (2).
       (b) Form of Report.--The report required by subsection (a) 
     shall be submitted in unclassified form but may include a 
     classified annex.
       (c) Definitions.--In this section:
       (1) Appropriate congressional committees.--The term 
     ``appropriate congressional committees'' means--
       (A) the Committee on Banking, Housing, and Urban Affairs 
     and the Committee on Foreign Relations of the Senate; and
       (B) the Committee on Financial Services and the Committee 
     on Foreign Affairs of the House of Representatives.
       (2) Joint declaration.--The term ``Joint Declaration'' 
     means the Joint Declaration of the Government of the United 
     Kingdom of Great Britain and Northern Ireland and the 
     Government of the People's Republic of China on the Question 
     of Hong Kong, done at Beijing December 19, 1984.
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