[Congressional Record Volume 169, Number 123 (Tuesday, July 18, 2023)]
[Senate]
[Page S3028]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 866. Mr. MARSHALL submitted an amendment intended to be proposed 
by him to the bill S. 2226, to authorize appropriations for fiscal year 
2024 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 appropriate place in title XII, insert the 
     following:

     SEC. 12__. OFFICE OF STRATEGIC CAPITAL CHINESE COMPANY 
                   INVESTMENT PROHIBITION.

       Beginning on the date of the enactment of this Act, the 
     Office of Strategic Capital in the Office of the Under 
     Secretary of Defense for Research and Engineering may not 
     invest in or guarantee or otherwise facilitate any investment 
     in any entity--
       (1) incorporated under the laws of the People's Republic of 
     China; or
       (2) of which more than 50 percent is owned, directly or 
     indirectly, by--
       (A) citizens of the People's Republic of China;
       (B) entities incorporated under the laws of the People's 
     Republic of China; or
       (C) any combination of the individuals and entities 
     described in subparagraphs (A) and (B).
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