[Congressional Record Volume 170, Number 113 (Tuesday, July 9, 2024)]
[Senate]
[Pages S4303-S4304]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 2107. Mr. ROMNEY (for himself, Ms. Cortez Masto, Mr. Lankford, Mr.
Brown, Mr. Cornyn, and Mr. Young) submitted an amendment intended to be
proposed by him to the bill S. 4638, to authorize appropriations for
fiscal year 2025 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 D of title XII, add the following:
SEC. 1266. REPORT ON ECONOMIC INTEGRATION BETWEEN THE UNITED
STATES AND THE PEOPLE'S REPUBLIC OF CHINA AND
RISKS TO THE NATIONAL SECURITY OF THE UNITED
STATES.
(a) In General.--Not later than one year after the date of
the enactment of this Act, and every 3 years thereafter for
15 years, the President, acting through the Director of the
Office of Management and Budget (in this section referred to
as the ``Director'' ), and in consultation with the officials
specified in subsection (c), shall submit to Congress a
report on--
(1) the state of economic integration between the United
States and the People's Republic of China; and
(2) the risks that integration poses to the national
security interests of the United States.
(b) Elements.--Each report required by subsection (a) shall
include the following:
(1) An assessment of the current level of economic
integration between the United States and the People's
Republic of China in each priority sector.
(2) An assessment of how economic integration between the
United States and the People's Republic of China has changed
since 2000, and is predicted to change during the 3 years
following submission of the report, for each priority sector.
(3) An analysis of the extent to which the degree of
current or predicted economic integration between the United
States and the People's Republic of China in each priority
sector presents significant risks to the national security of
the United States. The
[[Page S4304]]
analysis with respect to each such sector shall address the
following:
(A) The sector's reliance on entities organized under the
laws of, or otherwise subject to the jurisdiction of, the
People's Republic of China, including entities owned or
controlled by the Government of the People's Republic of
China, for foreign direct investment and other sources of
financial capital.
(B) The sector's reliance on supply chains that have a
significant dependence on products or processes based in the
People's Republic of China.
(C) An assessment of the risks of intellectual property
theft or economic espionage by individuals or entities linked
to or subject to the control of the Government of the
People's Republic of China or the Chinese Communist Party.
(D) An assessment of the risks to the defense industrial
base of the United States.
(E) An assessment of the risks posed by the use of
subsidies and the dumping of goods into the customs territory
of the United States by entities in the People's Republic of
China, including entities owned or controlled by the
Government of the People's Republic of China.
(4) Recommendations for steps the United States Government
should take to mitigate the risks identified under paragraph
(3).
(5) Any other information the Director considers
appropriate.
(c) Officials Specified.--The officials specified in this
subsection are the following:
(1) The Secretary of State.
(2) The Secretary of the Treasury.
(3) The Secretary of Defense.
(4) The Attorney General.
(5) The Secretary of the Interior.
(6) The Secretary of Commerce.
(7) The Secretary of Health and Human Services.
(8) The Secretary of Energy.
(9) The Secretary of Homeland Security.
(10) The United States Trade Representative.
(11) The Director of National Intelligence.
(12) The Director of the National Science Foundation.
(13) The head of any other agency the Director considers
appropriate.
(d) Consultation Authority.--In developing a report
required by subsection (a), the Director may consult with any
nongovernmental entity that the Director considers necessary.
(e) Form of Report.--Each report required by subsection (a)
shall be submitted to Congress in unclassified form but may
include a classified annex.
(f) Applicability of FOIA.--Nothing in this section, or in
a report required by subsection (a), shall be construed to
allow the disclosure of information or a record that is
exempt from public disclosure under section 552 of title 5,
United States Code (commonly known as the ``Freedom of
Information Act'').
(g) Applicability of Paperwork Reduction Act.--Subchapter I
of chapter 35 of title 44, United States Code (commonly known
as the ``Paperwork Reduction Act''), shall not apply to this
section.
(h) Priority Sector Defined.--In this section, the term
``priority sector'' means one of the following elements of an
economy:
(1) Financial services.
(2) Critical minerals (as defined in section 7002(a) of the
Energy Act of 2020 (30 U.S.C. 1606(a))), including rare-earth
elements, that the Secretary of Defense determines to be
important to the national security of the United States.
(3) Semiconductors and microelectronics.
(4) Artificial intelligence.
(5) Communications, including telecommunications, social
media applications, satellites and other space-based systems,
and undersea cables.
(6) Quantum computing.
(7) Cloud-based systems, including computing services and
data storage.
(8) Biotechnology.
(9) Pharmaceuticals and medical technology, including
medical devices.
(10) Manufacturing processes, particularly casting,
machining, joining, and forming.
______