[Congressional Record Volume 170, Number 115 (Thursday, July 11, 2024)]
[Senate]
[Pages S4845-S4848]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2520. Mr. RUBIO 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 title XII, add the following:

  Subtitle G--Uyghur Genocide Accountability and Sanctions Act of 2024

     SEC. 1291. SHORT TITLE.

       This subtitle may be cited as the ``Uyghur Genocide 
     Accountability and Sanctions Act of 2024''.

     SEC. 1292. EXPANSION OF SANCTIONS UNDER UYGHUR HUMAN RIGHTS 
                   POLICY ACT OF 2020.

       (a) In General.--Section 6 of the Uyghur Human Rights 
     Policy Act of 2020 (Public Law 116-145; 22 U.S.C. 6901 note) 
     is amended--
       (1) in subsection (a)--
       (A) in paragraph (1)--
       (i) in the matter preceding subparagraph (A), by striking 
     ``persons in Xinjiang Uyghur Autonomous Region'' and 
     inserting ``persons residing in the Xinjiang Uyghur 
     Autonomous Region or members of those groups in countries 
     outside of the People's Republic of China'';
       (ii) by inserting after subparagraph (F) the following:
       ``(G) Systematic rape, coercive abortion, forced 
     sterilization, or involuntary contraceptive implantation 
     policies and practices.
       ``(H) Human trafficking for the purpose of organ removal.
       ``(I) Forced separation of children from their parents to 
     be placed in boarding schools.
       ``(J) Forced deportation or refoulement to the People's 
     Republic of China.'';
       (B) by redesignating paragraph (2) as paragraph (3); and
       (C) by inserting after paragraph (1) the following:
       ``(2) Additional matters to be included.--The President 
     shall include in the report required by paragraph (1) an 
     identification of--
       ``(A) each foreign person that knowingly provides 
     significant goods, services, or technology to or for a person 
     identified in the report; and
       ``(B) each foreign person that knowingly engages in a 
     significant transaction relating to any of the acts described 
     in subparagraphs (A) through (J) of paragraph (1).'';
       (2) in subsection (b), by striking ``subsection (a)(1)'' 
     and inserting ``subsection (a)''; and
       (3) by amending subsection (d) to read as follows:
       ``(d) Implementation; Regulatory Authority.--
       ``(1) Implementation.--The President may exercise all 
     authorities provided under section 203 of the International 
     Emergency Economic Powers Act (50 U.S.C. 1702) to carry out 
     this section.
       ``(2) Regulatory authority.--The President shall issue such 
     regulations, licenses, and orders as necessary to carry out 
     this section.''.
       (b) Effective Date; Applicability.--The amendments made by 
     this section--
       (1) take effect on the date of the enactment of this Act; 
     and
       (2) apply with respect to the first report required by 
     section 6(a)(1) of the Uyghur Human Rights Policy Act of 2020 
     submitted after such date of enactment.

     SEC. 1293. SENSE OF CONGRESS ON APPLICATION OF SANCTIONS 
                   UNDER UYGHUR HUMAN RIGHTS POLICY ACT OF 2020.

       (a) Finding.--Congress finds that, as of the date of the 
     enactment of this Act--
       (1) the report required by section 6(a)(1) of the Uyghur 
     Human Rights Policy Act of 2020 (Public Law 116-145; 22 
     U.S.C. 6901 note) has not been submitted to Congress; and
       (2) the sanctions provided for under that Act have not been 
     employed.
       (b) Sense of Congress.--It is the sense of Congress that 
     the President should employ the sanctions provided for under 
     the Uyghur Human Rights Policy Act of 2020--
       (1) to address ongoing atrocities, in particular the use of 
     forced labor, in the Xinjiang Uyghur Autonomous Region of the 
     People's Republic of China; and
       (2) to hold officials of the People's Republic of China 
     accountable for those ongoing atrocities.

     SEC. 1294. DENIAL OF UNITED STATES ENTRY FOR INDIVIDUALS 
                   COMPLICIT IN FORCED ABORTIONS OR FORCED 
                   STERILIZATIONS.

       Section 801 of the Admiral James W. Nance and Meg Donovan 
     Foreign Relations Authorization Act, Fiscal Years 2000 and 
     2001 (Public Law 106-113; 8 U.S.C. 1182e) is amended--
       (1) in subsection (a), by striking ``may not'' each place 
     it appears and inserting ``shall not'';
       (2) by striking subsection (c) and inserting the following:
       ``(c) Waiver.--The Secretary of State may waive the 
     prohibitions in subsection (a) with respect to a foreign 
     national if the Secretary--
       ``(1) determines that--
       ``(A) the foreign national is not directly complicit in 
     atrocities, specifically the oversight of programs or 
     policies the intent of which is to destroy, in whole or in 
     part, a national, ethnic, racial, or religious group

[[Page S4846]]

     through the use of forced sterilization, forced abortion, or 
     other egregious population control policies;
       ``(B) admitting or paroling the foreign national into the 
     United States is necessary--
       ``(i) to permit the United States to comply with the 
     Agreement regarding the Headquarters of the United Nations, 
     signed at Lake Success on June 26, 1947, and entered into 
     force November 21, 1947, between the United Nations and the 
     United States, or other applicable international obligations 
     of the United States; or
       ``(ii) to carry out or assist law enforcement activity of 
     the United States; and
       ``(C) it is important to the national security interest of 
     the United States to admit or parole the foreign national 
     into the United States; and
       ``(2) provides written notification to the appropriate 
     congressional committees containing a justification for the 
     waiver.
       ``(d) Notice.--The Secretary of State shall make a public 
     announcement whenever the prohibitions under subsection (a) 
     are imposed under this section.
       ``(e) Information Requested by Congress.--The Secretary of 
     State, upon the request of a Member of Congress, shall 
     provide--
       ``(1) information about the use of the prohibitions under 
     subsection (a), including the number of times such 
     prohibitions were imposed, disaggregated by country and by 
     year; or
       ``(2) a classified briefing that includes information about 
     the individuals subject to such prohibitions or subject to 
     sanctions under any other Act authorizing the imposition of 
     sanctions with respect to the conduct of such individuals.''.

     SEC. 1295. PHYSICAL AND PSYCHOLOGICAL SUPPORT FOR UYGHURS, 
                   KAZAKHS, AND OTHER ETHNIC GROUPS.

       (a) Authorization.--
       (1) In general.--Using funds appropriated to the Department 
     of State in annual appropriations bills under the heading 
     ``development assistance'', the Secretary of State, in 
     conjunction and in consultation with the Administrator of the 
     United States Agency for International Development, is 
     authorized, subject to the requirements under chapters 1 and 
     10 of part I of the Foreign Assistance Act of 1961 (22 U.S.C. 
     2151 et seq.) and section 634A of such Act (22 U.S.C. 2394-
     1)--
       (A) to provide the assistance described in paragraph (2) to 
     individuals who--
       (i) belong to the Uyghur, Kazakh, Kyrgyz, or another 
     oppressed ethnic group in the People's Republic of China;
       (ii) experienced torture, forced sterilization, rape, 
     forced abortion, forced labor, or other atrocities in the 
     People's Republic of China; and
       (iii) are residing outside of the People's Republic of 
     China; and
       (B) to build local capacity for the care described in 
     subparagraph (A) through--
       (i) grants to treatment centers and programs in foreign 
     countries in accordance with section 130(b) of the Foreign 
     Assistance Act of 1961 (22 U.S.C. 2152(b)); and
       (ii) research and training to health care providers outside 
     of such treatment centers or programs in accordance with 
     section 130(c)(2) of such Act.
       (2) Authorized assistance.--The assistance described in 
     this paragraph is--
       (A) medical care;
       (B) physical therapy; and
       (C) psychological support.
       (b) Report.--Not later than 1 year after the date of the 
     enactment of this Act, the Secretary of State shall submit a 
     report to the Committee on Foreign Relations of the Senate 
     and the Committee on Foreign Affairs of the House of 
     Representatives that describes--
       (1) the direct care or services provided in foreign 
     countries for individuals described in subsection (a)(1)(A); 
     and
       (2) any projects started or supported in foreign countries 
     to provide the care or services described in paragraph (1).
       (c) Federal Share.--Not more than 50 percent of the costs 
     of providing the assistance authorized under subsection (a) 
     may be paid by the United States Government.

     SEC. 1296. PRESERVATION OF CULTURAL AND LINGUISTIC HERITAGE 
                   OF ETHNIC GROUPS OPPRESSED BY THE PEOPLE'S 
                   REPUBLIC OF CHINA.

       (a) Finding.--Congress finds that the genocide perpetrated 
     by officials of the Government of the People's Republic of 
     China in the Xinjiang Uyghur Autonomous Region aims to erase 
     the distinct cultural and linguistic heritage of oppressed 
     ethnic groups.
       (b) Sense of Congress.--It is the sense of Congress that 
     the United States Government should use its diplomatic, 
     development, and cultural activities to promote the 
     preservation of cultural and linguistic heritages of ethnic 
     groups in the People's Republic of China threatened by the 
     Chinese Communist Party.
       (c) Report Required.--Not later than one year after the 
     date of the enactment of this Act, the Secretary of State, in 
     consultation with the Administrator of the United States 
     Agency for International Development, shall submit to the 
     Committee on Foreign Relations of the Senate and the 
     Committee on Foreign Affairs of the House of Representatives 
     a report that assesses the feasibility of establishing a 
     grant program to assist communities facing threats to their 
     cultural and linguistic heritage from officials of the 
     Government of the People's Republic of China.
       (d) Authorization of Appropriations.--There is authorized 
     to be appropriated $2,000,000 for each of fiscal years 2024 
     through 2027, to support the establishment of a Repressed 
     Cultures Preservation Initiative within the Smithsonian 
     Institution to pool Institution-wide efforts toward research, 
     exhibitions, and education related to the cultural and 
     linguistic heritage of ethnic and religious groups the 
     cultures of which are threatened by repressive regimes, 
     including the Chinese Communist Party.

     SEC. 1297. DETERMINATION OF WHETHER ACTIONS OF CERTAIN 
                   CHINESE ENTITIES MEET CRITERIA FOR IMPOSITION 
                   OF SANCTIONS.

       (a) In General.--Not later than 60 days after the date of 
     the enactment of this Act, the Secretary of the Treasury, in 
     consultation with the Secretary of State and the Attorney 
     General, shall--
       (1) determine whether any entity specified in subsection 
     (b)--
       (A) is responsible for or complicit in, or has directly or 
     indirectly engaged in, serious human rights abuses against 
     Uyghurs or other predominantly Muslim ethnic groups in the 
     Xinjiang Uyghur Autonomous Region of the People's Republic of 
     China; or
       (B) meets the criteria for the imposition of sanctions 
     under--
       (i) the Global Magnitsky Human Rights Accountability Act 
     (22 U.S.C. 10101 et seq.);
       (ii) section 6 of the Uyghur Human Rights Policy Act of 
     2020 (Public Law 116-145; 22 U.S.C. 6901 note);
       (iii) section 105, 105A, 105B, or 105C of the Comprehensive 
     Iran Sanctions, Accountability, and Divestment Act of 2010 
     (22 U.S.C. 8514, 8514a, 8514b, and 8514c);
       (iv) Executive Order 13818 (50 U.S.C. 1701 note; relating 
     to blocking the property of persons involved in serious human 
     rights abuse or corruption), as amended on or after the date 
     of the enactment of this Act; or
       (v) Executive Order 13553 (50 U.S.C. 1701 note; relating to 
     blocking property of certain persons with respect to serious 
     human rights abuses by the Government of Iran and taking 
     certain other actions), as amended on or after the date of 
     the enactment of this Act;
       (2) if the Secretary of the Treasury determines under 
     paragraph (1) that an entity is responsible for or complicit 
     in, or has directly or indirectly engaged in, serious human 
     rights abuses described in subparagraph (A) of that paragraph 
     or meets the criteria for the imposition of sanctions 
     described in subparagraph (B) of that paragraph, include the 
     entity on the list of specially designated nationals and 
     blocked persons maintained by the Office of Foreign Assets 
     Control; and
       (3) submit to Congress a report on that determination that 
     includes the reasons for the determination.
       (b) Entities Specified.--An entity specified in this 
     subsection is any of the following:
       (1) Hangzhou Hikvision Digital Technology Co., Ltd.
       (2) Shenzhen Huada Gene Technology Co., Ltd. (BGI Group).
       (3) Tiandy Technologies Co., Ltd.
       (4) Zhejiang Dahua Technology Co., Ltd.
       (5) China Electronics Technology Group Co.
       (6) Zhejiang Uniview Technologies Co., Ltd.
       (7) ByteDance Ltd.
       (c) Form of Report.--The report required by subsection 
     (a)(3) shall be submitted in unclassified form, but may 
     include a classified annex.

     SEC. 1298. COUNTERING PROPAGANDA FROM THE PEOPLE'S REPUBLIC 
                   OF CHINA ABOUT GENOCIDE.

       (a) In General.--Not later than 30 days after the date of 
     the enactment of this Act, the Secretary of State, in 
     conjunction with the United States Agency for Global Media, 
     shall submit a strategy to the Committee on Foreign Relations 
     of the Senate and the Committee on Foreign Affairs of the 
     House of Representatives for countering propaganda and other 
     messaging from news and information sources associated with 
     the Government of the People's Republic of China or entities 
     associated with the Chinese Communist Party or influenced by 
     the Chinese Communist Party or the Government of the People's 
     Republic of China that--
       (1) deny the genocide, crimes against humanity, and other 
     egregious human rights abuses experienced by Uyghurs and 
     other predominantly Muslim ethnic groups in the Xinjiang 
     Uyghur Autonomous Region;
       (2) spread propaganda regarding the role of the United 
     States Government in imposing economic and reputational costs 
     on the Chinese Communist Party or the Government of the 
     People's Republic of China for its ongoing genocide;
       (3) target Uyghurs and other people who publicly oppose the 
     Government of the People's Republic of China's genocidal 
     policies and forced labor practices, including the detention 
     and intimidation of their family members; or
       (4) increase pressure on member countries of the United 
     Nations to deny or defend genocide or other egregious 
     violations of internationally recognized human rights in the 
     People's Republic of China within international organizations 
     and multilateral fora, including at the United Nations Human 
     Rights Council.
       (b) Strategy Elements.--The strategy required under 
     subsection (a) shall include--
       (1) existing messaging strategies and specific broadcasting 
     efforts to counter the propaganda described in paragraphs (1) 
     and (2) of subsection (a) and the reach of such

[[Page S4847]]

     strategies and efforts to audiences targeted by such 
     propaganda;
       (2) specific metrics used for determining the success or 
     failure of the messaging strategies and broadcasting efforts 
     described in paragraph (1) and an analysis of the impact of 
     such strategies and efforts;
       (3) a description of any new or pilot messaging strategies 
     and broadcasting efforts expected to be implemented during 
     the 12-month period beginning on the date of the enactment of 
     this Act and an explanation of the need for such strategies 
     and efforts;
       (4) measurable goals to be completed during the 12-month 
     period beginning on the date of the enactment of this Act and 
     tangible outcomes for expanding broadcasting efforts and 
     countering propaganda; and
       (5) estimates of additional funding needed to counter the 
     propaganda described in paragraphs (1) and (2) of subsection 
     (a).
       (c) Funding.--The Secretary of State is authorized to use 
     amounts made available for the Countering PRC Influence Fund 
     under section 7043(c)(2) of the Department of State, Foreign 
     Operations, and Related Programs Appropriations Act, 2022 
     (division K of Public Law 117-103) to develop and carry out 
     the strategy required under subsection (a).

     SEC. 1299. DOCUMENTING ATROCITIES IN THE XINJIANG UYGHUR 
                   AUTONOMOUS REGION.

       The Secretary of State and the Administrator of the United 
     States Agency for International Development may provide 
     assistance, including financial and technical assistance, as 
     necessary and appropriate, to support the efforts of 
     entities, including nongovernmental organizations with 
     expertise in international criminal investigations and law, 
     to address genocide, crimes against humanity, and their 
     constituent crimes by the Government of the People's Republic 
     of China by--
       (1) collecting, documenting, and archiving evidence, 
     including the testimonies of victims and visuals from social 
     media, and preserving the chain of custody for such evidence;
       (2) identifying suspected perpetrators of genocide and 
     crimes against humanity;
       (3) conducting criminal investigations of atrocity crimes, 
     including by developing indigenous investigative and judicial 
     skills through partnerships, direct mentoring, and providing 
     the necessary equipment and infrastructure to effectively 
     adjudicate cases for use in prosecutions in domestic courts, 
     hybrid courts, and internationalized domestic courts;
       (4) supporting investigations conducted by foreign 
     countries, civil society groups, and multilateral 
     organizations, such as the United Nations; and
       (5) supporting and protecting witnesses participating in 
     such investigations.

     SEC. 1300. PROHIBITION ON CERTAIN UNITED STATES GOVERNMENT 
                   AGENCY CONTRACTS.

       (a) Prohibition.--The head of an executive agency may not 
     enter into a contract for the procurement of goods or 
     services with or for any of the following:
       (1) Any person identified in the report required by section 
     6(a)(1) of the Uyghur Human Rights Policy Act of 2020 (Public 
     Law 116-145; 22 U.S.C. 6901 note).
       (2) Any person that mined, produced, or manufactured goods, 
     wares, articles, and merchandise detained and denied entry 
     into the United States by U.S. Customs and Border Protection 
     pursuant to section 3 of the Act entitled ``An Act to ensure 
     that goods made with forced labor in the Xinjiang Autonomous 
     Region of the People's Republic of China do not enter the 
     United States market, and for other purposes'', approved 
     December 23, 2021 (Public Law 117-78; 22 U.S.C. 6901 note) 
     (commonly referred to as the ``Uyghur Forced Labor Prevention 
     Act'').
       (3) Any person that the head of the executive agency 
     determines, with the concurrence of the Secretary of State, 
     facilitates the genocide and human rights abuses occurring in 
     the Xinjiang Uyghur Autonomous Region of the People's 
     Republic of China.
       (4) Any person, program, project, or activity that--
       (A) contributes to forced labor, particularly through the 
     procurement of any goods, wares, articles, and merchandise 
     mined, produced, or manufactured wholly, or in part, in the 
     Xinjiang Uyghur Autonomous Region or by the forced labor of 
     ethnic Uyghurs or other persecuted individuals or groups in 
     the People's Republic of China; or
       (B) violates internationally recognized labor rights of 
     individuals or groups in the People's Republic of China.
       (b) Consultations.--The head of each executive agency shall 
     consult with the Forced Labor Enforcement Task Force, 
     established under section 741 of the United States-Mexico-
     Canada Agreement Implementation Act (19 U.S.C. 4681), with 
     respect to the implementation of subsection (a)(2).
       (c) Report Required.--Not later than 180 days after the 
     date of the enactment of this Act, the President shall submit 
     a report on the implementation of this section to--
       (1) the Committee on Finance, the Committee on Foreign 
     Relations, and the Committee on Homeland Security and 
     Governmental Affairs of the Senate; and
       (2) the Committee on Ways and Means, the Committee on 
     Foreign Affairs, and the Committee on Oversight and 
     Accountability of the House of Representatives.
       (d) Executive Agency Defined.--In this section, the term 
     ``executive agency'' has the meaning given the term in 
     section 133 of title 41, United States Code.

     SEC. 1301. DISCLOSURES TO SECURITIES AND EXCHANGE COMMISSION 
                   OF CERTAIN ACTIVITIES RELATED TO XINJIANG 
                   UYGHUR AUTONOMOUS REGION.

       (a) Amendment of Requirements for Applications To Register 
     on National Securities Exchanges.--Section 12 of the 
     Securities Exchange Act of 1934 (15 U.S.C. 78l) is amended by 
     adding at the end the following:
       ``(m) Reporting of Certain Activities Relating to the 
     Xinjiang Uyghur Autonomous Region.--
       ``(1) Definition.--In this subsection, the term `covered 
     entity' means any entity that is--
       ``(A) engaged in providing technology or other assistance 
     to create mass-population surveillance systems in the 
     Xinjiang Uyghur Autonomous Region of the People's Republic of 
     China;
       ``(B) an entity operating in the People's Republic of China 
     that is on the Entity List maintained by the Bureau of 
     Industry and Security of the Department of Commerce and set 
     forth in Supplement No. 4 to part 744 of title 15, Code of 
     Federal Regulations;
       ``(C) an individual residing in the People's Republic of 
     China or an entity operating in the People's Republic of 
     China that is on the list of specially designated nationals 
     and blocked persons maintained by the Office of Foreign 
     Assets Control of the Department of the Treasury;
       ``(D) constructing or operating detention facilities for 
     Uyghurs in the Xinjiang Uyghur Autonomous Region;
       ``(E) a foreign person identified in the report submitted 
     under section 5(c) of the Act entitled `An Act to ensure that 
     goods made with forced labor in the Xinjiang Autonomous 
     Region of the People's Republic of China do not enter the 
     United States market, and for other purposes', approved 
     December 23, 2021 (Public Law 117-78; 22 U.S.C. 6901 note) 
     (commonly referred to, and referred to in this subsection, as 
     the `Uyghur Forced Labor Prevention Act');
       ``(F) engaged in the `pairing assistance' program that 
     subsidizes the establishment of manufacturing facilities in 
     the Xinjiang Uyghur Autonomous Region;
       ``(G) the Xinjiang Production and Construction Corps;
       ``(H) operating in the People's Republic of China and 
     producing goods subject to a withhold release order issued by 
     U.S. Customs and Border Protection pursuant to section 307 of 
     the Tariff Act of 1930 (19 U.S.C. 1307);
       ``(I) on a list required by clause (i), (ii), (iv), or (v) 
     of section 2(d)(2)(B) of the Uyghur Forced Labor Prevention 
     Act;
       ``(J) any person the property and interests in property of 
     which have been blocked, pursuant to the International 
     Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) or any 
     other provision of law, for actions relating to the detention 
     or abuse of Uyghurs and other predominantly Muslim ethnic 
     groups in the Xinjiang Uyghur Autonomous Region;
       ``(K) an individual residing in the People's Republic of 
     China, or an entity operating in the People's Republic of 
     China, the property and interests in property of which have 
     been blocked pursuant to section 1263 of the Global Magnitsky 
     Human Rights Accountability Act (22 U.S.C. 10102);
       ``(L) any person responsible for, or complicit in, the 
     commission of atrocities in the Xinjiang Uyghur Autonomous 
     Region; or
       ``(M) an affiliate of an entity described in any of 
     subparagraphs (A) through (L).
       ``(2) Issuance of rules.--Not later than 180 days after the 
     date of enactment of this subsection, the Commission shall 
     issue rules--
       ``(A) to require an issuer filing an application to 
     register a security with a national securities exchange--
       ``(i) to include in the application the documentation 
     described in paragraph (3); and
       ``(ii) to file the application and documentation with the 
     Commission;
       ``(B) to require an issuer to file a report with the 
     Commission containing the documentation described in 
     paragraph (3) if the securities of the issuer are not listed 
     on a national securities exchange and merges with another 
     issuer, the securities of which are listed on such an 
     exchange; and
       ``(C) to require an issuer filing a registration statement 
     under subsection (g) to include with that statement the 
     documentation described in paragraph (3).
       ``(3) Documentation required.--
       ``(A) Significant transactions.--With respect to an issuer, 
     the documentation described in this paragraph is 
     documentation showing that neither the issuer nor any 
     affiliate of the issuer, directly or indirectly, has engaged 
     in a significant transaction with a covered entity.
       ``(B) Transparent documentation of supply chain links.--In 
     issuing rules under paragraph (2), in addition to the 
     documentation required under subparagraph (A), the Commission 
     shall also require an issuer to which those rules apply to 
     document the name (in English and in the most commonly spoken 
     language of the country in which the issuer is incorporated, 
     if other than English) and address of, and sourcing 
     quantities from, each smelter, refinery, farm, or 
     manufacturing facility (as appropriate)--
       ``(i) with which the issuer has a business relationship; 
     and
       ``(ii) that is owned or operated by--

       ``(I) a person located in the Xinjiang Uyghur Autonomous 
     Region; or
       ``(II) a person working with the Government of the Xinjiang 
     Uyghur Autonomous Region to recruit, transport, transfer, 
     harbor, or receive labor of Uyghurs, Kazakhs, Kyrgyz, or 
     members of other persecuted

[[Page S4848]]

     groups out of the Xinjiang Uyghur Autonomous Region.

       ``(4) Independent verification of documentation.--In 
     issuing rules under paragraph (1), the Commission shall--
       ``(A) require an issuer to obtain independent verification 
     of the documentation described in paragraph (3) by a third-
     party auditor approved by the Commission, before the filing 
     of an application, report, or registration statement 
     containing the documentation; and
       ``(B) require that the identity of the third-party auditor 
     described in subparagraph (A) remain confidential.
       ``(5) Public availability of documentation.--The Commission 
     shall make all documentation received under this subsection 
     available to the public.
       ``(6) Penalty.--With respect to an application or report 
     described in paragraph (2), if an issuer fails to comply with 
     the requirements of this subsection (including any 
     misrepresentation of the information described in paragraph 
     (3))--
       ``(A) in the case of an application described in paragraph 
     (2)(A)--
       ``(i) the applicable national securities exchange may not 
     approve the application; and
       ``(ii) the issuer may not refile the application for 1 
     year; and
       ``(B) in the case of a report described in paragraph (1)(B) 
     or a registration statement described in paragraph (1)(C)--
       ``(i) the President shall--

       ``(I) make a determination with respect to whether--

       ``(aa) the Secretary of the Treasury should initiate an 
     investigation with respect to the imposition of sanctions 
     under the Global Magnitsky Human Rights Accountability Act 
     (22 U.S.C. 10101 et seq.); or
       ``(bb) the Attorney General should initiate an 
     investigation under any provision of law intended to hold 
     accountable individuals or entities involved in the 
     importation of goods produced using forced labor, including 
     section 545, 1589, or 1761 of title 18, United States Code; 
     and

       ``(II) not later than 180 days after initiating an 
     investigation described in subclause (I), make a 
     determination with respect to whether--

       ``(aa) to impose sanctions under the Global Magnitsky Human 
     Rights Accountability Act with respect to the issuer or 
     affiliate of the issuer (as the case may be); or
       ``(bb) to refer the case to the Department of Justice or 
     another relevant Federal agency for further investigation.
       ``(7) Reports.--
       ``(A) Annual report to congress.--The Commission shall--
       ``(i) conduct an annual assessment of the compliance of 
     issuers with the requirements of this subsection; and
       ``(ii) submit to Congress a report containing the results 
     of each assessment conducted under clause (i).
       ``(B) Government accountability office report.--The 
     Comptroller General of the United States shall periodically 
     evaluate and report to Congress on the effectiveness of the 
     oversight by the Commission of the requirements of this 
     subsection.
       ``(8) Sunset.--The provisions of this subsection shall 
     terminate on the date that is 30 days after the date on which 
     the President submits the determination described in section 
     6(2) of the Uyghur Forced Labor Prevention Act.''.
       (b) Amendments of Periodical Reporting Requirements for 
     Issuers on National Securities Exchanges.--Section 13 of the 
     Securities Exchange Act of 1934 (15 U.S.C. 78m) is amended by 
     adding at the end the following:
       ``(t) Disclosure of Certain Activities Relating to Xinjiang 
     Uyghur Autonomous Region of the People's Republic of China.--
       ``(1) In general.--Each issuer required to file an annual 
     or quarterly report under subsection (a) shall disclose in 
     that report the information required by paragraph (2) if, 
     during the period covered by the report, the issuer or any 
     affiliate of the issuer engaged, directly or indirectly, in 
     an activity (including through a business relationship, 
     ownership interest, or other financial or personal interest) 
     with a covered entity, as defined in section 12(m).
       ``(2) Information required.--If an issuer or an affiliate 
     of an issuer has engaged, directly or indirectly, in any 
     activity described in paragraph (1), the issuer shall 
     disclose a detailed description of each such activity, 
     including--
       ``(A) the nature and extent of the activity;
       ``(B) the gross revenues and net profits, if any, 
     attributable to the activity; and
       ``(C) whether the issuer or the affiliate of the issuer (as 
     the case may be) intends to continue the activity.
       ``(3) Notice of disclosures.--If an issuer reports under 
     paragraph (1) that the issuer or an affiliate of the issuer 
     has engaged in any activity described in that paragraph, the 
     issuer shall separately file with the Commission, 
     concurrently with the annual or quarterly report under 
     subsection (a), a notice that the disclosure of that activity 
     has been included in that annual or quarterly report that 
     identifies the issuer and contains the information required 
     under paragraph (2).
       ``(4) Public disclosure of information.--Upon receiving a 
     notice under paragraph (3) that an annual or quarterly report 
     includes a disclosure of an activity described in paragraph 
     (1), the Commission shall promptly--
       ``(A) transmit the report to--
       ``(i) the President;
       ``(ii) the Committee on Foreign Relations and the Committee 
     on Banking, Housing, and Urban Affairs of the Senate; and
       ``(iii) the Committee on Foreign Affairs and the Committee 
     on Financial Services of the House of Representatives; and
       ``(B) make the information provided in the disclosure and 
     the notice available to the public by posting the information 
     on the internet website of the Commission.
       ``(5) Investigations.--Upon receiving a report under 
     paragraph (4) that includes a disclosure of an activity 
     described in paragraph (1) by an issuer or an affiliate of 
     the issuer, the President shall--
       ``(A) make a determination with respect to whether--
       ``(i) the Secretary of the Treasury should initiate an 
     investigation with respect to the imposition of sanctions 
     under the Global Magnitsky Human Rights Accountability Act 
     (22 U.S.C. 10101 et seq.); or
       ``(ii) the Attorney General should initiate an 
     investigation under any provision of law intended to hold 
     accountable individuals or entities involved in the 
     importation of goods produced using forced labor, including 
     section 545, 1589, or 1761 of title 18, United States Code; 
     and
       ``(B) not later than 180 days after initiating such an 
     investigation, make a determination with respect to whether--
       ``(i) to impose sanctions under the Global Magnitsky Human 
     Rights Accountability Act with respect to the issuer or 
     affiliate of the issuer (as the case may be); or
       ``(ii) to refer the case to the Department of Justice or 
     another relevant Federal agency for further investigation.
       ``(6) Sunset.--The provisions of this subsection shall 
     terminate on the date that is 30 days after the date on which 
     the President submits the determination described in section 
     6(2) of the Act entitled `An Act to ensure that goods made 
     with forced labor in the Xinjiang Autonomous Region of the 
     People's Republic of China do not enter the United States 
     market, and for other purposes', approved December 23, 2021 
     (Public Law 117-78; 22 U.S.C. 6901 note).''.
       (c) Effective Date.--The amendments made by this section 
     shall apply with respect to any application, registration 
     statement, or report required to be filed with the Securities 
     and Exchange Commission after the date that is 180 days after 
     the date of enactment of this Act.
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