[Congressional Record Volume 170, Number 120 (Wednesday, July 24, 2024)]
[Senate]
[Page S5476]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3151. Mr. BROWN 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 appropriate place, insert the following:

     SEC. __. MONITORING AND ENFORCEMENT BY COMMITTEE ON FOREIGN 
                   INVESTMENT IN THE UNITED STATES.

       (a) Enhancing Monitoring and Enforcement of National 
     Security Mitigation Agreements.--
       (1) Procedures.--Not later than one year after the date of 
     the enactment of this Act, the Secretary of the Treasury (in 
     the subsection referred to as the ``Secretary''), as the 
     chairperson of the Committee on Foreign Investment in the 
     United States (in this subsection referred to as the 
     ``Committee''), shall promulgate procedures for the Committee 
     with respect to the implementation, monitoring, and 
     enforcement of national security mitigation agreements and 
     conditions entered into or imposed by the Committee pursuant 
     to section 721(l)(3) of the Defense Production Act of 1950 
     (50 U.S.C. 4565(l)(3)), including with respect to--
       (A) a consistent approach to monitoring, evaluating, and 
     enforcing the implementation of and compliance with such 
     agreements and conditions;
       (B) on-site compliance reviews conducted under such 
     agreements and conditions; and
       (C) the use of third-party auditors and monitors.
       (2) Guidance.--Not later than one year after the date of 
     the enactment of this Act, the Secretary shall publish such 
     guidance as may be appropriate to clarify expectations with 
     respect to periodic reporting and the submission of certain 
     information to the Committee and lead agencies designated 
     under subsection (k)(5) of section 721 of the Defense 
     Production Act of 1950 (50 U.S.C. 4565) in connection with a 
     national security mitigation agreement or condition entered 
     into or imposed pursuant to subsection (l)(3) of that 
     section.
       (3) Centralization of monitoring and enforcement 
     functions.--Section 721(q)(2) of the Defense Production Act 
     of 1950 (50 U.S.C. 4565(q)(2)) is amended by inserting before 
     the period the following: ``, such as monitoring of 
     agreements and conditions entered into or imposed under 
     subsection (l) and enforcement of this section.''.
       (b) Mandatory Declarations of Transactions Relating to 
     Critical Infrastructure and Critical Technologies.--Section 
     721(b)(1)(C)(v)(IV)(cc) of the Defense Production Act of 1950 
     (50 U.S.C. 4565(b)(1)(C)(v)(IV)(cc)) is amended by striking 
     ``subsection (a)(4)(B)(iii)(II)'' and inserting ``subclause 
     (I) or (II) of subsection (a)(4)(B)(iii)''.
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