,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #bhcj  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #be1 #bjac ,mr4 
,mc,caul introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,=eign        
,affairs  ,a ,,bill  ,to prohibit       
assi/ance to =eign c\ntries ^: gov]nm5ts
 hold m ?an #ejj1jjj1jjj1jjj 9 ,unit$   
,/ates ,treasury securities1 & = o!r    
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,prioritiz+ ,debt ,r$uction
 9 ,u4,s4 ,=eign ,assi/ance ,act (      
#bjac4  #b4 ,def9itions ,9 ?is ,act3    
7#a7 ,appropriate congressional         
committees ,! t]m appropriate           
congressional committees means--  7,a7 !
 ,committee on ,=eign ,relations1 !     
,committee on ,appropriations1 & !      
,committee on ! ,budget ( ! ,s5ate2 &   
7,b7 ! ,committee on ,=eign ,affairs1 ! 
,committee on ,appropriations1 & !      
,committee on ! ,budget ( ! ,h\se (     
,repres5tatives4  7#b7 ,major =eign debt
 hold] ,! t]m major =eign debt hold]    
means any =eign c\ntry ! gov]nm5t ( :i* 

! ,secret>y ( ! ,treasury det]m9es holds
 m ?an #ejj1jjj1jjj1jjj 9 ,unit$ ,/ates 
,treasury securities4  7#c7 ,unit$      
,/ates ,treasury securities ,! t]m      
,unit$ ,/ates ,treasury securities means
 obligations issu$ by ! ,unit$ ,/ates "u
 *apt] #ca ( title #ca1 ,unit$ ,/ates   
,code4  #c4 ,f9d+s ,congress makes !    
foll[+ f9d+s3  7#a7 ,! ,f$]al debt ( !  
,unit$ ,/ates is approximately #ag      
trillion4  7#b7 ,=m] ,jo9t ,*iefs (     
,/aff ,*airman1 ,admiral ,mike ,mull51  
has repeat$ly /at$ t ! bigge/ ?reat to !
 national security ( ! ,unit$ ,/ates is 
its debt4  7#c7 ,a gr[+ proportion ( !  
,f$]al debt ( ! ,unit$ ,/ates is held by
 =eign gov]nm5ts1 to "s ( :i* ! ,unit$  
,/ates provides direct =eign assi/ance4 
7#d7 ,accord+ to a ,dep>tm5t ( !        
,treasury report entitl$ ,major ,=eign  
,hold]s ( ,treasury ,securities1 =eign  
hold+s ( ,unit$ ,/ates ,treasury        
securities /ood at m ?an #d trillion at 
! end ( ,decemb] #bjab4  7#e7 ,9 ,augu/ 
#bjaa1 ,/&>d & ,poor's d[ngrad$ ! ,unit$

 ,/ates long-t]m sov]eign cr$it f ,,aaa 
to ,,aa due to ,am]ica's excessive      
borr[+ & unsu/a9able sp5d+ levels4  #d4 
,s5se ( ,congress ,x is ! s5se (        
,congress t--  7#a7 ! gr[+ ,f$]al debt (
 ! ,unit$ ,/ates jeop>dizes ! national  
security & economic /ability ( ! ,unit$ 
,/ates2 &  7#b7 pay+ money ow$ to       
,am]ica's major =eign debt hold]s is a  
bett] use ( ,am]ican taxpay] doll>s ?an 
provid+ su* debt hold]s ) ,unit$ ,/ates 
=eign assi/ance4  #e4 ,/atem5t ( policy 
,x %all be ! policy ( ! ,unit$ ,/ates   
to--  7#a7 prohibit fur!r ,unit$ ,/ates 
=eign assi/ance to major =eign debt     
hold]s2 &  7#b7 aggressively address !  
unsu/a9able ,f$]al debt ( ! ,unit$      
,/ates4  #f4 ,prohibition on assi/ance  
to major =eign debt hold]s ,*apt] #a (  
"p ,,iii ( ! ,=eign ,assi/ance ,act (   
#aifa is am5d$ by add+ at ! end ! foll[+
 new section3  #fbj,n4 ,prohibition on  
assi/ance to major =eign debt hold]s    
7a7 ,prohibition ,except z provid$ 9    
subsection 7b71 no assi/ance may be     

provid$ directly or indirectly "u ?is   
,act to any =eign c\ntry ! gov]nm5t (   
:i* ! ,secret>y ( ! ,treasury det]m9es  
holds m ?an #ejj1jjj1jjj1jjj 9 ,unit$   
,/ates ,treasury securities4  7b7       
,exceptions ,subsection 7a7 %all n apply
 ) respect to ! foll[+3  7#a7 ,assi/ance
 to respond to an em]g5cy4  7#b7        
,assi/ance to meet humanit>ian ne$s1    
includ+ ne$s = food1 m$ic9e1 m$ical     
supplies & equipm5t1 education1 & clo?+4
  7c7 ,waiv] ,! ,secret>y ( ,/ate may   
waive ! prohibition "u subsection 7a7 if
 ! ,secret>y submits to ! appropriate   
congressional committees a writt5       
c]tification t ! waiv] is 9 ! national  
security int]e/s ( ! ,unit$ ,/ates4  7d7
 ,def9itions ,9 ?is section--  7#a7 !   
t]m appropriate congressional committees
 means--  7,a7 ! ,committee on ,=eign   
,relations1 ! ,committee on             
,appropriations1 & ! ,committee on !    
,budget ( ! ,s5ate2 &  7,b7 ! ,committee
 on ,=eign ,affairs1 ! ,committee on    
,appropriations1 & ! ,committee on !    

,budget ( ! ,h\se ( ,repres5tatives2 &  
7#b7 ! t]m ,unit$ ,/ates ,treasury      
securities means obligations issu$ by ! 
,unit$ ,/ates "u *apt] #ca ( title #ca1 
,unit$ ,/ates ,code4  4  #g4 ,report on 
assi/ance to =eign debt hold]s  7a7     
,annual report ,n lat] ?an ,septemb] #cj
 ( ea* ye>1 ! ,secret>y ( ,/ate %all    
submit to ! appropriate congressional   
committees a report on ! provision (    
,unit$ ,/ates =eign assi/ance to =eign  
c\ntries ^: gov]nm5ts hold ,unit$ ,/ates
 ,treasury securities4  7b7 ,cont5t (   
report ,ea* report submitt$ "u ?is      
section %all include ! foll[+3  7#a7 ,an
 analysis ( ! curr5t & =eseeable risks  
to ! long-t]m national security &       
economic /ability ( ! ,unit$ ,/ates pos$
 by ! ,f$]al debt ( ! ,unit$ ,/ates4    
7#b7 ,h[ mu* =eign assi/ance p] c\ntry1 
p] ye>1 has be5 provid$ to =eign        
c\ntries ^: gov]nm5ts hold ,unit$ ,/ates
 ,treasury securities4  7c7 ,=m ,ea*    
report submitt$ "u ?is section %all be  
submitt$ 9 unclassifi$ =m1 b may conta9 

a classifi$ annex if necess>y4  7d7     
,public availability ,! ,secret>y (     
,/ate %all make ea* report requir$ by   
subsection 7a7 available1 9 its         
unclassifi$ =m1 to ! public by po/+ x on
 ! ,int]net website ( ! ,dep>tm5t (     
,/ate 9 a conspicu\s mann] & location4