,i #aafth ,,congress #ast ,session ,h4 ,r4 #bafg ,,in ,,the ,,house ,,of ,,representatives ,april #i1 #bjai ,mr4 ,curtis 7for himself and ,mr4 ,mc,caul7 introduced the following bill2 which was referred to the ,committee on ,foreign ,affairs1 and in addition to the ,committee on the ,judiciary1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to authorize the ,president to impose sanctions with respect to any foreign person the ,president determines1 based on credible evidence1 engages in public or private sector corruption activities that adversely affect a ,united ,states foreign investor1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,protecting ,united ,states ,businesses ,abroad ,act4 #b4 ,definitions ,in this ,act3 7#a7 ,united ,states foreign investor ,the term ,united ,states foreign investor means a ,united ,states person who has made a financial investment in a foreign country4 7#b7 ,credible evidence ,the term credible evidence means evidence of any kind that appears worthy of belief1 including evidence consisting of the results of ,united ,states or foreign law enforcement investigations or judicial proceedings1 law enforcement or intelligence information available to any agency of the ,united ,states ,government1 information obtained through diplomatic channels1 open source information that is publicly available in the ,united ,states or foreign news media1 and information provided by any ,united ,states person or foreign person4 7#c7 ,entity ,the term entity means a partnership1 association1 trust1 joint venture1 corporation1 group1 subgroup1 or other organization4 7#d7 ,foreign person ,the term foreign person means a person that is not a ,united ,states person4 7#e7 ,person ,the term person means an individual or entity4 7#f7 ,united ,states person ,the term ,united ,states person means a person that is a ,united ,states citizen1 permanent resident alien1 entity organized under the laws of the ,united ,states or any jurisdiction within the ,united ,states 7including foreign branches and entities outside the ,united ,states that are substantially owned by a ,united ,states person or persons71 or any person in the ,united ,states4 #c4 ,authorization of imposition of sanctions 7a7 ,in general ,the ,president may impose the sanctions described in subsection 7b7 with respect to any foreign person who is an individual the ,president determines1 based on credible evidence-- 7#a7 engages in public sector corruption activities against a ,united ,states foreign investor1 including-- 7,a7 soliciting or accepting bribes2 7,b7 using the authority of the state to extort payments1 unjustly coerce or intimidate the ,united ,states foreign investor1 or otherwise unjustly thwart investment by the ,united ,states foreign investor2 or 7,c7 obstructing or otherwise improperly manipulating or interfering with the impartial operation of judicial or law enforcement processes2 7#b7 expropriates the assets of a ,united ,states foreign investor without providing just compensation2 7#c7 engages in extortion1 use of force1 or the threat of use of force against a ,united ,states foreign investor or the family1 employees1 or associates of the ,united ,states foreign investor2 or 7#d7 conspires to engage in1 or knowingly and materially assists1 sponsors1 or provides financial1 material1 or technological support for any of the activities described in paragraph 7#a71 7#b71 or 7#c74 7b7 ,sanctions described ,the sanctions described in this subsection are the following3 7#a7 ,the person shall be ineligible to receive a visa to enter the ,united ,states or to be admitted to the ,united ,states4 7#b7 ,if the person has been issued a visa or other documentation1 revocation1 in accordance with section #bba7;i7 of the ,immigration and ,nationality ,act 7#h ,u4,s4,c4 #abja7;i771 of the visa or other documentation4 7c7 ,consideration of certain information in imposing sanctions ,in determining whether to impose sanctions under subsection 7a71 the ,president shall consider-- 7#a7 information provided by ,united ,states foreign investors to an official of the ,united ,states ,government designated by the ,president to receive and evaluate such information2 7#b7 information provided by the chairperson or ranking member of each of the appropriate congressional committees2 and 7#c7 credible information obtained from other countries and nongovernmental organizations1 other agencies of the ,united ,states ,government1 or publicly available open sources4 7d7 ,exception ,to comply with law enforcement objectives and ,agreement regarding the ,headquarters of the ,united ,nations ,sanctions under subsection 7b7 shall not apply to a person if admitting the person into the ,united ,states-- 7#a7 would further important law enforcement objectives2 or 7#b7 is necessary to permit the ,united ,states to comply with the ,agreement regarding the ,headquarters of the ,united ,nations1 signed at ,lake ,success ,june #bf1 #aidg1 and entered into force ,november #ba1 #aidg1 between the ,united ,nations and the ,united ,states1 or other applicable international obligations of the ,united ,states4 7e7 ,termination of sanctions ,the ,president may terminate the application of sanctions under this section with respect to a person if the ,president determines and reports to the appropriate congressional committees not later than #ae days before the termination of the sanctions that-- 7#a7 credible information exists that the person did not engage in the activity for which sanctions were imposed2 7#b7 the person has been prosecuted appropriately for the activity for which sanctions were imposed2 7#c7 the person has credibly demonstrated a significant change in behavior1 has paid an appropriate consequence for the activity for which sanctions were imposed1 and has credibly committed to not engage in an activity described in subsection 7a7 in the future2 or 7#d7 the termination of the sanctions is in the national security interests of the ,united ,states4 7f7 ,regulatory authority ,the ,president shall issue such regulations1 licenses1 and orders as are necessary to carry out this section4 7g7 ,appropriate congressional committees defined ,in this section1 the term appropriate congressional committees means-- 7#a7 the ,committee on the ,judiciary and the ,committee on ,foreign ,affairs of the ,house of ,representatives2 and 7#b7 the ,committee on the ,judiciary and the ,committee on ,foreign ,relations of the ,senate4 #d4 ,reports to ,congress 7a7 ,in general ,the ,president shall submit to the appropriate congressional committees1 in accordance with subsection 7b71 a report that includes-- 7#a7 a list of each foreign person with respect to which the ,president imposed sanctions pursuant to section #c during the year preceding the submission of the report2 7#b7 the number of foreign persons with respect to which the ,president-- 7,a7 imposed sanctions under section #c7;a7 during that year2 and 7,b7 terminated sanctions under section #c7;f7 during that year2 7#c7 the dates on which such sanctions were imposed or terminated1 as the case may be2 7#d7 the reasons for imposing or terminating such sanctions2 and 7#e7 the total number of foreign persons considered under section #c7;c7 for whom sanctions were not imposed4 7b7 ,dates for submission 7#a7 ,initial report ,the ,president shall submit the initial report under subsection 7a7 not later than #abj days after the date of the enactment of this ,act4 7#b7 ,subsequent reports ,the ,president shall submit a subsequent report under subsection 7a7 on ,december #aj1 or the first day thereafter on which both ,houses of ,congress are in session1 of-- 7,a7 the calendar year in which the initial report is submitted if the initial report is submitted before ,december #aj of that calendar year2 and 7,b7 each calendar year thereafter4 7c7 ,form of report 7#a7 ,in general ,each report required by subsection 7a7 shall be submitted in unclassified form1 but may include a classified annex4 7#b7 ,exception ,the name of a foreign person to be included in the list required by subsection 7a77#a7 may be submitted in the classified annex authorized by paragraph 7#a7 only if the ,president-- 7,a7 determines that it is vital for the national security interests of the ,united ,states to do so2 and 7,b7 uses the annex in a manner consistent with congressional intent and the purposes of this ,act4 7d7 ,public availability 7#a7 ,in general ,the unclassified portion of the report required by subsection 7a7 shall be made available to the public1 including through publication in the ,federal ,register4 7#b7 ,nonapplicability of confidentiality requirement with respect to visa records ,the ,president shall publish the list required by subsection 7a77#a7 without regard to the requirements of section #bbb7;f7 of the ,immigration and ,nationality ,act 7#h ,u4,s4,c4 #abjb7;f77 with respect to confidentiality of records pertaining to the issuance or refusal of visas or permits to enter the ,united ,states4 7e7 ,appropriate congressional committees defined ,in this section1 the term appropriate congressional committees means-- 7#a7 the ,committee on ,appropriations1 the ,committee on ,foreign ,affairs1 and the ,committee on the ,judiciary of the ,house of ,representatives2 and 7#b7 the ,committee on ,appropriations1 the ,committee on ,foreign ,relations1 and the ,committee on the ,judiciary of the ,senate4 #e4 ,strategy to protect ,united ,states foreign investors 7a7 ,in general ,the ,secretary of ,state1 in coordination with the ,secretary of ,commerce1 the ,secretary of the ,treasury1 and the heads of other relevant ,federal departments and agencies1 shall develop a strategy to coordinate ,united ,states ,government efforts to protect ,united ,states foreign investors against corruption4 ,the strategy shall call for the diplomatic and consular programs of the ,united ,states to protect ,united ,states foreign investors that are targeted by foreign persons engaged in public or private sector corruption4 7b7 ,report ,not later than #ahj days after the date of the enactment of this ,act1 and annually thereafter1 the ,secretary of ,state shall submit to the appropriate congressional committees a report-- 7#a7 detailing the strategy required by subsection 7a72 7#b7 summarizing specific actions taken to protect ,united ,states foreign investors since the last report2 and 7#c7 a detailed description of the tools currently available to protect ,united ,states foreign investors investing abroad from public and private sector corruption1 as well as recommendations for expanding such tools to better protect ,united ,states foreign investors against corruption4 7c7 ,appropriate congressional committees ,in this section1 the term appropriate congressional committees means-- 7#a7 the ,committee on ,banking1 ,housing1 and ,urban ,affairs1 the ,committee on ,finance1 and the ,committee on ,foreign ,relations of the ,senate2 and 7#b7 the ,committee on ,financial ,services1 the ,committee on ,ways and ,means1 and the ,committee on ,foreign ,affairs of the ,house of ,representatives4 #f4 ,sunset 7a7 ,in general ,the authority to impose sanctions under this ,act shall terminate on the date that is #f years after the date of enactment of this ,act4 7b7 ,continuation in effect of sanctions ,sanctions imposed under this ,act on or before the date specified in subsection 7a71 and in effect as of such date1 shall remain in effect until terminated in accordance with the requirements of section #c7;e74