,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #faeb  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #i1 #bjbj,mr4    
,gallagh] 7= himself1 ,mr4 ,turn]1 ,ms4 
,*5ey1 ,mr4 ,mc,caul1 ,mr4 ,banks1 ,mr4 
,p]ry1 & ,mr4 ,timmons7 introduc$ !     
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,f9ancial ,s]vices1 & 9   
addition to ! ,committees on ,=eign     
,affairs1 & ,en]gy & ,comm]ce1 = a p]iod
 to be subsequ5tly det]m9$ by ! ,speak]1
 9 ea* case = consid]ation ( su*        
provisions z fall )9 ! jurisdiction ( ! 
committee conc]n$  ,a ,,bill  ,to       
require ! ,committee on ,=eign ,inve/m5t
 9 ! ,unit$ ,/ates to consid] :e!r a    
=eign p]son t is a p>ty to a transaction
 und]go+ review by ! ,committee is      
connect$ to a =eign c\ntry t has in/all$
 in=mation & communications te*nology   
design$1 develop$1 manufactur$1 or      
suppli$ by p]sons own$ or controll$ by1 
or subject to ! jurisdiction or         
direction (1 a =eign adv]s>y1 & = o!r   
purposes4  #a4 ,%ort title ,?is ,act may

 be cit$ z ! ,protect+ ,am]ica ,f ,=eign
 ,inve/ors ,compromis$ by ! ,*9ese      
,communi/ ,p>ty ,act ( #bjbj4  #b4 ,s5se
 ( ,congress ,x is ! s5se ( ,congress   
t-- 7#a7 =eign inve/m5t provides        
sub/antial economic b5efits to ! ,unit$ 
,/ates1 includ+ ! promotion ( economic  
gr[?1 productivity1 competitiv5ess1 &   
job creation1 !reby enhanc+ national    
security2  7#b7 ma9ta9+ ! commitm5t ( ! 
,unit$ ,/ates to an op5 inve/m5t policy 
enc\rages o!r c\ntries to reciprocate & 
helps op5 new =eign m>kets = ,unit$     
,/ates bus9esses2  7#c7 x %\ld cont9ue  
to be ! policy ( ! ,unit$ ,/ates to     
en?usia/ically welcome & support =eign  
inve/m5t1 consi/5t ) ! protection (     
national security2  7#d7 at ! same "t1 !
 national security l&scape has %ift$ 9  
rec5t ye>s1 & s has ! nature ( !        
inve/m5ts t pose ! greate/ pot5tial risk
 to national security2 &  7#e7 ^? %ifts 
w>rant$ ! mod]nization ( ! au?orities ( 
! ,committee on ,=eign ,inve/m5t 9 !    
,unit$ ,/ates "u ! ,=eign ,inve/m5t     

,risk ,review ,mod]nization ,act ( #bjah
 7subtitle ,a ( title ,,xvii ( ,public  
,law #aae-bcb2 #acb ,/at4 #bagc74  #c4  
,modification ( requirem5t = regulations
 def9+ =eign p]son = purposes ( cov]$   
transactions  7a7 ,9 g5]al ,section     
#gba7;a77#d77;,e7 ( ! ,def5se           
,production ,act ( #aiej 7#ej ,u4,s4,c4 
#defe7;a77#d77;,e77 is am5d$ by /rik+ ! 
?ird s5t5ce & ins]t+ ! foll[+3 8,su*    
crit]ia %all take into consid]ation--   
7i7 h[ a =eign p]son is connect$ to a   
=eign c\ntry or =eign gov]nm5t2  7ii7   
:e!r t =eign c\ntry or =eign gov]nm5t   
has in/all$1 or all[$ o!rs to in/all1 )9
 its t]ritory in=mation & communications
 te*nology 7includ+ fif?-g5]ation1 or   
future-g5]ation1 mobile                 
telecommunications infra/ructure7 t is  
design$1 develop$1 manufactur$1 or      
suppli$ by p]sons own$ or controll$ by1 
or subject to ! jurisdiction or         
direction (1 a =eign adv]s>y 7z def9$ 9 
,executive ,ord] #achgc 7#ej ,u4,s4,c4  
#agja note2 relat+ to secur+ ! in=mation

 & communications te*nology & s]vices   
supply *a9772  7iii7 :e!r ! connection  
describ$ 9 clause 7i7 may affect !      
national security ( ! ,unit$ ,/ates2 &  
7iv7 h[ ! in/allation describ$ 9 clause 
7ii7 may affect ! national security ( ! 
,unit$ ,/ates4  4  7b7 ,regulations ,n  
lat] ?an #ahj days aft] ! date ( !      
enactm5t ( ?is ,act1 ! ,committee on    
,=eign ,inve/m5t 9 ! ,unit$ ,/ates %all 
prescribe regulations to c>ry out !     
am5dm5t made by subsection 7a74  #d4    
,update to li/ ( except$ =eign /ates ,at
 lea/ annually1 ! ,committee on ,=eign  
,inve/m5t 9 ! ,unit$ ,/ates %all review 
& update =eign /ates includ$ 9 !        
def9ition ( except$ =eign /ates z def9$ 
"u section #hjj4bah ( title #ca1 ,code (
 ,f$]al ,regulations4  #e4 ,report on   
alt]natives to future-g5]ation mobile   
telecommunications infra/ructure        
support$ by ! ,gov]nm5t ( ! ,p's        
,republic ( ,*9a  7a7 ,9 g5]al ,n lat]  
?an #ahj days aft] ! date ( ! enactm5t (
 ?is ,act1 ! ,presid5t %all submit to ! 

appropriate congressional committees a  
report describ+ :e!r & h[ ! ,unit$      
,/ates ,gov]nm5t is coord9at+ ) close   
trade & inve/m5t p>tn]s ( ! ,unit$      
,/ates to develop alt]natives to        
fif?-g5]ation1 or future-g5]ation1      
mobile telecommunications infra/ructure 
support$ by ! ,gov]nm5t ( ! ,p's        
,republic ( ,*9a4  7b7 ,appropriate     
congressional committees def9$ ,9 ?is   
section1 ! t]m appropriate congressional
 committees means-- 7#a7 ! ,committee on
 ,comm]ce1 ,sci5ce1 & ,transportation1 !
 ,committee on ,bank+1 ,h\s+1 & ,urban  
,affairs1 & ! ,committee on ,=eign      
,relations ( ! ,s5ate2 &  7#b7 !        
,committee on ,en]gy & ,comm]ce1 !      
,committee on ,f9ancial ,s]vices1 & !   
,committee on ,=eign ,affairs ( ! ,h\se 
( ,repres5tatives4