,i #aafth ,,congress #b;d ,session ,h4 ,r4 #fgjf ,,in ,,the ,,house ,,of ,,representatives ,may #e1 #bjbj,mr4 ,banks introduced the following bill2 which was referred to the ,committee on ,financial ,services1 and in addition to the ,committees on ,energy and ,commerce1 and ,foreign ,affairs1 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 place temporary restrictions on acquisitions by the ,people's ,republic of ,china1 and for other purposes4 #a4 ,restriction on acquisitions by the ,people's ,republic of ,china 7a7 ,in general ,the ,committee on ,foreign ,investment in the ,united ,states shall review1 and the ,president shall deny1 any purchase of a controlling interest in a covered company by a covered foreign interest1 except as provided by subsection 7b74 7b7 ,waiver ,the ,president may approve the purchase of a controlling interest in a covered company by a covered foreign interest if the ,president1 acting through the ,committee on ,foreign ,investment in the ,united ,states1 determines-- 7#a7 that it is not in the interest of the ,united ,states to take further action under section #gba of the ,defense ,production ,act of #aiej 7#ej ,u4,s4,c4 #defe7 with respect to such purchase2 7#b7 that the purchase price was not significantly affected by the ,,covid-#ai pandemic2 and 7#c7 that sale of the covered company to a covered foreign interest will not permit the covered foreign interest additional access to distribute propaganda or otherwise alter ,u4,s4 news and media consumption4 7c7 ,sunset ,this section shall cease to have any force or effect on and after the date on which the ,president-- 7#a7 determines that the ,united ,states has substantially recovered from the economic impacts of ,,covid-#ai2 and 7#b7 notifies the ,committee on ,foreign ,investment in the ,united ,states1 the ,congress1 and the public of such determination4 7d7 ,definitions ,in this section3 7#a7 ,covered company ,the term covered company means any company registered and doing business in the ,united ,states that is-- 7,a7 critical infrastructure1 as described section #gba7;a77#d77;,d77ii77,,ii7 of the ,defense ,production ,act of #aiej 7#ej ,u4,s4,c4 #defe7;a77#d77;,d77iii77,,ii772 7,b7 engaged in the production and dissemination of news media2 or 7,c7 otherwise determined to be critical to national security1 critical infrastructure1 or culturally significant by the ,president4 7#b7 ,covered foreign interest ,the term covered foreign interest shall mean-- 7,a7 the ,government of the ,people's ,republic of ,china2 7,b7 any entity partially or wholly owned or controlled by the ,government of the ,people's ,republic of ,china1 and any subsidiaries of such an entity2 7,c7 any other entity registered in the ,people's ,republic of ,china with substantial ties to the ,government of the ,people's ,republic of ,china2 and 7,d7 any other entity that the ,president determines to be subject to the control 7as defined under section #gba7;a77#c7 of the ,defense ,production ,act of #aiej 7#ej ,u4,s4,c4 #defe7;a77#c7771 whether direct or indirect1 of the ,government of the ,people's ,republic of ,china4