,i #aafth ,,congress #b;d ,session ,h4 ,r4 #gjjg ,,in ,,the ,,house ,,of ,,representatives ,may #bb1 #bjbj,mrs4 ,wagner introduced the following bill2 which was referred to the ,committee on ,foreign ,affairs1 and in addition to the ,committees on ,oversight and ,reform1 the ,judiciary1 ,financial ,services1 ,energy and ,commerce1 ,armed ,services1 and ,ways and ,means1 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 initiate negotiations for a bilateral agreement on compensation between the ,united ,states and the ,people's ,republic of ,china relating to the spread of the virus responsible for ,,covid-#ai1 and for other purposes4 #a4 ,short title2 table of contents 7a7 ,short title ,this ,act may be cited as the ,compensation for ,americans ,act of #bjbj4 7b7 ,table of contents ,the table of contents for this ,act is as follows3 ,sec4 #a4 ,short title2 table of contents4,sec4 #b4 ,definitions4,sec4 #c4 ,findings4,sec4 #d4 ,sense of ,congress4,sec4 #e4 ,statement of policy4,sec4 #f4 ,coronavirus compensation fund4,sec4 #g4 ,bilateral agreement on compensation between the ,united ,states and ,china4,sec4 #h4 ,authorization to freeze ,chinese assets4,sec4 #i4 ,encouraging developing nations to seek compensation from ,china4,sec4 #aj4 ,suspension of requests made by ,chinese entities to acquire ,united ,states entities under certain circumstances4,sec4 #aa4 ,prohibition on procurement of certain products from a covered foreign entity1 including products intended to be included in the ,strategic ,national ,stockpile4,sec4 #ab4 ,report on integrity of the ,united ,states supply chain4,sec4 #ac4 ,restriction on ,federal funds to propose1 finalize1 implement1 or enforce any rule that reconsiders or amends certain ,bureau of ,industry and ,security rules4,sec4 #ad4 ,authorization of sanctions4,sec4 #ae4 ,export controls on certain telecommunication equipment4,sec4 #af4 ,visa ban on researchers affiliated with the ,,pla4,sec4 #ag4 ,prohibition on investment of ,,tsp ,i fund in ,china4,sec4 #ah4 ,protecting pharmaceutical access for ,americans4,sec4 #ai4 ,removal of ,china's designation as a developing country in international bodies4,sec4 #bj4 ,protecting ,america from cyberattacks4,sec4 #ba4 ,ensuring transparency for ,chinese listings on ,u4,s4 ,exchanges4 #b4 ,definitions ,in this ,act3 7#a7 ,china ,the term ,china means the ,people's ,republic of ,china4 7#b7 ,compensation fund ,the term compensation fund means the ,coronavirus ,compensation ,fund4 7#c7 ,,who ,the term ,,who means the ,world ,health ,organization4 #c4 ,findings ,congress finds the following3 7#a7 ,in the early weeks of the spread of the virus responsible for ,,covid-#ai1 the ,government of ,china systematically suppressed1 misrepresented1 and falsified information concerning such spread4 7#b7 ,the first reported instance of such virus may have occurred on ,november #ag1 #bjai1 in ,wuhan1 ,china4 ,the ,government of ,china did not notify the ,,who that it had detected an unknown respiratory illness until ,december #ca1 #bjbj4 7#c7 ,the ,government of ,china violated international law by covering up the origins and spread of such virus4 7#d7 ,articles #f and #g of the ,international ,health ,regulations of #bjje require notification to the ,,who within #bd hours of an assessment of events that may constitute a public health emergency of international concern4 7#e7 ,the ,international ,health ,regulations require the ,,who to be notified of all relevant public health information regarding public health events of international concern1 and for information to be shared in a timely1 accurate1 and sufficiently detailed manner4 7#f7 ,the ,government of ,china failed to share information with the ,,who1 and embarked on a campaign to silence doctors1 scientists1 and whistleblowers in an attempt to mislead the ,chinese people and the international community concerning the spread of such virus4 7#g7 ,on ,december #bg1 #bjbj1 samples of the virus found in hospitals in ,wuhan1 ,china1 were analyzed and determined to be a novel coronavirus4 7#h7 ,the ,government of ,china did not share with the ,,who such determination concerning the novel coronavirus4 7#i7 ,on ,january #c1 #bjbj1 the ,government of ,china ordered ,chinese scientists working to sequence the genome of such virus to surrender or destroy their samples and the ,government of ,china did not publicly share the genetic sequence until ,january #ab1 #bjbj4 7#aj7 ,in early ,january1 the ,government of ,china jailed eight medical professionals who sought to share information relating to such virus4 7#aa7 ,a ,chinese ophthalmologist1 ,dr4 ,li ,wenliang1 tried to warn the medical community of such virus4 ,the ,government of ,china forced ,dr4 ,li to sign a letter stating that he made false statements concerning such virus4 ,dr4 ,li later became infected with such virus and died on ,february #g1 #bjbj4 7#ab7 ,the ,government of ,china insisted that no evidence existed concerning the spread of such virus through person-to-person transmission1 and allowed ,chinese citizens to travel unimpeded1 including during the ,lunar ,new ,year1 when travelers numbered in the hundreds of millions4 7#ac7 ,on ,december #ca1 #bjbj1 the ,government of ,taiwan noted the possibility that such virus could spread through person-to-person transmission4 ,officials of the ,,who sent to ,china did not announce that such virus could spread through person-to-person transmission until ,january #bb1 #bjbj4 7#ad7 ,the ,government of ,china continues to neutralize or eliminate actors who threaten to expose the ,government of ,china's culpability in the spread of such virus4 7#ae7 ,wuhan ,central ,hospital reprimanded ,dr4 ,ai ,fen for sharing a picture of a patient report labeled ,,sars ,coronavirus4 ,in an interview published in the ,chinese magazine ,ren ,wu on ,march #aj1 #bjbj1 ,doctor ,ai said ,this incident has shown that everyone needs to have their own thoughts because someone has to step up to speak the truth44 ,dr4 ,ai has been missing since ,march #bi1 #bjbj1 and it is believed the ,government of ,china is involved in his disappearance4 7#af7 ,the repeated violations of the ,international ,health ,regulations by the ,government of ,china caused the spread of such virus first in ,wuhan1 ,china1 and then worldwide4 7#ag7 ,as of ,may #ah1 #bjbj1 such spread affected #ahh countries worldwide1 resulting in millions of confirmed cases and more than #cag1jjj deaths4 7#ah7 ,as of ,may #ah1 #bjbj1 #dif1eji ,americans were infected by such virus and #hi1hgd of those people died4 7#ai7 ,on ,may #ae1 #bjbj1 the ,asia ,development bank estimated that such spread will cost the global economy between #e4h trillion and #h4h trillion in #bjbj4 7#bj7 ,the ,international ,labor ,organization estimated that the spread of such virus caused a #aj4e percent drop in working hours globally1 which is equivalent to #cje million full-time jobs4 7#ba7 ,as of ,april #bjbj1 the ,bureau of ,labor ,statistics reported #bf4e million ,americans lost their jobs4 7#bb7 ,more than #ch4f million ,americans filed unemployment claims over an eight-week period ending on ,may #af1 #bjbj1 bringing the total of unemployed ,americans to more than #dj million4 7#bc7 ,the real unemployment rate is estimated to be between #bb4h percent and #be percent4 7#bd7 ,on ,april #bd1 #bjbj1 the ,congressional ,budget ,office predicted that the ,united ,states ,gross ,domestic ,product would fall #ab percent in the second quarter of #bjbj1 equivalent to a decline at annual rate of #dj percent4 7#be7 ,to mitigate the economic impact of such spread and bolster response efforts1 ,congress appropriated nearly #c trillion in emergency spending4 7#bf7 ,in ,april #bjbj1 the ,congressional ,budget ,office nearly quadrupled its ,fiscal ,year #bjbj ,federal budget deficit projection from #a trillion in ,january #bjbj to #c4g trillion4 7#bg7 ,if ,china had acted in accordance with its international obligations just three weeks earlier1 the number of early coronavirus cases may have been #ie percent lower4 #d4 ,sense of ,congress ,it is the sense of ,congress that-- 7#a7 in ,february #bjbj1 the ,united ,states correctly designated ,chinese state-owned media outlets as foreign missions2 7#b7 the ,secretary of ,state should limit to #ajj or fewer people the total number of ,chinese citizens who may work for a ,chinese state-owned media outlet in the ,united ,states2 7#c7 such limitation may encourage ,china to allow ,american journalists and other foreign independent reporters to live and report in ,china without threat or harassment by ,china2 and 7#d7 ,united ,states entities should avoid supporting or spreading propaganda from ,china by reviewing the policies of such entities relating to media advertisements created by ,china or advertising in media outlets owned or operated by ,china4 #e4 ,statement of policy ,it is the policy of the ,united ,states to seek compensation from ,china for intentionally concealing and distorting information concerning the spread of the virus responsible for ,,covid-#ai resulting in-- 7#a7 the avoidable loss of life1 health1 or property of citizens of the ,united ,states2 and 7#b7 the damage to the national economy of the ,united ,states4 #f4 ,coronavirus compensation fund 7a7 ,establishment ,there is established in the ,treasury a compensation fund to be known as the ,coronavirus ,compensation ,fund4 7b7 ,deposit of ,funds ,there shall be deposited into the compensation fund-- 7#a7 the amount agreed upon1 if any1 between ,china and the ,united ,states relating to the bilateral agreement on compensation initiated under section #g7;a7 of this ,act2 and 7#b7 the amount1 if any1 collected from the freezing of assets belonging to ,china under section #h4 #g4 ,bilateral agreement on compensation between the ,united ,states and ,china 7a7 ,negotiations 7#a7 ,in general ,not later than #cj days after the date of the enactment of this ,act1 the ,secretary of ,state shall enter into negotiations with ,china concerning a bilateral agreement on compensation4 7#b7 ,matters included ,the initiation of negotiations required under paragraph 7#a7 shall relate to-- 7,a7 the efforts of ,china to intentionally distort and conceal information concerning the spread of the virus responsible for ,,covid-#ai2 and 7,b7 the avoidable loss of life1 health1 or property of citizens of the ,united ,states and the damage to the national economy of the ,united ,states caused by the actions of ,china described in subparagraph 7,a74 7b7 ,deposit of funds ,any money received relating to negotiations initiated under paragraph 7#a7 shall be deposited into the compensation fund established under section #f7;a74 #h4 ,authorization to freeze ,chinese assets 7a7 ,in general ,the ,president shall use his authorities under the ,international ,emergency ,economic ,powers ,act to freeze or block any ,chinese asset subject to the jurisdiction of the ,united ,states in order to reach a bilateral agreement on compensation with ,china4 ,with the consent of ,china under the bilateral agreement on compensation1 the ,president may deposit all or some of these frozen funds into the compensation fund established under section #f7;a74 7b7 ,public repository of certain assets 7#a7 ,in general ,not later than #cj days after the date of the enactment of this ,act1 the ,secretary of ,treasury shall publish online a public repository described in paragraph 7#b74 7#b7 ,matters included ,the public repository described in this paragraph shall include information relating to the following3 7,a7 ,chinese state-owned entities in the ,united ,states4 7,b7 ,chinese entities financed1 directed1 or controlled by the ,government of ,china or the ,chinese ,communist ,party4 7,c7 ,united ,states entities financed1 directed1 or controlled by the ,government of ,china or the ,chinese ,communist ,party4 7#c7 ,self-report 7,a7 ,in general ,subject to subparagraph 7,b71 not later than #fj days after the date of the enactment of this ,act1 a ,united ,states entity employed by a ,chinese entity1 including a firm in the ,united ,states financial1 consulting1 or legal industries1 shall self-report to the ,secretary of ,treasury and be added to the public repository described in paragraph 7#b74 7,b7 ,exception ,notwithstanding any other provision of law1 if a public report under subparagraph 7,a7 would disclose confidential proprietary information1 including business or trade secrets1 the information shall be provided to the ,committee on ,foreign ,affairs of the ,house of ,representatives and the ,committee on ,foreign ,relations of the ,senate in a classified repository and shall not be subject to public disclosure4 7,c7 ,removal from public repository ,not later than #cj days after a ,united ,state entity reports to the ,secretary of ,treasury that all contracts or agreements with a ,chinese entity have terminated1 the ,secretary of ,treasury shall remove all information relating to the ,united ,states entity from the public repository4 7c7 ,deposit of funds ,notwithstanding any other provision of law1 and requiring the consent of ,china1 the ,president may deposit all or some of the assets frozen pursuant to subsection 7a7 into the compensation fund established under section #f7;a74 #i4 ,encouraging developing nations to seek compensation from ,china 7a7 ,in general ,not earlier than #fj days after the date that the ,secretary of ,state enters into negotiations with ,china concerning a bilateral agreement on compensation pursuant to section #g1 if ,china did not enter into1 or abide by1 a contract or agreement relating to such negotiations1 the ,secretary of ,state shall submit to the appropriate congressional committees a report described in subsection 7b74 7b7 ,report ,the report described in this subsection shall include information concerning strategies to encourage and support developing countries that are facing a severe health and economic crisis due to ,china's actions during the spread of the virus responsible for ,,covid-#ai and indebted to ,china to freeze1 repossess1 and seize ,chinese assets and holdings in each such country1 renege on loans or debt1 and expropriate ports in order to fund response efforts to the spread of the virus responsible for ,,covid-#ai if ,china does not provide compensation to such developing countries4 7c7 ,definitions ,in this section3 7#a7 ,appropriate congressional committees ,the term appropriate congressional committees means-- 7,a7 the ,committee on ,foreign ,affairs of the ,house of ,representatives2 and 7,b7 the ,committee on ,foreign ,relations of the ,senate4 7#b7 ,chinese assets and holdings ,the term ,chinese assets and holdings means the following entities in a developing country-- 7,a7 ,chinese state-owned entities2 7,b7 ,chinese entities financed1 directed1 or controlled by ,china or the ,chinese ,communist ,party2 or 7,c7 entities organized under the laws of a developing country that are financed1 directed1 or controlled by ,china or the ,chinese ,communist ,party4 #aj4 ,suspension of requests made by ,chinese entities to acquire ,united ,states entities under certain circumstances 7a7 ,in general ,not earlier than #fj days after the date that the ,secretary of ,state enters into negotiations with ,china concerning a bilateral agreement on compensation pursuant to section #g1 the ,president shall suspend review of requests made by a ,chinese entity to acquire a ,united ,states entity to the ,committee on ,foreign ,investment in the ,united ,states4 7b7 ,application ,subsection 7a7 shall only apply if ,china did not enter into1 or abide by1 a contract or agreement relating to such negotiations pursuant to section #g1 and such suspension shall be lifted if such contract or agreement is established4 #aa4 ,prohibition on procurement of certain products from a covered foreign entity1 including products intended to be included in the ,strategic ,national ,stockpile 7a7 ,prohibition on use of ,federal funds for foreign procurement ,no ,federal funds may be used to procure by contract1 subcontract1 grant1 cooperative agreement1 or otherwise any product sourced1 manufactured1 or assembled in whole or in part by a covered foreign entity that poses a supply chain risk to the national security of the ,united ,states1 including products identified in the report required under subsection 7b74 7b7 ,report 7#a7 ,in general ,not later than #fj days after the date of the enactment of this ,act1 the ,president shall submit to the appropriate congressional committees a report concerning supply chain risks and vulnerabilities posed by a covered foreign entity to the national security1 including health security1 of the ,united ,states1 and methods to mitigate such risks and vulnerabilities4 7#b7 ,matters ,included ,the report required under paragraph 7#a7 shall include information relating to such business sectors3 7,a7 ,pharmaceutical4 7,b7 ,medical4 7,c7 ,rare earth material4 7,d7 ,cybersecurity4 7,e7 ,information security4 7,f7 ,communication technology1 including fifth generation technology4 7,g7 ,electronics4 7c7 ,waiver ,the ,president may waive the prohibitions under this section with respect to a product if the ,president determines and reports to the appropriate congressional committees that such waiver is in the national security interests of the ,united ,states4 7d7 ,termination ,the ,president may terminate the prohibition with respect to a product if the ,president determines and reports to the appropriate congressional committees not less than #ae days before such termination takes effect that ,china-- 7#a7 acknowledges intentionally distorting and concealing information concerning the spread of the virus responsible for ,,covid-#ai2 and 7#b7 provides compensation to the ,united ,states for actions described in paragraph 7#a71 which caused-- 7,a7 avoidable loss of life1 health1 or property of citizens of the ,united ,states2 and 7,b7 damage to the national economy of the ,united ,states4 7e7 ,definitions ,in this section3 7#a7 ,appropriate congressional committees ,the term appropriate congressional committees means-- 7,a7 the ,committee on ,foreign ,affairs of the ,house of ,representatives2 7,b7 the ,committee on ,energy and ,commerce of the ,house of ,representatives2 7,c7 the ,committee on ,homeland ,security of the ,house of ,representatives2 7,d7 the ,committee on ,armed ,services of the ,house of ,representatives2 7,e7 the ,committee on ,veterans' ,affairs of the ,house of ,representatives2 7,f7 the ,committee on ,ways and ,means of the ,house of ,representatives2 7,g7 the ,committee on ,foreign ,relations of the ,senate2 7,h7 the ,committee on ,health1 ,education1 ,labor1 and ,pensions of the ,senate2 7,i7 the ,committee on ,homeland ,security and ,governmental ,affairs of the ,senate2 7,j7 the ,committee on ,armed ,services of the ,senate2 and 7,k7 the ,committee on ,veterans' ,affairs of the ,senate4 7#b7 ,covered foreign entity ,the term covered foreign entity means any entity domiciled in ,china or subject to influence or control by ,china or the ,communist ,party of ,china1 as determined by the ,secretary of ,state4 #ab4 ,report on integrity of the ,united ,states supply chain 7a7 ,in general ,not later than #fj days after the date of the enactment of this ,act1 the ,secretary of ,commerce shall submit to the appropriate congressional committees a report concerning strategies to incentivize1 require1 or compensate ,united ,states persons for relocating or repatriating ,united ,states business activities and assets from ,china to the ,united ,states4 7b7 ,matters included ,the report required under subsection 7a7 shall include information relating to the following business sectors3 7#a7 ,pharmaceutical4 7#b7 ,medical4 7#c7 ,electronics4 7#d7 ,information and communications technology4 7#e7 ,science4 7#f7 ,defense industries4 7c7 ,definitions ,in this section3 7#a7 ,appropriate congressional committees ,the term appropriate congressional committees means-- 7,a7 the ,committee on ,foreign ,affairs of the ,house of ,representatives2 7,b7 the ,committee on ,energy and ,commerce of the ,house of ,representatives2 7,c7 the ,committee on ,financial ,services of the ,house of ,representatives2 7,d7 the ,committee on ,foreign ,relations of the ,senate2 7,e7 the ,committee on ,commerce1 ,science1 and ,transportation of the ,senate2 and 7,f7 the ,committee on ,finance of the ,senate4 7#b7 ,person ,the term person means-- 7,a7 a natural person2 7,b7 a corporation1 business association1 partnership1 society1 trust1 financial institution1 insurer1 underwriter1 guarantor1 and any other business organization1 any other nongovernmental entity1 organization1 or group1 or any government or agency thereof2 and 7,c7 any successor to any entity described in subparagraph 7,b74 7#c7 ,united ,states person ,the term ,united ,states person means-- 7,a7 any individual who is a citizen or national of the ,united ,states or who is an individual described in subparagraph 7,b7 of section #bgd;,b7a77#c7 of the ,immigration and ,nationality ,act 7#h ,u4,s4,c4 #acbd;b7a77#c772 or 7,b7 a corporation or other legal entity which is organized under the laws of the ,united ,states1 any ,state or territory thereof1 or the ,district of ,columbia4 #ac4 ,restriction on ,federal funds to propose1 finalize1 implement1 or enforce any rule that reconsiders or amends certain ,bureau of ,industry and ,security rules ,no ,federal funds may be used to propose1 finalize1 implement1 or enforce any rule that reconsiders or amends ,bureau of ,industry and ,security's-- 7#a7 rule dated ,april #bh1 #bjbj1 and titled1 ,elimination of ,license ,exception ,civil ,end ,users 7,,civ7 7#he ,fed4 ,reg4 #bcdgj72 or 7#b7 rule dated ,april #bh1 #bjbj1 and titled1 ,expansion of ,export1 ,reexport1 and ,transfer 7in-,country7 ,controls for ,military ,end ,use or ,military ,end ,users in the ,people's ,republic of ,china1 ,russia1 or ,venezuela 7#he ,fed4 ,reg4 #bcdei74 #ad4 ,authorization of sanctions 7a7 ,in general ,the ,president shall impose the sanctions described in subsection 7b7 with respect to a foreign person the ,president determines1 based on credible evidence1 is one of the following3 7#a7 ,a government official1 or a senior associate of such an official1 of ,china4 7#b7 ,a ,chinese manufacturer or supplier1 or a corporate officer of1 or a principal shareholder with controlling interests in1 such a manufacturer or supplier1 in the following industries3 7,a7 ,artificial intelligence4 7,b7 ,genetic engineering technologies4 7,c7 ,semiconductors4 7,d7 ,lithium battery manufacturing4 7,e7 ,high-capacity computing4 7,f7 ,quantum computing4 7,g7 ,medical equipment4 7,h7 ,pharmaceuticals4 7,i7 ,robotics4 7,j7 ,biotechnology4 7#c7 ,an individual1 corporate officer1 or principal shareholder with controlling interests in a medical equipment supplier or pharmaceutical manufacturer entity that profited from the global response to the spread of the virus responsible for ,,covid-#ai4 7#d7 ,a citizen of ,china who the ,president determines to-- 7,a7 be responsible for or complicit in1 or to have engaged in1 the misappropriation1 receipt1 or use of intellectual property stolen from ,united ,states persons if that misappropriation1 receipt1 or use is reasonably likely to result in1 or has materially contributed to1 a significant threat to the national security1 foreign policy1 or economy of the ,united ,states2 7,b7 have materially assisted1 sponsored1 or provided financial1 material1 or technological support for1 or goods or services to or in support of-- 7i7 any activity described in subparagraph 7,a72 or 7ii7 any person the property and interests in property of which are blocked pursuant to subsection 7b77#a72 7,c7 be owned or controlled by1 or to have acted or purported to act for or on behalf of1 directly or indirectly1 any person the property and interests in property of which are blocked pursuant to subsection 7b77#a72 7,d7 have attempted to engage in any of the activity described in subparagraph 7,a71 7,b71 or 7,c72 or 7,e7 be a corporate officer of1 or a principal shareholder with controlling interests in1 an entity described in any of subparagraph 7,a71 7,b71 7,c71 or 7,d74 7#e7 ,a ,chinese state-owned entity or a ,chinese entity financed1 directed1 or controlled by the ,government of ,china or the ,chinese ,communist ,party1 that the ,president determines to1 on or after the date of the enactment of this ,act-- 7,a7 be responsible for or complicit in1 or to have engaged in1 censorship1 surveillance1 or any other similar or related activity through means of telecommunications1 including the internet2 7,b7 have materially assisted1 sponsored1 or provided financial1 material1 or technological support for1 or goods or services to or in support of-- 7i7 any activity described in subparagraph 7,a72 or 7ii7 any person the property and interests in property of which are blocked pursuant to subsection 7b77#a72 7,c7 be owned or controlled by1 or to have acted or purported to act for or on behalf of1 directly or indirectly1 any person the property and interests in property of which are blocked pursuant to subsection 7b77#a72 7,d7 have attempted to engage in any of the activity described in subparagraph 7,a71 7,b71 or 7,c72 or 7,e7 be a corporate officer of1 or a principal shareholder with controlling interests in1 an entity described in any of subparagraph 7,a71 7,b71 7,c71 or 7,d74 7b7 ,sanctions described ,the sanctions described in this subsection are the following3 7#a7 ,asset blocking ,the ,president shall exercise all of the powers granted to the ,president under the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agja et seq47 to the extent necessary to block and prohibit all transactions in property and interests in property of a foreign person identified in the report required under subsection 7a7 if such property and interests in property are in the ,united ,states1 come within the ,united ,states1 or come within the possession or control of a ,united ,states person4 7#b7 ,ineligibility for visas1 admission1 or parole 7,a7 ,visas1 admission1 or parole ,a foreign person described in subsection 7a7 and his or her immediate family members is-- 7i7 inadmissible to the ,united ,states2 7ii7 ineligible to receive a visa or other documentation to enter the ,united ,states2 and 7iii7 otherwise ineligible to be admitted or paroled into the ,united ,states or to receive any other benefit under the ,immigration and ,nationality ,act 7#h ,u4,s4,c4 #aaja et seq474 7,b7 ,current visa revoked 7i7 ,in general ,a foreign person described in subsection 7a7 is subject to revocation of any visa or other entry documentation regardless of when the visa or other entry documentation is or was issued4 7ii7 ,immediate effect ,a revocation under clause 7i7 shall-- 7,i7 take effect immediately2 and 7,,ii7 automatically cancel any other valid visa or entry documentation that is in the alien's possession4 7,c7 ,exception to comply with international obligations ,sanctions under this paragraph shall not apply with respect to a foreign person if admitting or paroling such person into the ,united ,states 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 obligations4 7c7 ,implementation ,the ,president may exercise all authorities provided under sections #bjc and #bje of the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agjb and #agjd7 to carry out this section4 7d7 ,waiver ,the ,president may waive the application of sanctions under this section with respect to a foreign person identified in the report required under subsection 7a7 if the ,president determines and certifies to the appropriate congressional committees that such a waiver is in the national interest of the ,united ,states4 7e7 ,termination of sanctions ,the ,president may terminate the application of sanctions under this section with respect to a foreign person if the ,president determines and reports to the appropriate congressional committees not less than #ae days before such termination takes effect that ,china-- 7#a7 acknowledges intentionally distorting and concealing information concerning the spread of the virus responsible for ,,covid-#ai2 and 7#b7 provides compensation to the ,united ,states for such actions described in paragraph 7#a71 which caused an avoidable injury to-- 7,a7 the life1 health1 and property of the citizens of the ,united ,states2 and 7,b7 the national economy of the ,united ,states4 7f7 ,exception relating to the importation of goods 7#a7 ,in general ,the authorities and requirements to impose sanctions under this section shall not include the authority or requirement to impose sanctions on the importation of goods4 7#b7 ,good defined ,in this subsection1 the term 8good0 means any article1 natural or man-made substance1 material1 supply or manufactured product1 including inspection and test equipment1 and excluding technical data4 7g7 ,definitions ,in this section3 7#a7 ,appropriate congressional committees ,the term appropriate congressional committees means-- 7,a7 the ,committee on ,foreign ,affairs of the ,house of ,representatives2 and 7,b7 the ,committee on ,foreign ,relations of the ,senate4 7#b7 ,foreign person ,the term foreign person means-- 7,a7 an individual who is not a citizen of the ,united ,states or an alien admitted for permanent residence to the ,united ,states2 or 7,b7 a corporation1 partnership1 or other entity which is created or organized under the laws of a foreign country or which has its principal place of business outside the ,united ,states4 #ae4 ,export controls on certain telecommunication equipment 7a7 ,in general ,section #aged of the ,john ,s4 ,mc,cain ,national ,defense ,authorization ,act for ,fiscal ,year #bjai 7#ej ,u4,s4,c4 #dhac7 is amended by adding at the end the following3 7g7 ,certain telecommunications equipment 7#a7 ,in general ,the ,secretary1 in consultation with the ,secretary of ,state1 the ,secretary of ,defense1 and the heads of other appropriate ,federal departments and agencies1 shall establish and maintain a list of goods and technology that would serve the primary purpose of assisting1 or be specifically configured to assist1 the ,people's ,republic of ,china in acquiring the capability to carry out censorship1 surveillance1 or any other similar or related activity through means of telecommunications1 including the internet1 the prohibition or licensing of which would be effective in barring acquisition or enhancement of such capability4 7#b7 ,prohibition ,notwithstanding any other provision of law1 the ,secretary shall prohibit the export of goods or technology on the list established under paragraph 7#a7 to ,chinese state-owned entities or ,chinese entities financed1 directed1 or controlled by the ,people's ,republic of ,china or the ,chinese ,communist ,party4 7#c7 ,waiver ,the ,president may waive the application of paragraph 7#b7 with respect to export of goods or technology on the list established under paragraph 7#a7 on a case-by-case basis if the ,president determines and certifies to ,congress that it is in the national interests of the ,united ,states to do so4 7#d7 ,definitions ,in this subsection1 the term ,internet has the meaning given the term in section #bca7;e77#c7 of the ,communications ,act of #aicd 7#dg ,u4,s4,c4 #bca7;e77#c774 4 7b7 ,regulations 7#a7 ,in general ,not later than #ij days after the date of the enactment of this ,act1 the ,president shall revise the ,export ,administration ,regulations and any other regulations necessary to carry out the amendment made by subsection 7a74 7#b7 ,export administration regulations defined ,in this subsection1 the term ,export ,administration ,regulations means the ,export ,administration ,regulations as maintained and amended under the authority of the ,international ,emergency ,economic ,powers ,act and codified1 as of the date of the enactment of this ,act1 in subchapter ,c of chapter ,,vii of title #ae1 ,code of ,federal ,regulations4 7c7 ,effective date ,section #aged7;g7 of the ,john ,s4 ,mc,cain ,national ,defense ,authorization ,act for ,fiscal ,year #bjai 7#ej ,u4,s4,c4 #dhac7;g771 as added by subsection 7a71 shall take effect on the date of the enactment of this ,act4 #af4 ,visa ban on researchers affiliated with the ,,pla 7a7 ,identification of ,,pla-,supported ,institutions 7#a7 ,in general ,not later than #fj days after the date of the enactment of this ,act1 and annually thereafter1 the ,secretary of ,homeland ,security shall publish a list identifying the research1 engineering1 and scientific institutions that the ,secretary of ,homeland ,security determines are affiliated with1 or funded by1 the ,chinese ,people's ,liberation ,army4 7#b7 ,form ,the list published under paragraph 7#a7 shall be unclassified and publicly accessible1 but may include a classified annex4 7b7 ,exclusion from ,united ,states ,except as provided in subsections 7d7 and 7e71 the ,secretary of ,state may not issue a visa under subparagraph 7,f7 or 7,j7 of section #aja7;a77#ae7 of the ,immigration and ,nationality ,act 7#h ,u4,s4,c4 #aaja7;a77#ae771 and the ,secretary of ,homeland ,security may not admit1 parole into the ,united ,states1 or otherwise provide nonimmigrant status under such subparagraphs1 to any alien who is1 or has previously been1 employed1 sponsored1 or funded by any entity identified on the most recently published list under subsection 7a74 7c7 ,inquiry ,before issuing a visa described in subsection 7b7 to a national of ,china1 the ,secretary of ,state1 the ,secretary of ,homeland ,security1 a consular officer1 or a ,u4,s4 ,customs and ,border ,protection officer shall ask the alien seeking such visa if the alien is1 or has previously been1 employed1 funded1 or otherwise sponsored by the ,chinese ,people's ,liberation ,army or any of the affiliated institutions identified on the most recently published list under subsection 7a74 7d7 ,exception ,to ,comply ,with ,united ,nations ,headquarters ,agreement ,subsection 7b7 shall not apply to an individual if admitting the individual to the ,united ,states is necessary to permit the ,united ,states to comply with the ,agreement between the ,united ,nations and the ,united ,states of ,america regarding the ,headquarters of the ,united ,nations1 signed ,june #bf1 #aidg1 and entered into force ,november #ba1 #aidg1 and other applicable international obligations4 7e7 ,national ,security ,waiver ,the ,president1 or a designee of the ,president1 may waive subsection 7b7 if the ,president or such designee certifies in writing to the appropriate congressional committees that such waiver is in the national security interest of the ,united ,states4 #ag4 ,prohibition on investment of ,,tsp ,i fund in ,china 7a7 ,in general ,section #hdch7;b77#d7 of title #e1 ,united ,states ,code1 is amended by adding at the end the following3 7,c7 ,the index selected by the ,board under subparagraph 7,a7 may not include investments in any stock of an entity based in the ,people's ,republic of ,china4 4 7b7 ,divestiture of assets ,not later than #fj days after the date of the enactment of this ,act1 the ,federal ,retirement ,thrift ,investment ,board 7as established under section #hdgb7;a7 of title #e1 ,united ,states ,code71 in consultation with the manager of the ,thrift ,savings ,fund1 shall-- 7#a7 review whether any sums in the ,thrift ,savings ,fund are invested in contravention of subparagraph 7,c7 of section #hdch7;b77#d7 of such title1 as added by subsection 7a72 7#b7 if any sums are so invested1 and consistent with the legal and fiduciary duties provided under chapter #hd of such title or any other provision of law1 divest such sums2 and 7#c7 re-invest the divested sums in investments that do not contradict such subparagraph4 #ah4 ,protecting pharmaceutical access for ,americans 7a7 ,list of critical drugs produced exclusively in ,china 7#a7 ,in general ,not later than #cj days after the date of enactment of this ,act1 the ,commissioner of ,food and ,drugs shall submit to the ,congress a list of all critical drugs and critical active pharmaceutical ingredients-- 7,a7 that are produced in ,china2 and 7,b7 the supply of which would be disrupted for ,united ,states consumers if such production were discontinued or interrupted4 7#b7 ,definitions ,in this subsection3 7,a7 ,the term critical active pharmaceutical ingredient means an active pharmaceutical ingredient in a critical drug4 7,b7 ,the term critical drug means a product that-- 7i7 is a drug 7as defined in section #bja of the ,federal ,food1 ,drug1 and ,cosmetic ,act 7#ba ,u4,s4,c4 #cba77 for which the approval of an application submitted under subsection 7b7 or 7j7 of section #eje of such ,act 7#ba ,u4,s4,c4 #cee7 or subsection 7a7 or 7k7 of section #cea of the ,public ,health ,service ,act 7#db ,u4,s4,c4 #ceb7 remains in effect2 and 7ii7 is deemed by the ,commissioner of ,food and ,drugs to be critical to the health and safety of ,united ,states consumers4 7,c7 ,the term produce means manufactured1 prepared1 propagated1 compounded1 or processed1 in whole or in part4 7b7 ,certification concerning ,chinese pharmaceutical regulation 7#a7 ,in general ,not later than #ahj days after the date of enactment of this ,act1 the ,commissioner of ,food and ,drugs 7in this subsection referred to as the ,commissioner7 shall certify to the ,congress whether the ,chinese pharmaceutical industry is being regulated for safety 7including regulation of such industry by ,chinese authorities and the ,food and ,drug ,administration7 to substantially the same degree as the ,united ,states pharmaceutical industry4 7#b7 ,investigations ,the ,commissioner-- 7,a7 shall conduct such investigations as may be necessary to make the certification required by paragraph 7#a72 and 7,b7 in conducting such investigations1 may use unannounced inspections and demand all necessary onsite access4 7#c7 ,plan ,if the ,commissioner certifies pursuant to paragraph 7#a7 that the ,chinese pharmaceutical industry is not being regulated for safety to substantially the same degree as the ,united ,states pharmaceutical industry1 the ,commissioner shall1 not later than #fj days after the ,commissioner submits the certification required by paragraph 7#a71 submit a plan to the ,congress to protect ,united ,states consumers from unsafe ,chinese drugs4 7c7 ,purchasing plan 7#a7 ,in general ,not later than #ij days after the date of the enactment of this ,act1 the ,secretary of ,defense1 in coordination with the ,secretary of ,health and ,human ,services and the ,commissioner of ,food and ,drugs1 shall submit to the ,congress-- 7,a7 a plan to ensure that by #bjbd no pharmaceutical products purchased for beneficiaries of health care from the ,department of ,defense or any associated program are made in part or in whole in ,china2 and 7,b7 an assessment of the resilience and capacity of the current supply chain and industrial base to support national defense if no pharmaceutical products purchased for beneficiaries of health care from the ,department of ,defense or any associated program are made in part or in whole in ,china1 including with respect to-- 7i7 the manufacturing capacity of the ,united ,states2 7ii7 gaps in domestic manufacturing capabilities1 including non-existent1 extinct1 threatened1 and single-point-of-failure capabilities2 and 7iii7 supply chains with single points of failure and limited resiliency4 7#b7 ,required recommendations ,the assessment under paragraph 7#a77;,b7 shall include recommendations-- 7,a7 to address critical bottlenecks in the supply of pharmaceutical products in the ,united ,states2 and 7,b7 to mitigate single points of failure and limited resilience of supply chains for pharmaceutical products in the ,united ,states4 #ai4 ,removal of ,china's designation as a developing country in international bodies 7a7 ,statement of policy ,it is the policy of the ,united ,states to oppose efforts by ,china to use its self-declared status as a developing country to lessen its obligations under international agreements1 dispute settlement proceedings1 negotiations1 rules1 and regulations4 7b7 ,world ,bank ,the ,secretary of the ,treasury shall instruct the ,united ,states ,executive ,director at the ,international ,bank for ,reconstruction and ,development to pursue the removal of ,china from eligibility for assistance from the ,bank4 7c7 ,designation of ,china as a developed country 7#a7 ,united ,states trade law ,notwithstanding any other provision of law1 ,china shall be treated as a developed country for the purposes of ,united ,states trade law4 7#b7 ,,wto designation ,the ,president shall direct the ,united ,states ,trade ,representative to use the voice1 vote1 and influence of the ,united ,states to secure changes at the ,world ,trade ,organization to-- 7,a7 prevent ,china from receiving benefits under the rules and regulations of the ,world ,trade ,organization that are not justified by appropriate economic and other indicators2 and 7,b7 treat ,china as a developed country4 7d7 ,united ,nations classification system ,the ,president shall direct the ,united ,states ,permanent ,representative to the ,united ,nations to use the voice1 vote1 and influence of the ,united ,states-- 7#a7 to revise the classification system of the ,united ,nations ,statistics ,division necessary to ensure the classification of ,china reflects justifiable economic and other indicators2 and 7#b7 to treat ,china as a developed country for purposes of the ,standard ,country or ,area ,codes for ,statistical ,use 7,series ,m1 ,no4 #di74 #bj4 ,protecting ,america from cyberattacks 7a7 ,exemptions to the ,computer ,fraud and ,abuse ,act ,section #ajcj of title #ah1 ,united ,states ,code1 is amended by adding at the end the following3 7k7 ,exception for the use of attributional technology 7#a7 ,in general ,this section shall not apply with respect to the use of attributional technology in regard to a defender who uses a program1 code1 or command for attributional purposes that beacons or returns locational or attributional data in response to a cyber intrusion in order to identify the source of an intrusion2 if-- 7,a7 the program1 code1 or command originated on the computer of the defender but is copied or removed by an unauthorized user2 7,b7 the program1 code1 or command does not result in the destruction of data or result in an impairment of the essential operating functionality of the attacker's computer system1 or intentionally create a backdoor enabling intrusive access into the attacker's computer system2 and 7,c7 the defender believes the attacker is an agent or an affiliate of ,chinese state commercial actors in the ,united ,states1 other ,chinese entities or individuals financed1 directed1 or controlled by the ,chinese ,state1 ,government of ,china1 or the ,chinese ,communist ,party4 7#b7 ,definition ,the term attributional data means any digital information such as log files1 text strings1 time stamps1 malware samples1 identifiers such as user names and ,internet ,protocol addresses and metadata or other digital artifacts gathered through forensic analysis4 4 7b7 ,exclusion from prosecution for certain computer crimes for those taking active cyber defense measures ,section #ajcj of title #ah1 ,united ,states ,code1 is amended by adding at the end the following3 7l7 ,active cyber defense measures not a violation 7#a7 ,in general ,it is a defense to a criminal prosecution under this section that the conduct constituting the offense was an active cyber defense measure if the defender believes the attacker was an agent or an affiliate of ,chinese state commercial actors in the ,united ,states1 other ,chinese entities or individuals financed1 directed1 or controlled by the ,chinese ,state1 the ,government of ,china1 or the ,chinese ,communist ,party4 7#b7 ,definitions ,in this subsection-- 7,a7 the term defender means a person or an entity that is a victim of a persistent unauthorized intrusion of the individual entity's computer2 7,b7 the term active cyber defense measure-- 7i7 means any measure-- 7,i7 undertaken by1 or at the direction of1 a defender2 and 7,,ii7 consisting of accessing without authorization the computer of the attacker to the defender's own network to gather information in order to-- 7aa7 establish attribution of criminal activity to share with law enforcement and other ,united ,states ,government agencies responsible for cybersecurity2 7bb7 disrupt continued unauthorized activity against the defender's own network2 or 7cc7 monitor the behavior of an attacker to assist in developing future intrusion prevention or cyber defense techniques2 but 7ii7 does not include conduct that-- 7,i7 intentionally destroys or renders inoperable information that does not belong to the victim that is stored on another person or entity's computer2 7,,ii7 recklessly causes physical injury or financial loss as described under subsection 7c77#d72 7,,iii7 creates a threat to the public health or safety2 7,,iv7 intentionally exceeds the level of activity required to perform reconnaissance on an intermediary computer to allow for attribution of the origin of the persistent cyber intrusion2 7,v7 intentionally results in intrusive or remote access into an intermediary's computer2 7,,vi7 intentionally results in the persistent disruption to a person or entities internet connectivity resulting in damages defined under subsection 7c77#d72 or 7,,vii7 impacts any computer described under subsection 7a77#a7 regarding access to national security information1 subsection 7a77#c7 regarding government computers1 or to subsection 7c77#d77;,a77i77,v7 regarding a computer system used by or for a ,government entity for the furtherance of the administration of justice1 national defense1 or national security2 7,c7 the term attacker means a person or an entity that is the source of the persistent unauthorized intrusion into the victim's computer2 and 7,d7 the term intermediary computer means a person or entity's computer that is not under the ownership or primary control of the attacker but has been used to launch or obscure the origin of the persistent cyber-attack4 4 7c7 ,notification requirement for the use of active cyber defense measures ,section #ajcj of title #ah1 ,united ,states ,code1 is amended by adding the following3 7m7 ,notification requirement for the use of active cyber defense measures 7#a7 ,in general ,a defender who uses an active cyber defense measure under the preceding section must notify the ,,fbi ,national ,cyber ,investigative ,joint ,task ,force and either receive a response from the ,,fbi acknowledging receipt of the notification or wait #dh hours prior to using the measure4 7#b7 ,required notification ,notification must include the type of cyber breach that the person or entity was a victim of1 the intended target of the active cyber defense measure1 the steps the defender plans to take to preserve evidence of the attacker's criminal cyber intrusion1 as well as the steps they plan to prevent damage to intermediary computers not under the ownership of the attacker and other information requested by the ,,fbi to assist with oversight4 4 #ba4 ,ensuring transparency for ,chinese listings on ,u4,s4 ,exchanges 7a7 ,definitions ,in this section-- 7#a7 the term applicable ,chinese issuer means a ,chinese issuer-- 7,a7 that is required to file a covered form2 and 7,b7 for which1 during the period covered by the filing described in subparagraph 7,a71 a covered foreign public accounting firm has prepared an audit report for the issuer2 7#b7 the term audit report has the meaning given the term in section #b7;a7 of the ,sarbanes-,oxley ,act of #bjjb 7#ae ,u4,s4,c4 #gbja7;a772 7#c7 the term ,board means the ,public ,company ,accounting ,oversight ,board2 7#d7 the term ,commission means the ,securities and ,exchange ,commission2 7#e7 the term covered foreign public accounting firm means a foreign public accounting firm that the ,board is unable to inspect or investigate under the ,sarbanes-,oxley ,act of #bjjb 7#ae ,u4,s4,c4 #gbja et seq47 because of a position taken by an authority outside of the ,united ,states2 7#f7 the term covered form-- 7,a7 means-- 7i7 the form described in section #bdi4caj of title #ag1 ,code of ,federal ,regulations1 or any successor regulation2 and 7ii7 the form described in section #bdi4bbj;f of title #ag1 ,code of ,federal ,regulations1 or any successor regulation2 and 7,b7 includes a form that-- 7i7 is the equivalent of1 or substantially similar to1 the form described in clause 7i7 or 7ii7 of subparagraph 7,a72 and 7ii7 a ,chinese issuer files with the ,commission under the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #gh;a et seq47 or rules issued under that ,act2 7#g7 the term covered jurisdiction means the foreign jurisdiction in which the position described in paragraph 7#e7 is taken with respect to a covered foreign public accounting firm that prepares an audit report for an applicable ,chinese issuer2 7#h7 the term exchange has the meaning given the term in section #c7;a7 of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #gh;a7a772 7#i7 the term ,chinese issuer means any issuer which is the ,chinese government1 a national of ,china or a corporation or other organization incorporated or organized under the laws of ,china2 7#aj7 the term foreign public accounting firm has the meaning given the term in section #ajf7;g7 of the ,sarbanes-,oxley ,act of #bjjb 7#ae ,u4,s4,c4 #gbaf7;g772 7#aa7 the term national securities exchange means an exchange that is registered with the ,commission under section #f of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #gh;f72 and 7#ab7 the term public accounting firm has the meaning given the term in section #b7;a7 of the ,sarbanes-,oxley ,act of #bjjb 7#ae ,u4,s4,c4 #gbja7;a774 7b7 ,disclosure 7#a7 ,list of certain ,chinese issuers and covered foreign public accounting firms 7,a7 ,in general ,the ,commission shall maintain a publicly available list of-- 7i7 each ,chinese issuer1 an audit report of which-- 7,i7 is prepared by a foreign public accounting firm2 and 7,,ii7 the ,board is not able to inspect or investigate because of a position taken by an authority that is outside of the ,united ,states2 7ii7 each covered foreign public accounting firm that has prepared an audit report identified under clause 7i72 and 7iii7 the jurisdiction in which each covered foreign public accounting firm identified under clause 7ii7 is organized or operating4 7,b7 ,role of the ,board ,not less frequently than annually1 the ,board shall provide to the ,commission the information that is required for the ,commission to carry out subparagraph 7,a74 7#b7 ,annual report disclosure 7,a7 ,disclosure ,each applicable ,chinese issuer shall disclose in each covered form filed by the applicable ,chinese issuer-- 7i7 that1 during the period covered by covered form1 a covered foreign public accounting firm has prepared an audit report for the issuer2 7ii7 the percentage of the shares of the issuer owned by governmental entities in the foreign jurisdiction in which the issuer is incorporated or otherwise organized2 7iii7 whether governmental entities in a covered jurisdiction with respect to any covered foreign public accounting firm that has prepared an audit report for the issuer during the period covered by the form have a controlling financial interest with respect to the issuer2 and 7iv7 the name of any official of the ,chinese ,communist ,party who is a member of the board of directors of the issuer or the operating entity with respect to the issuer4 7,b7 ,update of rules ,not later than #bgj days after the date of enactment of this ,act1 and after providing the opportunity for public notice and comment1 the ,commission shall make any amendments to the rules of the ,commission that are required as a result of the requirements of this subsection4 7,c7 ,effective date ,this subsection shall take effect on the date on which the ,commission completes the amendments required under paragraph 7#b74 7#c7 ,disclosure by brokers and dealers ,section #ae7n7 of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #gho7n77 is amended-- 7,a7 in paragraph 7#a71 by striking ,commission may issue and all that follows through the period at the end and inserting the following3 8,commission-- 7,a7 shall issue rules that require a broker and a dealer to disclose1 with respect to any advice1 analysis1 or report of the broker or dealer to a retail investor regarding the securities of a ,chinese issuer1 whether a covered foreign public accounting firm has prepared an audit report for the ,chinese issuer2 and 7,b7 in addition to the rules required under subparagraph 7,a71 may issue rules designating documents or information that shall be provided by a broker or dealer to a retail investor before the purchase of an investment product or service by the retail investor4 2 and 7,b7 by adding at the end the following3 7#d7 ,definitions ,in this subsection1 the terms audit report1 covered foreign public accounting firm1 and ,chinese issuer have the meanings given the terms in section #ba7;a7 of the ,compensation for ,americans ,act of #bjbj4 4 7c7 ,prohibition against the listing of certain firms on national securities exchanges 7#a7 ,in general ,section #f7;b7 of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #gh;f7b77 is amended by adding at the end the following3 7#aa7 7,a7 ,the rules of the exchange prohibit the initial listing1 after the date of enactment of this paragraph1 of any security of an issuer for which a covered foreign public accounting firm has prepared an audit report4 7,b7 ,nothing in subparagraph 7,a7 may be construed to prevent an exchange from listing a security on the exchange on or after the date of enactment of this paragraph if that security was listed on the exchange or a national securities exchange before the date of enactment of this paragraph4 7,c7 ,in this paragraph1 the terms audit report and covered foreign public accounting firm have the meanings given the terms in section #b of the ,compensation for ,americans ,act of #bjbj4 7#ab7 7,a7 ,the rules of the exchange prohibit the listing of any security of a ,chinese issuer that1 beginning in #bjbe1 has been identified under section #ba7;b77#a77;,a77i7 of the ,compensation for ,americans ,act of #bjbj in #c consecutive years4 7,b7 ,nothing in subparagraph 7,a7 may be construed to prevent an exchange from listing a security of a ,chinese issuer described in that subparagraph beginning on the date on which the issuer submits to the ,commission an audit report for the issuer that is prepared by a registered public accounting firm that the ,public ,company ,accounting ,oversight ,board has inspected1 or is able to inspect1 under section #ajd of the ,sarbanes-,oxley ,act of #bjjb 7#ae ,u4,s4,c4 #gbad74 7,c7 ,in this paragraph-- 7i7 the terms audit report and registered public accounting firm have the meanings given the terms in section #b7;a7 of the ,sarbanes-,oxley ,act of #bjjb 7#ae ,u4,s4,c4 #gbja7;a772 and 7ii7 the terms covered foreign public accounting firm and ,chinese issuer have the meanings given the terms in section #ba7;a7 of the ,compensation for ,americans ,act of #bjbj4 4 7#b7 ,rules 7,a7 ,proposals ,not later than #ij days after the date of enactment of this ,act1 each national securities exchange shall1 in accordance with section #ai7;b7 of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #ghs7b77 and any rules prescribed by the ,commission under that section1 file with the ,commission any proposed change to the rules of the exchange that is required as a result of the amendments made by this subsection4 7,b7 ,adoption ,not later than #a year after the date of enactment of this ,act1 each national securities exchange shall have each proposed change described in subparagraph 7,a7 approved by the ,commission4