,,ii #aafth ,,congress #ast ,session ,s4 #bhbf ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,november #g1 #bjai,mr4 ,young 7for himself1 ,mr4 ,merkley1 ,mr4 ,rubio1 and ,mr4 ,coons7 introduced the following bill2 which was read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to require a global economic security strategy1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,global ,economic ,security ,strategy of #bjai4 #b4 ,sense of ,congress ,it is the sense of ,congress that-- 7#a7 the national security of the ,united ,states depends in large part on a vibrant1 growing1 and secure ,united ,states economy2 7#b7 the ,united ,states confronts more international economic competition and threats today than at any time in the ,nation's history2 7#c7 a failure of the ,united ,states to compete economically will undermine the prosperity and security of the people of the ,united ,states2 7#d7 the ,united ,states is stronger when the national security strategy integrates economic tools in the service of foreign policy objectives2 7#e7 it is in the national security and economic interests of the ,united ,states-- 7,a7 to promote free1 fair1 and reciprocal economic relationships between the ,united ,states and foreign individuals and entities2 7,b7 to promote and protect the ,united ,states innovation base1 including the defense industrial base2 7,c7 to ensure that the ,united ,states leads in research1 technology1 and innovation2 7,d7 to counter anticompetitive economic behavior1 policies1 and strategies by foreign individuals and entities2 7,e7 to promote environmental stewardship2 and 7,f7 to ensure workers and families in the ,united ,states have the opportunity to thrive with competitive wages and are not unfairly disadvantaged2 7#f7 the ,federal ,government has a limited1 but important1 role in facilitating the ability of the ,united ,states to compete successfully in the international economic competition described in paragraph 7#b72 and 7#g7 the ,federal ,government should periodically produce a global economic security strategy-- 7,a7 to ensure ,federal policies1 statutes1 regulations1 procedures1 data gathering1 and assessment practices are optimally designed and implemented to facilitate the competitiveness1 prosperity1 and security of the ,united ,states2 7,b7 to reassure allies and partners of the ,united ,states of the enduring commitment of the ,united ,states to the promotion of free1 fair1 and reciprocal economic relationships2 and 7,c7 to maximally advance economic opportunity for present and future generations of ,united ,states citizens4 #c4 ,global economic security strategy 7a7 ,strategy required 7#a7 ,initial strategy ,not later than #ahj days after the date of the enactment of this ,act1 the ,president1 in coordination with the ,national ,security ,council and the ,national ,economic ,council and the heads of other relevant ,federal agencies1 shall submit to the appropriate congressional committees a report setting forth a global economic security strategy for the ,united ,states to support the national security strategy4 7#b7 ,subsequent strategies ,beginning in #bjba1 the ,president1 in coordination with the ,national ,security ,council and the ,national ,economic ,council and the heads of other relevant ,federal agencies1 shall submit to the appropriate congressional committees a global economic security strategy-- 7,a7 in any year in which a new ,president is inaugurated1 not later than ,october #a of that year2 and 7,b7 in any other year1 not later than #ij days after the transmission to ,congress in that year of the national security strategy4 7b7 ,elements ,each report required by subsection 7a7 shall set forth a global economic security strategy of the ,united ,states and shall1 at a minimum1 include the following3 7#a7 ,an assessment of the global competitive position of key ,united ,states economic sectors1 including strengths1 weaknesses1 opportunities1 and threats4 7#b7 ,an assessment of the national debt and its implications for the economic and national security of the ,united ,states4 7#c7 ,a description and discussion of the prioritized economic security interests and objectives of the ,united ,states1 including key economic sectors vital to economic security of the ,united ,states4 7#d7 ,a description of the leading threats1 challenges1 and opportunities associated with the interests and objectives described in paragraph 7#c71 including-- 7,a7 an assessment of the severity and likelihood of the threats1 both foreign and domestic1 and an explicit linking of each such threat to a national interest or objective2 7,b7 an assessment of the nature of the challenges and how each challenge will evolve if left unaddressed2 and 7,c7 an assessment of the opportunities and associated potential benefits to ,united ,states interests or objectives4 7#e7 ,an overview of the public and private sector tools necessary to address or minimize the leading threats and challenges described in paragraph 7#d7 and to take advantage of the leading opportunities described in that paragraph4 7#f7 ,an assessment of whether the ,united ,states ,government or private sector possesses those tools4 7#g7 ,for each such threat1 challenge1 or opportunity that the ,united ,states ,government or private sector lack sufficient tools to address1 minimize1 or take advantage of1 a detailed plan to develop1 improve1 or foster those tools4 7#h7 ,a plan to utilize available tools to address or minimize the leading threats and challenges and to take advantage of the leading opportunities1 including-- 7,a7 a discussion of the optimal allocation of finite resources and an identification of the risks associated with that allocation2 7,b7 specific objectives1 tasks1 metrics1 and milestones for each relevant ,federal agency2 7,c7 specific plans to eliminate obstacles for the private sector in areas supportive of the global economic security strategy and to maximize the prudent use of public-private partnerships2 7,d7 specific plans to eliminate obstacles to strengthening ,united ,states energy security1 sustainability1 and resilience in areas supportive of the global economic security strategy1 including energy diversity and sustainable management and use of energy resources2 7,e7 specific plans to promote environmental stewardship and fair competition for ,united ,states workers2 7,f7 a description of-- 7i7 how the global economic security strategy supports the national security strategy2 and 7ii7 how the global economic security strategy is integrated and coordinated with the most recent national defense strategy under section #aac7;g7 of title #aj1 ,united ,states ,code2 7,g7 a plan to encourage the governments of countries that are allies or partners of the ,united ,states to cooperate with the execution of the global economic security strategy1 where appropriate2 and 7,h7 a plan to encourage certain international and multilateral organizations to support the implementation of the global economic security strategy4 7#i7 ,an identification of any additional resources or statutory authorizations necessary to implement the global economic security strategy4 7c7 ,form of report ,each report required by subsection 7a7 shall be submitted in unclassified form1 but may include a classified annex4 7d7 ,definitions ,in this section3 7#a7 ,appropriate congressional committees ,the term appropriate congressional committees means-- 7,a7 the ,committee on ,appropriations1 the ,committee on ,armed ,services1 the ,committee on ,banking1 ,housing1 and ,urban ,affairs1 the ,committee on ,commerce1 ,science1 and ,transportation1 the ,committee on ,finance1 and the ,committee on ,foreign ,relations of the ,senate2 and 7,b7 the ,committee on ,appropriations1 the ,committee on ,armed ,services1 the ,committee on ,energy and ,commerce1 the ,committee on ,financial ,services1 the ,committee on ,foreign ,affairs1 and the ,committee on ,ways and ,means of the ,house of ,representatives4 7#b7 ,national security strategy ,the term national security strategy means the national security strategy required by section #ajh of the ,national ,security ,act of #aidg 7#ej ,u4,s4,c4 #cjdc74