,,ii #aafth ,,congress #ast ,session ,s4 #cfe ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,february #f1 #bjai,mr4 ,portman 7for himself1 ,mr4 ,jones1 ,ms4 ,ernst1 ,mr4 ,alexander1 ,mrs4 ,feinstein1 ,mrs4 ,fischer1 ,ms4 ,sinema1 ,mr4 ,young1 and ,mr4 ,wicker7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to amend section #bcb of the ,trade ,expansion ,act of #aifb to require the ,secretary of ,defense to initiate investigations and to provide for congressional disapproval of certain actions1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,trade ,security ,act of #bjai4 #b4 ,investigations to determine effects on national security of imports of articles and congressional review of presidential actions 7a7 ,investigations and determinations by ,secretary of ,defense ,section #bcb of the ,trade ,expansion ,act of #aifb 7#ai ,u4,s4,c4 #ahfb7 is amended-- 7#a7 in subsection 7b7-- 7,a7 in paragraph 7#a7-- 7i7 in subparagraph 7,a71 by striking ,secretary of ,commerce and all that follows through ,secretary7 and inserting ,secretary of ,defense2 and 7ii7 in subparagraph 7,b7-- 7,i7 by striking ,secretary shall and inserting ,secretary of ,defense shall2 and 7,,ii7 by striking ,secretary of ,defense of and inserting ,secretary of ,commerce of2 7,b7 in paragraph 7#b7-- 7i7 by striking subparagraph 7,b72 7ii7 in the matter preceding clause 7i7-- 7,i7 by striking 7,a7 ,in and inserting ,in2 and 7,,ii7 by striking ,secretary and inserting ,secretary of ,defense2 and 7iii7 by striking clauses 7i7 through 7iii7 and inserting the following3 7,a7 consult with the ,secretary of ,commerce regarding the methodological and policy questions raised in any investigation initiated under paragraph 7#a72 7,b7 prepare an assessment of the defense requirements and national security impact of any article that is the subject of an investigation1 which shall focus on-- 7i7 the impact of the importation of the article on military readiness and critical infrastructure2 and 7ii7 the need for a reliable supply of the article to protect national security2 7,c7 seek information and advice from the ,secretary of ,commerce2 7,d7 consult with appropriate officers of the ,united ,states2 7,e7 consult with members of the ,committee on ,finance of the ,senate and members of the ,committee on ,ways and ,means of the ,house of ,representatives2 and 7,f7 hold public hearings1 co-chaired with the ,department of ,commerce1 or otherwise afford interested parties an opportunity to present information and advice relevant to such investigation4 2 7,c7 in paragraph 7#c7-- 7i7 by redesignating subparagraph 7,b7 as subparagraph 7,d72 7ii7 by striking subparagraph 7,a7 and inserting the following3 7,a7 ,not later than #bjj days after the date on which the ,secretary of ,defense initiates an investigation under paragraph 7#a7 with respect to an article1 the ,secretary of ,defense shall submit to the ,president a report on the findings of such investigation with respect to the effect of the importation of such article in such quantities or under such circumstances on the national security of the ,united ,states4 7,b7 ,if the report described in subparagraph 7,a7 includes an affirmative finding that the importation of an article in such quantities or under such circumstances threatens to impair the national security1 the ,president may direct the ,secretary of ,commerce to devise recommendations to address such threat4 7,c7 ,not later than #ajj days after receiving from the ,president under subparagraph 7,b7 a direction to devise recommendations with respect to an article1 the ,secretary of ,commerce1 in consultation with the ,united ,states ,trade ,representative1 the ,secretary of ,defense1 members of the ,committee on ,finance of the ,senate1 and members of the ,committee on ,ways and ,means of the ,house of ,representatives1 shall submit to the ,president a report that includes-- 7i7 recommendations for action or inaction under this section with respect to the article2 and 7ii7 the findings of the ,secretary of ,commerce with respect to the investigation by the ,secretary of ,defense under paragraph 7#a74 2 and 7iii7 in subparagraph 7,d71 as redesignated by subparagraph 7,c7-- 7,i7 by striking ,secretary and inserting ,secretary of ,defense2 and 7,,ii7 by inserting or the report submitted by the ,secretary of ,commerce under subparagraph 7,c7 after subparagraph 7,a72 and 7,d7 in paragraph 7#d71 by inserting of ,defense1 in consultation with the ,secretary of ,commerce1 after ,the ,secretary2 7#b7 in subsection 7c77#a71 by striking subparagraph 7,a7 and inserting the following3 7,a7 ,not later than #fj days after receiving recommendations submitted under subsection 7b77#c77;,c77i7 with respect to an article1 the ,president shall-- 7i7 decide whether to take action based on such recommendations2 and 7ii7 if the ,president decides to take action under clause 7i71 determine the nature and duration of the action to be taken to adjust the imports of the article and its derivatives so that such imports will not threaten to impair the national security4 2 7#c7 by redesignating the second subsection 7d7 as subsection 7e72 7#d7 in subsection 7d7-- 7,a7 by striking the ,secretary and the ,president each place it appears and inserting the ,secretary of ,defense1 the ,secretary of ,commerce1 and the ,president2 and 7,b7 by inserting 1 the production of which is needed for national defense requirements and critical infrastructure in the ,united ,states after welfare of individual domestic industries2 and 7#e7 in subsection 7e77#a71 as redesignated by paragraph 7#c71 by striking ,secretary and inserting ,secretary of ,defense4 7b7 ,congressional disapproval of presidential action ,section #bcb7;f7 of the ,trade ,expansion ,act of #aifb 7#ai ,u4,s4,c4 #ahfb7;f77 is amended-- 7#a7 in paragraph 7#a71 by striking of petroleum or petroleum products2 and 7#b7 in paragraph 7#b77;,b7-- 7,a7 by striking petroleum imports and inserting imports2 and 7,b7 by striking of petroleum or petroleum products4 7c7 ,applicability 7#a7 ,in general ,except as provided in paragraph 7#b71 subsection 7f7 of section #bcb of the ,trade ,expansion ,act of #aifb 7#ai ,u4,s4,c4 #ahfb71 as amended by subsection 7b71 shall apply to adjustments of imports under that section on or after ,july #a1 #bjah4 7#b7 ,exception ,subsection 7f7 of section #bcb of the ,trade ,expansion ,act of #aifb 7#ai ,u4,s4,c4 #ahfb71 as amended by subsection 7b71 shall not apply to the presidential actions taken under that section on ,march #h1 #bjah1 relating to the adjustment of imports of steel and aluminum1 or any subsequent actions 7including proclamations1 ,executive orders1 or other ,executive acts7 relating to those presidential actions4