,,ii #aaf? ,,congress #b;d ,session ,s4 #cieb ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,june #aa1 #bjbj,mr4 ,van ,holl5 7= himself & ,mr4 ,sasse7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,a ,,bill ,to require ! imposition ( sanctions ) respect to =eign p]sons t h engag$ 9 significant !ft ( trade secrets ( ,unit$ ,/ates p]sons1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,protect+ ,am]ican ,intellectual ,prop]ty ,act ( #bjbj4 #b4 ,imposition ( sanctions ) respect to !ft ( trade secrets ( ,unit$ ,/ates p]sons 7a7 ,report requir$ 7#a7 ,9 g5]al ,n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is ,act1 & n less frequ5tly ?an e #ahj days !reaft]1 ! ,presid5t %all submit to ! appropriate congressional committees a report-- 7,a7 id5tify+1 = ! #ahj-;day p]iod prec$+ submission ( ! report-- 7i7 any =eign p]son t has engag$ 91 or b5efitt$ f1 significant & s]ial !ft ( trade secrets ( ,unit$ ,/ates p]sons1 if ! !ft ( su* trade secrets is reasonably likely to result 91 or has mat]ially contribut$ to1 a significant ?reat to ! national security1 =eign policy1 or economic heal? or f9ancial /ability ( ! ,unit$ ,/ates2 7ii7 any =eign p]son t has mat]ially assi/$ or sponsor$ su* !ft2 7iii7 any =eign p]son t has provid$ f9ancial1 mat]ial1 or te*nological support =1 or goods or s]vices 9 support ( or to b5efit f1 su* !ft2 7iv7 any entity own$ or controll$ by1 or t has act$ or purport$ to act = or on behalf (1 directly or indirectly1 any =eign p]son id5tifi$ "u clause 7i71 7ii71 or 7iii72 & 7v7 any *ief executive (fic] or memb] ( ! bo>d ( directors ( any =eign entity id5tifi$ "u clause 7i71 7ii71 or 7iii72 & 7,b7 describ+ ! nature1 objective1 & outcome ( ! !ft ( trade secrets ea* =eign p]son describ$ 9 subp>agraph 7,a77i7 engag$ 9 or b5efitt$ f2 & 7,c7 assess+ :e!r any *ief executive (fic] or memb] ( ! bo>d ( directors describ$ 9 clause 7v7 ( subp>agraph 7,a7 engag$ 91 or b5efitt$ f1 activity describ$ 9 clause 7i71 7ii71 or 7iii7 ( t subp>agraph4 7#b7 ,exception ,! ,presid5t is n requir$ to include 9 a report requir$ by p>agraph 7#a7 ! "n ( any =eign p]son t is ! subject ( an active ,unit$ ,/ates law en=cem5t inve/igation4 7#c7 ,=m ( report ,ea* report requir$ by p>agraph 7#a7 %all be submitt$ 9 unclassifi$ =m b may include a classifi$ annex4 7b7 ,au?ority ,to impose sanctions 7#a7 ,sanctions applicable to entities ,9 ! case ( a =eign entity id5tifi$ "u subp>agraph 7,a7 ( subsection 7a77#a7 9 ! mo/ rec5t report submitt$ "u t subsection1 ! ,presid5t %all impose "o ( ! foll[+3 7,a7 ,block+ ( prop]ty ,! ,presid5t may1 pursuant to ! ,int]national ,em]g5cy ,economic ,p[]s ,act 7#ej ,u4,s4,c4 #agja et seq471 block & prohibit all transactions 9 all prop]ty & int]e/s 9 prop]ty ( ! entity if su* prop]ty & int]e/s 9 prop]ty are 9 ! ,unit$ ,/ates1 come )9 ! ,unit$ ,/ates1 or are or come )9 ! possession or control ( a ,unit$ ,/ates p]son4 7,b7 ,inclusion on d5i$ p]sons li/ ,! ,presid5t may include ! entity on ! ,d5i$ ,p]sons ,li/ ma9ta9$ by ! ,bureau ( ,indu/ry & ,security ( ! ,dep>tm5t ( ,comm]ce pursuant to section #gfd4c7;a77#b7 ( ! ,export ,adm9i/ration ,regulations4 7#b7 ,sanctions applicable to individuals ,9 ! case ( an individual id5tifi$ "u subp>agraph 7,a7 ( subsection 7a77#a7 9 ! mo/ rec5t report submitt$ "u t subsection1 ! foll[+ %all apply3 7,a7 ,block+ ( prop]ty ,! ,presid5t %all1 pursuant to ! ,int]national ,em]g5cy ,economic ,p[]s ,act 7#ej ,u4,s4,c4 #agja et seq471 block & prohibit all transactions 9 all prop]ty & int]e/s 9 prop]ty ( ! individual if su* prop]ty & int]e/s 9 prop]ty are 9 ! ,unit$ ,/ates1 come )9 ! ,unit$ ,/ates1 or are or come )9 ! possession or control ( a ,unit$ ,/ates p]son4 7,b7 ,visa ban2 exclusion ,! ,secret>y ( ,/ate %all d5y a visa to ! individual & revoke1 9 accordance ) section #bba7;i7 ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #abja7;i771 any visa or o!r docum5tation ( ! individual1 & ! ,secret>y ( ,homel& ,security %all exclude ! individual f ! ,unit$ ,/ates4 7c7 ,exceptions 7#a7 ,intellig5ce activities ,?is section %all n apply ) respect to activities subject to ! report+ requirem5ts "u title ,v ( ! ,national ,security ,act ( #aidg 7#ej ,u4,s4,c4 #cjia et seq47 or any au?oriz$ intellig5ce activities ( ! ,unit$ ,/ates4 7#b7 ,exception relat+ to importation ( goods 7,a7 ,9 g5]al ,! au?ority to impose sanctions "u p>agraph 7#a77;,a7 or 7#b77;,a7 ( subsection 7b7 %all n include ! au?ority or a requirem5t to impose sanctions on ! importation ( goods4 7,b7 ,good def9$ ,9 ?is p>agraph1 ! t]m good means any article1 natural or manmade sub/ance1 mat]ial1 supply1 or manufactur$ product1 includ+ inspection & te/ equipm5t1 & exclud+ te*nical data4 7#c7 ,exception to comply ) int]national agreem5ts ,subsection 7b77#b77;,b7 %all n apply ) respect to ! admission ( an individual to ! ,unit$ ,/ates if su* admission is necess>y to comply ) ! obligations ( ! ,unit$ ,/ates "u ! ,agreem5t reg>d+ ! ,headqu>t]s ( ! ,unit$ ,nations1 sign$ at ,lake ,success ,june #bf1 #aidg1 & ent]$ into =ce ,novemb] #ba1 #aidg1 betwe5 ! ,unit$ ,nations & ! ,unit$ ,/ates1 "u ! ,conv5tion on ,consul> ,relations1 done at ,vi5na ,april #bd1 #aifc1 & ent]$ into =ce ,m>* #ai1 #aifg1 or "u o!r int]national agreem5ts4 7d7 ,national security waiv] ,! ,presid5t may waive ! imposition ( sanctions "u subsection 7b7 ) respect to a p]son if ! ,presid5t-- 7#a7 det]m9es t su* a waiv] is 9 ! national security int]e/s ( ! ,unit$ ,/ates2 & 7#b7 submits to ! appropriate congressional committees a notification ( ! waiv] & ! reasons = ! waiv]4 7e7 ,t]m9ation ( sanctions ,sanctions impos$ "u subsection 7b7 ) respect to a =eign p]son id5tifi$ 9 a report submitt$ "u subsection 7a7 %all t]m9ate if ! ,presid5t c]tifies to ! appropriate congressional committees t ! p]son is no long] engag$ 9 ! activity id5tifi$ 9 ! report4 7f7 ,implem5tation2 p5alties 7#a7 ,implem5tation ,! ,presid5t may ex]cise all au?orities provid$ "u sections #bjc & #bje ( ! ,int]national ,em]g5cy ,economic ,p[]s ,act 7#ej ,u4,s4,c4 #agjb & #agjd7 to c>ry out ?is section4 7#b7 ,p5alties ,a p]son t violates1 attempts to violate1 conspires to violate1 or causes a violation ( p>agraph 7#a77;,a7 or 7#b77;,a7 ( subsection 7b7 or any regulation1 lic5se1 or ord] issu$ to c>ry out t p>agraph %all be subject to ! p5alties set =? 9 subsections 7b7 & 7c7 ( section #bjf ( ! ,int]national ,em]g5cy ,economic ,p[]s ,act 7#ej ,u4,s4,c4 #agje7 to ! same ext5t z a p]son t commits an unlawful act describ$ 9 subsection 7a7 ( t section4 7g7 ,def9itions ,9 ?is section3 7#a7 ,appropriate congressional committees ,! t]m appropriate congressional committees means-- 7,a7 ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs & ! ,committee on ,=eign ,relations ( ! ,s5ate2 & 7,b7 ! ,committee on ,f9ancial ,s]vices & ! ,committee on ,=eign ,affairs ( ! ,h\se ( ,repres5tatives4 7#b7 ,export adm9i/ration regulations ,! t]m ,export ,adm9i/ration ,regulations means sub*apt] ,c ( *apt] ,,vii ( title #ae1 ,code ( ,f$]al ,regulations4 7#c7 ,=eign entity ,! t]m =eign entity means an entity t is n a ,unit$ ,/ates p]son4 7#d7 ,=eign p]son ,! t]m =eign p]son means a p]son t is n a ,unit$ ,/ates p]son4 7#e7 ,trade secret ,! t]m trade secret has ! mean+ giv5 t t]m 9 section #ahci ( title #ah1 ,unit$ ,/ates ,code4 7#f7 ,p]son ,! t]m p]son means an individual or entity4 7#g7 ,unit$ ,/ates p]son ,! t]m ,unit$ ,/ates p]son means-- 7,a7 a ,unit$ ,/ates citiz5 or an ali5 lawfully admitt$ = p]man5t resid5ce to ! ,unit$ ,/ates2 or 7,b7 an entity organiz$ "u ! laws ( ! ,unit$ ,/ates or ( any jurisdiction )9 ! ,unit$ ,/ates1 includ+ a =eign bran* ( su* an entity4