,,ii  #aafth ,,congress  #b;d ,session  
,s4 #dded  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,august #e1    
#bjbj,mr4 ,kennedy introduced the       
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to require the review by the   
,committee on ,foreign ,investment in   
the ,united ,states of greenfield       
investments by the ,people's ,republic  
of ,china1 and for other purposes4  #a4 
,short title ,this ,act may be cited as 
the ,exposing ,china's ,belt and ,road  
,investment in ,america ,act of #bjbj4  
#b4 ,review by ,committee on ,foreign   
,investment in the ,united ,states of   
greenfield investments by ,people's     
,republic of ,china  7a7 ,inclusion in  
definition of covered transaction       
,section #gba7;a77#d7 of the ,defense   
,production ,act of #aiej 7#ej ,u4,s4,c4
 #defe7;a77#d77 is amended-- 7#a7 in    
subparagraph 7,a7-- 7,a7 in clause 7i71 
by striking 2 and and inserting a       

semicolon2  7,b7 in clause 7ii71 by     
striking the period at the end and      
inserting 2 and2 and  7,c7 by adding at 
the end the following3  7iii7 any       
transaction described in subparagraph   
7,b77vi7 proposed or pending on or after
 the date of the enactment of the       
,exposing ,china's ,belt and ,road      
,investment in ,america ,act of #bjbj4  
2 and  7#b7 in subparagraph 7,b71 by    
adding at the end the following3  7vi7  
,an investment by a foreign person      
that-- 7,i7 involves-- 7aa7 the         
completed or planned purchase or lease  
by1 or a concession to1 the foreign     
person of private or public real estate 
in the ,united ,states2 and  7bb7 the   
establishment of a ,united ,states      
business to operate a factory or other  
facility on that real estate2 and       
7,,ii7 could result in control1         
including through formal or informal    
arrangements to act in concert1 of that 
,united ,states business by-- 7aa7 the  
,government of the ,people's ,republic  

of ,china2  7bb7 a person owned or      
controlled by1 or acting on behalf of1  
that ,government2  7cc7 an entity in    
which that ,government has1 directly or 
indirectly1 including through formal or 
informal arrangements to act in concert1
 a #e percent or greater interest2  7dd7
 an entity in which that ,government    
has1 directly or indirectly1 the right  
or power to appoint1 or approve the     
appointment of1 any members of the board
 of directors1 board of supervisors1 or 
an equivalent governing body 7including 
external directors and other individuals
 who perform the duties usually         
associated with such titles7 or officers
 7including the president1 senior vice  
president1 executive vice president1 and
 other individuals who perform duties   
normally associated with such titles7 of
 any other entity that held1 directly or
 indirectly1 including through formal or
 informal arrangements to act in        
concert1 a #e percent or greater        
interest in the entity in the preceding 

#c years2 or  7ee7 an entity in which   
any members or officers described in    
item 7dd7 of any other entity holding1  
directly or indirectly1 including       
through formal or informal arrangements 
to act in concert1 a #e percent or      
greater interest in the entity are      
members of the ,chinese ,communist      
,party or have been members of the      
,chinese ,communist ,party in the       
preceding #c years4  4  7b7 ,definition 
of ,government of ,people's ,republic of
 ,china ,section #gba7;a7 of the        
,defense ,production ,act of #aiej 7#ej 
,u4,s4,c4 #defe7;a77 is amended-- 7#a7  
by redesignating paragraphs 7#h7 through
 7#ac7 as paragraphs 7#i7 through 7#ad71
 respectively2 and  7#b7 by inserting   
after paragraph 7#g7 the following3     
7#g7 ,government of ,people's ,republic 
of ,china ,the term ,government of the  
,people's ,republic of ,china includes  
the national and subnational governments
 within the ,people's ,republic of      
,china1 including any departments1      

agencies1 or instrumentalities of such  
governments4  4  7c7 ,mandatory filing  
of declarations ,section                
#gba7;b77#a77;,c77v77,,iv77bb7 of the   
,defense ,production ,act of #aiej 7#ej 
,u4,s4,c4                               
#defe7;b77#a77;,c77v77,,iv77bb77 is     
amended by adding at the end the        
following3 7,,dd7 ,greenfield           
investments by ,people's ,republic of   
,china ,the parties to a covered        
transaction described in subsection     
7a77#d77;,b77vi7 shall submit a         
declaration described in subclause 7,i7 
with respect to the transaction4 4