,i #aag? ,,congress #a/ ,session ,h4 ,r4 #ebhf ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,septemb] #ag1 #bjba ,mr4 ,p]ry introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,=eign ,affairs1 & 9 addition to ! ,committees on ,arm$ ,s]vices1 & ,f9ancial ,s]vices1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to e/abli% a ,*9ese ,corporate ,human ,rights ,abus]s ,li/1 & = o!r purposes4 #a4 ,%ort title2 table ( cont5ts2 purpose 7a7 ,%ort title ,?is ,act may be cit$ z ! ,protect+ ,am]icans f ,corporate ,human ,rights ,abus]s ,act4 7b7 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 table ( cont5ts2 purpose4 ,title ,i--,*9ese ,corporate ,human ,rights ,abus]s ,li/ ,sec4 #aja4 ,f9d+s4 ,sec4 #ajb4 ,def9itions2 report on ,*9ese corporate human rights abus]s ) securities trad$ by ,unit$ ,/ates p]sons4 ,sec4 #ajc4 ,*9ese ,corporate ,human ,rights ,abus]s ,li/2 sanctions4 ,title ,,ii--,sanctions aga9/ ,communi/ ,*9ese milit>y companies1 ,*9ese milit>y companies1 & ,*9ese milit>y-indu/rial complex companies ,sec4 #bja4 ,def9itions4 ,sec4 #bjb4 ,sanctions = communi/ ,*9ese milit>y companies & ,*9ese milit>y companies4 ,sec4 #bjc4 ,limitation on judicial review4 7c7 ,purpose ,! purpose ( ?is ,act is to codify into law ! provisions ( ,executive ,ord] #adjcb ( ,june #c1 #bjba 7#hf ,f$4 ,reg4 #cjade2 relat+ to ,address+ ! ,?reat ,f ,securities ,inve/m5ts ,t ,f9ance ,c]ta9 ,companies ( ! ,p's ,republic ( ,*9a71 z 9 effect on ! date ( ! enactm5t ( ?is ,act4 ,i ,*9ese ,corporate ,human ,rights ,abus]s ,li/ #aja4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,9 its #bjbj report to ,congress1 ! bip>tisan ,unit$ ,/ates-,*9a ,economic & ,security ,review ,commission issu$ ! foll[+ key f9d+s3 7,a7 ,z ,beij+ /rategically op5s its f9ancial sector to secure =eign capital & global inve/m5t indices %ift asset allocations t[>d ,*9ese securities1 ,unit$ ,/ates inve/ors' exposure to ! unique & significant risks accumulat$ 9 ,*9a's capital m>kets rises4 ,^! risks c5t] ar\nd ! opacity ( ,*9a's f9ancial sy/em & ,beij+'s int]f]5ce 9 m>ket activity to advance its political objectives4 7,b7 ,increas$ f9ancial exposure to ,*9a ?reat5s to und]m9e ! ef=ts ( ! ,unit$ ,/ates to def5d aga9/ ,*9a's unfair economic practices & protect ! policy int]e/s ( ! ,unit$ ,/ates4 ,sev]al ,*9ese companies includ$ 9 global inve/m5t indices are subject to ,unit$ ,/ates export controls b n inve/m5t re/rictions4 ,?is mismat* enables problematic ,*9ese companies to cont9ue rais+ ,unit$ ,/ates capital & r$uces ! /r5g? ) :i* ! ,unit$ ,/ates c def5d aga9/ companies t ?reat5 national security4 7,c7 ,beij+ cont9ues to d5y ,unit$ ,/ates audit regulators full visibility into ! f9ancials ( ,u4,s4-li/$ ,*9ese companies 9 l9e ) ,unit$ ,/ates acc\nt+ /&>ds4 ,^! evasions f effective regulation & ov]sight1 toge!r ) ,unit$ ,/ates-li/$ ,*9ese companies' complex own]%ip /ructures1 deprive ,unit$ ,/ates inve/ors ( bo? full transp>5cy & ! opportunity = legal r$ress 9 cases ( acc\nt+ fraud1 erod+ ! integrity ( ,unit$ ,/ates capital m>kets4 7#b7 ,! ,*9ese ,communi/ ,p>ty's commitm5t to _! ,milit>y-,civil ,fusion developm5t /rategy1 :i* supports ! mod]nization goals ( ! ,p's ,lib]ation ,army 7,,pla7 by ensur+ its access to advanc$ te*nologies & exp]tise acquir$ & develop$ by ev5 ^? ,*9ese companies1 univ]sities1 & rese>* programs t appe> to be civilian entities1 rema9s a grave ?reat to ! national security ( ! ,unit$ ,/ates4 7#c7 ,! ef=ts ( ! ,gov]nm5t ( ! ,unit$ ,/ates to /ymie ,*9a's utilization ( ,unit$ ,/ates capital m>kets is an ongo+1 multi-ag5cy1 & decades-long ef=t4 ,! colloquially titl$ ,section #abcg ,li/ ( ! ,/rom ,?urmond ,national ,def5se ,au?orization ,act = ,fiscal ,ye> #aiii1 z well z ! ,section #abfj;,h ,li/ ( ! ,william ,m4 7,mac7 ,?ornb]ry ,national ,def5se ,au?orization ,act = ,fiscal ,ye> #bjba1 bo? highlight companies :o pose a s]i\s ?reat to ! national security ( ! ,unit$ ,/ates4 7#d7 ,on ,june #c1 #bjba1 ! ,dep>tm5t ( ,def5se releas$ a li/ ( #dg entities id5tifi$ z ,*9ese milit>y companies op]at+ 9 ! ,unit$ ,/ates 9 accordance ) section #abfj;,h ( ! ,william ,m4 7,mac7 ,?ornb]ry ,national ,def5se ,au?orization ,act = ,fiscal ,ye> #bjba 7,public ,law #aaf-bhc74 7#e7 ,on ,janu>y #ad1 #bjba1 ! ,dep>tm5t ( ,def5se releas$ ! names ( additional ,communi/ ,*9ese milit>y companies op]at+ directly or indirectly 9 ! ,unit$ ,/ates 9 accordance ) ! /atutory requirem5t ( section #abcg ( ! ,national ,def5se ,au?orization ,act = ,fiscal ,ye> #aiii4 ,^? companies includ$3 ,advanc$ ,micro-,fabrication ,equipm5t ,inc4 7,,amec71 ,luokung ,te*nology ,corp4 7,,lkco71 ,xiaomi ,corporation1 ,beij+ ,zhongguancun ,developm5t ,inve/m5t ,c5t]1 ,,g[9 ,semiconductor ,corp1 ,gr& ,*9a ,air ,co4 ,ltd4 7,,gcac71 ,global ,tone ,communication ,te*nology ,co4 ,ltd4 7,,gtcom71 ,*9a ,national ,aviation ,hold+ ,co4 ,ltd4 7,,cnah71 & ,comm]cial ,aircraft ,corporation ( ,*9a1 ,ltd4 7,,comac74 7#f7 ,on ,m>* #ab1 #bjba1 ! ,unit$ ,/ates ,di/rict ,c\rt = ! ,di/rict ( ,columbia issu$ an ord] 9 ,xiaomi ,corporation v4 ,dep>tm5t ( ,def5se 7,case ,no4 #a3ba-;cv-#jjbhj-,,rc7 t =e/all$ ! ,def5se ,dep>tm5t's designation ( ! ,xiaomi ,corporation z a ,communi/ ,*9ese milit>y company4 ,on ,may #f1 #bjba1 ! ,nasdaq-li/$ ,luokung ,te*nology ,corporation became ! second ,*9a-bas$ company to avoid sanctions impos$ "u ,executive ,ord] #aciei4 ,^! companies h be5 able to avoid sanctions because ! ,*9ese ,communi/ ,p>ty actively blocks ,unit$ ,/ates ,gov]nm5t ag5cies f obta9+ in=mation relevant to det]m9+ ! own]%ip & control ( ,*9a-bas$ ent]prises4 7#g7 ,sev]al ,*9ese milit>y or milit>y relat$ companies1 z well z surveillance & te*nology companies1 includ+ ,hikvision1 a major manufactur] ( video surveillance equipm5t1 mat]ially contribute to ei!r ! ongo+ g5ocide 9 ,x9jiang or to o!r gross violations ( int]nationally recogniz$ human rights across ! ,p's ,republic ( ,*9a 7,,prc74 7#h7 ,on ,janu>y #ai1 #bjba1 !n-,secret>y ( ,/ate ,mi*ael ,r4 ,pompeo det]m9$ t ! ,*9ese ,communi/ ,p>ty 7,,ccp7 has committ$ g5ocide aga9/ ! pr$om9antly ,muslim ,uyghurs & o!r e?nic & religi\s m9ority gr\ps 9 ,x9jiang4 7#i7 ,!n-,secret>y ,pompeo's designation cit$ ! ,/ate ,dep>tm5t's exhau/ive docum5tation ( ,,ccp human rights abuses 9 ,x9jiang1 indicat+ t s9ce at lea/ ,m>* #bjag1 local au?orities dramatically escalat$ _! decades-long campaign ( repression aga9/ ,uyghur ,muslims & memb]s ( o!r e?nic & religi\s m9ority gr\ps1 includ+ e?nic ,kazakhs & e?nic ,kyrgyz4 7#aj7 ,! g5ocide det]m9ation also cit$ ! ,,ccp's regul> dehumanization ( ! ,uyghur p 9 ,x9jiang1 includ+ by label+ !m z malignant tumors1 cit+ ! ,islamic fai? z a communicable plague1 & ju/ify+ ! grotesque treatm5t ( ! ,uyghur p 9 />k1 unsettl+ t]ms3 y c't uproot all ! we$s hidd5 among ! crops 9 ! field "o-by-"o2 y ne$ to spray *emicals to kill !m all4 7#aa7 ,on ,april #ba1 #bjba1 ! ,unit$ ,/ates ,h\se ,committee on ,=eign ,affairs approv$ )\t objection ,h4,r4 #aaee1 :i* affirm$ t ! ,,prc1 s9ce #bjag1 has arbitr>ily deta9$ z _m z #a4h million ,uyghurs1 ,kazakhs1 ,kyrgyz1 & memb]s ( o!r ,muslim m9ority gr\ps 9 a sy/em ( extrajudicial mass int]nm5t camps1 9 addition to arbitr>ily deta9+ _m 9 =mal prisons & det5tion c5t]s1 & has subject$ deta9ees to =c$ labor1 torture1 political indoctr9ation1 & o!r sev]e human rights abuses4 7#ab7 ,! ,/ate ,dep>tm5t's ,janu>y #bjba g5ocide designation fur!r cit$ ! =c$ /]ilization ( ,uyghur & o!r m9ority wom51 ) ! purpose ( elim9at+ ! m9ority population 9 ,x9jiang4 7#ac7 ,m$ia report+ has docum5t$ widespread & sy/emic ef=ts by ,,prc au?orities to =ce ,uyghur wom5 to take contraceptives or to subject !m to /]ilization or abortion1 ?reat5+ to deta9 ^? :o d n comply4 7#ad7 ,9 _m det5tion facilities & labor camps across ! ,,prc1 ,falun ,gong prison]s ( consci5ce h at times compris$ ! majority ( ! population1 & h be5 said to receive ! longe/ s5t5ces & ! wor/ treatm5t1 includ+ torture4 7#ae7 ,! p]secution & kill+ ( religi\s & political prison]s = any purpose1 includ+ = ! purpose ( sell+ _! organs = transplant1 is an egregi\s & intol]able violation ( ! fundam5tal "r to life4 7#af7 ,on ,novemb] #ah1 #bjbj1 ! ,unit$ ,/ates ,h\se ( ,repres5tatives approv$ )\t objection ,h4 ,res4 #fig1 :i* affirms ! cultural & religi\s significance ( ! goal ( g5u9e autonomy = ! p ( ,tibet & ! deep bond betwe5 ! ,am]ican & ,tibetan p4 7#ag7 ,! ,=eign ,relations ,au?orization ,act1 ,fiscal ,ye>s #aiib & #aiic e/abli%$1 ) respect to ,tibet1 ! foll[+ s5se ( ,congress3 ,x is ! policy ( ! ,unit$ ,/ates to oppose aggression & o!r illegal uses ( =ce by "o c\ntry aga9/ ! sov]eignty ( ano!r z a mann] ( acquir+ t]ritory1 & to condemn violations ( int]national law1 includ+ ! illegal occupation ( "o c\ntry by ano!r44 7#ah7 ,protect+ ,unit$ ,/ates capital m>kets aga9/ ,,prc-bas$ companies t support ! ,,pla's mod]nization ef=ts or else aid & abet grotesque & b>b>ic violations ( int]nationally recogniz$ human rights is a national security imp]ative4 7#ai7 ,z argu$ by ! ,uyghur ,human ,rights ,project3 ,x is /ill legal = %>ehold]s to make pr(its f own]%ip ( ^! complicit ,*9ese companies1 "s ( :i* are publicly trad$1 includ+ ?r\gh em]g+ m>kets indexes4 ,x is "t = mu* m s]i\s action3 no ,u4,s4 p]sons %\ld be p]mitt$ to hold ! /ocks & bonds ( ! ,*9ese companies t are "u ,u4,s4 human rights sanctions44 #ajb4 ,def9itions2 report on ,*9ese corporate human rights abus]s ) securities trad$ by ,unit$ ,/ates p]sons 7a7 ,def9itions ,9 ?is title3 7#a7 ,affiliate ,! t]m affiliate-- 7,a7 has ! mean+ giv5 su* t]m 9 section #bcj4dje ( title #ag1 ,code ( ,f$]al ,regulations 7z 9 effect on ! date ( ! enactm5t ( ?is ,act72 7,b7 means a p]son t is closely associat$ ) ano!r p]son typically 9 a dep5d5t or subord9ate position2 or 7,c7 means a p]son t has a common purpose or %>$ *>act]i/ics ) ano!r p]son4 7#b7 ,appropriate committees ( ,congress ,! t]m appropriate committees ( ,congress means-- 7,a7 ! ,committee on ,=eign ,relations1 ! ,select ,committee on ,intellig5ce1 ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs1 & ! ,committee on ,arm$ ,s]vices ( ! ,s5ate2 & 7,b7 ! ,committee on ,=eign ,affairs1 ! ,p]man5t ,select ,committee on ,intellig5ce1 ! ,committee on ,f9ancial ,s]vices1 & ! ,committee on ,arm$ ,s]vices ( ! ,h\se ( ,repres5tatives4 7#c7 ,cov]$ entity ,! t]m cov]$ entity-- 7,a7 means an entity id5tifi$ 9 ! report requir$ by subsection 7b72 & 7,b7 includes any affiliate ( su* entity4 7#d7 ,entity ,! t]m entity means a gov]nm5t or in/rum5tality ( su* gov]nm5t1 p>tn]%ip1 association1 tru/1 jo9t v5ture1 corporation1 gr\p1 subgr\p1 or o!r organization4 7#e7 ,p]son ,! t]m p]son means an individual or entity4 7#f7 ,,prc ,! t]m ,,prc means ! ,p's ,republic ( ,*9a4 7#g7 ,publicly trad$ securities ,! t]m publicly trad$ securities includes any security 7z def9$ 9 section #c7;a7 ( ! ,securities ,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4 #gh771 d5om9at$ 9 any curr5cy t trades on a securities ex*ange or ?r\gh ! me?od ( trad+ t is commonly ref]r$ to z ov]-!-c\nt]1 9 any jurisdiction4 7#h7 ,transaction ,! t]m transaction means ! pur*ase = value1 or sale1 ( any publicly trad$ security4 7#i7 ,unit$ ,/ates p]son ,! t]m ,unit$ ,/ates p]son means-- 7,a7 any ,unit$ ,/ates citiz51 p]man5t resid5t ali51 or entity 7includ+ =eign bran*es7 organiz$ "u ! laws ( ! ,unit$ ,/ates or any jurisdiction )9 ! ,unit$ ,/ates2 or 7,b7 any p]son 9 ! ,unit$ ,/ates4 7b7 ,report 7#a7 ,9 g5]al ,n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is ,act1 & annually !reaft] = #e ye>s1 ! ,secret>y ( ,/ate1 9 consultation ) ! ,director ( ,national ,intellig5ce & ! ,secret>y ( ! ,treasury1 %all submit to ! appropriate committees ( ,congress a report t describes ! risks pos$ to ! ,unit$ ,/ates by ! pres5ce 9 ,unit$ ,/ates capital m>kets ( entities incorporat$ 9 ! ,,prc1 or entities own$1 controll$1 or are entitl$ to a %>e ( ! pr(its ( entities incorporat$ 9 ! ,,prc4 7#b7 ,matt]s to be includ$ ,! report requir$ by p>agraph 7#a7 %all-- 7,a7 id5tify entities describ$ 9 p>agraph 7#a7-- 7i7 ^: %>es are publicly trad$ by ,unit$ ,/ates p]sons2 7ii7 bas$ on ! factors = consid]ation describ$ 9 p>agraph 7#c71 h kn[+ly & mat]ially contribut$ to-- 7,i7 activities t bo? und]m9e & pose an unusual & extraord9>y ?reat to ! national security1 =eign policy1 or economy ( ! ,unit$ ,/ates2 7,,ii7 s]i\s abuses ( int]nationally recogniz$ human rights2 or 7,,iii7 a sub/antially increas$ f9ancial risk exposure = ,unit$ ,/ates-bas$ inve/ors2 7,b7 describe ! activities ( entities id5tifi$ pursuant to subp>agraph 7,a7 & ! implications ( su* activities = ! ,unit$ ,/ates2 7,c7 develop policy recomm5dations = ! ,unit$ ,/ates ,gov]nm5t1 ,/ate gov]nm5ts1 ,unit$ ,/ates f9ancial in/itutions1 ,unit$ ,/ates equity & debt ex*anges1 & o!r relevant /akehold]s to address ! risks pos$ by ! pres5ce 9 ,unit$ ,/ates capital m>kets ( entities id5tifi$ pursuant to subp>agraph 7,a72 & 7,d7 id5tify entities describ$ 9 p>agraph 7#a7 t are includ$ on ! entity li/4 7#c7 ,factors = consid]ation ,! factors = consid]ation describ$ 9 ?is p>agraph1 ) respect to an entity1 are :e!r or ! ext5t to :i* ! entity-- 7,a7 has mat]ially contribut$ to ! developm5t or manufacture1 or sold or facilitat$ procurem5t by ! ,p's ,lib]ation ,army 7,,pla71 ( milit>y equipm5t or compon5t p>ts ( su* equipm5t2 7,b7 has contribut$ to ! con/ruction & milit>ization ( features 9 ! ,s\? ,*9a ,sea2 7,c7 has be5 sanction$ by ! ,unit$ ,/ates or has be5 det]m9$ to h conduct$ bus9ess ) sanction$ entities2 7,d7 has engag$ 9 an act or a s]ies ( acts ( intellectual prop]ty !ft2 7,e7 has engag$ 9 corporate or economic espionage2 7,f7 has contribut$ to ! prolif]ation ( nucle> or missile te*nology 9 violation ( ,unit$ ,nations ,security ,c\ncil resolutions or ,unit$ ,/ates sanctions2 7,g7 has contribut$ to ! repression ( di/9ct religi\s & e?nic gr\ps1 includ+ 9 ! ,uyghur or ,tibet ,autonom\s ,regions2 7,h7 has contribut$ to ! repression ( pro-democracy activi/s1 j\rnali/s1 & publi%]s 9 ,hong ,kong & ?r\gh\t ! ,,prc2 7,i7 has contribut$ to ! developm5t ( te*nologies t enable c5sor%ip direct$ or directly support$ by ! ,,prc gov]nm5t2 7,j7 has fail$ to comply fully )-- 7i7 ! securities laws 7z def9$ 9 section #c7;a7 ( ! ,securities ,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4 #gh;c772 7ii7 a requir$ audit by ! ,public ,company ,acc\nt+ ,ov]sight ,bo>d2 or 7iii7 a mat]ial risk disclosure requirem5t ( ! ,securities & ,ex*ange ,commission2 or 7,k7 has contribut$ to o!r activities or behavior det]m9$ to be relevant by ! ,presid5t4 7#d7 ,=m ,! report requir$ by p>agraph 7#a7 %all be submitt$ 9 unclassifi$ =m1 b may include a classifi$ annex4 7#e7 ,publication ,! unclassifi$ portion ( ! report requir$ by p>agraph 7#a7 %all be made accessible to ! public onl9e ?r\gh publication on a relevant ,unit$ ,/ates ,gov]nm5t website & 9 ! ,f$]al ,regi/]4 7#f7 ,entity li/ def9$ 7,a7 ,9 g5]al ,9 p>agraph 7#b77;,d71 ! t]m entity li/ means ! li/ ma9ta9$ & set =? 9 ,supplem5t ,no4 #d to "p #gdd ( ! ,export ,adm9i/ration ,regulations4 7,b7 ,export ,adm9i/ration ,regulations def9$ ,9 subp>agraph 7,a71 ! t]m ,export ,adm9i/ration ,regulations means ! regulations set =? 9 sub*apt] ,c ( *apt] ,,vii ( title #ae1 ,code ( ,f$]al ,regulations1 or successor regulations4 #ajc4 ,*9ese ,corporate ,human ,rights ,abus]s ,li/2 sanctions 7a7 ,*9ese ,corporate ,human ,rights ,abus]s ,li/ 7#a7 ,9 g5]al ,! ,secret>y ( ,/ate1 act+ ?r\gh ! ,"u ,secret>y ( ,/ate = ,civilian ,security1 ,democracy1 & ,human ,rights & ! head ( ! ,(fice ( ! ,"u ,secret>y ( ,/ate = ,arms ,control & ,int]national ,security1 %all1 bas$ on ! mo/ rec5t in=mation available1 id5tify ea* cov]$ entity t-- 7,a7 is engag$ 91 complicit 91 or o!rwise responsible =1 directly or indirectly1 gross violations ( int]nationally recogniz$ human rights or s]i\s human rights abuses 9 ! ,,prc2 or 7,b7 und]m9es or poses an unusual & extraord9>y ?reat to ! national security1 =eign policy1 or economy ( ! ,unit$ ,/ates1 or o!rwise pres5ts an increas$ f9ancial risk exposure = ,unit$ ,/ates-bas$ inve/ors4 7#b7 ,li/ ,n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is ,act1 & annually !reaft] until ,decemb] #ca1 #bjcj1 ! ,secret>y ( ,/ate %all submit to appropriate committees ( ,congress a li/1 to be kn[n z ! ,*9ese ,corporate ,human ,rights ,abus]s ,li/1 t-- 7,a7 includes ea* cov]$ entity id5tifi$ pursuant to p>agraph 7#a72 & 7,b7 includes1 z applicable1 an explanation z to :y a cov]$ entity t 0 previ\sly id5tifi$ pursuant to p>agraph 7#a7 is no long] s id5tifi$4 7#c7 ,=m ,! li/ requir$ by p>agraph 7#b7 %all be submitt$ 9 unclassifi$ =m1 b may include a classifi$ annex4 7#d7 ,publication ,! unclassifi$ portion ( ! li/ requir$ by p>agraph 7#b7 %all be made accessible to ! public onl9e ?r\gh publication on a relevant ,unit$ ,/ates ,gov]nm5t website & 9 ! ,f$]al ,regi/]4 7#e7 ,transmission to o!r ,f$]al (ficials ,! ,secret>y ( ,/ate %all1 concurr5tly ) ! submission ( ! li/ requir$ by p>agraph 7#b71 transmit a copy ( su* li/ to ! ,secret>y ( ! ,treasury1 & ! ,director ( ,national ,intellig5ce4 ,! ,secret>y ( ,/ate %all also transmit a copy ( su* li/ to ! ,director ( ! ,(fice ( ,=eign ,assets ,control ( ! ,dep>tm5t ( ! ,treasury = imm$iate implem5tation ( ! sanctions describ$ 9 subsection 7b7 aga9/ ^? cov]$ entities includ$ on su* li/4 7#f7 ,revisions to li/ ,! ,secret>y ( ,/ate %all make additions or deletions to ! mo/ rec5t li/ requir$ by p>agraph 7#b7 on an ongo+ basis bas$ on ! late/ in=mation available4 7#g7 ,consultation ,! ,secret>y may consult ) ! head ( any appropriate ,f$]al dep>tm5t or ag5cy 9 mak+ ! det]m9ations describ$ 9 p>agraph 7#a7 & %all transmit a copy ( ! li/ requir$ by p>agraph 7#b7 to ! head ( any su* ,f$]al dep>tm5t or ag5cy = purposes ( su* consultation4 7b7 ,sanctions 7#a7 ,9 g5]al ,! pur*ase or sale by a ,unit$ ,/ates p]son ( any publicly trad$ securities1 or any publicly trad$ securities t are d]ivative ( su* securities or are design$ to provide inve/m5t exposure to su* securities1 ( any cov]$ entity designat$ by ! ,secret>y ( ,/ate = placem5t on ! ,*9ese ,corporate ,human ,rights ,abus]s ,li/ is prohibit$4 7#b7 ,effective date ,! prohibitions 9 p>agraph 7#a7 %all take effect3 7,a7 ,beg9n+ at #ab3ja a4m4 ea/]n daylight "t on ,augu/ #b1 #bjba1 ) respect to any cov]$ entity includ$ on ! li/ requir$ by subsection 7a77#b7 on su* date4 7,b7 ,beg9n+ at #ab3ja a4m4 ea/]n daylight "t on ! date t is #fj days aft] ! date ( ! det]m9ation 9 subsection 7a7 ) respect to any cov]$ entity subsequ5tly includ$ on ! li/ requir$ by subsection 7a77#b74 7#c7 ,dive/m5t ,! pur*ase or sale ( publicly trad$ securities describ$ 9 p>agraph 7#a7 made solely to effect ! dive/m5t1 9 :ole or 9 "p1 ( su* securities by a ,unit$ ,/ates p]son is p]mitt$ prior to3 7,a7 #ab3ja a4m4 ea/]n daylight "t on ,june #c1 #bjbb1 ) respect to any cov]$ entity includ$ on ! li/ requir$ by subsection 7a77#b7 on su* date4 7,b7 #ab3ja a4m4 ea/]n daylight "t on ! date t is #cfe days aft] ! date ( ! det]m9ation 9 subsection 7a7 ) respect to any cov]$ entity subsequ5tly includ$ on ! li/ requir$ by subsection 7a77#b74 7#d7 ,rule ( application ,?is subsection %all apply except to ! ext5t provid$ by /atutes1 or 9 regulations1 ord]s1 directives1 or lic5ses t may be issu$ pursuant to ?is ,act1 & not)/&+ any contract ent]$ into or any lic5se or p]mit grant$ be=e ! date ( ?is ,act4 7#e7 ,evasion ( sanctions 7,a7 ,9 g5]al ,! foll[+ actions are prohibit$3 7i7 ,any transactions by a ,unit$ ,/ates p]son or )9 ! ,unit$ ,/ates t evades or avoids1 has ! purpose ( evad+ or avoid+1 causes a violation (1 or attempts to violate ! prohibitions set =? 9 ?is ,act4 7ii7 ,any conspiracy =m$ to violate any ( ! prohibitions set =? 9 ?is ,act4 7,b7 ,p5alties ,! au?orization provid$ 9 p>agraph 7#f7 may be us$ to apply p5alties provid$ = 9 subsections 7b7 & 7c7 ( section #bjf ( ! ,int]national ,em]g5cy ,economic ,p[]s ,act 7#ej ,u4,s4,c4 #agje7 ) respect to a p]son t kn[+ly violates1 attempts to violate1 conspires to violate1 or causes a violation ( regulations promulgat$ "u p>agraph 7#f7 to ! same ext5t t su* p5alties apply to a p]son t kn[+ly commits an unlawful act describ$ 9 section #bjf7;a7 ( t ,act4 7#f7 ,au?orization 7,a7 ,9 g5]al ,! ,secret>y ( ! ,treasury1 aft] consultation ) ! ,secret>y ( ,/ate1 ! ,secret>y ( ,def5se1 ! ,director ( ,national ,intellig5ce1 & ! heads ( o!r executive dep>tm5ts & ag5cies z deem$ appropriate by ! ,secret>y ( ! ,treasury1 is h]eby au?oriz$ to take su* actions1 includ+ ! promulgation ( rules & regulations1 & to employ all p[]s grant$ to ! ,presid5t by ! ,int]national ,em]g5cy ,economic ,p[]s ,act1 to c>ry out ! purposes ( ?is title4 ,! ,secret>y ( ! ,treasury may1 consi/5t ) applicable law1 r$elegate any ( ^! functions )9 ! ,dep>tm5t ( ! ,treasury4 ,all dep>tm5ts & ag5cies %all take all appropriate measures )9 _! au?ority to c>ry out ! provisions ( ?is ,act4 7,b7 ,rules & regulations ,rules & regulations issu$ pursuant to ?is ,act may1 among o!r ?+s1 e/abli% proc$ures to lic5se transactions o!rwise prohibit$ pursuant to ?is ,act4 ,b prior to issu+ any lic5se "u ?is ,act1 ! ,secret>y ( ! ,treasury %all consult ) ! ,secret>y ( ,/ate1 ! ,secret>y ( ,def5se1 & ! ,director ( ,national ,intellig5ce4 ,,ii ,sanctions aga9/ ,communi/ ,*9ese milit>y companies1 ,*9ese milit>y companies1 & ,*9ese milit>y-indu/rial complex companies #bja4 ,def9itions ,9 ?is title3 7#a7 ,affiliate ,! t]m affiliate-- 7,a7 has ! mean+ giv5 su* t]m 9 section #bcj4dje ( title #ag1 ,code ( ,f$]al ,regulations 7z 9 effect on ! date ( ! enactm5t ( ?is ,act72 7,b7 means a p]son t is closely associat$ ) ano!r p]son typically 9 a dep5d5t or subord9ate position2 or 7,c7 means a p]son t has a common purpose or %>$ *>act]i/ics ) ano!r p]son4 7#b7 ,communi/ ,*9ese milit>y company ,! t]m ,communi/ ,*9ese milit>y company-- 7,a7 has ! mean+ giv5 su* t]m 9 section #abcg ( ! ,/rom ,?urmond ,national ,def5se ,au?orization ,act = ,fiscal ,ye> #aiii 7,public ,law #aje-bfa2 #ej ,u4,s4,c4 #agja note72 & 7,b7 includes any affiliate ( su* company4 7#c7 ,*9ese milit>y company2 milit>y-civil fusion contributor ,! t]ms ,*9ese milit>y company & milit>y-civil fusion contributor-- 7,a7 h ! mean+s giv5 su* t]ms 9 section #abfj;,h ( ! ,william ,m4 7,mac7 ,?ornb]ry ,national ,def5se ,au?orization ,act = ,fiscal ,ye> #bjba 7,public ,law #aaf-bhc72 & 7,b7 include any affiliate ( su* company or contributor4 7#d7 ,section #ajb t]ms ,! t]ms p]son1 publicly trad$ security1 & ,unit$ ,/ates p]son h ! mean+s giv5 su* t]ms1 respectively1 9 section #ajb4 7#e7 ,section #abcg ,li/ ,! t]m ,section #abcg ,li/ means ! li/ requir$ by section #abcg ( ! ,/rom ,?urmond ,national ,def5se ,au?orization ,act = ,fiscal ,ye> #aiii4 7#f7 ,section #abfj;,h ,li/ ,! t]m ,section #abfj;,h ,li/ means ! li/ requir$ by section #abfj;,h ( ! ,william ,m4 7,mac7 ,?ornb]ry ,national ,def5se ,au?orization ,act = ,fiscal ,ye> #bjba4 #bjb4 ,sanctions = ,communi/ ,*9ese milit>y companies & ,*9ese milit>y companies 7a7 ,au?orization ,! ,secret>y ( ,def5se is au?oriz$ to include a cov]$ entity on ! ,section #abcg ,li/ or ! ,section #abfj;,h ,li/4 7b7 ,prohibitions 7#a7 ,9 g5]al 7,a7 ,pur*ase or sale ( c]ta9 securities prohibit$ ,! pur*ase or sale by a ,unit$ ,/ates p]son ( any publicly trad$ securities1 or any publicly trad$ securities t are d]ivative ( su* securities or are design$ to provide inve/m5t exposure to su* securities1 ( any p]son describ$ 9 subp>agraph 7,b7 is prohibit$4 7,b7 ,p]sons describ$ ,a p]son describ$ 9 ?is subp>agraph is-- 7i7 a company designat$ by ! ,(fice ( ,=eign ,assets ,control on ! ,non-,,sdn ,*9ese ,milit>y-,indu/rial ,complex ,companies ,li/1 includ+ any affiliate ( su* company2 7ii7 a ,communi/ ,*9ese milit>y company li/$ on ! ,section #abcg ,li/2 7iii7 any p]son t 0 designat$ z a ,communi/ ,*9ese milit>y company on ,june #b1 #bjba1 9 accordance ) section #abcg7;b7 ( ! ,/rom ,?urmond ,national ,def5se ,au?orization ,act = ,fiscal ,ye> #aiii 7#ej ,u4,s4,c4 #agja note72 or 7iv7 a ,*9ese milit>y company or a milit>y-civil fusion contributor li/$ on ! ,section #abfj;,h ,li/4 7#b7 ,effective date ,! prohibitions 9 p>agraph 7#a7 %all take effect3 7,a7 ,beg9n+ at #ab3ja a4m4 ea/]n daylight "t on ,augu/ #b1 #bjba1 ) respect to a p]son designat$ or li/$ on a ,li/ describ$ 9 p>agraph 7#a77;,b7 on su* date4 7,b7 ,) respect to a p]son n describ$ 9 subp>agraph 7,a71 beg9n+ at #ab3ja a4m4 ea/]n daylight "t on ! date t is #fj days aft] a p]son is designat$ or li/$ on a ,li/ describ$ 9 p>agraph 7#a77;,b74 7#c7 ,dive/m5t ,! pur*ase or sale ( publicly trad$ securities describ$ 9 subsection 7b77#a7 made solely to effect ! dive/m5t1 9 :ole or 9 "p1 ( su* securities by a ,unit$ ,/ates p]son is p]mitt$ prior to3 7,a7 #ab3ja a4m4 ea/]n daylight "t on ,june #c1 #bjbb1 ) respect to any p]son describ$ 9 p>agraph 7#b77;,a74 7,b7 #ab3ja a4m4 ea/]n daylight "t on ! date t is #cfe days aft] ! date a p]son is designat$ or li/$ on a ,li/ describ$ 9 p>agraph 7#a77;,b74 7#d7 ,rule ( application ,?is subsection %all apply except to ! ext5t provid$ by /atutes1 or 9 regulations1 ord]s1 directives1 or lic5ses t may be issu$ pursuant to ?is ,act1 & not)/&+ any contract ent]$ into or any lic5se or p]mit grant$ be=e ! date ( ?is ,act4 7#e7 ,evasion ( prohibitions 7,a7 ,9 g5]al ,! foll[+ actions are prohibit$3 7i7 ,any transactions by a ,unit$ ,/ates p]son or )9 ! ,unit$ ,/ates t evades or avoids1 has ! purpose ( evad+ or avoid+1 causes a violation (1 or attempts to violate ! prohibitions set =? 9 ?is ,act4 7ii7 ,any conspiracy =m$ to violate any ( ! prohibitions set =? 9 ?is ,act4 7,b7 ,p5alties ,! au?orization provid$ 9 subsection 7e7 may be us$ to apply p5alties provid$ = 9 subsections 7b7 & 7c7 ( section #bjf ( ! ,int]national ,em]g5cy ,economic ,p[]s ,act 7#ej ,u4,s4,c4 #agje7 ) respect to a p]son t kn[+ly violates1 attempts to violate1 conspires to violate1 or causes a violation ( regulations promulgat$ "u subsection 7e7 to ! same ext5t t su* p5alties apply to a p]son t kn[+ly commits an unlawful act describ$ 9 section #bjf7;a7 ( t ,act4 7c7 ,revisions to li/s ,! ,secret>y ( ,def5se is au?oriz$ to make additions or deletions to ! ,section #abcg ,li/ & ! ,section #abfj;,h ,li/ on an ongo+ basis bas$ on ! late/ in=mation available4 7d7 ,transmission to o!r ,f$]al (ficials ,! ,secret>y ( ,def5se %all1 concurr5tly ) ! publication ( ! ,section #abcg ,li/ & ! ,section #abfj;,h ,li/1 transmit a copy ( su* li/s to ! ,secret>y ( ,/ate1 ! ,secret>y ( ! ,treasury1 & ! ,director ( ,national ,intellig5ce4 ,! ,secret>y ( ,def5se %all also transmit a copy ( li/s to ! ,director ( ! ,(fice ( ,=eign ,assets ,control ( ! ,dep>tm5t ( ! ,treasury = imm$iate implem5tation ( ! prohibitions describ$ 9 subsection 7b7 aga9/ ^? cov]$ entities includ$ on su* li/s4 7e7 ,au?orization 7#a7 ,9 g5]al ,! ,secret>y ( ! ,treasury1 aft] consultation ) ! ,secret>y ( ,/ate1 ! ,secret>y ( ,def5se1 ! ,director ( ,national ,intellig5ce1 & ! heads ( o!r executive dep>tm5ts & ag5cies z deem$ appropriate by ! ,secret>y ( ! ,treasury1 is h]eby au?oriz$ to take su* actions1 includ+ ! promulgation ( rules & regulations1 & to employ all p[]s grant$ to ! ,presid5t by ! ,int]national ,em]g5cy ,economic ,p[]s ,act1 to c>ry out ! purposes ( ?is section4 ,! ,secret>y ( ! ,treasury may1 consi/5t ) applicable law1 r$elegate any ( ^! functions )9 ! ,dep>tm5t ( ! ,treasury4 ,all dep>tm5ts & ag5cies %all take all appropriate measures )9 _! au?ority to c>ry out ! provisions ( ?is section4 7#b7 ,rules & regulations ,rules & regulations issu$ pursuant to ?is section may1 among o!r ?+s1 e/abli% proc$ures to lic5se transactions o!rwise prohibit$ pursuant to ?is section4 ,b prior to issu+ any lic5se "u ?is section1 ! ,secret>y ( ! ,treasury %all consult ) ! ,secret>y ( ,/ate1 ! ,secret>y ( ,def5se1 & ! ,director ( ,national ,intellig5ce4 #bjc4 ,limitation on judicial review 7a7 ,decision by ,secret>y ( ,/ate ,! decision ( ! ,secret>y ( ,/ate z to any "q reg>d+ ! inclusion ( a cov]$ entity on ! li/ requir$ by section #ajc7;a7 %all be f9al & conclusive & may n be review$ by any o!r (ficial or by any c\rt1 :e!r by action 9 ! nature ( m&amus or o!rwise4 7b7 ,decision by ,secret>y ( ,def5se ,! decision ( ! ,secret>y ( ,def5se z to any "q reg>d+ ! inclusion ( a ,communi/ ,*9ese milit>y company1 a ,*9ese milit>y company1 or a milit>y-civil fusion contributor on ei!r ! li/s describ$ 9 section #abcg ( ! ,/rom ,?urmond ,national ,def5se ,au?orization ,act = ,fiscal ,ye> #aiii 7,public ,law #aje-bfa2 #ej ,u4,s4,c4 #agja note7 or 9 section #abfj;,h ( ! ,william ,m4 7,mac7 ,?ornb]ry ,national ,def5se ,au?orization ,act = ,fiscal ,ye> #bjba 7,public ,law #aaf-bhc7 may n be review$ by any (ficial or by any c\rt1 :e!r by action 9 ! nature ( m&amus or o!rwise4 7c7 ,decision by ,secret>y ( ! ,treasury ,! decision ( ! ,secret>y ( ,treasury1 aft] consultation ) ! ,secret>y ( ,/ate & ! ,secret>y ( ,def5se1 z to any "q reg>d+ ! inclusion ( an entity on ! ,(fice ( ,=eign ,assets ,control's ,non-,,sdn ,*9ese ,milit>y-,indu/rial ,complex ,companies ,li/ %all be f9al & conclusive & may n be review$ by any o!r (ficial or by any c\rt1 :e!r by action 9 ! nature ( m&amus or o!rwise4 7d7 ,rules & regulations promulgat$ by ! ,secret>y ( ! ,treasury ,! rules & regulations promulgat$ by ! ,secret>y ( ! ,treasury "u sections #ajc7;b77#f7 & #bjb7;e7 %all be f9al & n subject to any fur!r ag5cy review or to judicial review by any c\rt 7includ+ "u *apt] #g ( title #e1 ,unit$ ,/ates ,code74