,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #fcji  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #af1 #bjba   
,mr4 ,k9z+] introduc$ ! foll[+ bill2 :i*
 0 ref]r$ to ! ,committee on ,ways &    
,means  ,a ,,bill  ,to e/abli% a ,unit$ 
,/ates /rategy to c\nt] ?reats to supply
 *a9s = critical goods1 & = o!r         
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,trade ,enc\rages ,alli$   
,manufactur+ & ,security ,act or !      
,,teams ,act4  #b4 ,s5se ( ,congress ,x 
is ! s5se ( ,congress t--  7#a7 resili5t
 supply *a9s are p>am\nt to our national
 security & economic security2  7#b7 a  
coord9at$ & :ole-(-,gov]nm5t approa* to 
safegu>d+ supply *a9s w b5efit all      
,am]icans & ensure disruptions are      
avoid$ or mitigat$2 &  7#c7 ! ,unit$    
,/ates ,trade ,repres5tative1 9         
coord9ation ) o!r appropriate int]ag5cy 
/akehold]s1 %\ld inc5tivize !           
manufactur+ ( critical goods to increase
 manufactur+ capacity ( ! ,unit$ ,/ates1
 & ( an ally or key int]national p>tn]  

c\ntry1 includ+ by seek+ new & revis$   
trade agreem5ts4  #c4 ,unit$ ,/ates     
/rategy to c\nt] ?reats to supply *a9s =
 critical goods  7a7 ,9 g5]al ,9        
accordance ) ,executive ,ord] #adjag    
7#hf ,f$4 ,reg4 #aahdi2 relat+ to       
,am]ica's supply *a9s71 ! ,unit$ ,/ates 
,trade ,repres5tative1 n lat] ?an #a ye>
 aft] enactm5t ( ?is ,act1 %all develop 
& implem5t a /rategy tak+ a gov]nm5twide
 approa* to support ! resili5ce1        
div]sity1 security1 & /r5g? ( supply    
*a9s4  7b7 ,elem5ts ,! /rategy requir$  
by subsection 7a7 %all include a plan to
 d ! foll[+3 7#a7 ,support a unifi$     
national ef=t to r$uce reliance on      
conc5trat$ supply *a9s & protect aga9/  
?reats f c\ntries ( conc]n relat+ to    
supply *a9s4  7#b7 ,support suffici5t   
access to critical goods by mitigat+    
supply *a9 vuln]abilities1 includ+      
supply *a9s conc5trat$ 9 c\ntries (     
conc]n4  7#c7 ,collaborate ) o!r        
relevant ,f$]al ag5cies to assi/ allies 
or key int]national p>tn]s build        

capacity = manufactur+ critical goods4  
7#d7 ,inc5tivize ?r\gh trade pref]5ces1 
& id5tify tax inc5tives1 loans & loan   
gu>antees1 equity inve/m5t1 & o!r means1
 z appropriate-- 7,a7 = dome/ic         
manufactur]s t manufacture critical     
goods to--  7i7 relocate manufactur+    
facilities1 indu/rial equipm5t1 or      
op]ations relat$ to ! production (      
critical goods f c\ntries ( conc]n to ! 
,unit$ ,/ates or to o!r allies or key   
int]national p>tn]s2 &  7ii7 support    
manufactur+ facilities1 indu/rial       
equipm5t1 or op]ations to increase !    
production ( critical goods & meet dem& 
= su* goods2 &  7,b7 = dome/ic          
manufactur]s t d n manufacture critical 
goods to make necess>y or appropriate   
modifications to exi/+ manufactur+      
facilities1 indu/rial equipm5t1         
manufactur+ te*nology or op]ations 9    
ord] to manufacture #a or m critical    
good4  7#e7 ,/r5g!n & increase trade &  
o!r =ms ( engagem5t betwe5 ! ,unit$     
,/ates & allies or key int]national     

p>tn]s 9 ord] to mitigate--  7,a7 supply
 *a9 vuln]abilities2 &  7,b7 ! effects (
 supply *a9 %ocks4  7#f7 ,id5tify1 9    
coord9ation ) o!r relevant ,f$]al       
ag5cies1 actions relat+ to supply *a9s )
 :i* ! ,unit$ ,/ates might-- 7,a7 raise 
liv+ /&>ds2  7,b7 increase employm5t    
opportunities2  7,c7 address ! und]ly+  
causes ( irregul> migration2 &  7,d7    
improve critical indu/ry supply *a9     
response to supply *a9 %ocks4  7#g7     
,protect aga9/ supply *a9 %ocks f       
c\ntries ( conc]n relat+ to supply *a9s4
  7#h7 ,provide recomm5dations to       
effectuate ! /rategy "u ?is section4    
7c7 ,submission ( /rategy  7#a7 ,9 g5]al
 ,n lat] ?an #dej days aft] ! date ( !  
enactm5t ( ?is ,act1 ! ,unit$ ,/ates    
,trade ,repres5tative %all submit to !  
,committee on ,ways & ,means ( ! ,h\se (
 ,repres5tatives & ! ,committee on      
,f9ance ( ! ,s5ate1 & publi% on !       
website ( ! ,(fice ( ! ,unit$ ,/ates    
,trade ,repres5tative1 a report conta9+ 
! /rategy develop$ "u ?is section4  7#b7

 ,update ,n less ?an once e #d ye>s aft]
 ! date on :i* ! /rategy is submitt$ "u 
p>agraph 7#a71 ! ,unit$ ,/ates ,trade   
,repres5tative %all submit to ,congress 
an update to su* /rategy4  7#c7 ,=m ,!  
report submitt$ "u p>agraph 7#a71 & any 
update submitt$ "u p>agraph 7#b71 %all  
be submitt$ 9 unclassifi$ =m & may      
include a classifi$ annex4  #d4 ,allies 
,trade ,pref]5ce ,program  7a7 ,au?ority
 ,to provide duty-,free treatm5t        
,not)/&+ any o!r provision ( law &      
subject to subsection 7b71 ! ,presid5t1 
act+ ?r\gh ! ,unit$ ,/ates ,trade       
,repres5tative1 is au?oriz$ to provide  
duty-free treatm5t = any eligible       
article f any ally or key int]national  
p>tn] 9 accordance ) ! provisions ( ?is 
section4  7b7 ,designation ( b5efici>y  
c\ntries  7#a7 ,au?ority to designate ,!
 ,unit$ ,/ates ,trade ,repres5tative    
%all engage 9 an int]ag5cy process by   
:i* to designate an ally or key         
int]national p>tn] describ$ 9 section #g
 ( ?is ,act z a b5efici>y c\ntry =      

purposes ( ?is section4  7#b7 ,c\ntries 
ineligible = designation ,! ,unit$      
,/ates ,trade ,repres5tative may n      
designate a c\ntry z a b5efici>y c\ntry 
"u ?is section if su* c\ntry-- 7,a7 does
 n h a democratically elect$ gov]nm5t or
 a m>ket economy2  7,b7 has nationaliz$1
 expropriat$1 or o!rwise seiz$ own]%ip  
or control ( prop]ty own$ by a ,unit$   
,/ates citiz5 or by a corporation1      
p>tn]%ip1 or association t is #ej p]c5t 
or m b5eficially own$ by ,unit$ ,/ates  
citiz5s2  7,c7 af=ds pref]5tial treatm5t
 to ! products ( a develop$ c\ntry1 o!r 
?an ! ,unit$ ,/ates1 :i* has1 or is     
likely to h1 a significant adv]se effect
 on ,unit$ ,/ates comm]ce1 unless--  7i7
 ! ,unit$ ,/ates ,trade ,repres5tative  
receives satisfactory assurances t su*  
pref]5tial treatm5t w be elim9at$ or t  
action w be tak5 to assure t !re w be no
 su* significant adv]se effect2 &  7ii7 
! ,unit$ ,/ates ,trade ,repres5tative   
reports su* assurances to ,congress2    
7,d7 is n a signatory to a treaty1      

conv5tion1 protocol1 or o!r agreem5t    
reg>d+ ! extradition ( ,unit$ ,/ates    
citiz5s2  7,e7 does n af=d & en=ce 9 law
 & practice int]nationally recogniz$    
work] rights = work]s 9 ! c\ntry2 or    
7,f7 is a c\ntry ( conc]n4  7c7         
,eligible articles  7#a7 ,9 g5]al       
,subject to p>agraphs 7#b7 & 7#c71 !    
duty-free treatm5t provid$ "u ?is       
section %all apply to any critical good 
t is ! gr[?1 product1 or manufacture ( a
 b5efici>y c\ntry4  7#b7 ,rules ( orig9 
,! duty-free treatm5t provid$ "u ?is    
section %all apply to any eligible      
article t is ! gr[?1 product1 or        
manufacture ( a b5efici>y c\ntry if--   
7,a7 su* article is import$ directly f  
su* c\ntry into ! cu/oms t]ritory ( !   
,unit$ ,/ates2 &  7,b7 ! sum (-- 7i7 !  
co/ or value ( ! mat]ials produc$ 9 !   
b5efici>y c\ntry or any two or m su*    
c\ntries t are memb]s ( ! same          
association ( c\ntries1 plus  7ii7 !    
direct co/s ( process+ op]ations p]=m$ 9
 su* b5efici>y c\ntry or su* memb]      

c\ntries1  is n less ?an #ce p]c5t ( !  
apprais$ value ( su* article at ! "t x  
is ent]$4  7#c7 ,ineligible articles ,an
 article may n be treat$ z ! gr[?1      
product1 or manufacture ( a b5efici>y   
c\ntry by virtue ( hav+ m]ely und]gone--
  7,a7 simple comb9+ or packag+         
op]ations2 or  7,b7 m]e dilution ) wat] 
or ano!r sub/ance t does n mat]ially    
alt] ! *>act]i/ics ( ! article4  7d7    
,def9itions ,9 ?is section1 ! t]ms ent]$
 & int]nationally recogniz$ work] rights
 h ! mean+s giv5 su* t]ms 9 section #ejg
 ( ! ,trade ,act ( #aigd 7#ai ,u4,s4,c4 
#bdfg74  7e7 ,t]m9ation ,no duty-free   
treatm5t provid$ "u ?is section %all    
rema9 9 effect aft] ,septemb] #cj1      
#bjcj4  #e4 ,tempor>y increas$ exp5s+ = 
relocat+ manufactur+ to ally or key     
int]national p>tn] c\ntries  7a7 ,9     
g5]al ,= purposes ( section #afh7k7 ( ! 
,int]nal ,rev5ue ,code ( #aihf1 9 ! case
 ( any qualifi$ ,unit$ ,/ates           
manufactur+ prop]ty :i* is plac$ 9      
s]vice aft] ,decemb] #ca1 #bjbj1 & be=e 

,janu>y #a1 #bjbf-- 7#a7 su* prop]ty    
%all be treat$ z qualifi$ prop]ty 7)9 ! 
mean+ ( su* section71  7#b7 ! applicable
 p]c5tage o!rwise det]m9$ "u section    
#afh7k77#f7 ( su* ,code ) respect to su*
 prop]ty %all be-- 7,a7 if plac$ 9 !    
,unit$ ,/ates1 #ajj p]c5t1 &  7,b7 if   
plac$ )9 an ally or key int]national    
p>tn] c\ntry1 #fj p]c5t1 &  7#c7        
p>agraph 7#h7 ( su* section %all n      
apply4  7b7 ,qualifi$ unit$ /ates       
manufactur+ prop]ty def9$ ,9 ?is section
 ! t]m qualifi$ ,unit$ ,/ates           
manufactur+ prop]ty means a dome/ic     
corporation t is engag$ 9 ! bus9ess (   
manufactur+ critical goods ) prop]ty    
outside an ally or key int]national     
p>tn] c\ntry t places 9 s]vice tangible 
prop]ty )9 an ally or key int]national  
p>tn] c\ntry4  7c7 ,t]m9ation ,?is      
section %all n apply to any prop]ty     
plac$ 9 s]vice aft] ,decemb] #ca1 #bjbe4
  #f4 ,am]ican security product tax     
cr$it  7a7 ,9 g5]al ,subp>t ,d ( "p ,,iv
 ( sub*apt] ,a ( *apt] #a ( ! ,int]nal  

,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+ new section3  #de,u4  
,am]ican security product tax cr$it  7a7
 ,9 g5]al ,= purposes ( section #ch1 !  
,am]ican security product tax cr$it =   
any taxable ye> is an am\nt equal to--  
7#a7 #cj p]c5t ( ! qualifi$ co/s (      
,am]ican security products manufactur$ 9
 ! ,unit$ ,/ates1 or  7#b7 #ae p]c5t ( !
 qualifi$ co/s ( ,am]ican security      
products manufactur$ 9 an ally or key   
int]national p>tn] c\ntry4  7b7 ,maximum
 cr$it ,! aggregate cr$it det]m9$ "u    
subsection 7a7 = any taxable ye> )      
respect to any taxpay] %all n exce$ !   
excess 7if any7 ( ! taxpay]'s net income
 tax ov] ! great] (-- 7#a7 ! t5tative   
m9imum tax = ! taxable ye>1 or  7#b7 #be
 p]c5t ( s mu* ( ! taxpay]'s net regul> 
tax liability z exce$s #be1jjj4  7c7    
,def9itions ,9 ?is section3  7#a7       
,am]ican security product ,! t]m        
,am]ican security product means-- 7,a7 a
 critical good z su* t]m is def9$ 9     
section #g ( ! ,trade ,enc\rages ,alli$ 

,manufactur+ & ,security ,act2 &  7,b7  
at lea/ #ej p]c5t ( ! value ( :i* %all  
be d]iv$ f compon5ts manufactur$ 9 !    
,unit$ ,/ates4  7#b7 ,qualifi$ co/s ,!  
t]m qualifi$ co/s means co/s incurr$ 9 !
 production ( an ,am]ican security      
product4  7#c7 ,unit$ /ates ,! t]m      
,unit$ ,/ates %all include !            
,commonweal? ( ,pu]to ,rico & !         
,commonweal? ( ! ,nor!rn ,m>iana ,isl&s4
  4  7b7 ,d5ial ( d\ble b5efit ,section 
#bhj;,c ( su* ,code is am5d$ by add+ at 
! end ! foll[+ new subsection3  7i7     
,cr$it = am]ican security products ,no  
d$uction %all be all[$ = t portion (    
exp5ses o!rwise all[able z a d$uction   
tak5 into acc\nt 9 det]m9+ ! cr$it "u   
section #de,u = ! taxable  4  7c7 ,cr$it
 made "p ( g5]al bus9ess cr$it ,section 
#ch7;b7 ( su* ,code is am5d$ by /rik+   
plus at ! end ( p>agraph 7#cb71 by /rik+
 ! p]iod at ! end ( p>agraph 7#cc7 &    
ins]t+ 1 plus1 & by add+ at ! end !     
foll[+ new p>agraph3  7#cd7 ! ,am]ican  
security product tax cr$it det]m9$ "u   

section #de,u4  4  7d7 ,cl]ical am5dm5t 
,! table ( sections = subp>t ,d ( "p    
,,iv ( sub*apt] ,a ( *apt] #a ( su*     
,code is am5d$ by add+ at ! end ! foll[+
 new item3  #de,u4 ,am]ican security    
product tax cr$it4  4  7e7 ,effective   
date ,! am5dm5ts made by ?is section    
%all apply to exp5ses made or incurr$   
beg9n+ on ! fir/ day ( ! fir/ full      
cal5d> qu>t] aft] ! date ( enactm5t (   
?is section4  #g4 ,def9itions ,9 ?is    
,act3  7#a7 ,ally or key int]national   
p>tn]  7,a7 ,9 g5]al ,! t]m ally or key 
int]national p>tn] means a c\ntry       
designat$ by ! ,f$]al ,gov]nm5t1 aft] an
 appropriate int]ag5cy consultation has 
tak5 place among relevant ,f$]al        
ag5cies1 &-- 7i7 is--  7,i7 a memb] /ate
 ( ! ,nor? ,atlantic ,treaty            
,organization 7,,nato72  7,,ii7 a c\ntry
 designat$ z a major non-,,nato ally    
pursuant to section #eag7;a7 ( ! ,=eign 
,assi/ance ,act ( #aifa 7#bb ,u4,s4,c4  
#bcbak7a772 or  7,,iii7 a c\ntry t is   
locat$ 9 ! ,we/]n ,hemisph]e & includ$  

on ! li/ ( c\ntries describ$ 9          
subp>agraph 7,b72 &  7ii7 is n a c\ntry 
( conc]n4  7,b7 ,li/ ( c\ntries describ$
 ,! li/ ( c\ntries describ$ 9 subclause 
7,a77i77,,iii7 are ! foll[+3 ,anguilla1 
,antigua & ,b>buda1 ,arg5t9a1 ,aruba1 ,!
 ,bahamas1 ,b>bados1 ,belize1 ,b]muda1  
,bolivia1 ,brazil1 ,! ,briti% ,virg9    
,isl&s1 ,canada1 ,*ile1 ,colombia1 ,co/a
 ,rica1 ,dom9ica1 ,dom9ican ,republic1  
,ecuador1 ,el ,salvador1 ,gr5ada1       
,guatemala1 ,guyana1 ,haiti1 ,honduras1 
,jamaica1 ,mexico1 ,monts]rat1 ,ne!rl&s 
,antilles1 ,panama1 ,p>aguay1 ,p]u1     
,sa9t ,kitts & ,nevis1 ,sa9t ,lucia1    
,sa9t ,v9c5t & ! ,gr5ad9es1 ,sur9ame1   
,tr9idad & ,tobago1 ,turks & ,caicos    
,isl&s1 ,uruguay1 & ! sov]eign gov]nm5t 
recogniz$ by ! ,unit$ ,/ates 9          
,v5ezuela4  7#b7 ,conc5trat$ ,) respect 
to a supply *a91 ! t]m conc5trat$ means 
a supply *a9 t is--  7,a7 "u a level (  
control or influ5ce by ! gov]nm5t ( a   
c\ntry ( conc]n t pres5ts an            
unreasonable risk to national security  

or economic security2 &  7,b7 subject to
 undue manipulation by ! gov]nm5t ( a   
c\ntry ( conc]n4  7#c7 ,c\ntry ( conc]n 
,! t]m c\ntry ( conc]n means a c\ntry 9 
:i* a conc5trat$ supply *a9 is locat$   
&-- 7,a7 t poses a significant national 
security or economic security ?reat to !
 ,unit$ ,/ates2 &  7,b7 ^: gov]nm5t1 or 
elem5ts ( su* gov]nm5t1 has prov51 or   
has be5 cr$ibly alleg$ to h1 committ$   
crimes aga9/ humanity or g5ocide4  7#d7 
,critical good  7,a7 ,9 g5]al ,! t]m    
critical good means any raw1 9 process1 
or manufactur$ mat]ial 7includ+ any     
m9]al1 metal1 or advanc$ process$       
mat]ial71 article1 commodity1 supply1   
product1 or item ( supply t--  7i7 !    
abs5ce ( :i* w\ld h a significant effect
 on-- 7,i7 ! national security or       
economic security ( ! ,unit$ ,/ates2 &  
7,,ii7 critical infra/ructure2 &  7ii7  
is designat$ z a critical good 9        
accordance ) ! requirem5ts ( subp>agraph
 7,b74  7,b7 ,designation requirem5ts ,n
 lat] ?an #bgj days aft] ! date ( !     

enactm5t ( ?is ,act1 ! ,presid5t %all-- 
7i7 designate critical goods = purposes 
( ?is ,act2  7ii7 provide = a p]iod (   
public comm5t & review 9 c>ry+ out      
clause 7i72 &  7iii7 update !           
designations made "u clause 7i7 n less  
frequ5tly ?an once e f\r ye>s4  7#e7    
,critical infra/ructure ,! t]m critical 
infra/ructure has ! mean+ giv5 to t t]m 
9 ! ,critical ,infra/ructures           
,protection ,act ( #bjja 7#db ,u4,s4,c4 
#eaie;c7e774  7#f7 ,manufacture ,! t]m  
manufacture means any activity t is     
necess>y = or incid5tal to ! developm5t1
 production1 process+1 di/ribution1 or  
deliv]y ( any raw1 9 process1 or        
manufactur$ mat]ial 7includ+ m9]als1    
metals1 & advanc$ process$ mat]ials71   
article1 commodity1 supply1 product1    
critical good1 or item ( supply4  7#g7  
,supply *a9 ,! t]m supply *a9 means a   
supply *a9 = a critical good4  7#h7     
,supply *a9 %ock ,! t]m supply *a9 %ock 
includes ! foll[+3  7,a7 ,a natural     
disa/] or extreme wea!r ev5t4  7,b7 ,an 

accid5tal or human-caus$ ev5t4  7,c7 ,an
 economic disruption4  7,d7 ,a p&emic4  
7,e7 ,a biological ?reat4  7,f7 ,a      
cyb]attack4  7,g7 ,a great p[] conflict4
  7,h7 ,a t]rori/ or geopolitical       
attack4  7,i7 ,a public heal? em]g5cy   
decl>$ by ! ,secret>y ( ,heal? & ,human 
,s]vices pursuant to section #cai ( !   
,public ,heal? ,s]vice ,act 7#db        
,u4,s4,c4 #bdg;d74  7,j7 ,an ev5t = :i* 
! ,presid5t decl>es a major disa/] or an
 em]g5cy "u section #dja or #eja1       
respectively1 ( ! ,rob]t ,t4 ,/af=d     
,disa/] ,relief & ,em]g5cy ,assi/ance   
,act 7#db ,u4,s4,c4 #eagj & #eaia74     
7,k7 ,a national em]g5cy decl>$ by !    
,presid5t "u ! ,national ,em]g5cies ,act
 7#ej ,u4,s4,c4 #afja et seq474  7,l7   
,any o!r supply *a9 disruption or ?reat 
t affects ! national security or        
economic security ( ! ,unit$ ,/ates4