,,ii  #aag? ,,congress  #a/ ,session    
,s4 #abid  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,april #ba1 #bjba,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 au?orize ! 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 ( #bjba4    
#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 annually !reaft]1 !       
,presid5t %all submit to ! appropriate  
congressional committees a report-- 7,a7
 id5tify+ any =eign p]son ! ,presid5t   
det]m9es1 dur+ ! p]iod specifi$ 9       
p>agraph 7#b7-- 7i7 has kn[+ly engag$ 91

 or b5efitt$ f1 significant !ft ( trade 
secrets ( ,unit$ ,/ates p]sons1 if ! !ft
 ( su* trade secrets-- 7,i7 occurr$ on  
or aft] su* date ( enactm5t2 &  7,,ii7  
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 has   
provid$ significant f9ancial1 mat]ial1  
or te*nological support =1 or goods or  
s]vices 9 support ( or to b5efit        
significantly f1 su* !ft2  7iii7 is an  
entity t is 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 7i7 or   
7ii72 or  7iv7 is a *ief executive (fic]
 or memb] ( ! bo>d ( directors ( any    
=eign entity id5tifi$ "u clause 7i7 or  
7ii72  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 7iv7 (      
subp>agraph 7,a7 engag$ 91 or b5efitt$  
f1 activity describ$ 9 clause 7i7 or    
7ii7 ( t subp>agraph4  7#b7 ,p]iod      
specifi$ ,! p]iod specifi$ 9 ?is        
p>agraph is-- 7,a7 9 ! case ( ! fir/    
report requir$ by p>agraph 7#a71 ! p]iod
 beg9n+ on ! date ( ! enactm5t ( ?is    
,act & end+ on ! date on :i* ! report is
 requir$ to be submitt$2 &  7,b7 9 !    
case ( ea* subsequ5t report requir$ by  
p>agraph 7#a71 ! "o-ye> p]iod prec$+ !  
date on :i* ! report is requir$ to be   
submitt$4  7#c7 ,=m ( report ,ea* report
 requir$ 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 n less ?an #e ( ! 
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 entity li/ ,!        
,presid5t may include ! entity on !     
entity li/ ma9ta9$ by ! ,bureau (       
,indu/ry & ,security ( ! ,dep>tm5t (    
,comm]ce & set =? 9 ,supplem5t ,no4 #d  
to "p #gdd ( ! ,export ,adm9i/ration    
,regulations1 = activities contr>y to ! 
national security or =eign policy       
int]e/s ( ! ,unit$ ,/ates4  7,c7        
,export-import bank assi/ance = exports 
to sanction$ p]sons ,! ,presid5t may    
direct ! ,export-,import ,bank ( !      
,unit$ ,/ates n to give approval to !   
issuance ( any gu>antee1 insurance1     
ext5sion ( cr$it1 or p>ticipation 9 !   
ext5sion ( cr$it 9 connection ) ! export

 ( any goods or s]vices to ! entity4    
7,d7 ,loans f unit$ /ates f9ancial      
in/itutions ,! ,presid5t may prohibit   
any ,unit$ ,/ates f9ancial in/itution f 
mak+ loans or provid+ cr$its to ! entity
 total+ m ?an #aj1jjj1jjj 9 any #ab-mon?
 p]iod unless ! p]son is engag$ 9       
activities to relieve human suff]+ & !  
loans or cr$its are provid$ = su*       
activities4  7,e7 ,loans f int]national 
f9ancial in/itutions ,! ,presid5t may   
direct ! ,unit$ ,/ates executive        
director to ea* int]national f9ancial   
in/itution to use ! voice & vote ( !    
,unit$ ,/ates to oppose any loan f !    
int]national f9ancial in/itution t w\ld 
b5efit ! entity4  7,f7 ,prohibitions on 
f9ancial in/itutions ,! foll[+          
prohibitions may be impos$ aga9/ !      
entity if ! entity is a f9ancial        
in/itution3 7i7 ,prohibition on         
designation z prim>y deal] ,nei!r !     
,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve    
,sy/em nor ! ,f$]al ,res]ve ,bank ( ,new
 ,york may designate1 or p]mit !        

cont9uation ( any prior designation (1 !
 f9ancial in/itution z a prim>y deal] 9 
,unit$ ,/ates ,gov]nm5t debt in/rum5ts4 
7ii7 ,prohibition on s]vice z a         
repository ( gov]nm5t funds ,! f9ancial 
in/itution may n s]ve z ag5t ( ! ,unit$ 
,/ates ,gov]nm5t or s]ve z repository = 
,unit$ ,/ates ,gov]nm5t funds4  ,!      
imposition ( ei!r sanction "u clause 7i7
 or 7ii7 %all be treat$ z "o sanction = 
purposes ( ?is subsection1 & !          
imposition ( bo? su* sanctions %all be  
treat$ z #b sanctions = purposes ( ?is  
subsection4  7,g7 ,procurem5t sanction  
,! ,unit$ ,/ates ,gov]nm5t may n        
procure1 or ent] into any contract = !  
procurem5t (1 any goods or s]vices f !  
entity4  7,h7 ,=eign ex*ange ,!         
,presid5t may1 pursuant to su*          
regulations z ! ,presid5t may prescribe1
 prohibit any transactions 9 =eign      
ex*ange t are subject to ! jurisdiction 
( ! ,unit$ ,/ates & 9 :i* ! entity has  
any int]e/4  7,i7 ,bank+ transactions ,!
 ,presid5t may1 pursuant to su*         

regulations z ! ,presid5t may prescribe1
 prohibit any transf]s ( cr$it or       
paym5ts betwe5 f9ancial in/itutions or  
by1 ?r\gh1 or to any f9ancial           
in/itution1 to ! ext5t t su* transf]s or
 paym5ts are subject to ! jurisdiction (
 ! ,unit$ ,/ates & involve any int]e/ ( 
! entity4  7,j7 ,ban on inve/m5t 9      
equity or debt ( sanction$ p]son ,!     
,presid5t may1 pursuant to su*          
regulations or guidel9es z ! ,presid5t  
may prescribe1 prohibit any ,unit$      
,/ates p]son f inve/+ 9 or pur*as+      
significant am\nts ( equity or debt     
in/rum5ts ( ! entity4  7,k7 ,exclusion (
 corporate (fic]s ,! ,presid5t may      
direct ! ,secret>y ( ,/ate to d5y a visa
 to1 & ! ,secret>y ( ,homel& ,security  
to exclude f ! ,unit$ ,/ates1 any ali5 t
 ! ,presid5t det]m9es is a corporate    
(fic] or pr9cipal (1 or a %>ehold] ) a  
controll+ int]e/ 91 ! entity4  7,l7     
,sanctions on pr9cipal executive (fic]s 
,! ,presid5t may impose on ! pr9cipal   
executive (fic] or (fic]s ( ! entity1 or

 on individuals p]=m+ simil> functions &
 ) simil> au?orities z su* (fic] or     
(fic]s1 any ( ! sanctions "u ?is        
p>agraph4  7#b7 ,sanctions applicable to
 individuals ,9 ! case ( an ali5        
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 ( ! ali5 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  
,ineligibility = visas1 admission1 or   
p>ole  7i7 ,visas1 admission1 or p>ole  
,an ali5 describ$ 9 subp>agraph 7,a7 (  
subsection 7a77#a7 is-- 7,i7            
inadmissible to ! ,unit$ ,/ates2  7,,ii7
 ineligible to receive a visa or o!r    
docum5tation to ent] ! ,unit$ ,/ates2 & 

7,,iii7 o!rwise ineligible to be admitt$
 or p>ol$ into ! ,unit$ ,/ates or to    
receive any o!r b5efit "u ! ,immigration
 & ,nationality ,act 7#h ,u4,s4,c4 #aaja
 et seq474  7ii7 ,curr5t visas revok$   
7,i7 ,9 g5]al ,an ali5 describ$ 9       
subp>agraph 7,a7 ( subsection 7a77#a7 is
 subject to revocation ( any visa or o!r
 entry docum5tation reg>dless ( :5 !    
visa or o!r entry docum5tation is or 0  
issu$4  7,,ii7 ,imm$iate effect ,a      
revocation "u subclause 7,i7 %all-- 7aa7
 take effect pursuant to section        
#bba7;i7 ( ! ,immigration & ,nationality
 ,act 7#h ,u4,s4,c4 #abja7;i772 &  7bb7 
cancel any o!r valid visa or entry      
docum5tation t is 9 ! ali5's possession4
  7c7 ,national int]e/ 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 int]e/s ( 
! ,unit$ ,/ates2 &  7#b7 n m ?an #ae    
days aft] issu+ ! waiv]1 submits to !   
appropriate congressional committees a  

notification ( ! waiv] & ! reasons = !  
waiv]4  7d7 ,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 committees1   
be=e ! t]m9ation takes effect1 t ! p]son
 is no long] engag$ 9 ! activity        
id5tifi$ 9 ! report4  7e7               
,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 ( ?is "p 
or any regulation1 lic5se1 or ord] issu$
 to c>ry out ?is section %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  7f7     
,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 ,law en=cem5t activities  
,sanctions "u ?is section %all n apply )
 respect to any au?oriz$ law en=cem5t   
activities ( ! ,unit$ ,/ates4  7#c7     
,exception to comply ) int]national     
agreem5ts ,sanctions "u ?is section %all
 n apply ) respect to ! admission ( an  
ali5 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 or ! ,conv5tion on ,consul>     
,relations1 done at ,vi5na ,april #bd1  

#aifc1 & ent]$ into =ce ,m>* #ai1 #aifg1
 or o!r int]national obligations4  7#d7 
,exception relat+ to importation ( goods
  7,a7 ,9 g5]al ,! au?ority or a        
requirem5t to impose sanctions "u ?is   
section %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  7g7 ,def9itions 
,9 ?is section3 7#a7 ,admission2        
admitt$2 ali52 lawfully admitt$ =       
p]man5t resid5ce ,! t]ms admission1     
admitt$1 ali51 & lawfully admitt$ =     
p]man5t resid5ce h ! mean+s giv5 ^? t]ms
 9 section #aja ( ! ,immigration &      
,nationality ,act 7#h ,u4,s4,c4 #aaja74 
7#b7 ,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#c7 ,export        
adm9i/ration regulations ,! t]m ,export 
,adm9i/ration ,regulations means        
sub*apt] ,c ( *apt] ,,vii ( title #ae1  
,code ( ,f$]al ,regulations4  7#d7      
,=eign entity ,! t]m =eign entity means 
an entity t is n a ,unit$ ,/ates p]son4 
7#e7 ,=eign p]son ,! t]m =eign p]son    
means any p]son t is n a ,unit$ ,/ates  
p]son4  7#f7 ,kn[+ly ,! t]m kn[+ly1 )   
respect to conduct1 a circum/ance1 or a 
result1 means t a p]son has actual k1 or
 %\ld h kn[n1 ( ! conduct1 !            
circum/ance1 or ! result4  7#g7 ,p]son  
,! t]m p]son means an individual or     
entity4  7#h7 ,trade secret ,! t]m trade
 secret has ! mean+ giv5 t t]m 9 section
 #ahci ( title #ah1 ,unit$ ,/ates ,code4
  7#i7 ,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  7,b7 an entity organiz$ "u !   
laws ( ! ,unit$ ,/ates or ( any         
jurisdiction )9 ! ,unit$ ,/ates1 includ+
 a =eign bran* ( su* an entity2 or  7,c7
 any p]son 9 ! ,unit$ ,/ates4