,,ii #aagth ,,congress #ast ,session ,s4 #ccjf ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,december #b1 #bjba,mr4 ,rubio introduced the following bill2 which was read twice and referred to the ,committee on ,commerce1 ,science1 and ,transportation ,a ,,bill ,to prohibit the purchase of certain telecommunications or aerospace goods or service from entities affiliated with the ,people's ,republic of ,china or the ,russian ,federation and to require reporting relating to investment by foreign persons in the aerospace industry in the ,united ,states1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,space ,protection of ,american ,command and ,enterprise ,act or the ,,space ,act4 #b4 ,definitions ,in this ,act3 7#a7 ,covered entity ,the term covered entity means an entity-- 7,a7 that is a ,united ,states business2 and 7,b7 the business of which relates to exploration1 manufacturing1 telecommunications1 or national security activities involving space4 7#b7 ,foreign person ,the term foreign person means a person that is not a ,united ,states person4 7#c7 ,united ,states person ,the term ,united ,states person means-- 7,a7 a ,united ,states citizen or an alien lawfully admitted to the ,united ,states for permanent residence2 and 7,b7 an entity organized under the laws of the ,united ,states or any jurisdiction within the ,united ,states 7including any foreign branch of such an entity74 #c4 ,report on space investment competition from the ,people's ,republic of ,china and the ,russian ,federation 7a7 ,in general ,not later than #ahj days after the date of the enactment of this ,act1 the ,national ,space ,council shall submit to ,congress a report on space investment competition from the ,people's ,republic of ,china and the ,russian ,federation4 7b7 ,elements ,the report required by subsection 7a7 shall include the following3 7#a7 ,a description of commercial investment activities used by the ,people's ,republic of ,china and the ,russian ,federation to produce technologies and devices for space activities and programs1 including-- 7,a7 launch vehicles and technologies2 7,b7 satellites and telecommunications equipment and services2 7,c7 manned spaceships1 cargo spaceships1 deep space explorers1 and space stations2 7,d7 nuclear missiles1 conventional ground-to-ground missiles1 and air and missile defense equipment2 7,e7 space and zero-gravity manufacturing2 7,f7 space-based precious minerals excavation and exploration technologies2 7,g7 space-based solar power technologies2 and 7,h7 any other critical technologies and investment activities as determined by the ,national ,space ,council1 particularly activities conducted by-- 7i7 ,china ,aerospace ,science and ,industry ,corporation ,limited2 7ii7 ,china ,aerospace ,science and ,technology ,corporation2 7iii7 the ,china ,national ,space ,administration2 7iv7 the ,bei,dou ,satellite ,navigation ,experimental ,system2 7v7 the ,government of the ,people's ,republic of ,china2 or 7vi7 the ,people's ,liberation ,army4 7#b7 ,an assessment of military-civil fusion activities in the ,people's ,republic of ,china and the ,russian ,federation regarding space-related investments1 including-- 7,a7 converting space-related technologies and resources to civilian entities2 7,b7 increasing commercial enterprise participation in space-related investments2 and 7,c7 using investment vehicles affiliated with the ,people's ,republic of ,china or the ,russian ,federation to acquire critical technologies in other countries4 7#c7 ,an assessment of and recommendation to strengthen the ability of the ,united ,states to protect the intellectual property and critical technologies of the ,united ,states regarding space-related investments from export1 transfer1 and foreign theft or imitation1 particularly from entities affiliated with the ,government of the ,people's ,republic of ,china or the ,government of the ,russian ,federation4 7#d7 ,a review and assessment of the research1 technology1 and commercial ties between the ,united ,states and the ,people's ,republic of ,china and the ,russian ,federation regarding space-related investments to assess exposure and risks that may contribute to the development or enhancement of the space capabilities of the ,people's ,republic of ,china and the ,russian ,federation4 7#e7 ,an interagency strategy-- 7,a7 to defend supply chains of the ,united ,states that are critical to competitiveness in space2 and 7,b7 to ensure that the ,united ,states remains the preeminent commercial leader in the global space industry4 #d4 ,prohibition on use of funds to purchase certain telecommunications or aerospace goods or service from entities associated with the ,government of the ,people's ,republic of ,china or the ,communist ,party of ,china ,no funds made available to the ,department of ,commerce or the ,national ,aeronautics and ,space ,administration may be used to purchase or lease telecommunications or aerospace hardware or software equipment or services from any telecommunications or aerospace corporation1 subsidiary1 or affiliate associated with any of the following3 7#a7 ,the ,government of the ,people's ,republic of ,china4 7#b7 ,the ,communist ,party of ,china4 7#c7 ,the ,people's ,liberation ,army4 7#d7 ,the ,china ,national ,space ,administration4 7#e7 ,china ,aerospace ,science and ,industry ,corporation ,limited4 7#f7 ,china ,aerospace ,science and ,technology ,corporation4 7#g7 ,the ,bei,dou ,satellite ,navigation ,experimental ,system4 7#h7 ,any ,communist ,chinese military company identified by the ,secretary of ,defense under section #abcg7;b7 of the ,strom ,thurmond ,national ,defense ,authorization ,act for ,fiscal ,year #aiii 7#ej ,u4,s4,c4 #agja note2 ,public ,law #aje-bfa74 #e4 ,,sec reporting 7a7 ,definitions ,in this section-- 7#a7 the term ,commission means the ,securities and ,exchange ,commission2 7#b7 the term ,schedule #ac;,d means a statement containing the information required under section #bdj4ac;d-#aja of title #ag1 ,code of ,federal ,regulations1 or any successor regulation2 and 7#c7 the term ,schedule #ac;,g means a statement containing the information required under section #bdj4ac;d-#ajb of title #ag1 ,code of ,federal ,regulations1 or any successor regulation4 7b7 ,reporting required ,notwithstanding section #bdj4ac;d-#a of title #ag1 ,code of ,federal ,regulations1 or any successor regulation1 the ,commission shall require any person who1 after acquiring directly or indirectly the beneficial ownership of any equity security of a class which is specified in paragraph 7i7 of such section #bdj4ac;d-#a and that is issued by a covered entity1 is directly or indirectly the beneficial owner of more than #b percent of the class1 to file with the ,commission ,schedule #ac;,d or ,schedule #ac;,g1 as determined under such section #bdj4ac;d-#a4 7c7 ,updates to rules ,the ,commission may make any updates to the rules of the ,commission that may be necessary as a result of this section4 #f4 ,annual report on foreign investment in ,united ,states exploration1 manufacturing1 telecommunications1 and national security involving space 7a7 ,in general ,not later than #a year after the date of the enactment of this ,act1 and annually thereafter1 the ,secretary of ,defense1 in coordination with the ,secretary of ,commerce and the ,secretary of the ,treasury1 shall submit to ,congress a report on investment by foreign persons in activities conducted in the ,united ,states or by ,united ,states persons relating to exploration1 manufacturing1 telecommunications1 or national security activities involving space4 7b7 ,elements ,the report required by subsection 7a7 shall include-- 7#a7 the country of origin of the foreign person2 7#b7 the source of funds for investment by the foreign person in space2 and 7#c7 any other information that the ,secretary of ,defense considers appropriate4 7c7 ,form ,the report required by subsection 7a7 shall be submitted in unclassified form but may contain a classified annex4