,,ii #aagth ,,congress #b;d ,session ,s4 #daab ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,april #bh1 #bjbb,mr4 ,menendez introduced the following bill2 which was read twice and referred to the ,committee on ,foreign ,relations ,a ,,bill ,to address issues involving the economic statecraft of the ,united ,states1 and for other purposes4 #a4 ,short title 7a7 ,short title ,this ,act may be cited as the ,economic ,statecraft for the ,twenty-,first ,century ,act4 7b7 ,table of contents ,the table of contents for this ,act is as follows3 ,sec4 #a4 ,short title4,sec4 #b4 ,findings4,,title ,i--,confront,subtitle ,a--,economic coercion,sec4 #aja4 ,mandatory disclosure of ,chinese debt in aid-related applications4,sec4 #ajb4 ,coordination with the ,organisation for ,economic ,co-operation and ,development on ,chinese engagement4,sec4 #ajc4 ,countering ,chinese ,economic ,coercion ,task ,force4,sec4 #ajd4 ,strategy to counter ,chinese economic coercion on countries and entities that support ,taiwan4,subtitle ,b--,investment security,sec4 #aaa4 ,provision of assistance to allies and partners with respect to reviewing foreign investment4,subtitle ,c--,anti-competition,sec4 #aba4 ,improvement of anti-counterfeiting measures4,sec4 #abb4 ,intellectual property violators list4,sec4 #abc4 ,report on subsidies provided by ,government of ,people's ,republic of ,china4,subtitle ,d--,supply chains,sec4 #aca4 ,definitions4,sec4 #acb4 ,department of ,state diplomatic strategy on semiconductor manufacturing equipment export controls4,sec4 #acc4 ,prohibition on commercial export of semiconductor manufacturing equipment to ,people's ,republic of ,china4,sec4 #acd4 ,annual semiconductor industry monitoring report on the ,people's ,republic of ,china4,sec4 #ace4 ,supply chain coordination4,sec4 #acf4 ,statement of policy on international cooperation to secure critical mineral supply chains4,sec4 #acg4 ,prioritization of efforts and assistance to secure critical mineral supply chains4,sec4 #ach4 ,leveraging international support4,,title ,,ii--,compete,subtitle ,a--,infrastructure,sec4 #bja4 ,sense of ,congress on the ,build ,back ,better ,world initiative4,sec4 #bjb4 ,office of ,strategic ,investments in ,united ,states ,international ,development ,finance ,corporation4,sec4 #bjc4 ,prohibition on transfer of sovereign loan guarantees to ,united ,states ,international ,development ,finance ,corporation4,sec4 #bjd4 ,strategy for promoting and strengthening nearshoring4,sec4 #bje4 ,sense of ,congress on the ,blue ,dot ,initiative4,sec4 #bjf4 ,sense of ,congress on the ,three ,seas ,initiative4,subtitle ,b--,energy,sec4 #baa4 ,sense of ,congress regarding ,united ,states engagement at the ,world ,economic ,forum4,sec4 #bab4 ,clean energy efforts of the ,united ,states ,international ,development ,finance ,corporation4,sec4 #bac4 ,consistency in ,united ,states policy on development finance and climate change4,sec4 #bad4 ,energy diplomacy and security within the ,department of ,state4,sec4 #bae4 ,united ,states and ,european ,union cooperation on climate finance for developing countries4,subtitle ,c--,technology,sec4 #bba4 ,united ,states leadership and representation in standards-setting bodies4,sec4 #bbb4 ,sense of ,congress on cooperation with the ,g#bj ,digital ,economy ,working ,group4,sec4 #bbc4 ,statement of policy on artificial intelligence and the global economy4,sec4 #bbd4 ,diplomatic strategy for artificial intelligence4,sec4 #bbe4 ,international collaboration on research and development4,subtitle ,d--,international financial institutions and multilateral economic organizations,sec4 #bca4 ,statement of policy on ,united ,states leadership at international financial institutions4,sec4 #bcb4 ,loans to the ,poverty ,reduction and ,growth ,trust of the ,international ,monetary ,fund4,sec4 #bcc4 ,clearing ,world ,bank ,group arrears4,sec4 #bcd4 #ajth general capital increase for the ,inter-,american ,development ,bank4,sec4 #bce4 ,participation of ,taiwan in ,inter-,american ,development ,bank4,sec4 #bcf4 ,increased ,united ,states cooperation with ,asia-,pacific ,economic ,cooperation4,subtitle ,e--,resilience,sec4 #bda4 ,sense of ,congress regarding ,united ,states leadership in recovery and resiliency4,sec4 #bdb4 ,sense of ,congress regarding improving resilience capacities through foreign assistance4,sec4 #bdc4 ,office of ,economic ,resiliency4,sec4 #bdd4 ,establishment of ,resilience ,trust ,fund at the ,world ,bank4 #b4 ,findings ,congress makes the following findings3 7#a7 ,as of #bjbj1 the ,united ,states accounts for nearly #be percent of the world's gross domestic product1 amounting to approximately #bj1iec1jjj1jjj1jjj4 ,the ,united ,states has major business dealings on almost every continent with involvement in multilateral financial systems1 bilateral and multilateral economic partnerships1 and a robust economy that held nearly #cj percent of the world's share of research and development in #bjai4 7#b7 ,since ,world ,war ,,ii1 the ,united ,states has been a leader in the global economy1 as demonstrated by its membership in economic-focused multilateral organizations such as the ,world ,bank1 the ,international ,finance ,corporation1 the ,international ,labour ,organization1 and the ,group of ,twenty 7,g#bj74 ,the ,united ,states has leveraged its economic advantage to ensure its national security in countless instances1 such as through the investment of billions of dollars used to rebuild ,europe and restore world order following ,world ,war ,,ii4 7#c7 ,the robust economy of the ,united ,states is directly tied to its ability to engage economically1 diplomatically1 and militarily with allies and adversaries4 ,in a #bjai ,pew ,research study1 of the countries surveyed1 #df percent of ,asia-,pacific countries1 #cg percent of ,european countries1 and #dg percent of ,middle ,eastern countries view the ,united ,states as the world's leading economic power4 ,african countries that had an overall more favorable impression of the ,people's ,republic of ,china have consequently been engaging in greater economic partnerships with the ,people's ,republic of ,china1 amounting to approximately #b1ifj1jjj1jjj in #bjbj4 7#d7 ,according to the ,organisation for ,economic ,co-operation and ,development1 about #gj percent of global economic activity occurs through global value chains4 ,driven by a greater outsourcing of service industry work and greater financial and business service linkages with ,europe1 the ,united ,states has increased its engagement with global value chains in both the manufacturing and services industries4 ,although the ,united ,states has attempted to encourage value-based practices in international business through business advisories1 public diplomacy1 and other economic tools1 countries like the ,people's ,republic of ,china do not operate with such value-oriented business operations4 7#e7 ,in #bjbj1 exports made up #aj percent of the ,united ,states economy1 and the ,united ,states utilizes export controls to safeguard its economic edge and national security interests4 ,as has been seen in the case of export controls imposed through the ,entity ,list maintained by the ,bureau of ,industry and ,security of the ,department of ,commerce to restrict dual-use trade with the ,people's ,republic of ,china1 such controls curtail potential militant activity by the ,people's ,liberation ,army in the ,south ,china ,sea1 human rights abuses1 and the use of semiconductor technology for military purposes4 ,the expanded usage of export controls can continue to benefit ,united ,states economic security4 7#f7 ,international financial institutions such as the ,world ,bank1 the ,international ,monetary ,fund1 the ,inter-,american ,development ,bank1 and the ,african ,development ,bank have key roles in encouraging regional cooperation1 sustaining economic development1 reducing global greenhouse gas emissions1 and reducing global poverty4 ,those values are in line with ,united ,states international development practices1 a commonality that can be leveraged for greater coordinated cooperation in the future1 especially in the wake of the ,,covid-#ai pandemic1 including as follows3 7,a7 ,to meet the needs of developing countries that need to repay debt amounting to approximately #hfj1jjj1jjj1jjj in #bjbj1 ,united ,states cooperation with key multilateral organizations in the smooth rollout of the ,debt ,service ,suspension ,initiative ,refresher can ensure global economic recovery from the pandemic while mitigating the risk of loan default4 7,b7 ,the rise in debt transparency has become a critical issue as more countries become unaware of the full extent of their sovereign debt as a result of predatory lending and poor debt management4 ,the continued support by the ,united ,states of international financial institutions can facilitate reforms that go beyond the #bjjc proposal of the ,international ,monetary ,fund for a ,sovereign ,debt ,restructuring ,mechanism4 7#g7 ,despite the impact of the ,,covid-#ai pandemic1 which has had devastating effects on global supply chains and economic productivity1 the economy of the ,people's ,republic of ,china continues to grow4 ,as a result1 global investors are looking more toward the ,people's ,republic of ,china1 instead of the ,united ,states1 for potential economic activity and are willing to turn a blind eye to the ,people's ,republic of ,china's human rights violations1 including its use of forced labor in the ,xinjiang ,uyghur ,autonomous ,region4 7#h7 ,the ,united ,states1 as a major economic leader1 has a role in preventing predatory economic practices1 such as loans to developing countries from the ,government of the ,people's ,republic of ,china through the ,belt and ,road ,initiative4 ,as the ,people's ,republic of ,china has come to fill the role of an economic leader to many developing countries with its lending1 the ,united ,states stands to lose economically from its trading partners being stuck in billion dollar debt traps4 ,furthermore1 such predatory practices have come to the ,united ,states with the increase of foreign investment in the ,united ,states from #d1djj1jjj1jjj1jjj to #d1fcj1jjj1jjj1jjj over the course of #bjbj4 ,i ,confront ,a ,economic coercion #aja4 ,mandatory disclosure of ,chinese debt in aid-related applications 7a7 ,in general ,the ,united ,states ,international ,development ,finance ,corporation1 the ,united ,states ,agency for ,international ,development1 the ,trade and ,development ,agency1 the ,millennium ,challenge ,corporation1 and other independent and executive branch agencies responsible for disbursing foreign aid and development assistance shall require all applicants for ,united ,states aid to disclose any debt the applicant may owe to any entity known to be owned or controlled by the ,government of the ,people's ,republic of ,china1 including loan amounts1 duration1 rates1 and contractual provisions4 7b7 ,limitation ,united ,states foreign aid and development assistance may not be used to amortize any loan principal owed to any entity known to be owned or controlled by the ,government of the ,people's ,republic of ,china4 #ajb4 ,coordination with the ,organisation for ,economic ,co-operation and ,development on ,chinese engagement 7a7 ,in general ,the ,secretary of ,state shall coordinate with willing ,organisation for ,economic ,co-operation and ,development member countries-- 7#a7 to study the effects of the ,people's ,republic of ,china's ,belt and ,road ,initiative and other predatory economic practices2 7#b7 to create a shared set of facts and promote more transparency with respect to such practices1 including a joint stocktaking of the ,people's ,republic of ,china's distortive economic practices1 such as subsidies and other forms of market-distorting state intervention in the ,people's ,republic of ,china's economy1 and the negative global spillovers from such practices2 7#c7 to establish a solid definitional foundation for future dialogues on the ,people's ,republic of ,china's unfair economic practices and a clear understanding of common concerns and priorities among member countries2 and 7#d7 to issue joint informational reports that contain the results of such data gathering efforts4 #ajc4 ,countering ,chinese ,economic ,coercion ,task ,force 7a7 ,establishment ,not later than #ahj days after the date of the enactment of this ,act1 the ,president shall establish an interagency task force1 which shall be known as the ,countering ,economic ,coercion ,task ,force 7referred to in this section as the ,task ,force74 7b7 ,duties 7#a7 ,in general ,the ,task ,force shall-- 7,a7 oversee the development and implementation of an integrated ,united ,states ,government strategy to respond to coercive economic practices of the ,people's ,republic of ,china that are abusive1 arbitrary1 pretextual1 and contrary to international rules1 which shall include-- 7i7 systematically monitoring and evaluating-- 7,i7 the costs of such practices on ,united ,states businesses and overall ,united ,states economic performance2 7,,ii7 instances in which such practices taken against a non-,chinese entity have benefitted ,united ,states parties2 and 7,,iii7 the impacts such practices have had on ,united ,states national interests2 7ii7 facilitating coordination among ,federal departments and agencies when responding to such practices2 and 7iii7 proactively deterring such economic coercion2 7,b7 consult with ,united ,states allies and partners regarding-- 7i7 the feasibility and desirability of collectively identifying1 assessing1 and responding to the ,people's ,republic of ,china's coercive economic practices2 7ii7 actions that could be taken to expand international coordination2 and 7iii7 establishing a consistent1 coherent1 and collective international response to such coercive practices1 including a long-term deterrence to such practices2 7,c7 effectively engage the ,united ,states private sector1 particularly sectors1 groups1 or other entities that are susceptible to such coercive economic practices1 to identify their concerns regarding such practices2 and 7,d7 develop and implement a process for regularly sharing relevant information1 including classified information1 to the extent appropriate and practicable1 on such coercive economic practices with ,united ,states allies1 partners1 and the private sector4 7#b7 ,consultation ,in carrying out its duties under this subsection1 the ,task ,force should regularly consult1 to the extent necessary and appropriate1 with-- 7,a7 relevant stakeholders in the private sector2 7,b7 ,federal departments and agencies that are not represented on the ,task ,force2 and 7,c7 ,united ,states allies and partners4 7c7 ,membership ,the ,president shall-- 7#a7 appoint the ,chair of the ,task ,force from among the staff of the ,national ,security ,council2 7#b7 appoint the ,vice ,chair of the ,task ,force from among the staff of the ,national ,economic ,council2 and 7#c7 direct the head of each of the following ,federal departments and agencies to appoint personnel1 at the level of ,assistant ,secretary or higher1 to participate in the ,task ,force3 7,a7 ,the ,department of ,state4 7,b7 ,the ,department of ,commerce4 7,c7 ,the ,department of the ,treasury4 7,d7 ,the ,department of ,justice4 7,e7 ,the ,office of the ,united ,states ,trade ,representative4 7,f7 ,the ,department of ,agriculture4 7,g7 ,the ,office of the ,director of ,national ,intelligence and other appropriate elements of the intelligence community 7as defined in section #c of the ,national ,security ,act of #aidg 7#ej ,u4,s4,c4 #cjjc774 7,h7 ,the ,securities and ,exchange ,commission4 7,i7 ,the ,united ,states ,international ,development ,finance ,corporation4 7,j7 ,any other department or agency designated by the ,president4 7d7 ,reports 7#a7 ,initial report ,not later than #a year after the date of the enactment of this ,act1 the ,task ,force shall submit a report to the appropriate congressional committees that includes-- 7,a7 a comprehensive review of the array of economic tools the ,government of the ,people's ,republic of ,china employs or could employ to coerce other governments1 non-,chinese companies 7including ,united ,states companies71 and multilateral institutions and organizations1 including the ,government of the ,people's ,republic of ,china's continued efforts to codify informal practices into its domestic law2 7,b7 the strategy developed pursuant to subsection 7b77#a77;,a72 7,c7 an interagency definition of the ,people's ,republic of ,china's coercive economic practices that captures-- 7i7 the use of informal or extralegal coercive economic practices2 and 7ii7 the illegitimate use of formal economic tools2 7,d7 a comprehensive review of the array of economic and diplomatic tools that the ,united ,states ,government employs or could employ to respond to economic coercion against the ,united ,states and ,united ,states allies and partners2 7,e7 a list of unilateral or multilateral-- 7i7 proactive measures to defend or deter against the ,people's ,republic of ,china's coercive economic practices2 and 7ii7 actions taken in response to the ,government of the ,people's ,republic of ,china's general use of coercive economic practices2 7,f7 an assessment of areas in which ,united ,states allies and partners are vulnerable to the ,people's ,republic of ,china's coercive economic practices2 and 7,g7 a description of the gaps in existing resources or capabilities of ,federal departments and agencies-- 7i7 to respond effectively to the ,people's ,republic of ,china's coercive economic practices directed at ,united ,states entities2 and 7ii7 to assist ,united ,states allies and partners in their responses to such practices4 7#b7 ,interim reports 7,a7 ,first interim report ,not later than #a year after the date on which the report is submitted pursuant to paragraph 7#a71 the ,task ,force shall submit a report to the appropriate congressional committees that includes-- 7i7 updates to the information required under subparagraphs 7,a7 through 7,g7 of paragraph 7#a72 and 7ii7 a description of the activities conducted by the ,task ,force to implement the strategy required under subsection 7b77#a77;,a74 7,b7 ,second interim report ,not later than #a year after the date on which the report is submitted pursuant to subparagraph 7,a71 the ,task ,force shall submit a report to the appropriate congressional committees that includes an update to the elements required under the previously submitted report4 7#c7 ,final report ,not later than #cj days after the date on which the report required under paragraph 7#b77;,b7 is submitted to the appropriate congressional committees1 the ,task ,force shall submit a final report to the appropriate congressional committees and make such report available to the public on the website of the ,executive ,office of the ,president4 ,the final report shall include-- 7,a7 an analysis of the ,government of the ,people's ,republic of ,china's coercive economic practices1 including the cost of such practices to ,united ,states businesses2 7,b7 a description of areas of particular vulnerability for ,united ,states businesses and the businesses of ,united ,states partners and allies2 7,c7 recommendations on the best means for continuing the effort to counter such coercive practices2 and 7,d7 a list of the cases that have been made public pursuant to subsection 7e74 7#d7 ,form 7,a7 ,initial and interim reports ,the reports required under paragraphs 7#a71 7#b77;,a71 and 7#b77;,b7 shall be submitted in unclassified form1 but may include classified annexes4 7,b7 ,final report ,the report required under paragraph 7#c7 shall be submitted in unclassified form1 but may include a classified annex4 7e7 ,publicly available list 7#a7 ,in general ,not later than #abj days after the date of the enactment of this ,act1 and every #ahj days thereafter until its termination pursuant to subsection 7f71 the ,task ,force1 to the extent practicable1 shall make available to the public on the website of the ,executive ,office of the ,president a list of instances during the most recent #f-month period that the ,government of the ,people's ,republic of ,china has directed coercive economic practices against a non-,chinese entity4 7#b7 ,updates ,the list required under paragraph 7#a7-- 7,a7 shall be updated every #ahj days2 and 7,b7 shall be managed by the ,secretary of ,state after the ,task ,force is terminated pursuant to subsection 7f74 7f7 ,sunset 7#a7 ,in general ,the ,task ,force shall be terminated at the end of the #fj-;day period beginning on the date on which the final report required under subsection 7d77#c7 is submitted to the appropriate congressional committees and made publicly available4 7#b7 ,additional actions ,during the #fj-;day period referred to in paragraph 7#a71 the ,task ,force may conclude its activities1 including providing testimony to ,congress concerning its final report4 #ajd4 ,strategy to counter ,chinese economic coercion on countries and entities that support ,taiwan 7a7 ,in general ,not later than #ij days after the date of the enactment of this ,act1 and every #ahj days thereafter for the following #e years1 the ,secretary of ,state shall submit to ,congress a description of the strategy being used by the ,department of ,state to respond to the ,government of the ,people's ,republic of ,china's increased economic coercion against countries who have strengthened their ties with1 or support for1 ,taiwan4 7b7 ,assistance for ,lithuania ,the ,secretary of ,state shall provide assistance to ,lithuania to support its supply chain resilience efforts4 ,b ,investment security #aaa4 ,provision of assistance to allies and partners with respect to reviewing foreign investment ,the ,infrastructure ,transaction and ,assistance ,network1 in consultation with the ,committee on ,foreign ,investment in the ,united ,states and the ,office of ,technical ,assistance of the ,department of the ,treasury1 shall1 to protect the national security of the ,united ,states and countries that are allies or partners of the ,united ,states1 establish a formal process for-- 7#a7 the exchange of information relating to foreign investment with the governments of such countries2 and 7#b7 the provision of assistance to those countries with respect to-- 7,a7 reviewing foreign investment transactions in such countries2 7,b7 determining the beneficial ownership of parties to such transactions2 and 7,c7 identifying trends in investment and technology that could pose risks to the national security of the ,united ,states and such countries4 ,c ,anti-competition #aba4 ,improvement of anti-counterfeiting measures 7a7 ,increased inspections 7#a7 ,report on seizures of counterfeit goods ,not later than one year after the date of the enactment of this ,act1 and annually thereafter1 the ,commissioner of ,u4,s4 ,customs and ,border ,protection shall submit to the ,committee on ,finance of the ,senate and the ,committee on ,ways and ,means of the ,house of ,representatives a report on seizures by ,u4,s4 ,customs and ,border ,protection of counterfeit goods during the one-year period preceding submission of the report1 including the number of such seizures disaggregated by category of good1 source country1 and mode of transport4 7#b7 ,increased inspections of goods from certain countries ,the ,commissioner shall increase inspections of imports of goods from each source country identified in the report required by subsection 7a7 as one of the top source countries of counterfeit goods1 as determined by the ,commissioner4 7b7 ,publication of criteria for notorious markets list ,not later than #b years after the date of the enactment of this ,act1 and not less frequently than every #e years thereafter1 the ,united ,states ,trade ,representative shall publish in the ,federal ,register criteria for determining that a market is a notorious market for purposes of inclusion of that market in the list developed by the ,trade ,representative pursuant to section #ahb7;e7 of the ,trade ,act of #aigd 7#ai ,u4,s4,c4 #bbdb7;e77 7commonly known as the ,notorious ,markets ,list74 #abb4 ,intellectual property violators list 7a7 ,in general ,not later than one year after the date of the enactment of this ,act1 and not less frequently than annually thereafter for #e years1 the ,secretary of ,state1 in coordination with the ,secretary of ,commerce1 the ,attorney ,general1 the ,united ,states ,trade ,representative1 and the ,director of ,national ,intelligence1 shall create a list 7referred to in this section as the intellectual property violators list7 that identifies-- 7#a7 all centrally administered state-owned enterprises incorporated in the ,people's ,republic of ,china that have benefitted from-- 7,a7 a significant act or series of acts of intellectual property theft that subjected an economic sector of the ,united ,states or a company incorporated in the ,united ,states to harm2 or 7,b7 an act or government policy of involuntary or coerced technology transfer of intellectual property ultimately owned by a company incorporated in the ,united ,states2 and 7#b7 any corporate officer of1 or principal shareholder with controlling interests in1 an entity described in paragraph 7#a74 7b7 ,rules for identification ,to determine whether there is a credible basis for determining that an entity should be included on the intellectual property violators list1 the ,secretary of ,state1 in coordination with the ,secretary of ,commerce1 the ,united ,states ,trade ,representative1 and the ,director of ,national ,intelligence1 shall consider-- 7#a7 any finding by a court in the ,united ,states that the entity has violated relevant ,united ,states laws intended to protect intellectual property rights2 or 7#b7 substantial and credible information received from any entity described in subsection 7c7 or other interested persons4 7c7 ,consultation ,in carrying out this section1 the ,secretary of ,state1 in coordination with the ,secretary of ,commerce1 the ,united ,states ,trade ,representative1 and the ,director of ,national ,intelligence1 may consult1 as necessary and appropriate1 with-- 7#a7 other ,federal agencies1 including independent agencies2 7#b7 entities in the private sector2 7#c7 civil society organizations with relevant expertise2 and 7#d7 the ,governments of ,australia1 ,canada1 countries in the ,european ,union1 ,japan1 ,new ,zealand1 ,south ,korea1 and the ,united ,kingdom4 7d7 ,report 7#a7 ,in general ,not later than one year after the date of the enactment of this ,act1 and annually thereafter for #e years1 the ,secretary of ,state shall publish in the ,federal ,register a report that-- 7,a7 lists the entities described in subsection 7a77#a72 7,b7 describes the circumstances surrounding acts or policies described in subsection 7a77#a77;,b71 including any role of the ,government of the ,people's ,republic of ,china2 7,c7 assesses1 to the extent practicable1 the economic advantage derived by entities described in subsection 7a77#a72 and 7,d7 assesses whether each entity described in subsection 7a77#a7 is using or has used stolen intellectual property in commercial activity in ,australia1 ,canada1 the ,european ,union1 ,japan1 ,new ,zealand1 ,south ,korea1 the ,united ,kingdom1 or the ,united ,states4 7#b7 ,form ,the report published under paragraph 7#a7 shall be unclassified1 but may include a classified annex4 7#c7 ,declassification and release ,the ,director of ,national ,intelligence may authorize the declassification of information1 as appropriate1 to inform the contents of the report published under paragraph 7#a74 7e7 ,requirement ,to protect confidential business information 7#a7 ,in general ,the ,secretary of ,state and the head of any other ,federal agency involved in the production of the intellectual property violators list shall protect from disclosure any proprietary information submitted by a private sector party and marked as confidential business information1 unless the party submitting the information-- 7,a7 had notice1 at the time of submission1 that such information would be disclosed by the ,secretary2 or 7,b7 subsequently consents to the disclosure of such information4 7#b7 ,nonconfidential version of report ,if confidential business information is provided by a private sector party in connection with the production of the intellectual property violators list1 the ,secretary of ,state shall publish a nonconfidential version of the report under subsection 7d7 in the ,federal ,register that summarizes or deletes1 if necessary1 the confidential business information4 7#c7 ,treatment as trade secrets ,proprietary information submitted by a private sector party under this section-- 7,a7 shall be considered to be trade secrets and commercial or financial information exempt under subsection 7b77#d7 of section #eeb of title #e1 ,united ,states ,code1 from being made available to the public under subsection 7a7 of that section2 and 7,b7 shall be exempt from disclosure without the express approval of the party4 #abc4 ,report on subsidies provided by ,government of ,people's ,republic of ,china 7a7 ,report ,not later than one year after the date of the enactment of this ,act1 and annually thereafter for #e years1 the ,secretary of ,state1 in coordination with the ,united ,states ,trade ,representative and the ,secretary of ,commerce1 shall submit to the appropriate congressional committees a report that identifies-- 7#a7 subsidies provided by the central government of the ,people's ,republic of ,china to enterprises in the ,people's ,republic of ,china2 and 7#b7 discriminatory treatment favoring enterprises in the ,people's ,republic of ,china over foreign market participants4 7b7 ,elements of report ,in compiling each report under subsection 7a71 the ,secretary of ,state shall consider-- 7#a7 regulatory and other policies enacted or promoted by the central government of the ,people's ,republic of ,china that-- 7,a7 discriminate in favor of enterprises in the ,people's ,republic of ,china at the expense of foreign market participants2 7,b7 shield centrally administered1 state-owned enterprises from competition2 or 7,c7 otherwise suppress market-based competition2 7#b7 financial subsidies1 including favorable lending terms1 from or promoted by the central government of the ,people's ,republic of ,china or centrally administered1 state-owned enterprises in the ,people's ,republic of ,china that materially benefit enterprises in the ,people's ,republic of ,china over foreign market participants in contravention of generally accepted market principles2 and 7#c7 any subsidy that meets the definition of subsidy under article #a of the ,agreement on ,subsidies and ,countervailing ,measures referred to in section #aja7;d77#ab7 of the ,uruguay ,round ,agreements ,act 7#ai ,u4,s4,c4 #ceaa7;d77#ab774 7c7 ,form of report ,each report required by subsection 7a7 may be submitted in classified form4 7d7 ,consultation ,in carrying out this section1 the ,secretary of ,state1 in coordination with the ,secretary of ,commerce and the ,united ,states ,trade ,representative1 may1 as necessary and appropriate1 consult with-- 7#a7 other ,federal agencies1 including independent agencies2 7#b7 the private sector2 and 7#c7 civil society organizations with relevant expertise4 7e7 ,appropriate congressional committees defined ,in this section1 the term appropriate congressional committees means-- 7#a7 the ,committee on ,foreign ,relations and the ,committee on ,finance of the ,senate2 and 7#b7 the ,committee on ,foreign ,affairs and the ,committee on ,ways and ,means of the ,house of ,representatives4 ,d ,supply chains #aca4 ,definitions ,in this subtitle3 7#a7 ,covered item ,the term covered item includes semiconductor manufacturing equipment1 including extreme ultraviolet photolithography equipment and argon fluoride immersion photolithography equipment4 7#b7 ,critical mineral ,the term critical mineral has the meaning given the term in section #gjjb7;a7 of the ,energy ,act of #bjbj 7#cj ,u4,s4,c4 #afjf7;a774 7#c7 ,export2 in-country transfer2 reexport ,the terms export1 in-country transfer1 and reexport have the meanings given those terms in section #agdb of the ,export ,control ,reform ,act of #bjah 7#ej ,u4,s4,c4 #dhja74 #acb4 ,department of ,state diplomatic strategy on semiconductor manufacturing equipment export controls 7a7 ,required strategy ,not later than #ahj days after the date of the enactment of this ,act1 the ,secretary of ,state1 in consultation with the ,secretary of ,commerce1 the heads of other relevant ,federal agencies1 and private sector entities1 shall develop a strategy to diplomatically engage the governments of the ,netherlands1 ,japan1 and other appropriate countries for the purposes of coordinating1 developing1 and instituting controls on the export of covered items to the ,people's ,republic of ,china4 7b7 ,aspects of the strategy ,the diplomatic strategy required by subsection 7a7 shall include-- 7#a7 a review of ,united ,states technological assets and capabilities in semiconductor manufacturing equipment1 including photolithography2 7#b7 an assessment of how export controls on semiconductor manufacturing equipment can be integrated into a broader ,united ,states technology strategy that includes support for-- 7,a7 research and development2 7,b7 investment screening2 7,c7 talent recruitment and retention2 7,d7 standard setting2 7,e7 international partnerships2 and 7,f7 supply chain security2 7#c7 a plan of action to guide relevant ,united ,states engagement with the ,netherlands1 ,japan1 and other appropriate countries1 including conducting bilateral and multilateral engagements to formulate export controls on semiconductor manufacturing equipment2 7#d7 a plan of action to guide ,united ,states engagement with foreign entities that develop1 construct1 and export semiconductor manufacturing equipment2 7#e7 a review of the potential diplomatic1 economic1 and security effects of implementing export controls on semiconductor manufacturing equipment2 7#f7 an analysis of the impact of export controls on semiconductor manufacturing equipment on the semiconductor manufacturing industry and artificial intelligence chipmaking capabilities of the ,people's ,republic of ,china2 7#g7 a review of the potential economic impacts on ,united ,states entities if export controls on semiconductor manufacturing equipment are implemented2 and 7#h7 specific1 measurable metrics of success for ,united ,states diplomatic activities related to semiconductor manufacturing equipment4 7c7 ,objectives of the strategy ,the objectives of the diplomatic strategy required by subsection 7a7 are-- 7#a7 to formulate a political arrangement among the ,united ,states1 ,japan1 the ,netherlands1 and other appropriate countries for the control of exports of covered items to the ,people's ,republic of ,china2 7#b7 to maintain ,united ,states and allied technological advantages in semiconductor manufacturing equipment2 7#c7 to protect the interests of ,united ,states and allied companies operating in the field of semiconductor manufacturing and semiconductor manufacturing equipment2 and 7#d7 to ensure the ,united ,states continues to engage with allies on efforts involving the development and protection of a free1 equitable1 open1 secure1 and stable digital domain4 7d7 ,form ,the strategy required by subsection 7a7 shall be submitted to the appropriate congressional committees in unclassified form1 but may include a classified annex4 7e7 ,appropriate congressional committees defined ,in this section1 the term appropriate congressional committees means-- 7#a7 the ,committee on ,foreign ,relations and the ,committee on ,commerce1 ,science1 and ,transportation2 and 7#b7 the ,committee on ,foreign ,affairs and the ,committee on ,energy and ,commerce4 #acc4 ,prohibition on commercial export of semiconductor manufacturing equipment to ,people's ,republic of ,china 7a7 ,in general ,following the completion of the strategy required by section #acb1 the ,president shall prohibit the export1 reexport1 and in-country transfer of covered items to the ,people's ,republic of ,china4 7b7 ,additional controls ,the ,president may prescribe such additional regulations and export controls as are necessary to carry out the strategy required by section #acb4 7c7 ,waivers ,the ,president may waive the application of controls under subsection 7a7 or 7b7 with respect to a covered item if the ,president certifies to the appropriate congressional committees that the export1 reexport1 or in-country transfer of the covered item is in the national security interests of the ,united ,states4 7d7 ,appropriate congressional committees defined ,in this section1 the term appropriate congressional committees means-- 7#a7 the ,committee on ,foreign ,relations1 the ,committee on ,commerce1 ,science1 and ,transportation1 and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate2 and 7#b7 the ,committee on ,foreign ,affairs1 the ,committee on ,energy and ,commerce1 and the ,committee on ,financial ,services of the ,house of ,representatives4 #acd4 ,annual semiconductor industry monitoring report on the ,people's ,republic of ,china 7a7 ,report required ,not later than ,may #a1 #bjbc1 and annually thereafter1 the ,secretary of ,state and the ,secretary of ,commerce1 in concurrence with the ,secretary of the ,treasury and the ,director of the ,central ,intelligence ,agency1 shall submit to the appropriate congressional committees a report on the semiconductor manufacturing capabilities of the ,people's ,republic of ,china4 7b7 ,contents ,the report required by subsection 7a7 shall include-- 7#a7 a detailed assessment of the domestic semiconductor manufacturing capabilities of the ,people's ,republic of ,china2 7#b7 a detailed assessment of year-by-year technological development efforts by the ,people's ,republic of ,china in the fields of semiconductor manufacturing and artificial intelligence chipmaking1 including relevant government plans and initiatives2 7#c7 a detailed assessment of engagement between the ,people's ,republic of ,china and other foreign countries with respect to semiconductor manufacturing equipment capabilities2 7#d7 an analysis of the impact of ,united ,states and allied export controls on covered items on development of semiconductor manufacturing in the ,people's ,republic of ,china2 and 7#e7 an assessment of whether such export controls remain effective in curbing the development of semiconductor manufacturing equipment capabilities in the ,people's ,republic of ,china4 7c7 ,form 7#a7 ,in general ,the report required by subsection 7a7 shall be submitted in unclassified form1 but may include a classified annex4 7#b7 ,public availability ,the unclassified portion of the report required by subsection 7a7 shall be made available on a publicly accessible internet website of the ,federal ,government4 7d7 ,appropriate congressional committees defined ,in this section1 the term appropriate congressional committees means-- 7#a7 the ,committee on ,foreign ,relations1 the ,committee on ,commerce1 ,science1 and ,transportation1 the ,committee on ,banking1 ,housing1 and ,urban ,affairs1 and the ,select ,committee on ,intelligence of the ,senate2 and 7#b7 the ,committee on ,foreign ,affairs1 the ,committee on ,energy and ,commerce1 the ,committee on ,financial ,services1 and the ,permanent ,select ,committee on ,intelligence of the ,house of ,representatives4 #ace4 ,supply chain coordination 7a7 ,not later than #ahj days after the date of the enactment of this ,act1 the ,secretary of ,state1 in consultation with the ,secretary of ,commerce1 shall submit to the appropriate congressional committees a report on how the ,united ,states is coordinating with its partners and allies-- 7#a7 to secure global supply chains1 including supply chains for-- 7,a7 semiconductor manufacturing and advanced packaging2 7,b7 large capacity batteries1 including batteries for electric vehicles2 7,c7 critical minerals2 and 7,d7 pharmaceuticals and active pharmaceutical ingredients2 7#b7 to develop common standards for transparent1 trusted1 and sustainable supply chains2 and 7#c7 to end reliance on the ,people's ,republic of ,china for such supply chains4 7b7 ,appropriate congressional committees defined ,in this section1 the term appropriate congressional committees means-- 7#a7 the ,committee on ,foreign ,relations1 the ,committee on ,commerce1 ,science1 and ,transportation1 the ,committee on ,banking1 ,housing1 and ,urban ,affairs1 and the ,select ,committee on ,intelligence of the ,senate2 and 7#b7 the ,committee on ,foreign ,affairs1 the ,committee on ,energy and ,commerce1 the ,committee on ,financial ,services1 and the ,permanent ,select ,committee on ,intelligence of the ,house of ,representatives4 #acf4 ,statement of policy on international cooperation to secure critical mineral supply chains ,it is the policy of the ,united ,states to partner1 consult1 and coordinate with foreign governments 7at the national and subnational levels71 civil society1 international organizations1 international financial institutions1 subnational communities1 commercial and recreational mining industry leaders1 and the private sector1 in a concerted effort-- 7#a7 to increase knowledge and raise awareness of the links between mining and refining of critical minerals1 national security1 climate change1 and clean energy development2 7#b7 to improve1 in countries in which such mining and refining is conducted1 resource mobilization and processing1 transport1 and mineral refining capacity2 7#c7 to develop other strategies to maximize economic benefits from critical mineral resource development for the countries and communities in which such development takes place2 7#d7 to promote transparency and combat-- 7,a7 human rights abuses1 exploitive labor practices1 and corruption within the critical mineral extraction industry2 and 7,b7 the influence the industry has on poor governance1 democratic backsliding1 and declines in the rule of law2 7#e7 to support-- 7,a7 strengthening systems and bilateral and multilateral partnerships for reducing the monopolization of critical minerals and the exploitation of workers in the critical mineral extraction industry and reducing corruption as a means-- 7i7 to ensure the availability of critical minerals at competitive market-rate costs2 7ii7 to uphold adequate labor standards to ensure critical minerals are not produced at the expense of the lives and livelihoods of workers in the critical mineral extraction industry2 and 7iii7 to maintain the integrity of institutions governing the extraction and refinement of critical minerals2 7,b7 deployment of and access to advanced technologies to recycle critical minerals to extend use and application beyond a single use2 and 7,c7 implementation of management measures to track and report instances of corruption and exploitation in the critical mineral extraction industry2 and 7#f7 to work cooperatively with international partners-- 7,a7 to ensure that the ,extractive ,industries ,transparency ,initiative has full unimpeded and uninfluenced access to global critical mineral industrial operations2 7,b7 to establish-- 7i7 an alliance to counter any state or private monopolization on the control1 supply chains1 or industrial processing and extraction of critical mineral resources2 7ii7 measurable targets for reducing corruption and exploitation of workers in the critical mineral extraction industry2 and 7iii7 action plans to achieve such targets and a mechanism to provide regular reporting2 7,c7 to promote consumer education1 awareness1 and outreach on exploitation of workers in the critical mineral extraction industry2 and 7,d7 to share best practices in materials management and industrial systems operations to maximize the benefit of critical mineral resources4 #acg4 ,prioritization of efforts and assistance to secure critical mineral supply chains 7a7 ,in general ,the ,secretary of ,state shall1 in coordination with the heads of other relevant ,federal agencies-- 7#a7 lead and coordinate efforts to implement the policy described in section #acf2 and 7#b7 develop strategies and implement programs that prioritize engagement and cooperation with foreign governments1 subnational1 national1 and local stakeholders and the private sector to expedite efforts and assistance in foreign countries-- 7,a7 to partner with1 encourage1 and advise national and subnational governments on the development and execution1 where practicable1 of projects1 programs1 and initiatives-- 7i7 to improve the capacity1 security1 and standards of operations of critical minerals supply chains2 7ii7 to monitor and track how well critical minerals supply chains are functioning internationally1 based on uniform and transparent standards developed in cooperation with municipal1 industrial1 and civil society stakeholders2 and 7iii7 to conduct outreach campaigns to raise public awareness of the importance of proper management and oversight of critical mineral supply chains2 7,b7 to partner with and provide technical assistance to investors and national and international institutions1 including private sector actors1 to develop new business opportunities and solutions to uphold the highest standards in critical mineral supply chains and implement best practices in foreign countries by-- 7i7 improving and expanding the capacity of foreign industries to responsibly employ extractive industry management practices2 7ii7 improving and expanding the capacity and transparency of tracking mechanisms for critical minerals to reduce exploitation and corruption2 7iii7 eliminating incentives that undermine responsible supply chain management2 and 7iv7 building the capacity of countries-- 7,i7 to reduce1 monitor1 regulate1 and manage the extraction1 refinement1 and transport of critical minerals appropriately and transparently2 and 7,,ii7 to encourage private investment in critical mineral extraction and refinement4 7b7 ,prioritization ,in carrying out subsection 7a71 the ,secretary of ,state1 in coordination with the heads of other relevant ,federal agencies1 shall prioritize assistance to countries and regional organizations in regions with-- 7#a7 rapidly developing economies2 and 7#b7 past instances of human rights abuses1 exploitation1 and corruption4 7c7 ,effectiveness measurement ,in prioritizing and expediting efforts and assistance under this section1 the ,secretary of ,state1 in consultation with the heads of other relevant ,federal agencies1 shall use clear1 accountable1 and metric-based targets to measure the effectiveness of assistance in achieving the policy described in section #acf4 #ach4 ,leveraging international support ,in implementing the policy described in section #acf1 the ,president shall direct the ,secretary of ,state and the heads of other relevant ,federal agencies1 to use the voice1 vote1 and influence of the ,united ,states1 consistent with the broad development goals of the ,united ,states-- 7#a7 to work with countries and the private sector to break up the monopolization of critical mineral industries2 7#b7 to commit to promoting transparent private sector development in the critical minerals sector2 7#c7 to enhance coordination with the private sector to increase access to critical minerals2 7#d7 to provide technical assistance to the regulatory authorities of countries that are members of the body to remove unnecessary barriers to investment2 and 7#e7 to utilize clear1 accountable1 and metric-based targets to measure the effectiveness of such actions4 ,,ii ,compete ,a ,infrastructure #bja4 ,sense of ,congress on the ,build ,back ,better ,world initiative ,it is the sense of ,congress that-- 7#a7 the ,united ,states should exercise leadership in the ,build ,back ,better ,world initiative of the ,group of ,seven 7,g#g7 to mobilize public and private sector capital and expertise toward meeting the infrastructure needs of low- and middle-income countries1 estimated to exceed #dj1jjj1jjj1jjj1jjj1 over the next two decades2 7#b7 the initiative should also advance strategic objectives1 including-- 7,a7 strengthening partnerships with emerging market and developing countries to promote quality1 transparent infrastructure investment that also supports good governance and the rule of law2 7,b7 combating climate change through sustainable infrastructure projects that aid partner countries in the transition to net zero emissions1 reduce their vulnerabilities to climate change1 and improve their resilience2 7,c7 promoting public health and health security through infrastructure projects that increase the availability1 accessibility1 and affordability of health care in partner countries2 7,d7 increasing internal and external connections in digital1 transportation1 and energy infrastructure in partner countries2 7,e7 improving education1 economic opportunities1 and standards of living in marginalized communities in partner countries1 including for women and girls1 racial and ethnic minorities1 individuals with disabilities1 individuals who are lesbian1 gay1 bisexual1 transgender1 or queer 7commonly referred to as ,,lgbtq71 and individuals with low incomes2 and 7,f7 providing partners a principled1 sustainable alternative to exploitative1 coercive1 and harmful infrastructure investments2 and 7#c7 the ,united ,states should establish a ,build ,back ,better ,world ,task ,force-- 7,a7 to coordinate its development finance agencies1 such as the ,united ,states ,international ,development ,finance ,corporation1 ,export-,import ,bank of the ,united ,states1 the ,trade and ,development ,agency1 the ,millennium ,challenge ,corporation1 and the ,united ,states ,agency for ,international ,development2 7,b7 to engage international partners such as the ,g#g1 multilateral development banks1 international financial institutions1 multinational corporations and banks1 non-governmental organizations1 and other industrial-country partners2 7,c7 to leverage other development finance institutions1 such as the ,blue ,dot ,network1 the ,infrastructure ,transaction and ,assistance ,network1 and the ,transaction ,advisory ,fund2 and 7,d7 to produce strategic guidance that identifies international infrastructure projects and details implementation plans1 including-- 7i7 an explanation of how each infrastructure project advances the strategic objectives described in paragraph 7#b72 7ii7 a description of consultations1 criteria1 and justification for such projects2 7iii7 distribution of such projects across economic sectors and geographical regions2 7iv7 budget estimates1 proposed sources of financing1 and required appropriations for such projects2 7v7 lists of timelines and contractual parties and their respective rights and responsibilities with respect to such projects2 and 7vi7 certification that such projects-- 7,i7 meet specified standards1 such as those of the ,blue ,dot ,network2 and 7,,ii7 will not have negative impacts on the environment1 local communities1 national sovereignty1 or economic growth4 #bjb4 ,office of ,strategic ,investments in ,united ,states ,international ,development ,finance ,corporation ,the ,,build ,act of #bjah 7#bb ,u4,s4,c4 #ifja et seq47 is amended-- 7#a7 in section #adac 7#bb ,u4,s4,c4 #ifac7-- 7,a7 in subsection 7a71 by inserting a ,strategic ,investments ,officer1 after ,development ,officer12 7,b7 in subsection 7g77#b77;,f71 by striking subsection 7i7 and inserting subsection 7j72 7,c7 by redesignating subsections 7h7 and 7i7 as subsections 7i7 and 7j71 respectively2 7,d7 by inserting after subsection 7g7 the following new subsection3 7h7 ,strategic ,investments ,officer 7#a7 ,appointment ,subject to the approval of the ,board1 the ,chief ,executive ,officer shall appoint a ,strategic ,investments ,officer from among individuals with experience in international economic policy1 who-- 7,a7 shall report directly to the ,board2 and 7,b7 shall be removable only by a majority vote of the ,board4 7#b7 ,duties ,the ,strategic ,investments ,officer shall-- 7,a7 coordinate efforts to develop the ,corporation's initiatives-- 7i7 to counter predatory state-directed investment and coercive economic practices of adversaries of the ,united ,states2 and 7ii7 to preserve the sovereignty of partner countries2 7,b7 coordinate the ,corporation's strategic investment policies and implementation efforts with the ,department of ,state1 the ,export-,import ,bank of the ,united ,states1 the ,trade and ,development ,agency1 and other relevant ,united ,states ,government departments and agencies1 including by directly liaising with missions of the ,department of ,state to ensure that departments1 agencies1 and missions have training1 awareness1 and access to the ,corporation's tools with respect to strategic investment policy and projects2 7,c7 manage the responsibilities of the ,corporation under section #addb7;b77#e7 and paragraphs 7#a77;,c7 and 7#c77;,c7 of section #addc7;b72 7,d7 support the ,chief ,development ,officer in coordinating and implementing the activities of the ,corporation under section #adde2 and 7,e7 be an ex officio member of the ,development ,advisory ,council established under subsection 7j71 and attend each meeting of the ,council4 2 7,e7 in subsection 7i77#c77;,c71 as so redesignated1 by striking subsection 7i7 and inserting subsection 7j72 and 7,f7 by adding at the end the following new subsection3 7k7 ,strategic ,investments ,advisory ,council 7#a7 ,in general ,there is established a ,strategic ,investments ,advisory ,council 7in this subsection referred to as the ,council7 to advise the ,board on strategic investment objectives of the ,corporation4 7#b7 ,membership ,members of the ,council shall be appointed by the ,board1 on the recommendation of the ,chief ,executive ,officer and the ,strategic ,investment ,officer1 and shall be composed of not more than #i members from the ,department of ,state1 the ,department of ,commerce1 the ,department of ,defense1 the ,department of the ,treasury1 the ,department of ,energy1 and the ,office of ,science and ,technology ,policy4 7#c7 ,functions ,the ,board shall call upon members of the ,council1 either collectively or individually1 to advise the ,board regarding the extent to which the ,corporation is meeting the strategic investment goals of the ,united ,states and any suggestions for improvements with respect to such goals1 including opportunities in countries and project development and implementation challenges and opportunities4 7#d7 ,federal ,advisory ,committee ,act ,the ,council shall not be subject to the ,federal ,advisory ,committee ,act 7#e ,u4,s4,c4 ,app474 2 7#b7 in section #addb 7#bb ,u4,s4,c4 #ifeb7-- 7,a7 in subsection 7b7-- 7i7 in paragraph 7#c71 by striking 2 and and inserting a semicolon2 7ii7 in paragraph 7#d77;,b71 by striking the period at the end and inserting 2 and2 and 7iii7 by adding at the end the following new paragraph3 7#e7 develop standards for1 and a method for ensuring1 appropriate strategic investment metrics of the ,corporation's portfolio4 2 and 7,b7 in subsection 7d71 by striking #adac7;i7 and inserting #adac7;j72 and 7#c7 in section #addc 7#bb ,u4,s4,c4 #ifec7-- 7,a7 in subsection 7a7-- 7i7 in paragraph 7#c71 by striking 2 and and inserting a semicolon2 7ii7 in paragraph 7#d71 by striking the period at the end and inserting 2 and2 and 7iii7 by adding at the end the following new paragraph3 7#e7 the impact of the strategic investments made by the ,corporation1 which shall be included in a classified annex4 2 and 7,b7 in subsection 7b7-- 7i7 in paragraph 7#a7-- 7,i7 in subparagraph 7,a71 by striking 2 and and inserting a semicolon2 7,,ii7 in subparagraph 7,b71 by adding and at the end2 and 7,,iii7 by adding at the end the following new subparagraph3 7,c7 the impact of the ,corporation's strategic investment efforts on ,united ,states foreign policy goals2 2 and 7ii7 in paragraph 7#c7-- 7,i7 in subparagraph 7,a71 by striking 2 and and inserting a semicolon2 and 7,,ii7 by adding at the end the following new subparagraph3 7,c7 outcomes of the strategic investments portfolio1 and whether or not such investments are meeting the foreign policy objectives of the ,united ,states2 and 4 #bjc4 ,prohibition on transfer of sovereign loan guarantees to ,united ,states ,international ,development ,finance ,corporation 7a7 ,in general ,section #adfc7;c77#a7 of the ,better ,utilization of ,investments ,leading to ,development ,act of #bjah 7#bb ,u4,s4,c4 #ifhc7;c77#a77 is amended by striking the ,corporation or any other appropriate department or agency of the ,united ,states ,government and inserting any appropriate department or agency of the ,united ,states ,government 7other than the ,corporation74 7b7 ,effective date ,the amendment made by subsection 7a7 shall take effect as if included in the enactment of the ,better ,utilization of ,investments ,leading to ,development ,act of #bjah 7#bb ,u4,s4,c4 #ifja et seq474 #bjd4 ,strategy for promoting and strengthening nearshoring 7a7 ,findings ,congress makes the following findings3 7#a7 ,in #bjai1 the ,people's ,republic of ,china was the top supplier of goods imported into the ,united ,states1 providing significant quantities of rare earth minerals1 pharmaceutical ingredients1 medical equipment1 and other goods vital to the economic prosperity and national security of the ,united ,states4 7#b7 ,the ,,covid-#ai pandemic and production outages and shipping disruptions in the ,people's ,republic of ,china have jeopardized worldwide access to critical goods1 contributing to an unprecedented1 ongoing supply chain crisis that has exposed the severe risks of concentrating global supply chains in the ,people's ,republic of ,china and demonstrated the need for the ,united ,states to increase supply chain resiliency and diversity through reshoring and nearshoring initiatives4 7#c7 ,relocating supply chains from the ,people's ,republic of ,china to ,latin ,america and the ,caribbean is in the commercial and security interests of the ,united ,states and offers several significant advantages for the ,united ,states ,government and ,united ,states entities1 including-- 7,a7 reduced transit times to markets in the ,united ,states1 which will lower freight costs1 enable quicker adaptability to fluctuating consumer demand1 and lessen the large carbon footprint of current supply chains2 7,b7 having supply chains located in countries with which the ,united ,states has longstanding bilateral ties and shared democratic values1 lessening the risk of geopolitical disruptions to supply chains2 and 7,c7 having supply chains located in countries with existing comparative advantages for sourcing and manufacturing key critical goods that cannot be entirely sourced from or manufactured in the ,united ,states1 including rare earth minerals1 pharmaceuticals1 medical goods1 and semiconductors4 7#d7 ,switching #ae percent of ,united ,states imports from its top #aj source countries outside of the ,western ,hemisphere to countries in ,latin ,america and the ,caribbean would increase the exports of the region by approximately #gb1jjj1jjj1jjj annually1 helping the region recover from the effects of the ,,covid-#ai pandemic while also reducing pressures encouraging migration to the ,united ,states4 7b7 ,statement of policy ,it shall be the policy of the ,united ,states-- 7#a7 to work with allies and partners of the ,united ,states in the ,western ,hemisphere to achieve more resilient1 diverse1 and secure supply chains2 7#b7 to pursue nearshoring initiatives to relocate supply chains to ,latin ,america and the ,caribbean1 particularly for products unlikely to be sourced or manufactured in the ,united ,states1 while simultaneously pursuing reshoring initiatives to increase domestic production in the ,united ,states2 and 7#c7 to engage with regional governments1 multilateral development banks1 and the private sector to develop and advance joint efforts to incentivize entities to relocate supply chains to1 and strengthen supply chains within1 the ,western ,hemisphere4 7c7 ,strategy ,the ,secretary of ,state1 in coordination with the heads of other relevant ,federal agencies1 as determined by the ,secretary1 shall develop and implement a strategy to increase supply chain resiliency and security by promoting and strengthening nearshoring efforts to relocate supply chains from the ,people's ,republic of ,china to the ,western ,hemisphere4 7d7 ,elements ,the strategy required under subsection 7c7 shall-- 7#a7 be informed by consultations with the governments of allies and partners of the ,united ,states in the ,western ,hemisphere and labor organizations and trade unions in the ,united ,states2 7#b7 provide a description of how reshoring and nearshoring initiatives can be pursued in a complementary fashion to strengthen the national interests of the ,united ,states2 7#c7 include an assessment of-- 7,a7 the status and effectiveness of current efforts by regional governments1 multilateral development banks1 and the private sector to promote nearshoring to the ,western ,hemisphere2 7,b7 major challenges hindering those efforts2 and 7,c7 how the ,united ,states can strengthen the effectiveness of those efforts2 7#d7 identify countries in ,latin ,america and the ,caribbean with comparative advantages for sourcing and manufacturing critical goods and countries with the greatest nearshoring opportunities2 7#e7 identify how activities by the ,united ,states ,agency for ,international ,development and the ,united ,states ,international ,development ,finance ,corporation can effectively be leveraged to strengthen and promote nearshoring to ,latin ,america and the ,caribbean2 7#f7 advance diplomatic initiatives to secure specific national commitments by governments in ,latin ,america and the ,caribbean to undertake efforts to create favorable conditions for nearshoring in the region1 including commitments-- 7,a7 to develop formalized national nearshoring strategies2 7,b7 to address corruption and rule of law concerns2 7,c7 to modernize digital and physical infrastructure2 7,d7 to lower trade barriers2 7,e7 to improve ease of doing business2 and 7,f7 to finance and incentivize nearshoring initiatives2 7#g7 advance diplomatic initiatives to harmonize standards and regulations1 expedite customs operations1 and facilitate economic integration in ,latin ,america and the ,caribbean2 and 7#h7 develop and implement programs to finance1 incentivize1 or otherwise promote nearshoring to the ,western ,hemisphere in accordance with the assessments and identifications made pursuant to paragraphs 7#c71 7#d71 and 7#e71 including1 at minimum1 programs-- 7,a7 to develop physical and digital infrastructure2 7,b7 to promote transparency in procurement processes2 7,c7 to provide technical assistance in implementing national nearshoring strategies2 7,d7 to mobilize private investment2 and 7,e7 to secure commitments by private sector entities to relocate supply chains from the ,people's ,republic of ,china to the ,western ,hemisphere4 7e7 ,coordination with multilateral development banks ,in implementing the strategy required under subsection 7c71 the ,secretary of ,state and the heads of other relevant ,federal agencies1 as determined by the ,secretary1 shall coordinate with the ,united ,states ,executive ,director to the ,inter-,american ,development ,bank and the ,united ,states ,executive ,director to the ,world ,bank4 7f7 ,annual report ,not later than #ahj days after the date of the enactment of this ,act1 and annually thereafter for #e years1 the ,secretary of ,state shall submit to the ,committee on ,foreign ,relations of the ,senate and the ,committee on ,foreign ,affairs of the ,house of ,representatives the strategy required under subsection 7c7 and a description of progress made in the implementation of that strategy4 #bje4 ,sense of ,congress on the ,blue ,dot ,initiative ,it is the sense of ,congress that-- 7#a7 the ,blue ,dot ,network helps public and private investors finance infrastructure projects that are inclusive1 transparent1 sustainable1 environmentally and socially responsible1 and compliant with international standards1 laws1 and regulations2 7#b7 the ,blue ,dot ,network helps mitigate threats such as the predatory infrastructure investment practices of the ,people's ,republic of ,china and critical shortfalls in global infrastructure financing2 7#c7 the ,blue ,dot ,network advances the interests of the ,united ,states through setting principal international standards1 but also requires sufficient investments in other tools of economic statecraft such as the ,united ,states ,international ,development ,finance ,corporation and the ,millennium ,challenge ,corporation to be effective2 7#d7 the ,united ,states ,international ,development ,finance ,corporation should deepen its cooperation with ,japan ,bank for ,international ,cooperation and the ,department of ,foreign ,affairs and ,trade of ,australia to promote the ,blue ,dot ,network and finance certified projects2 7#e7 the ,organisation for ,economic ,co-operation and ,development must continue to update and refine its methodologies and metrics for infrastructure project certification based on guidelines such as the ,group of ,twenty 7,g#bj7 ,principles for ,quality ,infrastructure ,investment2 7#f7 the ,blue ,dot ,network must complement other principled development finance initiatives such as the ,infrastructure ,technology and ,assistance ,network and the ,transaction ,advisory ,fund of the ,infrastructure ,transaction and ,assistance ,network2 7#g7 future development finance initiatives should build on the foundations of the initiatives described in paragraph 7#f72 and 7#h7 the governments of other countries committed to good governance1 international law1 and infrastructure investment should work with the ,blue ,dot ,network to certify infrastructure projects and attract public and private sector investments4 #bjf4 ,sense of ,congress on the ,three ,seas ,initiative ,it is the sense of ,congress that-- 7#a7 the ,three ,seas ,initiative promotes security1 economic integration1 modernization1 and prosperity in ,central and ,eastern ,europe through critical investments energy1 transportation1 and digital infrastructure2 7#b7 the ,united ,states ,international ,development ,finance ,corporation should finalize its approved investment of #cjj1jjj1jjj and approve an additional #gjj1jjj1jjj investment in the ,three ,seas ,initiative to fulfill its #bjbj commitments2 7#c7 ,central and ,eastern ,europe must develop better north-south infrastructure and economic integration to break the dominance by the ,russian ,federation of east-west trade corridors and regional energy supplies2 7#d7 in the wake of the premeditated1 unprovoked1 and unjustified invasion of ,ukraine by the ,russian ,federation1 the ,three ,seas ,initiative has never been more important for the security of its #ab participants3 ,austria1 ,bulgaria1 ,croatia1 the ,czech ,republic1 ,estonia1 ,hungary1 ,latvia1 ,lithuania1 ,poland1 ,romania1 ,slovakia1 and ,slovenia2 7#e7 the ,three ,seas ,initiative should prioritize construction of regional liquid natural gas terminals that can help diversify the region's energy supplies and reduce the malign influence of the ,russian ,federation2 7#f7 the ,people's ,republic of ,china's #ad1jjj1jjj1jjj of infrastructure investments in the region have degraded the environment1 eroded the rule of law1 infringed upon state sovereignty1 and pose a national security threat2 7#g7 the ,digital ,economy ,cooperation ,initiative should cooperate with the ,three ,seas ,initiative to further modernize the region's economy and develop the regions digital1 communications1 and financial infrastructure2 7#h7 the ,european ,union has made substantial contributions to the objectives of the ,three ,seas ,initiative and should continue to do so through mechanisms such as the ,connecting ,europe ,facility2 and 7#i7 the ,united ,states should encourage regional initiatives such as the ,three ,seas ,initiative to galvanize public and private sector investments in regional infrastructure projects that adhere to environmental1 equitable1 social1 and sustainable standards4 ,b ,energy #baa4 ,sense of ,congress regarding ,united ,states engagement at the ,world ,economic ,forum ,it is the sense of ,congress that the ,secretary of ,state1 the ,secretary of the ,treasury1 the ,administrator of the ,united ,states ,agency for ,international ,development1 and the ,chief ,executive ,officer of the ,united ,states ,international ,development ,finance ,corporation should make climate finance commitments at the ,world ,economic ,forum4 #bab4 ,clean energy efforts of the ,united ,states ,international ,development ,finance ,corporation 7a7 ,in general ,the ,chief ,executive ,officer of the ,united ,states ,international ,development ,finance ,corporation shall strive to reduce the net carbon footprint of the ,corporation's entire investment portfolio to zero by #bjbh4 7b7 ,priority ,in carrying out the goal described in subsection 7a71 the ,chief ,executive ,officer shall prioritize projects in countries struggling with transitioning from carbon intensive electricity to clean energy4 7c7 ,report ,the ,chief ,executive ,officer shall submit a report to ,congress that describes the ,corporation's efforts to meet the goals described in subsections 7a7 and 7b74 #bac4 ,consistency in ,united ,states policy on development finance and climate change ,it is the policy of the ,united ,states to ensure that its engagement with multilateral international financial institution's is consistent with ,united ,states policy to reduce greenhouse gas emissions in order to achieve worldwide net-zero carbon emissions by #bjej4 #bad4 ,energy diplomacy and security within the ,department of ,state ,section #a7;c7 of the ,state ,department ,basic ,authorities ,act of #aief 7#bb ,u4,s4,c4 #bfea;a7c77 is amended-- 7#a7 in paragraph 7#a71 by striking #bd and inserting #be2 7#b7 by redesignating paragraph 7#e7 as paragraph 7#f72 and 7#c7 by inserting after paragraph 7#d7 the following3 7#e7 ,assistant secretary of state for energy resources ,subject to the numerical limitation specified in paragraph 7#a71 there is authorized to be established in the ,department of ,state an ,assistant ,secretary of ,state for ,energy ,resources who shall be responsible to the ,secretary of ,state for matters pertaining to the formulation and implementation of international policies-- 7,a7 to protect ,united ,states energy security interests2 and 7,b7 to promote responsible global clean energy production4 4 #bae4 ,united ,states and ,european ,union cooperation on climate finance for developing countries 7a7 ,sense of ,congress ,it is the sense of ,congress that the ,united ,states should restore its historic alliance with countries of the ,european ,union regarding climate action by renewing the commitment to advancing shared values1 principles1 goals1 and global cooperation for addressing climate change and achieving the goals of the decision of the #bast ,conference of ,parties to the ,united ,nations ,framework ,convention on ,climate ,change adopted in ,paris ,december #ab1 #bjae 7commonly known as the ,paris ,agreement74 7b7 ,discretionary clean energy development finance fund ,the ,chief ,executive ,officer of ,united ,states ,international ,development ,finance ,corporation shall partner with the ,european ,bank for ,reconstruction and ,development to establish the ,discretionary ,clean ,energy ,development ,finance ,fund4 7c7 ,energy transition assistance for ,eastern ,europe ,title ,v of the ,support for ,east ,european ,democracy 7,,seed7 ,act of #aihi 7#bb ,u4,s4,c4 #edea et seq47 is amended by adding at the end the following3 #ejd4 ,assistance for ,eastern ,european countries transitioning from fossil fuels to clean energy 7a7 ,authorization of assistance ,the ,administrator of the ,united ,states ,agency for ,international ,development1 in consultation with the ,secretary of ,state1 the ,secretary of ,energy1 and the ,secretary of ,commerce1 is authorized to establish a program to support workers and communities in ,eastern ,european countries that are struggling with the transition from fossil fuel dependent economies to clean energy economies4 7b7 ,authorization of appropriations ,there is authorized to be appropriated1 for each of the fiscal years #bjbc through #bjbg1 such sums as may be necessary to carry out the program authorized under subsection 7a74 4 7d7 ,united ,states-,european ,union ,working ,group ,the ,secretary of ,state1 in consultation with the ,secretary of ,commerce and the ,secretary of ,energy1 shall seek to establish a formal ,united ,states-,european ,union ,working ,group that will develop a strategy to respond to the ,people's ,republic of ,china's ,belt and ,road ,initiative4 ,c ,technology #bba4 ,united ,states leadership and representation in standards-setting bodies 7a7 ,statement of policy ,it is the policy of the ,united ,states to ensure that the ,united ,states leads in the innovation of critical and emerging technologies1 such as next-generation telecommunications1 artificial intelligence1 quantum computing1 semiconductors1 and biotechnology1 by-- 7#a7 providing necessary investment and concrete incentives for the private sector to accelerate development of such technologies2 7#b7 modernizing export controls and investment screening regimes and associated policies and regulations2 7#c7 enhancing ,united ,states leadership in technical standards-setting bodies and avenues for developing norms regarding the use of emerging critical technologies2 7#d7 reducing ,united ,states barriers and increasing incentives for collaboration with allies and partners on the research and co-development of critical technologies2 7#e7 collaborating with allies and partners to protect critical technologies by-- 7,a7 crafting multilateral export control measures2 7,b7 building capacity for defense technology security2 7,c7 safeguarding chokepoints in supply chains2 and 7,d7 ensuring diversification2 and 7#f7 designing major defense capabilities for export to allies and partners4 7b7 ,sense of ,congress ,it is the sense of ,congress that-- 7#a7 the ,united ,states must lead in international bodies that set the governance norms and rules for critical digitally enabled technologies in order to ensure that those technologies operate within a free1 secure1 interoperable1 and stable digital domain2 7#b7 the ,united ,states1 along with allies and partners1 should lead an international effort that utilizes all of the economic and diplomatic tools at its disposal to combat the expanding use of information and communications technology products and services to surveil1 repress1 and manipulate populations 7also known as digital authoritarianism72 7#c7 the ,united ,states should lead a global effort to ensure that freedom of information1 including the ability to safely consume or publish information without fear of undue reprisals1 is maintained as the digital domain becomes an increasingly integral mechanism for communication2 7#d7 the ,united ,states should lead a global effort to develop and adopt a set of common principles and standards for critical technologies to ensure that the use of such technologies cannot be abused by malign actors1 whether those actors are governments or other entities1 and that those actors do not threaten democratic governance or human rights2 7#e7 the ,united ,states and its allies and partners should maintain participation and leadership at international standards-setting bodies for #eth and future generation mobile telecommunications systems and infrastructure2 7#f7 the ,united ,states should work with its allies and partners to encourage and facilitate the development of secure supply chains and networks for #eth and future generation mobile telecommunications systems and infrastructure2 and 7#g7 the maintenance of a high standard of security in telecommunications and cyberspace between the ,united ,states and its allies and partners is a national security interest of the ,united ,states4 7c7 ,enhancing representation and leadership of ,united ,states at international standards-,setting bodies 7#a7 ,in general ,the ,president shall-- 7,a7 establish an interagency working group to provide assistance and technical expertise to enhance the representation and leadership of the ,united ,states at international bodies that set standards for equipment1 systems1 software1 and virtually defined networks that support #eth and future generation mobile telecommunications systems and infrastructure1 such as the ,international ,telecommunication ,union and the #crd ,generation ,partnership ,project2 and 7,b7 work with allies1 partners1 and the private sector to increase productive engagement with respect to the standards described in subparagraph 7,a74 7#b7 ,interagency working group ,the interagency working group described in paragraph 7#a7 shall-- 7,a7 be chaired by the ,secretary of ,state or a designee of the ,secretary of ,state2 and 7,b7 consist of the head 7or designee7 of each ,federal department or agency the ,president determines appropriate4 7#c7 ,briefings 7,a7 ,in general ,not later than #ahj days after the date of the enactment of this ,act1 and subsequently thereafter as provided under subparagraph 7,b71 the interagency working group described in paragraph 7#a7 shall provide a strategy to the ,committee on ,foreign ,relations of the ,senate and the ,committee on ,foreign ,affairs of the ,house of ,representatives that addresses-- 7i7 promotion of ,united ,states leadership at international standards-setting bodies for equipment1 systems1 software1 and virtually defined networks relevant to #eth and future generation mobile telecommunications systems and infrastructure1 taking into account the different processes followed by the various international standard-setting bodies2 7ii7 diplomatic engagement with allies and partners to share security risk information and findings pertaining to equipment that supports or is used in #eth and future generation mobile telecommunications systems and infrastructure and cooperation on mitigating such risks2 7iii7 ,china's presence and activities at international standards-setting bodies relevant to #eth and future generation mobile telecommunications systems and infrastructure1 including information on the differences in the scope and scale of ,china's engagement at such bodies compared to engagement by the ,united ,states or its allies and partners and the security risks raised by ,chinese proposals in such standards-setting bodies2 and 7iv7 engagement with private sector communications and information service providers1 equipment developers1 academia1 federally funded research and development centers1 and other private sector stakeholders to propose and develop secure standards for equipment1 systems1 software1 and virtually defined networks that support #eth and future generation mobile telecommunications systems and infrastructure4 7,b7 ,subsequent briefings ,upon receiving a request from the appropriate congressional committees1 or as determined appropriate by the chair of the interagency working group described in paragraph 7#a71 the interagency working group shall provide such committees an updated briefing that covers the matters described in clauses 7i7 through 7iv7 of subparagraph 7,a74 #bbb4 ,sense of ,congress on cooperation with the ,g#bj ,digital ,economy ,working ,group ,it is the sense of ,congress that-- 7#a7 the ,group of ,twenty 7,g#bj7 ,digital ,economy ,working ,group advances national and international interests through promoting principled and practical standards2 and 7#b7 the ,united ,states should continue to support1 engage1 and exercise leadership in the working group-- 7,a7 to maximize the benefits and minimize the harms of the #gj1jjj1jjj1jjj and growing global digital economy2 7,b7 to increase international digital connectivity and trade2 7,c7 to modernize the global economy with new technologies such as blockchain1 artificial intelligence1 and machine learning2 7,d7 to protect cross border data flow and data free flow with trust2 7,e7 to promote social inclusion through digital quality control1 consumer protection1 child protection1 and equitable access to new technologies2 7,f7 to improve efficiency and interoperability for technologies and regulations in the public sector2 7,g7 to advance the past initiatives of the working group such ,smart ,cities1 ,digital ,security1 and the ,connecting ,humanity #bjcj ,initiative2 and 7,h7 to enable progress toward the ,united ,nations ,sustainable ,development ,goals4 #bbc4 ,statement of policy on artificial intelligence and the global economy ,it is the policy of the ,united ,states-- 7#a7 to prioritize diplomacy and international engagement in the artificial intelligence strategies and policies of the ,united ,states2 7#b7 to prioritize artificial intelligence issues in ,united ,states diplomacy2 7#c7 to collaborate with allies and partners to-- 7,a7 research1 develop1 produce1 and invest in artificial intelligence technologies that support economic prosperity1 collective security1 democracy1 and human rights2 7,b7 promote commitments and international law related to artificial intelligence that reflect shared values2 7,c7 ensure that artificial intelligence technologies are safe1 secure1 and trustworthy2 7,d7 create and maintain artificial intelligence-related technical and institutional infrastructure2 7,e7 share artificial intelligence-related data1 technology1 and knowledge1 subject to appropriate safeguards and restrictions2 7,f7 prevent the unwanted transfer of sensitive artificial intelligence-related technical information2 7,g7 coordinate artificial intelligence-related export controls and investment screening procedures2 and 7,h7 educate and train new cohorts of artificial intelligence researchers1 developers1 and practitioners2 7#d7 to incorporate perspectives and expertise from industry1 academia1 and civil society into ,united ,states diplomatic activities related to artificial intelligence2 7#e7 to engage with bilateral and multilateral organizations active in artificial intelligence research1 development1 and policy2 and 7#f7 to use diplomacy and foreign assistance to support activities for deploying artificial intelligence that create broadly shared prosperity1 account for relevant artificial intelligence safety and security concerns1 and uphold human rights and democratic values4 #bbd4 ,diplomatic strategy for artificial intelligence 7a7 ,in general ,not later than #a year after the date of the enactment of this ,act1 and every #b years thereafter1 the ,secretary of ,state shall develop and submit to the appropriate congressional committees a strategy for ,united ,states diplomacy related to artificial intelligence4 7b7 ,contents ,each strategy required by subsection 7a7 shall include the following3 7#a7 ,a review of relevant prior and ongoing initiatives1 the outcomes of those initiatives1 and key ongoing challenges to those initiatives4 7#b7 ,the objectives and priorities that will be used to guide the diplomacy of the ,united ,states ,government related to artificial intelligence1 including objectives and priorities related to each of the following3 7,a7 ,promoting human rights and democratic values in the development and deployment of artificial intelligence technologies1 including by advancing relevant international law and principles4 7,b7 ,deterring and disrupting malicious and oppressive uses of artificial intelligence4 7,c7 ,fostering ,united ,states collaboration with allies and partners in artificial intelligence research and development4 7,d7 ,developing appropriate technical standards1 metrics1 and measurement techniques for artificial intelligence4 7,e7 ,mitigating safety risks of artificial intelligence4 7,f7 ,maintaining secure supply chains for artificial intelligence technology and its inputs1 including computing hardware4 7,g7 ,ensuring the integrity of the artificial intelligence research and development activities of the ,united ,states and its allies and partners4 7,h7 ,ensuring the equitable deployment and adoption of artificial intelligence technology1 including through trade1 foreign assistance1 and development finance4 7,i7 ,involving the private sector and civil society4 7,j7 ,responding to the artificial intelligence activities and strategies of other countries1 including the ,people's ,republic of ,china4 7#c7 ,specific1 measurable indicators of progress corresponding to the objectives and priorities described in paragraph 7#b74 7#d7 ,for each strategy other than the first strategy required by subsection 7a71 an assessment of whether and how progress with respect to each of the indicators identified in the preceding strategy was realized4 7#e7 ,a detailed implementation plan1 including timelines1 designations of lead and supporting implementing entities of the ,united ,states ,government1 budgetary estimates 7as applicable71 and descriptions of any additional budgetary resources1 technical expertise1 legal authorities1 or personnel needed for implementation of the strategy4 7#f7 ,any other matters the ,secretary considers relevant4 7c7 ,consultation ,in preparing each strategy required by subsection 7a71 the ,secretary of ,state shall consult with-- 7#a7 the ,secretary of ,defense2 7#b7 the ,secretary of ,homeland ,security2 7#c7 the ,secretary of ,commerce2 7#d7 the ,secretary of ,energy2 7#e7 the ,director of the ,national ,science ,foundation2 7#f7 the ,director of the ,office of ,science and ,technology ,policy2 7#g7 the heads of such other relevant ,federal agencies and departments as the ,secretary of ,state considers appropriate2 and 7#h7 such nongovernmental partners as the ,secretary considers appropriate4 7d7 ,form ,each strategy required by subsection 7a7 shall be submitted in unclassified form1 but may include a classified annex4 7e7 ,publication ,the ,secretary of ,state shall make each strategy required by subsection 7a7 7without its classified annex1 if any7 available on a publicly accessible website4 7f7 ,definition of appropriate congressional committees ,in this section1 the term appropriate congressional committees means the ,committee on ,foreign ,relations of the ,senate and the ,committee on ,foreign ,affairs of the ,house of ,representatives4 #bbe4 ,international collaboration on research and development 7a7 ,findings ,congress finds the following3 7#a7 ,innovation in artificial intelligence and other emerging technology domains has become increasingly global4 ,according to the ,organisation for ,economic ,co-operation and ,development1 worldwide spending on research and development more than tripled between #bjjj and #bjbj4 ,the ,united ,states accounted for almost #gj percent of such spending in #aifj1 but less than #a_/c in #bjah4 7#b7 ,many allies and partners of the ,united ,states are technological powers in their own right1 with robust research and development activities and world-leading capabilities in fields such as artificial intelligence1 semiconductors1 robotics1 and biotechnology4 7#c7 ,adversaries of the ,united ,states1 including the ,people's ,republic of ,china1 the ,russian ,federation1 and ,iran1 also emphasize technology and innovation in their geopolitical strategies4 ,in particular1 the ,chinese ,communist ,party believes innovation is essential to its continued rule and is investing heavily in research and development as part of a strategy to leapfrog the ,united ,states into global leadership4 7#d7 ,the ,united ,states and its allies and partners collectively control a much larger share of research and development activity than the ,people's ,republic of ,china4 ,together1 the ,united ,states and #f like-minded countries1 namely1 ,japan1 ,germany1 ,south ,korea1 ,india1 ,france1 and the ,united ,kingdom1 account for more than #a_/b of global spending on research and development1 while the ,people's ,republic of ,china accounts for approximately #a_/d4 7#e7 ,the ,national ,science ,board's ,vision #bjcj report1 issued in ,may #bjbj1 states1 ,staying at the frontiers of discovery requires leaning into internationalism1 particularly given the nation's falling share of global knowledge production1 paired with the rising importance and impact of international collaboration and knowledge- and technology-intensive industries44 7#f7 ,previously1 in #bjjh1 the ,national ,science ,board reported1 ,the ,u4,s4 ,government could play a more effective role in supporting international ,s,e 7science and engineering7 partnerships by developing a coherent international ,s,e strategy to coordinate the activities and objectives of the various ,federal agencies that play a role in such partnerships4 ''' ,no single ,u4,s4 agency is responsible for coordinating or supporting international ,s,e partnerships1 and few ,u4,s4 agencies that do ,s,e work have explicit missions in international relations44 7#g7 ,as of ,march #bjbb1 numerous ,federal departments and offices administer joint research and development activities with international partners1 including the ,office of ,international ,science and ,engineering within the ,national ,science ,foundation1 the ,division of ,international ,relations within the ,national ,institutes of ,health1 and the ,office of ,international ,science ,technology ,cooperation within the ,department of ,energy4 7b7 ,sense of ,congress ,it is the sense of ,congress that-- 7#a7 international collaboration on research and development is critical to maintaining ,united ,states leadership in artificial intelligence and other critical technologies2 and 7#b7 ,federal initiatives related to international collaboration on research and development should be-- 7,a7 consistently and adequately funded2 and 7,b7 coordinated across agencies to increase impact1 minimize undue duplication1 and ensure alignment with policies and strategic objectives of the ,united ,states4 7c7 ,government ,accountability ,office report ,not later than #ahj days after the date of the enactment of this ,act1 the ,comptroller ,general of the ,united ,states shall prepare and release to the public a report that-- 7#a7 enumerates and describes all significant ,federal initiatives related to international collaboration on research and development in emerging technologies in existence as of the date on which the report is released2 7#b7 assesses whether those initiatives are equipped to achieve their stated goals2 7#c7 assesses whether those initiatives are properly managed and coordinated within and across ,federal agencies2 and 7#d7 recommends appropriate actions with respect to paragraphs 7#a7 through 7#c74 7d7 ,independent report 7#a7 ,in general ,not later than #ahj days after the date of the enactment of this ,act1 the ,secretary of ,state shall seek to enter into a contract with an appropriately qualified independent research entity1 such as a federally funded research and development center or other nonprofit organization1 to produce a report on ,federal activities related to international collaboration on research and development4 7#b7 ,elements ,the report described in paragraph 7#a7 shall-- 7,a7 assess the effectiveness of ,federal activities related to international collaboration conducted as of the date on which the report is produced2 7,b7 identify key opportunities for enhanced collaboration on research and development with allies and partners of the ,united ,states2 7,c7 identify key challenges to ,united ,states collaboration on research and development with allies and partners2 7,d7 propose a ,federal strategy and corresponding implementation plan for future ,federal activities related to international collaboration on research and development2 and 7,e7 recommend other appropriate actions for the ,secretary of ,state1 other officials of the ,department of ,state1 ,congress1 and other relevant governmental and nongovernmental actors1 and identify any additional resources or legal authorities necessary to carry out such actions4 7#c7 ,completion ,the contract described in paragraph 7#a7 shall require delivery of the report described in that paragraph not later than #a year after the date on which the contract is executed4 7#d7 ,publication ,the ,secretary of ,state shall make the report described in paragraph 7#a7 available on a publicly accessible website4 ,d ,international financial institutions and multilateral economic organizations #bca4 ,statement of policy on ,united ,states leadership at international financial institutions ,it is the policy of the ,united ,states-- 7#a7 to recognize rising debt stock in emerging market and developing countries as a national security and economic security threat and raise its importance in multilateral fora2 7#b7 to leverage the voice and vote of the ,united ,states in international financial institutions to prevent future unsustainable debt stocks in emerging market and developing countries2 7#c7 to promote rule-writing standards for transparency and disclosure that hold both debtors and creditors accountable1 allow accurate debt sustainability assessments1 and promote better debt management2 7#d7 to lead the international community in translating the ,g#bj ,common ,framework for ,debt ,treatments beyond the ,debt ,service ,suspension ,initiative 7commonly known as the ,common ,framework7 into tangible action1 including effective standstill for debt payments and credit revisions for petitioner countries and finalizing the debt treatment for the petitioner countries1 beginning with ,chad1 ,ethiopia1 and ,zambia2 7#e7 to reduce timelines and increase confidence in outcomes for the ,common ,framework so that private creditors continue to provide sufficient finances to petitioner countries and other countries witness the benefits of petitioning2 7#f7 to expand the ,common ,framework and offer its financial assistance to other heavily indebted lower-middle-income countries1 beyond those currently covered2 7#g7 to cooperate with counterparts in the ,group of ,twenty 7,g#bj71 the ,international ,monetary ,fund1 private credit rating agencies1 and regulators1 to explore and develop new bond and loan contract issuance standards that authorize temporary suspensions of debt services to both private and public creditors without triggering a default in crisis situations2 7#h7 to engage with petitioner countries1 before those countries exhaust their reserves1 to strategize their ascension into the ,common ,framework and prevent further economic costs2 7#i7 to leverage the voice and vote of the ,united ,states in the ,international ,monetary ,fund and the ,world ,bank so that the ,fund and the ,bank complete preliminary assessments of the debt relief needed by each country eligible for ,common ,framework treatment before such countries petition for debt relief2 7#aj7 that assessments described in paragraph 7#i7 should-- 7,a7 include realistic growth and fiscal projections2 7,b7 include implications of ,common ,framework debt relief2 and 7,c7 be based on accurate and comprehensive debt data2 7#aa7 to support the ,international ,monetary ,fund lending into arrears for the ,common ,framework in the case that private lenders fail to uphold their initial commitments2 7#ab7 to leverage the voice and vote of the ,united ,states in international financial intuitions to promote and finance international initiatives to procure and deploy more affordable and accessible ,,covid-#ai vaccinations and treatments for emerging market and developing countries2 7#ac7 to address the near-term problems associated with the pandemic-induced global recession and also longer term problems of unsustainable credit lending and borrowing that victimizes emerging market and developing countries2 and 7#ad7 to consider the impact of the monetary policies of the ,united ,states and future increases in interest rates on emerging market and developing countries and mitigate related harms4 #bcb4 ,loans to the ,poverty ,reduction and ,growth ,trust of the ,international ,monetary ,fund 7a7 ,authorization of appropriations 7#a7 ,in general ,there are authorized to be appropriated to the ,secretary of the ,treasury for fiscal year #bjbb #ajb1jjj1jjj1 for contribution to the ,poverty ,reduction and ,growth ,trust or other special purpose vehicle of the ,international ,monetary ,fund4 7#b7 ,availability of amounts ,amounts appropriated pursuant to the authorization of appropriations under paragraph 7#a7 shall remain available until ,september #cj1 #bjca4 7b7 ,use of amounts ,amounts appropriated pursuant to the authorization of appropriations under subsection 7a7 shall be available-- 7#a7 to cover the cost 7as defined in section #ejb of the ,congressional ,budget ,act of #aigd 7#b ,u4,s4,c4 #ffa;a77 of loans made by the ,secretary of the ,treasury to the ,poverty ,reduction and ,growth ,trust or other special purpose vehicle of the ,international ,monetary ,fund2 and 7#b7 to subsidize gross obligations for the principal amount of direct loans not to exceed #ae1jjj1jjj1jjj ,special ,drawing ,rights4 7c7 ,nonapplicability of certain limitation ,section #e7;f7 of the ,bretton ,woods ,agreements ,act 7#bb ,u4,s4,c4 #bhf;c7f77 shall not apply to any loans made pursuant to this section to the ,poverty ,reduction and ,growth ,trust or other special purpose vehicle of the ,international ,monetary ,fund on or before ,september #cj1 #bjca4 7d7 ,authorization of certain transactions ,the ,exchange ,stabilization ,fund and the financing account corresponding to transactions with the ,international ,monetary ,fund are authorized to enter into such transactions as are necessary to effectuate loans made pursuant to this section and denominated in ,special ,drawing ,rights to the ,poverty ,reduction and ,growth ,trust or other special purpose vehicle of the ,international ,monetary ,fund4 #bcc4 ,clearing ,world ,bank ,group arrears ,not later than #cj days after the date of the enactment of this ,act1 the ,secretary of the ,treasury shall provide the ,world ,bank ,group with all necessary amounts to address the ,united ,states arrears in contributions from fiscal years #bjai and #bjbj4 #bcd4 #ajth general capital increase for the ,inter-,american ,development ,bank 7a7 ,sense of congress ,it is the sense of ,congress that-- 7#a7 the spread of ,,sars-,co,v-#b1 the virus that causes ,,covid-#ai1 has had a significant impact on economic1 social1 and humanitarian conditions throughout ,latin ,america and the ,caribbean2 7#b7 the ,inter-,american ,development ,bank is the preeminent multilateral development bank dedicated to regional economic and social development and the betterment of lives across ,latin ,america and the ,caribbean2 7#c7 the ,bank has played an integral role in supporting member countries with the coordination and implementation of policies to mitigate the effects of the ,,covid-#ai pandemic1 the ,venezuelan refugee and migration crisis1 and other crises in the ,western ,hemisphere2 7#d7 a capital increase for the ,bank would greatly increase its capacity to provide financing1 institutional knowledge1 and technical support to foster recovery and inclusion initiatives between regional governments1 private sector entities1 and international organizations2 and 7#e7 the ,united ,states1 as a founding member of the ,bank1 should support a capital stock increase to ensure the ,bank is prepared to offer additional support to member countries severely impacted by the ,,covid-#ai pandemic and other crises4 7b7 ,tenth general capital increase 7#a7 ,support for a general capital increase ,the ,president shall take steps to support a tenth general capital increase for the ,inter-,american ,development ,bank4 7#b7 ,diplomatic engagement ,the ,president shall advance diplomatic engagement to build support among member countries of the ,bank for a tenth general capital increase for the ,bank in order to strengthen the capacity of the ,bank-- 7,a7 to support ,latin ,american and ,caribbean countries in their efforts to address the ,,covid-#ai pandemic and the related economic impact2 and 7,b7 to advance inclusive economic and social development in the ,americas4 7#c7 ,progress report ,not later than #de days after the date of the enactment of this ,act1 the ,president shall submit to the ,committee on ,foreign ,relations of the ,senate and the ,committee on ,financial ,services of the ,house of ,representatives a report detailing efforts to carry out paragraphs 7#a7 and 7#b74 7#d7 ,tenth capital increase ,the ,inter-,american ,development ,bank ,act 7#bb ,u4,s4,c4 #bhc et seq47 is amended by adding at the end the following3 #db4 ,tenth capital increase 7a7 ,vote authorized ,the ,united ,states ,governor of the ,bank is authorized to vote in favor of a resolution to increase the capital stock of the ,bank by #hj1jjj1jjj1jjj over a period not to exceed #e years4 7b7 ,subscription authorized 7#a7 ,in general ,the ,united ,states ,governor of the ,bank may subscribe on behalf of the ,united ,states to #a1iij1gad additional shares of the capital stock of the ,bank4 7#b7 ,limitation ,any subscription by the ,united ,states to the capital stock of the ,bank shall be effective only to such extent and in such amounts as are provided in advance in appropriations ,acts4 7c7 ,limitations on authorization of appropriations 7#a7 ,in general ,in order to pay for the increase in the ,united ,states subscription to the ,bank under subsection 7b71 there is authorized to be appropriated #bd1jad1heg1aia for payment by the ,secretary of the ,treasury4 7#b7 ,allocation of funds ,of the amount authorized to be appropriated under paragraph 7#a7-- 7,a7 #fjj1cga1dcj shall be for paid in shares of the ,bank2 and 7,b7 #bc1dad1dhe1gfa shall be for callable shares of the ,bank4 4 7c7 ,support for environmental sustainability initiatives of ,inter-,american ,development ,bank 7#a7 ,sense of ,congress ,it is the sense of ,congress that the ,inter-,american ,development ,bank should-- 7,a7 establish its own environmental grant-making and financing facility in order to implement and expand environmental policies1 metrics1 and standards1 to strengthen resilience and disaster preparedness1 and to improve sustainability and conservation2 and 7,b7 continue to strengthen environmental safeguards as an element of economic development in the ,western ,hemisphere4 7#b7 ,diplomatic engagement ,the ,president shall advance diplomatic engagement to build support among member countries of the ,bank for the creation of an environmental fund and financing facility as part of the tenth general capital increase for the ,bank4 #bce4 ,participation of ,taiwan in ,inter-,american ,development ,bank 7a7 ,findings ,congress makes the following findings3 7#a7 ,the ,inter-,american ,development ,bank was established in #aiei and-- 7,a7 is the premier multilateral development bank in the ,western ,hemisphere2 7,b7 is the largest source of development financing for ,latin ,america and the ,caribbean2 and 7,c7 issued more than #adj1jjj1jjj1jjj in loans and grants between #bjaa and #bjba4 7#b7 ,the ,inter-,american ,development ,bank-- 7,a7 has #dh member states1 of which #bf are borrowing members in the ,latin ,america and the ,caribbean region2 and 7,b7 constitutes a critical forum for fostering collective action and meeting shared regional challenges1 including ,,covid-#ai recovery and response4 7#c7 ,japan1 the ,republic of ,korea1 and the ,people's ,republic of ,china are among the #bb non-borrowing1 non-,western ,hemisphere members of the ,inter-,american ,development ,bank4 7#d7 ,taiwan-- 7,a7 has been an observer at the ,inter-,american ,development ,bank since #aiia2 7,b7 has contributed to a specialized financial intermediary development fund at ,,idb ,lab since #bjjf2 7,c7 has been a non-regional member of the ,central ,american ,bank for ,economic ,integration since #aiib2 7,d7 is a member of the ,asian ,development ,bank1 the ,world ,trade ,organization1 the ,asia-,pacific ,economic ,cooperation1 and the ,international ,chamber of ,commerce2 and 7,e7 is a participant of the ,organisation for ,economic ,co-operation and ,development's ,competition ,committee1 its ,steel ,committee1 and its ,fisheries ,committee4 7#e7 ,taiwan's economy is the #gth largest in ,asia and the #bjth largest in the world by purchasing power parity4 7#f7 ,taiwan has been a model contributor of foreign aid in ,latin ,america and the ,caribbean1 allocating between #cj percent and #ej percent of its foreign aid budget to ,latin ,america and the ,caribbean4 7#g7 ,since #bjaj1 ,taiwan's ,international ,cooperation and ,development ,fund has funded #ie projects in ,central ,america1 #fd projects in the ,caribbean1 and #ba projects in ,south ,america4 7#h7 ,taiwan has been a firm supporter of ,haiti as it confronts multiple simultaneous crises-- 7,a7 by providing more than #ade1jjj1jjj in financing to modernize ,haiti's electrical grid2 7,b7 by delivering #bhj1jjj masks at the height of the ,,covid-#ai pandemic2 and 7,c7 by pledging #ejj1jjj in disaster relief immediately after the ,august #ad1 #bjba1 earthquake in ,haiti4 7#i7 ,according to data from the ,pan ,american ,development ,foundation1 communities receiving assistance from ,taiwan display increased-- 7,a7 food security2 7,b7 income generation2 and 7,c7 capacity to recover from natural disasters4 7#aj7 ,taiwan has placed special emphasis on fostering development in ,central ,america and in the ,caribbean1 including by signing the ,agreement on the ,republic of ,china 7,taiwan7--,central ,america ,economic ,development ,fund in #aiih4 7#aa7 ,through its non-regional member status at the ,central ,american ,bank for ,economic ,integration1 ,taiwan has provided #bff1gjj1jjj in financial assistance to help ,central ,american countries respond to the ,,covid-#ai pandemic4 ,on ,april #bb1 #bjba1 the ,central ,american ,bank for ,economic ,integration announced the opening of its ,representative ,office in ,taiwan1 deepening investment ties between ,taiwan and ,central ,america4 7#ab7 ,nine countries in ,latin ,america and the ,caribbean maintain diplomatic relations with ,taiwan1 and ,taiwan has #h representative offices in #g other countries in the region4 7#ac7 ,since #bjaf1 the ,government of the ,people's ,republic of ,china has engaged in aggressive economic diplomacy to compel the withdrawal of diplomatic recognition for ,taiwan1 most notably in ,panama1 the ,dominican ,republic1 and ,el ,salvador1 all of which have terminated longstanding and productive diplomatic relationships with ,taiwan and granted diplomatic recognition to the ,people's ,republic of ,china4 7#ad7 ,the ,government of the ,people's ,republic of ,china-- 7,a7 announced a #a1ajj1jjj1jjj construction project in ,panama on the day that ,panama switched from recognizing ,taiwan to recognizing the ,people's ,republic of ,china as the government of ,china2 and 7,b7 similarly offered assistance packages to the ,dominican ,republic and ,el ,salvador in #bjah in exchange for those countries ceasing their diplomatic recognition of ,taiwan4 7#ae7 ,taiwan's international engagement has faced increased resistance from the ,government of the ,people's ,republic of ,china1 which has used its influence to deny ,taiwan's invitations to multilateral fora4 ,for example1 ,taiwan was not invited to the #bjaf ,assembly of the ,international ,civil ,aviation ,organization 7,,icao71 despite participating as a guest at ,,icao's #bjac summit4 ,taiwan's requests to participate in the ,general ,assembly of the ,international ,criminal ,police ,organization 7commonly known as ,,interpol7 were also rejected4 7#af7 ,taiwan's inclusion in multilateral organizations1 such as the ,inter-,american ,development ,bank1 advances peace and stability in the world and in the ,western ,hemisphere specifically4 7#ag7 ,congress has demonstrated a longstanding policy of supporting ,taiwan's participation in international bodies that address shared transnational challenges by-- 7,a7 authorizing the ,secretary of ,state1 in ,public ,law #ajf-acg1 ,public ,law #ajg-aj1 and ,public ,law #ajh-bce1 to initiate a ,united ,states plan for supporting ,taiwan's participation as an observer in the activities of the ,world ,health ,organization2 7,b7 directing the ,secretary of ,state1 in ,public ,law #aac-ag1 to report on a strategy to obtain observer status for ,taiwan at the ,international ,civil ,aviation ,organization ,assembly2 and 7,c7 directing the ,secretary of ,state1 in ,public ,law #aad-aci1 to develop a strategy to obtain observer status for ,taiwan at the ,,interpol ,assembly4 7#ah7 ,despite these efforts1 ,taiwan has not received an invitation to attend as an observer any of the events of the international organizations referred to in paragraph 7#ag7 since #bjaf4 7b7 ,sense of congress ,it is the sense of ,congress that-- 7#a7 the ,united ,states fully supports ,taiwan's participation in1 and contribution to1 international organizations and underscores the importance of the relationship between ,taiwan and the ,united ,states2 7#b7 diversifying the ,inter-,american ,development ,bank's donor base and increasing ally engagement in the ,western ,hemisphere reinforces ,united ,states national interests2 7#c7 ,taiwan's significant contribution to the development and economies of ,latin ,america and the ,caribbean demonstrate that ,taiwan's membership in the ,inter-,american ,development ,bank as a non-borrowing member would benefit the ,bank and the entire ,latin ,american and ,caribbean region2 and 7#d7 non-borrowing membership in the ,inter-,american ,development ,bank would allow ,taiwan to substantially leverage and channel the immense resources ,taiwan already provides to ,latin ,america and the ,caribbean to reach a larger number of beneficiaries4 7c7 ,plan for the participation of taiwan in the inter-,american development bank ,the ,secretary of ,state1 in coordination with the ,secretary of the ,treasury1 is authorized-- 7#a7 to initiate a ,united ,states plan to endorse non-borrowing membership in the ,inter-,american ,development ,bank for ,taiwan2 and 7#b7 to instruct the ,united ,states ,governor of the ,bank to work with the ,board of ,governors of the ,bank to admit ,taiwan as a non-borrowing member of the ,bank4 7d7 ,report concerning member state status for taiwan at the ,inter-,american ,development ,bank ,not later than #ij days after the date of the enactment of this ,act1 and not later than ,april #a of each year thereafter1 the ,secretary of ,state1 in coordination with the ,secretary of the ,treasury1 shall submit an unclassified report to the ,committee on ,foreign ,relations of the ,senate and the ,committee on ,foreign ,affairs of the ,house of ,representatives that-- 7#a7 describes the ,united ,states plan to endorse and obtain non-borrowing membership status for ,taiwan at the ,inter-,american ,development ,bank2 7#b7 includes an account of the efforts that the ,secretary of ,state and the ,secretary of the ,treasury have made to encourage member states of the ,bank to promote ,taiwan's bid to obtain non-borrowing membership at the ,bank2 and 7#c7 identifies the steps that the ,secretary of ,state and the ,secretary of the ,treasury will take to endorse and obtain non-borrowing membership status for ,taiwan at the ,bank in the following year4 #bcf4 ,increased ,united ,states cooperation with ,asia-,pacific ,economic ,cooperation ,the ,secretary of ,state shall pursue the following objectives at the ,asia-,pacific ,economic ,cooperation forum3 7#a7 ,improving efficiency in supply chains1 particularly semi-conductor supply chains4 7#b7 ,encouraging continued public-private dialogues with policymakers and promoting a common set of technology standards1 including the possibility of a digital trade agreement4 7#c7 ,promoting the development and use of policy recommendations for governments to support research and development of clean energy 7both renewable and non-renewable7 and adopting robust clean energy standards4 7#d7 ,advancing cooperation that reduces barriers to cross-border investment into emerging and growing markets4 7#e7 ,improving cybersecurity in the ,asia-,pacific region and developing tools for governments to combat cyber threats1 including ransomware1 disinformation1 and cyber hacks4 ,e ,resilience #bda4 ,sense of ,congress regarding ,united ,states leadership in recovery and resiliency ,it is the sense of ,congress that the ,united ,states must exercise leadership in the international community's response to the ,,covid-#ai pandemic regarding public health and economic recovery and resiliency1 including by-- 7#a7 leveraging multilateral fora1 such as the ,group of ,seven 7,g#g7 and the ,group of ,twenty 7,g#bj71 which constitute more than #cj percent and #gj percent of the global economy1 respectively1 to coordinate an effective international response to persistent economic issues related to supply chains1 inflation1 and inequality2 7#b7 revitalizing the ,united ,nations and its associated institutions to coordinate and facilitate international initiatives that-- 7,a7 promote global health and economic security2 and 7,b7 build resilience to present and forecasted shocks and stresses that impede economic growth or trigger1 contribute to1 result in1 or cause backsliding2 7#c7 empowering like-minded allies and partners to leverage their respective strengths and assume greater responsibilities in such international fora and institutions2 7#d7 continuing to fund and finance international initiatives1 such as ,,covax1 to provide and distribute life-saving vaccinations and medical treatments for ,,covid-#ai2 7#e7 promoting an equitable international economic recovery that promotes building developing countries' resilience capacities to address enduring disparities and challenges facing lower and middle income countries in addition to more recent challenges related to high-levels of global inflation and market volatility2 and 7#f7 supporting an impartial1 independent1 and international investigation into the origins of the ,,covid-#ai pandemic to derive lessons learned and prevent similar international disasters in the future4 #bdb4 ,sense of ,congress regarding improving resilience capacities through foreign assistance ,it is the sense of ,congress that ,united ,states foreign assistance and development finance must better suit its foreign assistance and development finance institutions to improve global resilience capacities and mitigate the harmful effects of international shocks and stresses1 including by-- 7#a7 equipping people1 institutions1 and international systems with the tools and resources necessary to avoid1 cope with1 and recover from modern threats1 such as pandemic diseases1 climate change1 and extreme weather1 cybersecurity compromises1 and supply chain disruptions2 7#b7 partnering with other countries to better assess their vulnerabilities and risks to international shocks and identifying sustainable strategies for mitigating risk and improving resilience2 7#c7 prioritizing funding for foreign assistance and development finance initiatives that seek to prevent1 respond and reduce risks of international shocks2 7#d7 expanding foreign capacity building initiatives in law enforcement1 public health1 cybersecurity1 food and energy security2 7#e7 strengthening institutions that facilitate economic cooperation and transparency in times of international crisis and uncertainty2 and 7#f7 providing support for countries to strengthen domestic resource mobilization and access to effective and equitable development finance in order to reduce dependence on foreign assistance4 #bdc4 ,office of ,economic ,resiliency ,section #a of the ,state ,department ,basic ,authorities ,act of #aief 7#bb ,u4,s4,c4 #bfea;a7 is amended-- 7#a7 by redesignating subsection 7h7 7as added by section #cfa of ,public ,law #aaf-bfj7 as subsection 7k72 and 7#b7 by adding at the end the following3 7l7 ,office of ,economic ,resiliency 7#a7 ,in general ,there is established1 within the ,bureau of ,economic and ,business ,affairs of the ,department of ,state1 the ,office of ,economic ,resiliency 7in this subsection referred to as the ,office74 7#b7 ,function ,the ,office1 under the direction of the ,assistant ,secretary for the ,bureau of ,economic and ,business ,affairs1 shall lead ,united ,states' efforts to develop and implement credible national action plans with partner countries aimed at detecting1 understanding1 preventing impacts of1 and responding to present and forecasted shocks and stresses that are destabilizing to countries' national security and economic growth1 including epidemics1 pandemics1 natural disasters1 and other destabilizing events4 4 #bdd4 ,establishment of ,resilience ,trust ,fund at the ,world ,bank ,the ,united ,states ,executive ,director to the ,world ,bank shall use the voice and vote of the ,united ,states to advocate for the establishment of a multi-donor trust fund to incentivize countries to develop and implement credible national action plans aimed at preventing1 detecting1 and responding to epidemics1 pandemics1 and other global destabilizing events4