,,ii  #aag? ,,congress  #b;d ,session   
,s4 #daab  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,april #bh1 #bjbb,mr4  
,m55dez introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,=eign ,relations  ,a ,,bill  ,to       
address issues involv+ ! economic       
/atecraft ( ! ,unit$ ,/ates1 & = o!r    
purposes4  #a4 ,%ort title  7a7 ,%ort   
title ,?is ,act may be cit$ z !         
,economic ,/atecraft = ! ,tw5ty-,fir/   
,c5tury ,act4  7b7 ,table ( cont5ts ,!  
table ( cont5ts = ?is ,act is z foll[s3 
,sec4 #a4 ,%ort title4,sec4 #b4         
,f9d+s4,,title ,i--,confront,subtitle   
,a--,economic coercion,sec4 #aja4       
,m&atory disclosure ( ,*9ese debt 9     
aid-relat$ applications4,sec4 #ajb4     
,coord9ation ) ! ,organisation =        
,economic ,co-op]ation & ,developm5t on 
,*9ese engagem5t4,sec4 #ajc4 ,c\nt]+    
,*9ese ,economic ,co]cion ,task         
,=ce4,sec4 #ajd4 ,/rategy to c\nt]      
,*9ese economic co]cion on c\ntries &   
entities t support ,taiwan4,subtitle    

,b--,inve/m5t security,sec4 #aaa4       
,provision ( assi/ance to allies &      
p>tn]s ) respect to review+ =eign       
inve/m5t4,subtitle                      
,c--,anti-competition,sec4 #aba4        
,improvem5t ( anti-c\nt]feit+           
measures4,sec4 #abb4 ,intellectual      
prop]ty violators li/4,sec4 #abc4       
,report on subsidies provid$ by         
,gov]nm5t ( ,p's ,republic (            
,*9a4,subtitle ,d--,supply chains,sec4  
#aca4 ,def9itions4,sec4 #acb4 ,dep>tm5t 
( ,/ate diplomatic /rategy on           
semiconductor manufactur+ equipm5t      
export controls4,sec4 #acc4 ,prohibition
 on comm]cial export ( semiconductor    
manufactur+ equipm5t to ,p's ,republic (
 ,*9a4,sec4 #acd4 ,annual semiconductor 
indu/ry monitor+ report on ! ,p's       
,republic ( ,*9a4,sec4 #ace4 ,supply *a9
 coord9ation4,sec4 #acf4 ,/atem5t (     
policy on int]national coop]ation to    
secure critical m9]al supply *a9s4,sec4 
#acg4 ,prioritization ( ef=ts &         
assi/ance to secure critical m9]al      

supply *a9s4,sec4 #ach4 ,lev]ag+        
int]national support4,,title            
,,ii--,compete,subtitle                 
,a--,infrastructure,sec4 #bja4 ,s5se (  
,congress on ! ,build ,back ,bett] ,_w  
initiative4,sec4 #bjb4 ,(fice (         
,/rategic ,inve/m5ts 9 ,unit$ ,/ates    
,int]national ,developm5t ,f9ance       
,corporation4,sec4 #bjc4 ,prohibition on
 transf] ( sov]eign loan gu>antees to   
,unit$ ,/ates ,int]national ,developm5t 
,f9ance ,corporation4,sec4 #bjd4        
,/rategy = promot+ & /r5g!n+            
ne>%or+4,sec4 #bje4 ,s5se ( ,congress on
 ! ,blue ,dot ,initiative4,sec4 #bjf4   
,s5se ( ,congress on ! ,?ree ,seas      
,initiative4,subtitle ,b--,energy,sec4  
#baa4 ,s5se ( ,congress reg>d+ ,unit$   
,/ates engagem5t at ! ,_w ,economic     
,=um4,sec4 #bab4 ,clean en]gy ef=ts ( ! 
,unit$ ,/ates ,int]national ,developm5t 
,f9ance ,corporation4,sec4 #bac4        
,consi/5cy 9 ,unit$ ,/ates policy on    
developm5t f9ance & climate *ange4,sec4 
#bad4 ,en]gy diplomacy & security )9 !  

,dep>tm5t ( ,/ate4,sec4 #bae4 ,unit$    
,/ates & ,european ,union coop]ation on 
climate f9ance = develop+               
c\ntries4,subtitle ,c--,technology,sec4 
#bba4 ,unit$ ,/ates lead]%ip &          
repres5tation 9 /&>ds-sett+ bodies4,sec4
 #bbb4 ,s5se ( ,congress on coop]ation )
 ! ,g#bj ,digital ,economy ,work+       
,gr\p4,sec4 #bbc4 ,/atem5t ( policy on  
artificial intellig5ce & ! global       
economy4,sec4 #bbd4 ,diplomatic /rategy 
= artificial intellig5ce4,sec4 #bbe4    
,int]national collaboration on rese>* & 
developm5t4,subtitle ,d--,int]national  
f9ancial in/itutions & multilat]al      
economic organizations,sec4 #bca4       
,/atem5t ( policy on ,unit$ ,/ates      
lead]%ip at int]national f9ancial       
in/itutions4,sec4 #bcb4 ,loans to !     
,pov]ty ,r$uction & ,gr[? ,tru/ ( !     
,int]national ,monet>y ,fund4,sec4 #bcc4
 ,cle>+ ,_w ,bank ,gr\p arre>s4,sec4    
#bcd4 #aj? g5]al capital increase = !   
,int]-,am]ican ,developm5t ,bank4,sec4  
#bce4 ,p>ticipation ( ,taiwan 9         

,int]-,am]ican ,developm5t ,bank4,sec4  
#bcf4 ,increas$ ,unit$ ,/ates coop]ation
 ) ,asia-,pacific ,economic             
,coop]ation4,subtitle                   
,e--,resilience,sec4 #bda4 ,s5se (      
,congress reg>d+ ,unit$ ,/ates lead]%ip 
9 recov]y & resili5cy4,sec4 #bdb4 ,s5se 
( ,congress reg>d+ improv+ resili5ce    
capacities ?r\gh =eign assi/ance4,sec4  
#bdc4 ,(fice ( ,economic                
,resili5cy4,sec4 #bdd4 ,e/abli%m5t (    
,resili5ce ,tru/ ,fund at ! ,_w ,bank4  
#b4 ,f9d+s ,congress makes ! foll[+     
f9d+s3 7#a7 ,z ( #bjbj1 ! ,unit$ ,/ates 
acc\nts = ne>ly #be p]c5t ( ! _w's gross
 dome/ic product1 am\nt+ to             
approximately #bj1iec1jjj1jjj1jjj4 ,!   
,unit$ ,/ates has major bus9ess deal+s  
on almo/ e cont95t ) involvem5t 9       
multilat]al f9ancial sy/ems1 bilat]al & 
multilat]al economic p>tn]%ips1 & a     
robu/ economy t held ne>ly #cj p]c5t ( !
 _w's %>e ( rese>* & developm5t 9 #bjai4
  7#b7 ,s9ce ,_w ,w> ,,ii1 ! ,unit$     
,/ates has be5 a lead] 9 ! global       

economy1 z demon/rat$ by its memb]%ip 9 
economic-focus$ multilat]al             
organizations su* z ! ,_w ,bank1 !      
,int]national ,f9ance ,corporation1 !   
,int]national ,lab\r ,organization1 & ! 
,gr\p ( ,tw5ty 7,g#bj74 ,! ,unit$ ,/ates
 has lev]ag$ its economic advantage to  
ensure its national security 9 c\ntless 
in/ances1 su* z ?r\gh ! inve/m5t (      
billions ( doll>s us$ to rebuild ,europe
 & re/ore _w ord] foll[+ ,_w ,w> ,,ii4  
7#c7 ,! robu/ economy ( ! ,unit$ ,/ates 
is directly ti$ to its ability to engage
 economically1 diplomatically1 &        
milit>ily ) allies & adv]s>ies4 ,9 a    
#bjai ,pew ,rese>* /udy1 ( ! c\ntries   
survey$1 #df p]c5t ( ,asia-,pacific     
c\ntries1 #cg p]c5t ( ,european         
c\ntries1 & #dg p]c5t ( ,middle ,ea/]n  
c\ntries view ! ,unit$ ,/ates z ! _w's  
lead+ economic p[]4 ,african c\ntries t 
_h an ov]all m favorable impression ( ! 
,p's ,republic ( ,*9a h consequ5tly be5 
engag+ 9 great] economic p>tn]%ips ) !  
,p's ,republic ( ,*9a1 am\nt+ to        

approximately #b1ifj1jjj1jjj 9 #bjbj4   
7#d7 ,accord+ to ! ,organisation =      
,economic ,co-op]ation & ,developm5t1   
ab\t #gj p]c5t ( global economic        
activity occurs ?r\gh global value *a9s4
 ,driv5 by a great] outs\rc+ ( s]vice   
indu/ry "w & great] f9ancial & bus9ess  
s]vice l9kages ) ,europe1 ! ,unit$      
,/ates has increas$ its engagem5t )     
global value *a9s 9 bo? ! manufactur+ & 
s]vices indu/ries4 ,al?\gh ! ,unit$     
,/ates has attempt$ to enc\rage         
value-bas$ practices 9 int]national     
bus9ess ?r\gh bus9ess advisories1 public
 diplomacy1 & o!r economic tools1       
c\ntries l ! ,p's ,republic ( ,*9a d n  
op]ate ) su* value-ori5t$ bus9ess       
op]ations4  7#e7 ,9 #bjbj1 exports made 
up #aj p]c5t ( ! ,unit$ ,/ates economy1 
& ! ,unit$ ,/ates utilizes export       
controls to safegu>d its economic edge &
 national security int]e/s4 ,z has be5  
se5 9 ! case ( export controls impos$   
?r\gh ! ,entity ,li/ ma9ta9$ by !       
,bureau ( ,indu/ry & ,security ( !      

,dep>tm5t ( ,comm]ce to re/rict dual-use
 trade ) ! ,p's ,republic ( ,*9a1 su*   
controls curtail pot5tial militant      
activity by ! ,p's ,lib]ation ,army 9 ! 
,s\? ,*9a ,sea1 human rights abuses1 & !
 use ( semiconductor te*nology = milit>y
 purposes4 ,! exp&$ usage ( export      
controls c cont9ue to b5efit ,unit$     
,/ates economic security4  7#f7         
,int]national f9ancial in/itutions su* z
 ! ,_w ,bank1 ! ,int]national ,monet>y  
,fund1 ! ,int]-,am]ican ,developm5t     
,bank1 & ! ,african ,developm5t ,bank h 
key roles 9 enc\rag+ regional           
coop]ation1 su/a9+ economic developm5t1 
r$uc+ global gre5h\se gas emissions1 &  
r$uc+ global pov]ty4 ,^? values are 9   
l9e ) ,unit$ ,/ates int]national        
developm5t practices1 a commonality t c 
be lev]ag$ = great] coord9at$ coop]ation
 9 ! future1 especially 9 ! wake ( !    
,,covid-#ai p&emic1 includ+ z foll[s3   
7,a7 ,to meet ! ne$s ( develop+ c\ntries
 t ne$ to repay debt am\nt+ to          
approximately #hfj1jjj1jjj1jjj 9 #bjbj1 

,unit$ ,/ates coop]ation ) key          
multilat]al organizations 9 ! smoo?     
roll\t ( ! ,debt ,s]vice ,susp5sion     
,initiative ,refre%] c ensure global    
economic recov]y f ! p&emic :ile        
mitigat+ ! risk ( loan default4  7,b7 ,!
 rise 9 debt transp>5cy has become a    
critical issue z m c\ntries become      
unaw>e ( ! full ext5t ( _! sov]eign debt
 z a result ( pr$atory l5d+ & poor debt 
managem5t4 ,! cont9u$ support by !      
,unit$ ,/ates ( int]national f9ancial   
in/itutions c facilitate re=ms t g      
beyond ! #bjjc proposal ( !             
,int]national ,monet>y ,fund = a        
,sov]eign ,debt ,re/ructur+ ,me*anism4  
7#g7 ,despite ! impact ( ! ,,covid-#ai  
p&emic1 :i* has _h deva/at+ effects on  
global supply *a9s & economic           
productivity1 ! economy ( ! ,p's        
,republic ( ,*9a cont9ues to gr[4 ,z a  
result1 global inve/ors are look+ m t[>d
 ! ,p's ,republic ( ,*9a1 in/ead ( !    
,unit$ ,/ates1 = pot5tial economic      
activity & are will+ to turn a bl9d eye 

to ! ,p's ,republic ( ,*9a's human      
rights violations1 includ+ its use ( =c$
 labor 9 ! ,x9jiang ,uyghur ,autonom\s  
,region4  7#h7 ,! ,unit$ ,/ates1 z a    
major economic lead]1 has a role 9      
prev5t+ pr$atory economic practices1 su*
 z loans to develop+ c\ntries f !       
,gov]nm5t ( ! ,p's ,republic ( ,*9a     
?r\gh ! ,belt & ,road ,initiative4 ,z ! 
,p's ,republic ( ,*9a has come to fill !
 role ( an economic lead] to _m develop+
 c\ntries ) its l5d+1 ! ,unit$ ,/ates   
/&s to lose economically f its trad+    
p>tn]s be+ /uck 9 billion doll> debt    
traps4 ,fur!rmore1 su* pr$atory         
practices h come to ! ,unit$ ,/ates ) ! 
increase ( =eign inve/m5t 9 ! ,unit$    
,/ates f #d1djj1jjj1jjj1jjj to          
#d1fcj1jjj1jjj1jjj ov] ! c\rse ( #bjbj4 
,i ,confront  ,a ,economic co]cion      
#aja4 ,m&atory disclosure ( ,*9ese debt 
9 aid-relat$ applications  7a7 ,9 g5]al 
,! ,unit$ ,/ates ,int]national          
,developm5t ,f9ance ,corporation1 !     
,unit$ ,/ates ,ag5cy = ,int]national    

,developm5t1 ! ,trade & ,developm5t     
,ag5cy1 ! ,mill5nium ,*all5ge           
,corporation1 & o!r indep5d5t &         
executive bran* ag5cies responsible =   
disburs+ =eign aid & developm5t         
assi/ance %all require all applicants = 
,unit$ ,/ates aid to disclose any debt !
 applicant may owe to any entity kn[n to
 be own$ or controll$ by ! ,gov]nm5t ( !
 ,p's ,republic ( ,*9a1 includ+ loan    
am\nts1 duration1 rates1 & contractual  
provisions4  7b7 ,limitation ,unit$     
,/ates =eign aid & developm5t assi/ance 
may n be us$ to amortize any loan       
pr9cipal ow$ to any entity kn[n to be   
own$ or controll$ by ! ,gov]nm5t ( !    
,p's ,republic ( ,*9a4  #ajb4           
,coord9ation ) ! ,organisation =        
,economic ,co-op]ation & ,developm5t on 
,*9ese engagem5t  7a7 ,9 g5]al ,!       
,secret>y ( ,/ate %all coord9ate ) will+
 ,organisation = ,economic ,co-op]ation 
& ,developm5t memb] c\ntries-- 7#a7 to  
/udy ! effects ( ! ,p's ,republic (     
,*9a's ,belt & ,road ,initiative & o!r  

pr$atory economic practices2  7#b7 to   
create a %>$ set ( facts & promote m    
transp>5cy ) respect to su* practices1  
includ+ a jo9t /ocktak+ ( ! ,p's        
,republic ( ,*9a's di/ortive economic   
practices1 su* z subsidies & o!r =ms (  
m>ket-di/ort+ /ate int]v5tion 9 ! ,p's  
,republic ( ,*9a's economy1 & ! negative
 global spillov]s f su* practices2  7#c7
 to e/abli% a solid def9itional         
f\ndation = future dialogues on ! ,p's  
,republic ( ,*9a's unfair economic      
practices & a cle> und]/&+ ( common     
conc]ns & priorities among memb]        
c\ntries2 &  7#d7 to issue jo9t         
in=mational reports t conta9 ! results (
 su* data ga!r+ ef=ts4  #ajc4 ,c\nt]+   
,*9ese ,economic ,co]cion ,task ,=ce    
7a7 ,e/abli%m5t ,n lat] ?an #ahj days   
aft] ! date ( ! enactm5t ( ?is ,act1 !  
,presid5t %all e/abli% an int]ag5cy task
 =ce1 :i* %all be kn[n z ! ,c\nt]+      
,economic ,co]cion ,task ,=ce 7ref]r$ to
 9 ?is section z ! ,task ,=ce74  7b7    
,duties  7#a7 ,9 g5]al ,! ,task ,=ce    

%all-- 7,a7 ov]see ! developm5t &       
implem5tation ( an integrat$ ,unit$     
,/ates ,gov]nm5t /rategy to respond to  
co]cive economic practices ( ! ,p's     
,republic ( ,*9a t are abusive1         
arbitr>y1 pretextual1 & contr>y to      
int]national rules1 :i* %all include--  
7i7 sy/ematically monitor+ & evaluat+-- 
7,i7 ! co/s ( su* practices on ,unit$   
,/ates bus9esses & ov]all ,unit$ ,/ates 
economic p]=mance2  7,,ii7 in/ances 9   
:i* su* practices tak5 aga9/ a          
non-,*9ese entity h b5efitt$ ,unit$     
,/ates p>ties2 &  7,,iii7 ! impacts su* 
practices h _h on ,unit$ ,/ates national
 int]e/s2  7ii7 facilitat+ coord9ation  
among ,f$]al dep>tm5ts & ag5cies :5     
respond+ to su* practices2 &  7iii7     
proactively det]r+ su* economic co]cion2
  7,b7 consult ) ,unit$ ,/ates allies & 
p>tn]s reg>d+-- 7i7 ! feasibility &     
desirability ( collectively id5tify+1   
assess+1 & respond+ to ! ,p's ,republic 
( ,*9a's co]cive economic practices2    
7ii7 actions t c\ld be tak5 to exp&     

int]national coord9ation2 &  7iii7      
e/abli%+ a consi/5t1 coh]5t1 &          
collective int]national response to su* 
co]cive practices1 includ+ a long-t]m   
det]r5ce to su* practices2  7,c7        
effectively engage ! ,unit$ ,/ates      
private sector1 p>ticul>ly sectors1     
gr\ps1 or o!r entities t are susceptible
 to su* co]cive economic practices1 to  
id5tify _! conc]ns reg>d+ su* practices2
 &  7,d7 develop & implem5t a process = 
regul>ly %>+ relevant in=mation1 includ+
 classifi$ in=mation1 to ! ext5t        
appropriate & practicable1 on su*       
co]cive economic practices ) ,unit$     
,/ates allies1 p>tn]s1 & ! private      
sector4  7#b7 ,consultation ,9 c>ry+ out
 its duties "u ?is subsection1 ! ,task  
,=ce %\ld regul>ly consult1 to ! ext5t  
necess>y & appropriate1 )-- 7,a7        
relevant /akehold]s 9 ! private sector2 
7,b7 ,f$]al dep>tm5ts & ag5cies t are n 
repres5t$ on ! ,task ,=ce2 &  7,c7      
,unit$ ,/ates allies & p>tn]s4  7c7     
,memb]%ip ,! ,presid5t %all-- 7#a7      

appo9t ! ,*air ( ! ,task ,=ce f among ! 
/aff ( ! ,national ,security ,c\ncil2   
7#b7 appo9t ! ,vice ,*air ( ! ,task ,=ce
 f among ! /aff ( ! ,national ,economic 
,c\ncil2 &  7#c7 direct ! head ( ea* ( !
 foll[+ ,f$]al dep>tm5ts & ag5cies to   
appo9t p]sonnel1 at ! level ( ,assi/ant 
,secret>y or high]1 to p>ticipate 9 !   
,task ,=ce3 7,a7 ,! ,dep>tm5t ( ,/ate4  
7,b7 ,! ,dep>tm5t ( ,comm]ce4  7,c7 ,!  
,dep>tm5t ( ! ,treasury4  7,d7 ,!       
,dep>tm5t ( ,ju/ice4  7,e7 ,! ,(fice ( !
 ,unit$ ,/ates ,trade ,repres5tative4   
7,f7 ,! ,dep>tm5t ( ,agriculture4  7,g7 
,! ,(fice ( ! ,director ( ,national     
,intellig5ce & o!r appropriate elem5ts (
 ! intellig5ce community 7z def9$ 9     
section #c ( ! ,national ,security ,act 
( #aidg 7#ej ,u4,s4,c4 #cjjc774  7,h7 ,!
 ,securities & ,ex*ange ,commission4    
7,i7 ,! ,unit$ ,/ates ,int]national     
,developm5t ,f9ance ,corporation4  7,j7 
,any o!r dep>tm5t or ag5cy designat$ by 
! ,presid5t4  7d7 ,reports  7#a7        
,initial report ,n lat] ?an #a ye> aft] 

! date ( ! enactm5t ( ?is ,act1 ! ,task 
,=ce %all submit a report to !          
appropriate congressional committees t  
includes-- 7,a7 a compreh5sive review ( 
! array ( economic tools ! ,gov]nm5t ( !
 ,p's ,republic ( ,*9a employs or c\ld  
employ to co]ce o!r gov]nm5ts1          
non-,*9ese companies 7includ+ ,unit$    
,/ates companies71 & multilat]al        
in/itutions & organizations1 includ+ !  
,gov]nm5t ( ! ,p's ,republic ( ,*9a's   
cont9u$ ef=ts to codify in=mal practices
 into its dome/ic law2  7,b7 ! /rategy  
develop$ pursuant to subsection         
7b77#a77;,a72  7,c7 an int]ag5cy        
def9ition ( ! ,p's ,republic ( ,*9a's   
co]cive economic practices t captures-- 
7i7 ! use ( in=mal or extralegal co]cive
 economic practices2 &  7ii7 !          
illegitimate use ( =mal economic tools2 
7,d7 a compreh5sive review ( ! array (  
economic & diplomatic tools t ! ,unit$  
,/ates ,gov]nm5t employs or c\ld employ 
to respond to economic co]cion aga9/ !  
,unit$ ,/ates & ,unit$ ,/ates allies &  

p>tn]s2  7,e7 a li/ ( unilat]al or      
multilat]al-- 7i7 proactive measures to 
def5d or det] aga9/ ! ,p's ,republic (  
,*9a's co]cive economic practices2 &    
7ii7 actions tak5 9 response to !       
,gov]nm5t ( ! ,p's ,republic ( ,*9a's   
g5]al use ( co]cive economic practices2 
7,f7 an assessm5t ( areas 9 :i* ,unit$  
,/ates allies & p>tn]s are vuln]able to 
! ,p's ,republic ( ,*9a's co]cive       
economic practices2 &  7,g7 a           
description ( ! gaps 9 exi/+ res\rces or
 capabilities ( ,f$]al dep>tm5ts &      
ag5cies-- 7i7 to respond effectively to 
! ,p's ,republic ( ,*9a's co]cive       
economic practices direct$ at ,unit$    
,/ates entities2 &  7ii7 to assi/ ,unit$
 ,/ates allies & p>tn]s 9 _! responses  
to su* practices4  7#b7 ,int]im reports 
7,a7 ,fir/ int]im report ,n lat] ?an #a 
ye> aft] ! date on :i* ! report is      
submitt$ pursuant to p>agraph 7#a71 !   
,task ,=ce %all submit a report to !    
appropriate congressional committees t  
includes-- 7i7 updates to ! in=mation   

requir$ "u subp>agraphs 7,a7 ?r\gh 7,g7 
( p>agraph 7#a72 &  7ii7 a description (
 ! activities conduct$ by ! ,task ,=ce  
to implem5t ! /rategy requir$ "u        
subsection 7b77#a77;,a74  7,b7 ,second  
int]im report ,n lat] ?an #a ye> aft] ! 
date on :i* ! report is submitt$        
pursuant to subp>agraph 7,a71 ! ,task   
,=ce %all submit a report to !          
appropriate congressional committees t  
includes an update to ! elem5ts requir$ 
"u ! previ\sly submitt$ report4  7#c7   
,f9al report ,n lat] ?an #cj days aft] !
 date on :i* ! report requir$ "u        
p>agraph 7#b77;,b7 is submitt$ to !     
appropriate congressional committees1 ! 
,task ,=ce %all submit a f9al report to 
! appropriate congressional committees &
 make su* report available to ! public  
on ! website ( ! ,executive ,(fice ( !  
,presid5t4 ,! f9al report %all include--
 7,a7 an analysis ( ! ,gov]nm5t ( ! ,p's
 ,republic ( ,*9a's co]cive economic    
practices1 includ+ ! co/ ( su* practices
 to ,unit$ ,/ates bus9esses2  7,b7 a    

description ( areas ( p>ticul>          
vuln]ability = ,unit$ ,/ates bus9esses &
 ! bus9esses ( ,unit$ ,/ates p>tn]s &   
allies2  7,c7 recomm5dations on ! be/   
means = cont9u+ ! ef=t to c\nt] su*     
co]cive practices2 &  7,d7 a li/ ( !    
cases t h be5 made public pursuant to   
subsection 7e74  7#d7 ,=m  7,a7 ,initial
 & int]im reports ,! reports requir$ "u 
p>agraphs 7#a71 7#b77;,a71 & 7#b77;,b7  
%all be submitt$ 9 unclassifi$ =m1 b may
 include classifi$ annexes4  7,b7 ,f9al 
report ,! report requir$ "u p>agraph    
7#c7 %all be submitt$ 9 unclassifi$ =m1 
b may include a classifi$ annex4  7e7   
,publicly available li/  7#a7 ,9 g5]al  
,n lat] ?an #abj days aft] ! date ( !   
enactm5t ( ?is ,act1 & e #ahj days      
!reaft] until its t]m9ation pursuant to 
subsection 7f71 ! ,task ,=ce1 to ! ext5t
 practicable1 %all make available to !  
public on ! website ( ! ,executive      
,(fice ( ! ,presid5t a li/ ( in/ances   
dur+ ! mo/ rec5t #f-mon? p]iod t !      
,gov]nm5t ( ! ,p's ,republic ( ,*9a has 

direct$ co]cive economic practices aga9/
 a non-,*9ese entity4  7#b7 ,updates ,! 
li/ requir$ "u p>agraph 7#a7-- 7,a7 %all
 be updat$ e #ahj days2 &  7,b7 %all be 
manag$ by ! ,secret>y ( ,/ate aft] !    
,task ,=ce is t]m9at$ pursuant to       
subsection 7f74  7f7 ,sunset  7#a7 ,9   
g5]al ,! ,task ,=ce %all be t]m9at$ at !
 end ( ! #fj-;day p]iod beg9n+ on ! date
 on :i* ! f9al report requir$ "u        
subsection 7d77#c7 is submitt$ to !     
appropriate congressional committees &  
made publicly available4  7#b7          
,additional actions ,dur+ ! #fj-;day    
p]iod ref]r$ to 9 p>agraph 7#a71 ! ,task
 ,=ce may conclude its activities1      
includ+ provid+ te/imony to ,congress   
conc]n+ its f9al report4  #ajd4 ,/rategy
 to c\nt] ,*9ese economic co]cion on    
c\ntries & entities t support ,taiwan   
7a7 ,9 g5]al ,n lat] ?an #ij days aft] !
 date ( ! enactm5t ( ?is ,act1 & e #ahj 
days !reaft] = ! foll[+ #e ye>s1 !      
,secret>y ( ,/ate %all submit to        
,congress a description ( ! /rategy be+ 

us$ by ! ,dep>tm5t ( ,/ate to respond to
 ! ,gov]nm5t ( ! ,p's ,republic ( ,*9a's
 increas$ economic co]cion aga9/        
c\ntries :o h /r5g!n$ _! ties )1 or     
support =1 ,taiwan4  7b7 ,assi/ance =   
,li?uania ,! ,secret>y ( ,/ate %all     
provide assi/ance to ,li?uania to       
support its supply *a9 resili5ce ef=ts4 
,b ,inve/m5t security  #aaa4 ,provision 
( assi/ance to allies & p>tn]s ) respect
 to review+ =eign inve/m5t ,!           
,infra/ructure ,transaction & ,assi/ance
 ,network1 9 consultation ) ! ,committee
 on ,=eign ,inve/m5t 9 ! ,unit$ ,/ates &
 ! ,(fice ( ,te*nical ,assi/ance ( !    
,dep>tm5t ( ! ,treasury1 %all1 to       
protect ! national security ( ! ,unit$  
,/ates & c\ntries t are allies or p>tn]s
 ( ! ,unit$ ,/ates1 e/abli% a =mal      
process =-- 7#a7 ! ex*ange ( in=mation  
relat+ to =eign inve/m5t ) ! gov]nm5ts (
 su* c\ntries2 &  7#b7 ! provision (    
assi/ance to ^? c\ntries ) respect to-- 
7,a7 review+ =eign inve/m5t transactions
 9 su* c\ntries2  7,b7 det]m9+ !        

b5eficial own]%ip ( p>ties to su*       
transactions2 &  7,c7 id5tify+ tr5ds 9  
inve/m5t & te*nology t c\ld pose risks  
to ! national security ( ! ,unit$ ,/ates
 & su* c\ntries4  ,c ,anti-competition  
#aba4 ,improvem5t ( anti-c\nt]feit+     
measures  7a7 ,increas$ inspections     
7#a7 ,report on seizures ( c\nt]feit    
goods ,n lat] ?an "o ye> aft] ! date ( !
 enactm5t ( ?is ,act1 & annually        
!reaft]1 ! ,commission] ( ,u4,s4 ,cu/oms
 & ,bord] ,protection %all submit to !  
,committee on ,f9ance ( ! ,s5ate & !    
,committee on ,ways & ,means ( ! ,h\se (
 ,repres5tatives a report on seizures by
 ,u4,s4 ,cu/oms & ,bord] ,protection (  
c\nt]feit goods dur+ ! "o-ye> p]iod     
prec$+ submission ( ! report1 includ+ ! 
numb] ( su* seizures disaggregat$ by    
category ( good1 s\rce c\ntry1 & mode ( 
transport4  7#b7 ,increas$ inspections (
 goods f c]ta9 c\ntries ,! ,commission] 
%all increase inspections ( imports (   
goods f ea* s\rce c\ntry id5tifi$ 9 !   
report requir$ by subsection 7a7 z "o ( 

! top s\rce c\ntries ( c\nt]feit goods1 
z det]m9$ by ! ,commission]4  7b7       
,publication ( crit]ia = notori\s m>kets
 li/ ,n lat] ?an #b ye>s aft] ! date ( !
 enactm5t ( ?is ,act1 & n less frequ5tly
 ?an e #e ye>s !reaft]1 ! ,unit$ ,/ates 
,trade ,repres5tative %all publi% 9 !   
,f$]al ,regi/] crit]ia = det]m9+ t a    
m>ket is a notori\s m>ket = purposes (  
inclusion ( t m>ket 9 ! li/ develop$ by 
! ,trade ,repres5tative pursuant to     
section #ahb7;e7 ( ! ,trade ,act ( #aigd
 7#ai ,u4,s4,c4 #bbdb7;e77 7commonly    
kn[n z ! ,notori\s ,m>kets ,li/74  #abb4
 ,intellectual prop]ty violators li/    
7a7 ,9 g5]al ,n lat] ?an "o ye> aft] !  
date ( ! enactm5t ( ?is ,act1 & n less  
frequ5tly ?an annually !reaft] = #e     
ye>s1 ! ,secret>y ( ,/ate1 9 coord9ation
 ) ! ,secret>y ( ,comm]ce1 ! ,attorney  
,g5]al1 ! ,unit$ ,/ates ,trade          
,repres5tative1 & ! ,director (         
,national ,intellig5ce1 %all create a   
li/ 7ref]r$ to 9 ?is section z !        
intellectual prop]ty violators li/7 t   

id5tifies-- 7#a7 all c5trally adm9i/]$  
/ate-own$ ent]prises incorporat$ 9 !    
,p's ,republic ( ,*9a t h b5efitt$ f--  
7,a7 a significant act or s]ies ( acts (
 intellectual prop]ty !ft t subject$ an 
economic sector ( ! ,unit$ ,/ates or a  
company incorporat$ 9 ! ,unit$ ,/ates to
 h>m2 or  7,b7 an act or gov]nm5t policy
 ( involunt>y or co]c$ te*nology transf]
 ( intellectual prop]ty ultimately own$ 
by a company incorporat$ 9 ! ,unit$     
,/ates2 &  7#b7 any corporate (fic] (1  
or pr9cipal %>ehold] ) controll+ int]e/s
 91 an entity describ$ 9 p>agraph 7#a74 
7b7 ,rules = id5tification ,to det]m9e  
:e!r !re is a cr$ible basis = det]m9+ t 
an entity %\ld be includ$ on !          
intellectual prop]ty violators li/1 !   
,secret>y ( ,/ate1 9 coord9ation ) !    
,secret>y ( ,comm]ce1 ! ,unit$ ,/ates   
,trade ,repres5tative1 & ! ,director (  
,national ,intellig5ce1 %all consid]--  
7#a7 any f9d+ by a c\rt 9 ! ,unit$      
,/ates t ! entity has violat$ relevant  
,unit$ ,/ates laws int5d$ to protect    

intellectual prop]ty rights2 or  7#b7   
sub/antial & cr$ible in=mation receiv$ f
 any entity describ$ 9 subsection 7c7 or
 o!r int]e/$ p]sons4  7c7 ,consultation 
,9 c>ry+ out ?is section1 ! ,secret>y ( 
,/ate1 9 coord9ation ) ! ,secret>y (    
,comm]ce1 ! ,unit$ ,/ates ,trade        
,repres5tative1 & ! ,director (         
,national ,intellig5ce1 may consult1 z  
necess>y & appropriate1 )-- 7#a7 o!r    
,f$]al ag5cies1 includ+ indep5d5t       
ag5cies2  7#b7 entities 9 ! private     
sector2  7#c7 civil society             
organizations ) relevant exp]tise2 &    
7#d7 ! ,gov]nm5ts ( ,au/ralia1 ,canada1 
c\ntries 9 ! ,european ,union1 ,japan1  
,new ,zeal&1 ,s\? ,korea1 & ! ,unit$    
,k+dom4  7d7 ,report  7#a7 ,9 g5]al ,n  
lat] ?an "o ye> aft] ! date ( ! enactm5t
 ( ?is ,act1 & annually !reaft] = #e    
ye>s1 ! ,secret>y ( ,/ate %all publi% 9 
! ,f$]al ,regi/] a report t-- 7,a7 li/s 
! entities describ$ 9 subsection        
7a77#a72  7,b7 describes ! circum/ances 
surr\nd+ acts or policies describ$ 9    

subsection 7a77#a77;,b71 includ+ any    
role ( ! ,gov]nm5t ( ! ,p's ,republic ( 
,*9a2  7,c7 assesses1 to ! ext5t        
practicable1 ! economic advantage d]iv$ 
by entities describ$ 9 subsection       
7a77#a72 &  7,d7 assesses :e!r ea*      
entity describ$ 9 subsection 7a77#a7 is 
us+ or has us$ /ol5 intellectual prop]ty
 9 comm]cial activity 9 ,au/ralia1      
,canada1 ! ,european ,union1 ,japan1    
,new ,zeal&1 ,s\? ,korea1 ! ,unit$      
,k+dom1 or ! ,unit$ ,/ates4  7#b7 ,=m ,!
 report publi%$ "u p>agraph 7#a7 %all be
 unclassifi$1 b may include a classifi$ 
annex4  7#c7 ,declassification & release
 ,! ,director ( ,national ,intellig5ce  
may au?orize ! declassification (       
in=mation1 z appropriate1 to in=m !     
cont5ts ( ! report publi%$ "u p>agraph  
7#a74  7e7 ,requirem5t ,to protect      
confid5tial bus9ess in=mation  7#a7 ,9  
g5]al ,! ,secret>y ( ,/ate & ! head (   
any o!r ,f$]al ag5cy involv$ 9 !        
production ( ! intellectual prop]ty     
violators li/ %all protect f disclosure 

any propriet>y in=mation submitt$ by a  
private sector p>ty & m>k$ z confid5tial
 bus9ess in=mation1 unless ! p>ty       
submitt+ ! in=mation-- 7,a7 _h notice1  
at ! "t ( submission1 t su* in=mation   
w\ld be disclos$ by ! ,secret>y2 or     
7,b7 subsequ5tly cons5ts to ! disclosure
 ( su* in=mation4  7#b7 ,nonconfid5tial 
v]sion ( report ,if confid5tial bus9ess 
in=mation is provid$ by a private sector
 p>ty 9 connection ) ! production ( !   
intellectual prop]ty violators li/1 !   
,secret>y ( ,/ate %all publi% a         
nonconfid5tial v]sion ( ! report "u     
subsection 7d7 9 ! ,f$]al ,regi/] t     
summ>izes or deletes1 if necess>y1 !    
confid5tial bus9ess in=mation4  7#c7    
,treatm5t z trade secrets ,propriet>y   
in=mation submitt$ by a private sector  
p>ty "u ?is section-- 7,a7 %all be      
consid]$ to be trade secrets & comm]cial
 or f9ancial in=mation exempt "u        
subsection 7b77#d7 ( section #eeb (     
title #e1 ,unit$ ,/ates ,code1 f be+    
made available to ! public "u subsection

 7a7 ( t section2 &  7,b7 %all be exempt
 f disclosure )\t ! express approval ( !
 p>ty4  #abc4 ,report on subsidies      
provid$ by ,gov]nm5t ( ,p's ,republic ( 
,*9a  7a7 ,report ,n lat] ?an "o ye>    
aft] ! date ( ! enactm5t ( ?is ,act1 &  
annually !reaft] = #e ye>s1 ! ,secret>y 
( ,/ate1 9 coord9ation ) ! ,unit$ ,/ates
 ,trade ,repres5tative & ! ,secret>y (  
,comm]ce1 %all submit to ! appropriate  
congressional committees a report t     
id5tifies-- 7#a7 subsidies provid$ by ! 
c5tral gov]nm5t ( ! ,p's ,republic (    
,*9a to ent]prises 9 ! ,p's ,republic ( 
,*9a2 &  7#b7 discrim9atory treatm5t    
favor+ ent]prises 9 ! ,p's ,republic (  
,*9a ov] =eign m>ket p>ticipants4  7b7  
,elem5ts ( report ,9 compil+ ea* report 
"u subsection 7a71 ! ,secret>y ( ,/ate  
%all consid]-- 7#a7 regulatory & o!r    
policies enact$ or promot$ by ! c5tral  
gov]nm5t ( ! ,p's ,republic ( ,*9a t--  
7,a7 discrim9ate 9 favor ( ent]prises 9 
! ,p's ,republic ( ,*9a at ! exp5se (   
=eign m>ket p>ticipants2  7,b7 %ield    

c5trally adm9i/]$1 /ate-own$ ent]prises 
f competition2 or  7,c7 o!rwise suppress
 m>ket-bas$ competition2  7#b7 f9ancial 
subsidies1 includ+ favorable l5d+ t]ms1 
f or promot$ by ! c5tral gov]nm5t ( !   
,p's ,republic ( ,*9a or c5trally       
adm9i/]$1 /ate-own$ ent]prises 9 ! ,p's 
,republic ( ,*9a t mat]ially b5efit     
ent]prises 9 ! ,p's ,republic ( ,*9a ov]
 =eign m>ket p>ticipants 9 contrav5tion 
( g5]ally accept$ m>ket pr9ciples2 &    
7#c7 any subsidy t meets ! def9ition (  
subsidy "u article #a ( ! ,agreem5t on  
,subsidies & ,c\nt]vail+ ,measures      
ref]r$ to 9 section #aja7;d77#ab7 ( !   
,uruguay ,r\nd ,agreem5ts ,act 7#ai     
,u4,s4,c4 #ceaa7;d77#ab774  7c7 ,=m (   
report ,ea* report requir$ by subsection
 7a7 may be submitt$ 9 classifi$ =m4    
7d7 ,consultation ,9 c>ry+ out ?is      
section1 ! ,secret>y ( ,/ate1 9         
coord9ation ) ! ,secret>y ( ,comm]ce & !
 ,unit$ ,/ates ,trade ,repres5tative1   
may1 z necess>y & appropriate1 consult  
)-- 7#a7 o!r ,f$]al ag5cies1 includ+    

indep5d5t ag5cies2  7#b7 ! private      
sector2 &  7#c7 civil society           
organizations ) relevant exp]tise4  7e7 
,appropriate congressional committees   
def9$ ,9 ?is section1 ! t]m appropriate 
congressional committees means-- 7#a7 ! 
,committee on ,=eign ,relations & !     
,committee on ,f9ance ( ! ,s5ate2 &     
7#b7 ! ,committee on ,=eign ,affairs & !
 ,committee on ,ways & ,means ( ! ,h\se 
( ,repres5tatives4  ,d ,supply *a9s     
#aca4 ,def9itions ,9 ?is subtitle3 7#a7 
,cov]$ item ,! t]m cov]$ item includes  
semiconductor manufactur+ equipm5t1     
includ+ extreme ultraviolet             
photoli?ography equipm5t & argon        
fluoride imm]sion photoli?ography       
equipm5t4  7#b7 ,critical m9]al ,! t]m  
critical m9]al has ! mean+ giv5 ! t]m 9 
section #gjjb7;a7 ( ! ,en]gy ,act (     
#bjbj 7#cj ,u4,s4,c4 #afjf7;a774  7#c7  
,export2 9-c\ntry transf]2 reexport ,!  
t]ms export1 9-c\ntry transf]1 &        
reexport h ! mean+s giv5 ^? t]ms 9      
section #agdb ( ! ,export ,control ,re=m

 ,act ( #bjah 7#ej ,u4,s4,c4 #dhja74    
#acb4 ,dep>tm5t ( ,/ate diplomatic      
/rategy on semiconductor manufactur+    
equipm5t export controls  7a7 ,requir$  
/rategy ,n lat] ?an #ahj days aft] !    
date ( ! enactm5t ( ?is ,act1 !         
,secret>y ( ,/ate1 9 consultation ) !   
,secret>y ( ,comm]ce1 ! heads ( o!r     
relevant ,f$]al ag5cies1 & private      
sector entities1 %all develop a /rategy 
to diplomatically engage ! gov]nm5ts ( !
 ,ne!rl&s1 ,japan1 & o!r appropriate    
c\ntries = ! purposes ( coord9at+1      
develop+1 & in/itut+ controls on !      
export ( cov]$ items to ! ,p's ,republic
 ( ,*9a4  7b7 ,aspects ( ! /rategy ,!   
diplomatic /rategy requir$ by subsection
 7a7 %all include-- 7#a7 a review (     
,unit$ ,/ates te*nological assets &     
capabilities 9 semiconductor manufactur+
 equipm5t1 includ+ photoli?ography2     
7#b7 an assessm5t ( h[ export controls  
on semiconductor manufactur+ equipm5t c 
be integrat$ into a broad] ,unit$ ,/ates
 te*nology /rategy t includes support   

=-- 7,a7 rese>* & developm5t2  7,b7     
inve/m5t scre5+2  7,c7 tal5t recruitm5t 
& ret5tion2  7,d7 /&>d sett+2  7,e7     
int]national p>tn]%ips2 &  7,f7 supply  
*a9 security2  7#c7 a plan ( action to  
guide relevant ,unit$ ,/ates engagem5t )
 ! ,ne!rl&s1 ,japan1 & o!r appropriate  
c\ntries1 includ+ conduct+ bilat]al &   
multilat]al engagem5ts to =mulate export
 controls on semiconductor manufactur+  
equipm5t2  7#d7 a plan ( action to guide
 ,unit$ ,/ates engagem5t ) =eign        
entities t develop1 con/ruct1 & export  
semiconductor manufactur+ equipm5t2     
7#e7 a review ( ! pot5tial diplomatic1  
economic1 & security effects ( implem5t+
 export controls on semiconductor       
manufactur+ equipm5t2  7#f7 an analysis 
( ! impact ( export controls on         
semiconductor manufactur+ equipm5t on ! 
semiconductor manufactur+ indu/ry &     
artificial intellig5ce *ipmak+          
capabilities ( ! ,p's ,republic ( ,*9a2 
7#g7 a review ( ! pot5tial economic     
impacts on ,unit$ ,/ates entities if    

export controls on semiconductor        
manufactur+ equipm5t are implem5t$2 &   
7#h7 specific1 measurable metrics (     
success = ,unit$ ,/ates diplomatic      
activities relat$ to semiconductor      
manufactur+ equipm5t4  7c7 ,objectives (
 ! /rategy ,! objectives ( ! diplomatic 
/rategy requir$ by subsection 7a7 are-- 
7#a7 to =mulate a political arrangem5t  
among ! ,unit$ ,/ates1 ,japan1 !        
,ne!rl&s1 & o!r appropriate c\ntries = !
 control ( exports ( cov]$ items to !   
,p's ,republic ( ,*9a2  7#b7 to ma9ta9  
,unit$ ,/ates & alli$ te*nological      
advantages 9 semiconductor manufactur+  
equipm5t2  7#c7 to protect ! int]e/s (  
,unit$ ,/ates & alli$ companies op]at+ 9
 ! field ( semiconductor manufactur+ &  
semiconductor manufactur+ equipm5t2 &   
7#d7 to ensure ! ,unit$ ,/ates cont9ues 
to engage ) allies on ef=ts involv+ !   
developm5t & protection ( a free1       
equitable1 op51 secure1 & /able digital 
doma94  7d7 ,=m ,! /rategy requir$ by   
subsection 7a7 %all be submitt$ to !    

appropriate congressional committees 9  
unclassifi$ =m1 b may include a         
classifi$ annex4  7e7 ,appropriate      
congressional committees def9$ ,9 ?is   
section1 ! t]m appropriate congressional
 committees means-- 7#a7 ! ,committee on
 ,=eign ,relations & ! ,committee on    
,comm]ce1 ,sci5ce1 & ,transportation2 & 
7#b7 ! ,committee on ,=eign ,affairs & !
 ,committee on ,en]gy & ,comm]ce4  #acc4
 ,prohibition on comm]cial export (     
semiconductor manufactur+ equipm5t to   
,p's ,republic ( ,*9a  7a7 ,9 g5]al     
,foll[+ ! completion ( ! /rategy requir$
 by section #acb1 ! ,presid5t %all      
prohibit ! export1 reexport1 & 9-c\ntry 
transf] ( cov]$ items to ! ,p's         
,republic ( ,*9a4  7b7 ,additional      
controls ,! ,presid5t may prescribe su* 
additional regulations & export controls
 z are necess>y to c>ry out ! /rategy   
requir$ by section #acb4  7c7 ,waiv]s ,!
 ,presid5t may waive ! application (    
controls "u subsection 7a7 or 7b7 )     
respect to a cov]$ item if ! ,presid5t  

c]tifies to ! appropriate congressional 
committees t ! export1 reexport1 or     
9-c\ntry transf] ( ! cov]$ item is 9 !  
national security int]e/s ( ! ,unit$    
,/ates4  7d7 ,appropriate congressional 
committees def9$ ,9 ?is section1 ! t]m  
appropriate congressional committees    
means-- 7#a7 ! ,committee on ,=eign     
,relations1 ! ,committee on ,comm]ce1   
,sci5ce1 & ,transportation1 & !         
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs ( ! ,s5ate2 &  7#b7 !          
,committee on ,=eign ,affairs1 !        
,committee on ,en]gy & ,comm]ce1 & !    
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives4  #acd4 ,annual 
semiconductor indu/ry monitor+ report on
 ! ,p's ,republic ( ,*9a  7a7 ,report   
requir$ ,n lat] ?an ,may #a1 #bjbc1 &   
annually !reaft]1 ! ,secret>y ( ,/ate & 
! ,secret>y ( ,comm]ce1 9 concurr5ce ) !
 ,secret>y ( ! ,treasury & ! ,director (
 ! ,c5tral ,intellig5ce ,ag5cy1 %all    
submit to ! appropriate congressional   
committees a report on ! semiconductor  

manufactur+ capabilities ( ! ,p's       
,republic ( ,*9a4  7b7 ,cont5ts ,!      
report requir$ by subsection 7a7 %all   
include-- 7#a7 a detail$ assessm5t ( !  
dome/ic semiconductor manufactur+       
capabilities ( ! ,p's ,republic ( ,*9a2 
7#b7 a detail$ assessm5t ( ye>-by-ye>   
te*nological developm5t ef=ts by ! ,p's 
,republic ( ,*9a 9 ! fields (           
semiconductor manufactur+ & artificial  
intellig5ce *ipmak+1 includ+ relevant   
gov]nm5t plans & initiatives2  7#c7 a   
detail$ assessm5t ( engagem5t betwe5 !  
,p's ,republic ( ,*9a & o!r =eign       
c\ntries ) respect to semiconductor     
manufactur+ equipm5t capabilities2  7#d7
 an analysis ( ! impact ( ,unit$ ,/ates 
& alli$ export controls on cov]$ items  
on developm5t ( semiconductor           
manufactur+ 9 ! ,p's ,republic ( ,*9a2 &
  7#e7 an assessm5t ( :e!r su* export   
controls rema9 effective 9 curb+ !      
developm5t ( semiconductor manufactur+  
equipm5t capabilities 9 ! ,p's ,republic
 ( ,*9a4  7c7 ,=m  7#a7 ,9 g5]al ,!     

report requir$ by subsection 7a7 %all be
 submitt$ 9 unclassifi$ =m1 b may       
include a classifi$ annex4  7#b7 ,public
 availability ,! unclassifi$ portion ( !
 report requir$ by subsection 7a7 %all  
be made available on a publicly         
accessible int]net website ( ! ,f$]al   
,gov]nm5t4  7d7 ,appropriate            
congressional committees def9$ ,9 ?is   
section1 ! t]m appropriate congressional
 committees means-- 7#a7 ! ,committee on
 ,=eign ,relations1 ! ,committee on     
,comm]ce1 ,sci5ce1 & ,transportation1 ! 
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs1 & ! ,select ,committee on     
,intellig5ce ( ! ,s5ate2 &  7#b7 !      
,committee on ,=eign ,affairs1 !        
,committee on ,en]gy & ,comm]ce1 !      
,committee on ,f9ancial ,s]vices1 & !   
,p]man5t ,select ,committee on          
,intellig5ce ( ! ,h\se (                
,repres5tatives4  #ace4 ,supply *a9     
coord9ation  7a7 ,n lat] ?an #ahj days  
aft] ! date ( ! enactm5t ( ?is ,act1 !  
,secret>y ( ,/ate1 9 consultation ) !   

,secret>y ( ,comm]ce1 %all submit to !  
appropriate congressional committees a  
report on h[ ! ,unit$ ,/ates is         
coord9at+ ) its p>tn]s & allies-- 7#a7  
to secure global supply *a9s1 includ+   
supply *a9s =-- 7,a7 semiconductor      
manufactur+ & advanc$ packag+2  7,b7    
l>ge capacity batt]ies1 includ+ batt]ies
 = electric vehicles2  7,c7 critical    
m9]als2 &  7,d7 ph>maceuticals & active 
ph>maceutical +r$i5ts2  7#b7 to develop 
common /&>ds = transp>5t1 tru/$1 &      
su/a9able supply *a9s2 &  7#c7 to end   
reliance on ! ,p's ,republic ( ,*9a =   
su* supply *a9s4  7b7 ,appropriate      
congressional committees def9$ ,9 ?is   
section1 ! t]m appropriate congressional
 committees means-- 7#a7 ! ,committee on
 ,=eign ,relations1 ! ,committee on     
,comm]ce1 ,sci5ce1 & ,transportation1 ! 
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs1 & ! ,select ,committee on     
,intellig5ce ( ! ,s5ate2 &  7#b7 !      
,committee on ,=eign ,affairs1 !        
,committee on ,en]gy & ,comm]ce1 !      

,committee on ,f9ancial ,s]vices1 & !   
,p]man5t ,select ,committee on          
,intellig5ce ( ! ,h\se (                
,repres5tatives4  #acf4 ,/atem5t (      
policy on int]national coop]ation to    
secure critical m9]al supply *a9s ,x is 
! policy ( ! ,unit$ ,/ates to p>tn]1    
consult1 & coord9ate ) =eign gov]nm5ts  
7at ! national & subnational levels71   
civil society1 int]national             
organizations1 int]national f9ancial    
in/itutions1 subnational communities1   
comm]cial & recreational m9+ indu/ry    
lead]s1 & ! private sector1 9 a conc]t$ 
ef=t-- 7#a7 to increase k & raise       
aw>5ess ( ! l9ks betwe5 m9+ & ref9+ (   
critical m9]als1 national security1     
climate *ange1 & clean en]gy developm5t2
  7#b7 to improve1 9 c\ntries 9 :i* su* 
m9+ & ref9+ is conduct$1 res\rce        
mobilization & process+1 transport1 &   
m9]al ref9+ capacity2  7#c7 to develop  
o!r /rategies to maximize economic      
b5efits f critical m9]al res\rce        
developm5t = ! c\ntries & communities 9 

:i* su* developm5t takes place2  7#d7 to
 promote transp>5cy & combat-- 7,a7     
human rights abuses1 exploitive labor   
practices1 & corruption )9 ! critical   
m9]al extraction indu/ry2 &  7,b7 !     
influ5ce ! indu/ry has on poor          
gov]nance1 democratic backslid+1 &      
decl9es 9 ! rule ( law2  7#e7 to        
support-- 7,a7 /r5g!n+ sy/ems & bilat]al
 & multilat]al p>tn]%ips = r$uc+ !      
monopolization ( critical m9]als & !    
exploitation ( work]s 9 ! critical m9]al
 extraction indu/ry & r$uc+ corruption z
 a means-- 7i7 to ensure ! availability 
( critical m9]als at competitive        
m>ket-rate co/s2  7ii7 to uphold        
adequate labor /&>ds to ensure critical 
m9]als are n produc$ at ! exp5se ( !    
lives & livelihoods ( work]s 9 !        
critical m9]al extraction indu/ry2 &    
7iii7 to ma9ta9 ! integrity (           
in/itutions gov]n+ ! extraction &       
ref9em5t ( critical m9]als2  7,b7       
deploym5t ( & access to advanc$         
te*nologies to recycle critical m9]als  

to ext5d use & application beyond a s+le
 use2 &  7,c7 implem5tation ( managem5t 
measures to track & report in/ances (   
corruption & exploitation 9 ! critical  
m9]al extraction indu/ry2 &  7#f7 to "w 
coop]atively ) int]national p>tn]s--    
7,a7 to ensure t ! ,extractive          
,indu/ries ,transp>5cy ,initiative has  
full unimp$$ & un9flu5c$ access to      
global critical m9]al indu/rial         
op]ations2  7,b7 to e/abli%-- 7i7 an    
alliance to c\nt] any /ate or private   
monopolization on ! control1 supply     
*a9s1 or indu/rial process+ & extraction
 ( critical m9]al res\rces2  7ii7       
measurable t>gets = r$uc+ corruption &  
exploitation ( work]s 9 ! critical m9]al
 extraction indu/ry2 &  7iii7 action    
plans to a*ieve su* t>gets & a me*anism 
to provide regul> report+2  7,c7 to     
promote consum] education1 aw>5ess1 &   
outrea* on exploitation ( work]s 9 !    
critical m9]al extraction indu/ry2 &    
7,d7 to %>e be/ practices 9 mat]ials    
managem5t & indu/rial sy/ems op]ations  

to maximize ! b5efit ( critical m9]al   
res\rces4  #acg4 ,prioritization ( ef=ts
 & assi/ance to secure critical m9]al   
supply *a9s  7a7 ,9 g5]al ,! ,secret>y (
 ,/ate %all1 9 coord9ation ) ! heads (  
o!r relevant ,f$]al ag5cies-- 7#a7 lead 
& coord9ate ef=ts to implem5t ! policy  
describ$ 9 section #acf2 &  7#b7 develop
 /rategies & implem5t programs t        
prioritize engagem5t & coop]ation )     
=eign gov]nm5ts1 subnational1 national1 
& local /akehold]s & ! private sector to
 exp$ite ef=ts & assi/ance 9 =eign      
c\ntries-- 7,a7 to p>tn] )1 enc\rage1 & 
advise national & subnational gov]nm5ts 
on ! developm5t & execution1 :]e        
practicable1 ( projects1 programs1 &    
initiatives-- 7i7 to improve ! capacity1
 security1 & /&>ds ( op]ations (        
critical m9]als supply *a9s2  7ii7 to   
monitor & track h[ well critical m9]als 
supply *a9s are function+               
int]nationally1 bas$ on uni=m &         
transp>5t /&>ds develop$ 9 coop]ation ) 
municipal1 indu/rial1 & civil society   

/akehold]s2 &  7iii7 to conduct outrea* 
campaigns to raise public aw>5ess ( !   
importance ( prop] managem5t & ov]sight 
( critical m9]al supply *a9s2  7,b7 to  
p>tn] ) & provide te*nical assi/ance to 
inve/ors & national & int]national      
in/itutions1 includ+ private sector     
actors1 to develop new bus9ess          
opportunities & solutions to uphold !   
highe/ /&>ds 9 critical m9]al supply    
*a9s & implem5t be/ practices 9 =eign   
c\ntries by-- 7i7 improv+ & exp&+ !     
capacity ( =eign indu/ries to           
responsibly employ extractive indu/ry   
managem5t practices2  7ii7 improv+ &    
exp&+ ! capacity & transp>5cy ( track+  
me*anisms = critical m9]als to r$uce    
exploitation & corruption2  7iii7       
elim9at+ inc5tives t und]m9e responsible
 supply *a9 managem5t2 &  7iv7 build+ ! 
capacity ( c\ntries-- 7,i7 to r$uce1    
monitor1 regulate1 & manage !           
extraction1 ref9em5t1 & transport (     
critical m9]als appropriately &         
transp>5tly2 &  7,,ii7 to enc\rage      

private inve/m5t 9 critical m9]al       
extraction & ref9em5t4  7b7             
,prioritization ,9 c>ry+ out subsection 
7a71 ! ,secret>y ( ,/ate1 9 coord9ation 
) ! heads ( o!r relevant ,f$]al ag5cies1
 %all prioritize assi/ance to c\ntries &
 regional organizations 9 regions )--   
7#a7 rapidly develop+ economies2 &  7#b7
 pa/ in/ances ( human rights abuses1    
exploitation1 & corruption4  7c7        
,effectiv5ess measurem5t ,9 prioritiz+ &
 exp$it+ ef=ts & assi/ance "u ?is       
section1 ! ,secret>y ( ,/ate1 9         
consultation ) ! heads ( o!r relevant   
,f$]al ag5cies1 %all use cle>1          
acc\ntable1 & metric-bas$ t>gets to     
measure ! effectiv5ess ( assi/ance 9    
a*iev+ ! policy describ$ 9 section #acf4
  #ach4 ,lev]ag+ int]national support ,9
 implem5t+ ! policy describ$ 9 section  
#acf1 ! ,presid5t %all direct !         
,secret>y ( ,/ate & ! heads ( o!r       
relevant ,f$]al ag5cies1 to use ! voice1
 vote1 & influ5ce ( ! ,unit$ ,/ates1    
consi/5t ) ! broad developm5t goals ( ! 

,unit$ ,/ates-- 7#a7 to "w ) c\ntries & 
! private sector to break up !          
monopolization ( critical m9]al         
indu/ries2  7#b7 to commit to promot+   
transp>5t private sector developm5t 9 ! 
critical m9]als sector2  7#c7 to enhance
 coord9ation ) ! private sector to      
increase access to critical m9]als2     
7#d7 to provide te*nical assi/ance to ! 
regulatory au?orities ( c\ntries t are  
memb]s ( ! body to remove unnecess>y    
b>ri]s to inve/m5t2 &  7#e7 to utilize  
cle>1 acc\ntable1 & metric-bas$ t>gets  
to measure ! effectiv5ess ( su* actions4
  ,,ii ,compete  ,a ,infra/ructure      
#bja4 ,s5se ( ,congress on ! ,build     
,back ,bett] ,_w initiative ,x is ! s5se
 ( ,congress t-- 7#a7 ! ,unit$ ,/ates   
%\ld ex]cise lead]%ip 9 ! ,build ,back  
,bett] ,_w initiative ( ! ,gr\p ( ,sev5 
7,g#g7 to mobilize public & private     
sector capital & exp]tise t[>d meet+ !  
infra/ructure ne$s ( l[- & middle-income
 c\ntries1 e/imat$ to exce$             
#dj1jjj1jjj1jjj1jjj1 ov] ! next two     

decades2  7#b7 ! initiative %\ld also   
advance /rategic objectives1 includ+--  
7,a7 /r5g!n+ p>tn]%ips ) em]g+ m>ket &  
develop+ c\ntries to promote quality1   
transp>5t infra/ructure inve/m5t t also 
supports good gov]nance & ! rule ( law2 
7,b7 combat+ climate *ange ?r\gh        
su/a9able infra/ructure projects t aid  
p>tn] c\ntries 9 ! transition to net z]o
 emissions1 r$uce _! vuln]abilities to  
climate *ange1 & improve _! resili5ce2  
7,c7 promot+ public heal? & heal?       
security ?r\gh infra/ructure projects t 
increase ! availability1 accessibility1 
& af=dability ( heal? c>e 9 p>tn]       
c\ntries2  7,d7 increas+ int]nal &      
ext]nal connections 9 digital1          
transportation1 & en]gy infra/ructure 9 
p>tn] c\ntries2  7,e7 improv+ education1
 economic opportunities1 & /&>ds ( liv+ 
9 m>g9aliz$ communities 9 p>tn]         
c\ntries1 includ+ = wom5 & girls1 racial
 & e?nic m9orities1 individuals )       
disabilities1 individuals :o are        
lesbian1 gay1 bisexual1 transg5d]1 or   

que] 7commonly ref]r$ to z ,,lgbtq71 &  
individuals ) l[ incomes2 &  7,f7       
provid+ p>tn]s a pr9cipl$1 su/a9able    
alt]native to exploitative1 co]cive1 &  
h>mful infra/ructure inve/m5ts2 &  7#c7 
! ,unit$ ,/ates %\ld e/abli% a ,build   
,back ,bett] ,_w ,task ,=ce-- 7,a7 to   
coord9ate its developm5t f9ance ag5cies1
 su* z ! ,unit$ ,/ates ,int]national    
,developm5t ,f9ance ,corporation1       
,export-,import ,bank ( ! ,unit$ ,/ates1
 ! ,trade & ,developm5t ,ag5cy1 !       
,mill5nium ,*all5ge ,corporation1 & !   
,unit$ ,/ates ,ag5cy = ,int]national    
,developm5t2  7,b7 to engage            
int]national p>tn]s su* z ! ,g#g1       
multilat]al developm5t banks1           
int]national f9ancial in/itutions1      
mult9ational corporations & banks1      
non-gov]nm5tal organizations1 & o!r     
indu/rial-c\ntry p>tn]s2  7,c7 to       
lev]age o!r developm5t f9ance           
in/itutions1 su* z ! ,blue ,dot         
,network1 ! ,infra/ructure ,transaction 
& ,assi/ance ,network1 & ! ,transaction 

,advisory ,fund2 &  7,d7 to produce     
/rategic guidance t id5tifies           
int]national infra/ructure projects &   
details implem5tation plans1 includ+--  
7i7 an explanation ( h[ ea*             
infra/ructure project advances !        
/rategic objectives describ$ 9 p>agraph 
7#b72  7ii7 a description (             
consultations1 crit]ia1 & ju/ification =
 su* projects2  7iii7 di/ribution ( su* 
projects across economic sectors &      
geographical regions2  7iv7 budget      
e/imates1 propos$ s\rces ( f9anc+1 &    
requir$ appropriations = su* projects2  
7v7 li/s ( timel9es & contractual p>ties
 & _! respective rights &               
responsibilities ) respect to su*       
projects2 &  7vi7 c]tification t su*    
projects-- 7,i7 meet specifi$ /&>ds1 su*
 z ^? ( ! ,blue ,dot ,network2 &  7,,ii7
 w n h negative impacts on ! environm5t1
 local communities1 national sov]eignty1
 or economic gr[?4  #bjb4 ,(fice (      
,/rategic ,inve/m5ts 9 ,unit$ ,/ates    
,int]national ,developm5t ,f9ance       

,corporation ,! ,,build ,act ( #bjah    
7#bb ,u4,s4,c4 #ifja et seq47 is am5d$--
 7#a7 9 section #adac 7#bb ,u4,s4,c4    
#ifac7-- 7,a7 9 subsection 7a71 by      
ins]t+ a ,/rategic ,inve/m5ts ,(fic]1   
aft] ,developm5t ,(fic]12  7,b7 9       
subsection 7g77#b77;,f71 by /rik+       
subsection 7i7 & ins]t+ subsection 7j72 
7,c7 by r$esignat+ subsections 7h7 & 7i7
 z subsections 7i7 & 7j71 respectively2 
7,d7 by ins]t+ aft] subsection 7g7 !    
foll[+ new subsection3  7h7 ,/rategic   
,inve/m5ts ,(fic]  7#a7 ,appo9tm5t      
,subject to ! approval ( ! ,bo>d1 !     
,*ief ,executive ,(fic] %all appo9t a   
,/rategic ,inve/m5ts ,(fic] f among     
individuals ) exp]i5ce 9 int]national   
economic policy1 :o-- 7,a7 %all report  
directly to ! ,bo>d2 &  7,b7 %all be    
removable only by a majority vote ( !   
,bo>d4  7#b7 ,duties ,! ,/rategic       
,inve/m5ts ,(fic] %all-- 7,a7 coord9ate 
ef=ts to develop ! ,corporation's       
initiatives-- 7i7 to c\nt] pr$atory     
/ate-direct$ inve/m5t & co]cive economic

 practices ( adv]s>ies ( ! ,unit$       
,/ates2 &  7ii7 to pres]ve ! sov]eignty 
( p>tn] c\ntries2  7,b7 coord9ate !     
,corporation's /rategic inve/m5t        
policies & implem5tation ef=ts ) !      
,dep>tm5t ( ,/ate1 ! ,export-,import    
,bank ( ! ,unit$ ,/ates1 ! ,trade &     
,developm5t ,ag5cy1 & o!r relevant      
,unit$ ,/ates ,gov]nm5t dep>tm5ts &     
ag5cies1 includ+ by directly liais+ )   
missions ( ! ,dep>tm5t ( ,/ate to ensure
 t dep>tm5ts1 ag5cies1 & missions h     
tra9+1 aw>5ess1 & access to !           
,corporation's tools ) respect to       
/rategic inve/m5t policy & projects2    
7,c7 manage ! responsibilities ( !      
,corporation "u section #addb7;b77#e7 & 
p>agraphs 7#a77;,c7 & 7#c77;,c7 (       
section #addc7;b72  7,d7 support ! ,*ief
 ,developm5t ,(fic] 9 coord9at+ &       
implem5t+ ! activities ( ! ,corporation 
"u section #adde2 &  7,e7 be an ex      
(ficio memb] ( ! ,developm5t ,advisory  
,c\ncil e/abli%$ "u subsection 7j71 &   
att5d ea* meet+ ( ! ,c\ncil4  2  7,e7 9 

subsection 7i77#c77;,c71 z s r$esignat$1
 by /rik+ subsection 7i7 & ins]t+       
subsection 7j72 &  7,f7 by add+ at ! end
 ! foll[+ new subsection3  7k7 ,/rategic
 ,inve/m5ts ,advisory ,c\ncil  7#a7 ,9  
g5]al ,!re is e/abli%$ a ,/rategic      
,inve/m5ts ,advisory ,c\ncil 79 ?is     
subsection ref]r$ to z ! ,c\ncil7 to    
advise ! ,bo>d on /rategic inve/m5t     
objectives ( ! ,corporation4  7#b7      
,memb]%ip ,memb]s ( ! ,c\ncil %all be   
appo9t$ by ! ,bo>d1 on ! recomm5dation (
 ! ,*ief ,executive ,(fic] & ! ,/rategic
 ,inve/m5t ,(fic]1 & %all be compos$ ( n
 m ?an #i memb]s f ! ,dep>tm5t ( ,/ate1 
! ,dep>tm5t ( ,comm]ce1 ! ,dep>tm5t (   
,def5se1 ! ,dep>tm5t ( ! ,treasury1 !   
,dep>tm5t ( ,en]gy1 & ! ,(fice ( ,sci5ce
 & ,te*nology ,policy4  7#c7 ,functions 
,! ,bo>d %all call ^u memb]s ( !        
,c\ncil1 ei!r collectively or           
individually1 to advise ! ,bo>d reg>d+ !
 ext5t to :i* ! ,corporation is meet+ ! 
/rategic inve/m5t goals ( ! ,unit$      
,/ates & any sugge/ions = improvem5ts ) 

respect to su* goals1 includ+           
opportunities 9 c\ntries & project      
developm5t & implem5tation *all5ges &   
opportunities4  7#d7 ,f$]al ,advisory   
,committee ,act ,! ,c\ncil %all n be    
subject to ! ,f$]al ,advisory ,committee
 ,act 7#e ,u4,s4,c4 ,app474  2  7#b7 9  
section #addb 7#bb ,u4,s4,c4 #ifeb7--   
7,a7 9 subsection 7b7-- 7i7 9 p>agraph  
7#c71 by /rik+ 2 & & ins]t+ a semicolon2
  7ii7 9 p>agraph 7#d77;,b71 by /rik+ ! 
p]iod at ! end & ins]t+ 2 &2 &  7iii7 by
 add+ at ! end ! foll[+ new p>agraph3   
7#e7 develop /&>ds =1 & a me?od =       
ensur+1 appropriate /rategic inve/m5t   
metrics ( ! ,corporation's portfolio4  2
 &  7,b7 9 subsection 7d71 by /rik+     
#adac7;i7 & ins]t+ #adac7;j72 &  7#c7 9 
section #addc 7#bb ,u4,s4,c4 #ifec7--   
7,a7 9 subsection 7a7-- 7i7 9 p>agraph  
7#c71 by /rik+ 2 & & ins]t+ a semicolon2
  7ii7 9 p>agraph 7#d71 by /rik+ ! p]iod
 at ! end & ins]t+ 2 &2 &  7iii7 by add+
 at ! end ! foll[+ new p>agraph3  7#e7 !
 impact ( ! /rategic inve/m5ts made by !

 ,corporation1 :i* %all be includ$ 9 a  
classifi$ annex4  2 &  7,b7 9 subsection
 7b7-- 7i7 9 p>agraph 7#a7-- 7,i7 9     
subp>agraph 7,a71 by /rik+ 2 & & ins]t+ 
a semicolon2  7,,ii7 9 subp>agraph 7,b71
 by add+ & at ! end2 &  7,,iii7 by add+ 
at ! end ! foll[+ new subp>agraph3  7,c7
 ! impact ( ! ,corporation's /rategic   
inve/m5t ef=ts on ,unit$ ,/ates =eign   
policy goals2  2 &  7ii7 9 p>agraph     
7#c7-- 7,i7 9 subp>agraph 7,a71 by /rik+
 2 & & ins]t+ a semicolon2 &  7,,ii7 by 
add+ at ! end ! foll[+ new subp>agraph3 
7,c7 outcomes ( ! /rategic inve/m5ts    
portfolio1 & :e!r or n su* inve/m5ts are
 meet+ ! =eign policy objectives ( !    
,unit$ ,/ates2 &  4  #bjc4 ,prohibition 
on transf] ( sov]eign loan gu>antees to 
,unit$ ,/ates ,int]national ,developm5t 
,f9ance ,corporation  7a7 ,9 g5]al      
,section #adfc7;c77#a7 ( ! ,bett]       
,utilization ( ,inve/m5ts ,lead+ to     
,developm5t ,act ( #bjah 7#bb ,u4,s4,c4 
#ifhc7;c77#a77 is am5d$ by /rik+ !      
,corporation or any o!r appropriate     

dep>tm5t or ag5cy ( ! ,unit$ ,/ates     
,gov]nm5t & ins]t+ any appropriate      
dep>tm5t or ag5cy ( ! ,unit$ ,/ates     
,gov]nm5t 7o!r ?an ! ,corporation74  7b7
 ,effective date ,! am5dm5t made by     
subsection 7a7 %all take effect z if    
includ$ 9 ! enactm5t ( ! ,bett]         
,utilization ( ,inve/m5ts ,lead+ to     
,developm5t ,act ( #bjah 7#bb ,u4,s4,c4 
#ifja et seq474  #bjd4 ,/rategy =       
promot+ & /r5g!n+ ne>%or+  7a7 ,f9d+s   
,congress makes ! foll[+ f9d+s3 7#a7 ,9 
#bjai1 ! ,p's ,republic ( ,*9a 0 ! top  
suppli] ( goods import$ into ! ,unit$   
,/ates1 provid+ significant quantities (
 r>e e>? m9]als1 ph>maceutical +r$i5ts1 
m$ical equipm5t1 & o!r goods vital to ! 
economic prosp]ity & national security (
 ! ,unit$ ,/ates4  7#b7 ,! ,,covid-#ai  
p&emic & production outages & %ipp+     
disruptions 9 ! ,p's ,republic ( ,*9a h 
jeop>diz$ worldwide access to critical  
goods1 contribut+ to an unprec$5t$1     
ongo+ supply *a9 crisis t has expos$ !  
sev]e risks ( conc5trat+ global supply  

*a9s 9 ! ,p's ,republic ( ,*9a &        
demon/rat$ ! ne$ = ! ,unit$ ,/ates to   
increase supply *a9 resili5cy & div]sity
 ?r\gh re%or+ & ne>%or+ initiatives4    
7#c7 ,relocat+ supply *a9s f ! ,p's     
,republic ( ,*9a to ,lat9 ,am]ica & !   
,c>ibbean is 9 ! comm]cial & security   
int]e/s ( ! ,unit$ ,/ates & (f]s sev]al 
significant advantages = ! ,unit$ ,/ates
 ,gov]nm5t & ,unit$ ,/ates entities1    
includ+-- 7,a7 r$uc$ transit times to   
m>kets 9 ! ,unit$ ,/ates1 :i* w l[]     
freight co/s1 enable quick] adaptability
 to fluctuat+ consum] dem&1 & less5 !   
l>ge c>bon footpr9t ( curr5t supply     
*a9s2  7,b7 hav+ supply *a9s locat$ 9   
c\ntries ) :i* ! ,unit$ ,/ates has      
long/&+ bilat]al ties & %>$ democratic  
values1 less5+ ! risk ( geopolitical    
disruptions to supply *a9s2 &  7,c7 hav+
 supply *a9s locat$ 9 c\ntries ) exi/+  
comp>ative advantages = s\rc+ &         
manufactur+ key critical goods t _c be  
entirely s\rc$ f or manufactur$ 9 !     
,unit$ ,/ates1 includ+ r>e e>? m9]als1  

ph>maceuticals1 m$ical goods1 &         
semiconductors4  7#d7 ,swit*+ #ae p]c5t 
( ,unit$ ,/ates imports f its top #aj   
s\rce c\ntries outside ( ! ,we/]n       
,hemisph]e to c\ntries 9 ,lat9 ,am]ica &
 ! ,c>ibbean w\ld increase ! exports ( !
 region by approximately #gb1jjj1jjj1jjj
 annually1 help+ ! region recov] f !    
effects ( ! ,,covid-#ai p&emic :ile also
 r$uc+ pressures enc\rag+ migration to !
 ,unit$ ,/ates4  7b7 ,/atem5t ( policy  
,x %all be ! policy ( ! ,unit$ ,/ates-- 
7#a7 to "w ) allies & p>tn]s ( ! ,unit$ 
,/ates 9 ! ,we/]n ,hemisph]e to a*ieve m
 resili5t1 div]se1 & secure supply *a9s2
  7#b7 to pursue ne>%or+ initiatives to 
relocate supply *a9s to ,lat9 ,am]ica & 
! ,c>ibbean1 p>ticul>ly = products      
unlikely to be s\rc$ or manufactur$ 9 ! 
,unit$ ,/ates1 :ile simultane\sly pursu+
 re%or+ initiatives to increase dome/ic 
production 9 ! ,unit$ ,/ates2 &  7#c7 to
 engage ) regional gov]nm5ts1           
multilat]al developm5t banks1 & !       
private sector to develop & advance jo9t

 ef=ts to inc5tivize entities to        
relocate supply *a9s to1 & /r5g!n supply
 *a9s )91 ! ,we/]n ,hemisph]e4  7c7     
,/rategy ,! ,secret>y ( ,/ate1 9        
coord9ation ) ! heads ( o!r relevant    
,f$]al ag5cies1 z det]m9$ by !          
,secret>y1 %all develop & implem5t a    
/rategy to increase supply *a9 resili5cy
 & security by promot+ & /r5g!n+ ne>%or+
 ef=ts to relocate supply *a9s f ! ,p's 
,republic ( ,*9a to ! ,we/]n ,hemisph]e4
  7d7 ,elem5ts ,! /rategy requir$ "u    
subsection 7c7 %all-- 7#a7 be in=m$ by  
consultations ) ! gov]nm5ts ( allies &  
p>tn]s ( ! ,unit$ ,/ates 9 ! ,we/]n     
,hemisph]e & labor organizations & trade
 unions 9 ! ,unit$ ,/ates2  7#b7 provide
 a description ( h[ re%or+ & ne>%or+    
initiatives c be pursu$ 9 a complem5t>y 
fa%ion to /r5g!n ! national int]e/s ( ! 
,unit$ ,/ates2  7#c7 include an         
assessm5t (-- 7,a7 ! /atus &            
effectiv5ess ( curr5t ef=ts by regional 
gov]nm5ts1 multilat]al developm5t banks1
 & ! private sector to promote ne>%or+  

to ! ,we/]n ,hemisph]e2  7,b7 major     
*all5ges h9d]+ ^? ef=ts2 &  7,c7 h[ !   
,unit$ ,/ates c /r5g!n ! effectiv5ess ( 
^? ef=ts2  7#d7 id5tify c\ntries 9 ,lat9
 ,am]ica & ! ,c>ibbean ) comp>ative     
advantages = s\rc+ & manufactur+        
critical goods & c\ntries ) ! greate/   
ne>%or+ opportunities2  7#e7 id5tify h[ 
activities by ! ,unit$ ,/ates ,ag5cy =  
,int]national ,developm5t & ! ,unit$    
,/ates ,int]national ,developm5t ,f9ance
 ,corporation c effectively be lev]ag$  
to /r5g!n & promote ne>%or+ to ,lat9    
,am]ica & ! ,c>ibbean2  7#f7 advance    
diplomatic initiatives to secure        
specific national commitm5ts by         
gov]nm5ts 9 ,lat9 ,am]ica & ! ,c>ibbean 
to und]take ef=ts to create favorable   
conditions = ne>%or+ 9 ! region1 includ+
 commitm5ts-- 7,a7 to develop =maliz$   
national ne>%or+ /rategies2  7,b7 to    
address corruption & rule ( law conc]ns2
  7,c7 to mod]nize digital & physical   
infra/ructure2  7,d7 to l[] trade       
b>ri]s2  7,e7 to improve ease ( do+     

bus9ess2 &  7,f7 to f9ance & inc5tivize 
ne>%or+ initiatives2  7#g7 advance      
diplomatic initiatives to h>monize /&>ds
 & regulations1 exp$ite cu/oms          
op]ations1 & facilitate economic        
integration 9 ,lat9 ,am]ica & !         
,c>ibbean2 &  7#h7 develop & implem5t   
programs to f9ance1 inc5tivize1 or      
o!rwise promote ne>%or+ to ! ,we/]n     
,hemisph]e 9 accordance ) ! assessm5ts &
 id5tifications made pursuant to        
p>agraphs 7#c71 7#d71 & 7#e71 includ+1  
at m9imum1 programs-- 7,a7 to develop   
physical & digital infra/ructure2  7,b7 
to promote transp>5cy 9 procurem5t      
processes2  7,c7 to provide te*nical    
assi/ance 9 implem5t+ national ne>%or+  
/rategies2  7,d7 to mobilize private    
inve/m5t2 &  7,e7 to secure commitm5ts  
by private sector entities to relocate  
supply *a9s f ! ,p's ,republic ( ,*9a to
 ! ,we/]n ,hemisph]e4  7e7 ,coord9ation 
) multilat]al developm5t banks ,9       
implem5t+ ! /rategy requir$ "u          
subsection 7c71 ! ,secret>y ( ,/ate & ! 

heads ( o!r relevant ,f$]al ag5cies1 z  
det]m9$ by ! ,secret>y1 %all coord9ate )
 ! ,unit$ ,/ates ,executive ,director to
 ! ,int]-,am]ican ,developm5t ,bank & ! 
,unit$ ,/ates ,executive ,director to ! 
,_w ,bank4  7f7 ,annual report ,n lat]  
?an #ahj days aft] ! date ( ! enactm5t (
 ?is ,act1 & annually !reaft] = #e ye>s1
 ! ,secret>y ( ,/ate %all submit to !   
,committee on ,=eign ,relations ( !     
,s5ate & ! ,committee on ,=eign ,affairs
 ( ! ,h\se ( ,repres5tatives ! /rategy  
requir$ "u subsection 7c7 & a           
description ( progress made 9 !         
implem5tation ( t /rategy4  #bje4 ,s5se 
( ,congress on ! ,blue ,dot ,initiative 
,x is ! s5se ( ,congress t-- 7#a7 !     
,blue ,dot ,network helps public &      
private inve/ors f9ance infra/ructure   
projects t are inclusive1 transp>5t1    
su/a9able1 environm5tally & socially    
responsible1 & compliant ) int]national 
/&>ds1 laws1 & regulations2  7#b7 !     
,blue ,dot ,network helps mitigate      
?reats su* z ! pr$atory infra/ructure   

inve/m5t practices ( ! ,p's ,republic ( 
,*9a & critical %ortfalls 9 global      
infra/ructure f9anc+2  7#c7 ! ,blue ,dot
 ,network advances ! int]e/s ( ! ,unit$ 
,/ates ?r\gh sett+ pr9cipal int]national
 /&>ds1 b also requires suffici5t       
inve/m5ts 9 o!r tools ( economic        
/atecraft su* z ! ,unit$ ,/ates         
,int]national ,developm5t ,f9ance       
,corporation & ! ,mill5nium ,*all5ge    
,corporation to be effective2  7#d7 !   
,unit$ ,/ates ,int]national ,developm5t 
,f9ance ,corporation %\ld deep5 its     
coop]ation ) ,japan ,bank =             
,int]national ,coop]ation & ! ,dep>tm5t 
( ,=eign ,affairs & ,trade ( ,au/ralia  
to promote ! ,blue ,dot ,network &      
f9ance c]tifi$ projects2  7#e7 !        
,organisation = ,economic ,co-op]ation &
 ,developm5t mu/ cont9ue to update &    
ref9e its me?odologies & metrics =      
infra/ructure project c]tification bas$ 
on guidel9es su* z ! ,gr\p ( ,tw5ty     
7,g#bj7 ,pr9ciples = ,quality           
,infra/ructure ,inve/m5t2  7#f7 ! ,blue 

,dot ,network mu/ complem5t o!r pr9cipl$
 developm5t f9ance initiatives su* z !  
,infra/ructure ,te*nology & ,assi/ance  
,network & ! ,transaction ,advisory     
,fund ( ! ,infra/ructure ,transaction & 
,assi/ance ,network2  7#g7 future       
developm5t f9ance initiatives %\ld build
 on ! f\ndations ( ! initiatives        
describ$ 9 p>agraph 7#f72 &  7#h7 !     
gov]nm5ts ( o!r c\ntries committ$ to    
good gov]nance1 int]national law1 &     
infra/ructure inve/m5t %\ld "w ) ! ,blue
 ,dot ,network to c]tify infra/ructure  
projects & attract public & private     
sector inve/m5ts4  #bjf4 ,s5se (        
,congress on ! ,?ree ,seas ,initiative  
,x is ! s5se ( ,congress t-- 7#a7 !     
,?ree ,seas ,initiative promotes        
security1 economic integration1         
mod]nization1 & prosp]ity 9 ,c5tral &   
,ea/]n ,europe ?r\gh critical inve/m5ts 
en]gy1 transportation1 & digital        
infra/ructure2  7#b7 ! ,unit$ ,/ates    
,int]national ,developm5t ,f9ance       
,corporation %\ld f9alize its approv$   

inve/m5t ( #cjj1jjj1jjj & approve an    
additional #gjj1jjj1jjj inve/m5t 9 !    
,?ree ,seas ,initiative to fulfill its  
#bjbj commitm5ts2  7#c7 ,c5tral & ,ea/]n
 ,europe mu/ develop bett] nor?-s\?     
infra/ructure & economic integration to 
break ! dom9ance by ! ,russian ,f$]ation
 ( ea/-we/ trade corridors & regional   
en]gy supplies2  7#d7 9 ! wake ( !      
prem$itat$1 unprovok$1 & unju/ifi$      
invasion ( ,ukra9e by ! ,russian        
,f$]ation1 ! ,?ree ,seas ,initiative has
 nev] be5 m important = ! security ( its
 #ab p>ticipants3 ,au/ria1 ,bulg>ia1    
,croatia1 ! ,cze* ,republic1 ,e/onia1   
,hung>y1 ,latvia1 ,li?uania1 ,pol&1     
,romania1 ,slovakia1 & ,slov5ia2  7#e7 !
 ,?ree ,seas ,initiative %\ld prioritize
 con/ruction ( regional liquid natural  
gas t]m9als t c help div]sify ! region's
 en]gy supplies & r$uce ! malign        
influ5ce ( ! ,russian ,f$]ation2  7#f7 !
 ,p's ,republic ( ,*9a's #ad1jjj1jjj1jjj
 ( infra/ructure inve/m5ts 9 ! region h 
degrad$ ! environm5t1 erod$ ! rule (    

law1 infr+$ ^u /ate sov]eignty1 & pose a
 national security ?reat2  7#g7 !       
,digital ,economy ,coop]ation           
,initiative %\ld coop]ate ) ! ,?ree     
,seas ,initiative to fur!r mod]nize !   
region's economy & develop ! regions    
digital1 communications1 & f9ancial     
infra/ructure2  7#h7 ! ,european ,union 
has made sub/antial contributions to !  
objectives ( ! ,?ree ,seas ,initiative &
 %\ld cont9ue to d s ?r\gh me*anisms su*
 z ! ,connect+ ,europe ,facility2 &     
7#i7 ! ,unit$ ,/ates %\ld enc\rage      
regional initiatives su* z ! ,?ree ,seas
 ,initiative to galvanize public &      
private sector inve/m5ts 9 regional     
infra/ructure projects t adh]e to       
environm5tal1 equitable1 social1 &      
su/a9able /&>ds4  ,b ,en]gy  #baa4 ,s5se
 ( ,congress reg>d+ ,unit$ ,/ates       
engagem5t at ! ,_w ,economic ,=um ,x is 
! s5se ( ,congress t ! ,secret>y (      
,/ate1 ! ,secret>y ( ! ,treasury1 !     
,adm9i/rator ( ! ,unit$ ,/ates ,ag5cy = 
,int]national ,developm5t1 & ! ,*ief    

,executive ,(fic] ( ! ,unit$ ,/ates     
,int]national ,developm5t ,f9ance       
,corporation %\ld make climate f9ance   
commitm5ts at ! ,_w ,economic ,=um4     
#bab4 ,clean en]gy ef=ts ( ! ,unit$     
,/ates ,int]national ,developm5t ,f9ance
 ,corporation  7a7 ,9 g5]al ,! ,*ief    
,executive ,(fic] ( ! ,unit$ ,/ates     
,int]national ,developm5t ,f9ance       
,corporation %all /rive to r$uce ! net  
c>bon footpr9t ( ! ,corporation's entire
 inve/m5t portfolio to z]o by #bjbh4    
7b7 ,priority ,9 c>ry+ out ! goal       
describ$ 9 subsection 7a71 ! ,*ief      
,executive ,(fic] %all prioritize       
projects 9 c\ntries /ruggl+ )           
transition+ f c>bon int5sive electricity
 to clean en]gy4  7c7 ,report ,! ,*ief  
,executive ,(fic] %all submit a report  
to ,congress t describes !              
,corporation's ef=ts to meet ! goals    
describ$ 9 subsections 7a7 & 7b74  #bac4
 ,consi/5cy 9 ,unit$ ,/ates policy on   
developm5t f9ance & climate *ange ,x is 
! policy ( ! ,unit$ ,/ates to ensure t  

its engagem5t ) multilat]al int]national
 f9ancial in/itution's is consi/5t )    
,unit$ ,/ates policy to r$uce gre5h\se  
gas emissions 9 ord] to a*ieve worldwide
 net-z]o c>bon emissions by #bjej4      
#bad4 ,en]gy diplomacy & security )9 !  
,dep>tm5t ( ,/ate ,section #a7;c7 ( !   
,/ate ,dep>tm5t ,basic ,au?orities ,act 
( #aief 7#bb ,u4,s4,c4 #bfea;a7c77 is   
am5d$-- 7#a7 9 p>agraph 7#a71 by /rik+  
#bd & ins]t+ #be2  7#b7 by r$esignat+   
p>agraph 7#e7 z p>agraph 7#f72 &  7#c7  
by ins]t+ aft] p>agraph 7#d7 ! foll[+3  
7#e7 ,assi/ant secret>y ( /ate = en]gy  
res\rces ,subject to ! num]ical         
limitation specifi$ 9 p>agraph 7#a71 !re
 is au?oriz$ to be e/abli%$ 9 !         
,dep>tm5t ( ,/ate an ,assi/ant ,secret>y
 ( ,/ate = ,en]gy ,res\rces :o %all be  
responsible to ! ,secret>y ( ,/ate =    
matt]s p]ta9+ to ! =mulation &          
implem5tation ( int]national policies-- 
7,a7 to protect ,unit$ ,/ates en]gy     
security int]e/s2 &  7,b7 to promote    
responsible global clean en]gy          

production4  4  #bae4 ,unit$ ,/ates &   
,european ,union coop]ation on climate  
f9ance = develop+ c\ntries  7a7 ,s5se ( 
,congress ,x is ! s5se ( ,congress t !  
,unit$ ,/ates %\ld re/ore its hi/oric   
alliance ) c\ntries ( ! ,european ,union
 reg>d+ climate action by r5ew+ !       
commitm5t to advanc+ %>$ values1        
pr9ciples1 goals1 & global coop]ation = 
address+ climate *ange & a*iev+ ! goals 
( ! decision ( ! #ba/ ,conf]5ce (       
,p>ties to ! ,unit$ ,nations ,framework 
,conv5tion on ,climate ,*ange adopt$ 9  
,p>is ,decemb] #ab1 #bjae 7commonly kn[n
 z ! ,p>is ,agreem5t74  7b7             
,discretion>y clean en]gy developm5t    
f9ance fund ,! ,*ief ,executive ,(fic] (
 ,unit$ ,/ates ,int]national ,developm5t
 ,f9ance ,corporation %all p>tn] ) !    
,european ,bank = ,recon/ruction &      
,developm5t to e/abli% ! ,discretion>y  
,clean ,en]gy ,developm5t ,f9ance ,fund4
  7c7 ,en]gy transition assi/ance =     
,ea/]n ,europe ,title ,v ( ! ,support = 
,ea/ ,european ,democracy 7,,se$7 ,act (

 #aihi 7#bb ,u4,s4,c4 #edea et seq47 is 
am5d$ by add+ at ! end ! foll[+3  #ejd4 
,assi/ance = ,ea/]n ,european c\ntries  
transition+ f fossil fuels to clean     
en]gy  7a7 ,au?orization ( assi/ance ,! 
,adm9i/rator ( ! ,unit$ ,/ates ,ag5cy = 
,int]national ,developm5t1 9            
consultation ) ! ,secret>y ( ,/ate1 !   
,secret>y ( ,en]gy1 & ! ,secret>y (     
,comm]ce1 is au?oriz$ to e/abli% a      
program to support work]s & communities 
9 ,ea/]n ,european c\ntries t are       
/ruggl+ ) ! transition f fossil fuel    
dep5d5t economies to clean en]gy        
economies4  7b7 ,au?orization (         
appropriations ,!re is au?oriz$ to be   
appropriat$1 = ea* ( ! fiscal ye>s #bjbc
 ?r\gh #bjbg1 su* sums z may be necess>y
 to c>ry out ! program au?oriz$ "u      
subsection 7a74  4  7d7 ,unit$          
,/ates-,european ,union ,work+ ,gr\p ,! 
,secret>y ( ,/ate1 9 consultation ) !   
,secret>y ( ,comm]ce & ! ,secret>y (    
,en]gy1 %all seek to e/abli% a =mal     
,unit$ ,/ates-,european ,union ,work+   

,gr\p t w develop a /rategy to respond  
to ! ,p's ,republic ( ,*9a's ,belt &    
,road ,initiative4  ,c ,te*nology  #bba4
 ,unit$ ,/ates lead]%ip & repres5tation 
9 /&>ds-sett+ bodies  7a7 ,/atem5t (    
policy ,x is ! policy ( ! ,unit$ ,/ates 
to ensure t ! ,unit$ ,/ates leads 9 !   
innovation ( critical & em]g+           
te*nologies1 su* z next-g5]ation        
telecommunications1 artificial          
intellig5ce1 quantum comput+1           
semiconductors1 & biote*nology1 by--    
7#a7 provid+ necess>y inve/m5t &        
concrete inc5tives = ! private sector to
 accel]ate developm5t ( su* te*nologies2
  7#b7 mod]niz+ export controls &       
inve/m5t scre5+ regimes & associat$     
policies & regulations2  7#c7 enhanc+   
,unit$ ,/ates lead]%ip 9 te*nical       
/&>ds-sett+ bodies & av5ues = develop+  
norms reg>d+ ! use ( em]g+ critical     
te*nologies2  7#d7 r$uc+ ,unit$ ,/ates  
b>ri]s & increas+ inc5tives =           
collaboration ) allies & p>tn]s on !    
rese>* & co-developm5t ( critical       

te*nologies2  7#e7 collaborat+ ) allies 
& p>tn]s to protect critical te*nologies
 by-- 7,a7 craft+ multilat]al export    
control measures2  7,b7 build+ capacity 
= def5se te*nology security2  7,c7      
safegu>d+ *okepo9ts 9 supply *a9s2 &    
7,d7 ensur+ div]sification2 &  7#f7     
design+ major def5se capabilities =     
export to allies & p>tn]s4  7b7 ,s5se ( 
,congress ,x is ! s5se ( ,congress t--  
7#a7 ! ,unit$ ,/ates mu/ lead 9         
int]national bodies t set ! gov]nance   
norms & rules = critical digitally      
enabl$ te*nologies 9 ord] to ensure t ^?
 te*nologies op]ate )9 a free1 secure1  
int]op]able1 & /able digital doma92     
7#b7 ! ,unit$ ,/ates1 along ) allies &  
p>tn]s1 %\ld lead an int]national ef=t t
 utilizes all ( ! economic & diplomatic 
tools at its disposal to combat ! exp&+ 
use ( in=mation & communications        
te*nology products & s]vices to surveil1
 repress1 & manipulate populations 7also
 kn[n z digital au?orit>ianism72  7#c7 !
 ,unit$ ,/ates %\ld lead a global ef=t  

to ensure t fre$om ( in=mation1 includ+ 
! ability to safely consume or publi%   
in=mation )\t fe> ( undue reprisals1 is 
ma9ta9$ z ! digital doma9 becomes an    
increas+ly integral me*anism =          
communication2  7#d7 ! ,unit$ ,/ates    
%\ld lead a global ef=t to develop &    
adopt a set ( common pr9ciples & /&>ds =
 critical te*nologies to ensure t ! use 
( su* te*nologies _c be abus$ by malign 
actors1 :e!r ^? actors are gov]nm5ts or 
o!r entities1 & t ^? actors d n ?reat5  
democratic gov]nance or human rights2   
7#e7 ! ,unit$ ,/ates & its allies &     
p>tn]s %\ld ma9ta9 p>ticipation &       
lead]%ip at int]national /&>ds-sett+    
bodies = #e? & future g5]ation mobile   
telecommunications sy/ems &             
infra/ructure2  7#f7 ! ,unit$ ,/ates    
%\ld "w ) its allies & p>tn]s to        
enc\rage & facilitate ! developm5t (    
secure supply *a9s & networks = #e? &   
future g5]ation mobile                  
telecommunications sy/ems &             
infra/ructure2 &  7#g7 ! ma9t5ance ( a  

high /&>d ( security 9                  
telecommunications & cyb]space betwe5 ! 
,unit$ ,/ates & its allies & p>tn]s is a
 national security int]e/ ( ! ,unit$    
,/ates4  7c7 ,enhanc+ repres5tation &   
lead]%ip ( ,unit$ ,/ates at int]national
 /&>ds-,sett+ bodies  7#a7 ,9 g5]al ,!  
,presid5t %all-- 7,a7 e/abli% an        
int]ag5cy work+ gr\p to provide         
assi/ance & te*nical exp]tise to enhance
 ! repres5tation & lead]%ip ( ! ,unit$  
,/ates at int]national bodies t set     
/&>ds = equipm5t1 sy/ems1 s(tw>e1 &     
virtually def9$ networks t support #e? &
 future g5]ation mobile                 
telecommunications sy/ems &             
infra/ructure1 su* z ! ,int]national    
,telecommunication ,union & ! #crd      
,g5]ation ,p>tn]%ip ,project2 &  7,b7 "w
 ) allies1 p>tn]s1 & ! private sector to
 increase productive engagem5t ) respect
 to ! /&>ds describ$ 9 subp>agraph 7,a74
  7#b7 ,int]ag5cy work+ gr\p ,!         
int]ag5cy work+ gr\p describ$ 9 p>agraph
 7#a7 %all-- 7,a7 be *air$ by !         

,secret>y ( ,/ate or a designee ( !     
,secret>y ( ,/ate2 &  7,b7 consi/ ( !   
head 7or designee7 ( ea* ,f$]al dep>tm5t
 or ag5cy ! ,presid5t det]m9es          
appropriate4  7#c7 ,brief+s  7,a7 ,9    
g5]al ,n lat] ?an #ahj days aft] ! date 
( ! enactm5t ( ?is ,act1 & subsequ5tly  
!reaft] z provid$ "u subp>agraph 7,b71 !
 int]ag5cy work+ gr\p describ$ 9        
p>agraph 7#a7 %all provide a /rategy to 
! ,committee on ,=eign ,relations ( !   
,s5ate & ! ,committee on ,=eign ,affairs
 ( ! ,h\se ( ,repres5tatives t          
addresses-- 7i7 promotion ( ,unit$      
,/ates lead]%ip at int]national         
/&>ds-sett+ bodies = equipm5t1 sy/ems1  
s(tw>e1 & virtually def9$ networks      
relevant to #e? & future g5]ation mobile
 telecommunications sy/ems &            
infra/ructure1 tak+ into acc\nt !       
diff]5t processes foll[$ by ! v>i\s     
int]national /&>d-sett+ bodies2  7ii7   
diplomatic engagem5t ) allies & p>tn]s  
to %>e security risk in=mation & f9d+s  
p]ta9+ to equipm5t t supports or is us$ 

9 #e? & future g5]ation mobile          
telecommunications sy/ems &             
infra/ructure & coop]ation on mitigat+  
su* risks2  7iii7 ,*9a's pres5ce &      
activities at int]national /&>ds-sett+  
bodies relevant to #e? & future g5]ation
 mobile telecommunications sy/ems &     
infra/ructure1 includ+ in=mation on !   
diff]5ces 9 ! scope & scale ( ,*9a's    
engagem5t at su* bodies comp>$ to       
engagem5t by ! ,unit$ ,/ates or its     
allies & p>tn]s & ! security risks rais$
 by ,*9ese proposals 9 su* /&>ds-sett+  
bodies2 &  7iv7 engagem5t ) private     
sector communications & in=mation s]vice
 provid]s1 equipm5t develop]s1 academia1
 f$]ally fund$ rese>* & developm5t      
c5t]s1 & o!r private sector /akehold]s  
to propose & develop secure /&>ds =     
equipm5t1 sy/ems1 s(tw>e1 & virtually   
def9$ networks t support #e? & future   
g5]ation mobile telecommunications      
sy/ems & infra/ructure4  7,b7 ,subsequ5t
 brief+s ,^u receiv+ a reque/ f !       
appropriate congressional committees1 or

 z det]m9$ appropriate by ! *air ( !    
int]ag5cy work+ gr\p describ$ 9 p>agraph
 7#a71 ! int]ag5cy work+ gr\p %all      
provide su* committees an updat$ brief+ 
t cov]s ! matt]s describ$ 9 clauses 7i7 
?r\gh 7iv7 ( subp>agraph 7,a74  #bbb4   
,s5se ( ,congress on coop]ation ) !     
,g#bj ,digital ,economy ,work+ ,gr\p ,x 
is ! s5se ( ,congress t-- 7#a7 ! ,gr\p (
 ,tw5ty 7,g#bj7 ,digital ,economy ,work+
 ,gr\p advances national & int]national 
int]e/s ?r\gh promot+ pr9cipl$ &        
practical /&>ds2 &  7#b7 ! ,unit$ ,/ates
 %\ld cont9ue to support1 engage1 &     
ex]cise lead]%ip 9 ! work+ gr\p-- 7,a7  
to maximize ! b5efits & m9imize ! h>ms (
 ! #gj1jjj1jjj1jjj & gr[+ global digital
 economy2  7,b7 to increase int]national
 digital connectivity & trade2  7,c7 to 
mod]nize ! global economy ) new         
te*nologies su* z block*a91 artificial  
intellig5ce1 & ma*9e le>n+2  7,d7 to    
protect cross bord] data fl[ & data free
 fl[ ) tru/2  7,e7 to promote social    
inclusion ?r\gh digital quality control1

 consum] protection1 *ild protection1 & 
equitable access to new te*nologies2    
7,f7 to improve effici5cy &             
int]op]ability = te*nologies &          
regulations 9 ! public sector2  7,g7 to 
advance ! pa/ initiatives ( ! work+ gr\p
 su* ,sm>t ,cities1 ,digital ,security1 
& ! ,connect+ ,humanity #bjcj           
,initiative2 &  7,h7 to enable progress 
t[>d ! ,unit$ ,nations ,su/a9able       
,developm5t ,goals4  #bbc4 ,/atem5t (   
policy on artificial intellig5ce & !    
global economy ,x is ! policy ( ! ,unit$
 ,/ates-- 7#a7 to prioritize diplomacy &
 int]national engagem5t 9 ! artificial  
intellig5ce /rategies & policies ( !    
,unit$ ,/ates2  7#b7 to prioritize      
artificial intellig5ce issues 9 ,unit$  
,/ates diplomacy2  7#c7 to collaborate )
 allies & p>tn]s to-- 7,a7 rese>*1      
develop1 produce1 & inve/ 9 artificial  
intellig5ce te*nologies t support       
economic prosp]ity1 collective security1
 democracy1 & human rights2  7,b7       
promote commitm5ts & int]national law   

relat$ to artificial intellig5ce t      
reflect %>$ values2  7,c7 ensure t      
artificial intellig5ce te*nologies are  
safe1 secure1 & tru/wor?y2  7,d7 create 
& ma9ta9 artificial intellig5ce-relat$  
te*nical & in/itutional infra/ructure2  
7,e7 %>e artificial intellig5ce-relat$  
data1 te*nology1 & k1 subject to        
appropriate safegu>ds & re/rictions2    
7,f7 prev5t ! unwant$ transf] ( s5sitive
 artificial intellig5ce-relat$ te*nical 
in=mation2  7,g7 coord9ate artificial   
intellig5ce-relat$ export controls &    
inve/m5t scre5+ proc$ures2 &  7,h7      
educate & tra9 new cohorts ( artificial 
intellig5ce rese>*]s1 develop]s1 &      
practition]s2  7#d7 to incorporate      
p]spectives & exp]tise f indu/ry1       
academia1 & civil society into ,unit$   
,/ates diplomatic activities relat$ to  
artificial intellig5ce2  7#e7 to engage 
) bilat]al & multilat]al organizations  
active 9 artificial intellig5ce rese>*1 
developm5t1 & policy2 &  7#f7 to use    
diplomacy & =eign assi/ance to support  

activities = deploy+ artificial         
intellig5ce t create broadly %>$        
prosp]ity1 acc\nt = relevant artificial 
intellig5ce safety & security conc]ns1 &
 uphold human rights & democratic       
values4  #bbd4 ,diplomatic /rategy =    
artificial intellig5ce  7a7 ,9 g5]al ,n 
lat] ?an #a ye> aft] ! date ( ! enactm5t
 ( ?is ,act1 & e #b ye>s !reaft]1 !     
,secret>y ( ,/ate %all develop & submit 
to ! appropriate congressional          
committees a /rategy = ,unit$ ,/ates    
diplomacy relat$ to artificial          
intellig5ce4  7b7 ,cont5ts ,ea* /rategy 
requir$ by subsection 7a7 %all include !
 foll[+3 7#a7 ,a review ( relevant prior
 & ongo+ initiatives1 ! outcomes ( ^?   
initiatives1 & key ongo+ *all5ges to ^? 
initiatives4  7#b7 ,! objectives &      
priorities t w be us$ to guide !        
diplomacy ( ! ,unit$ ,/ates ,gov]nm5t   
relat$ to artificial intellig5ce1       
includ+ objectives & priorities relat$  
to ea* ( ! foll[+3 7,a7 ,promot+ human  
rights & democratic values 9 !          

developm5t & deploym5t ( artificial     
intellig5ce te*nologies1 includ+ by     
advanc+ relevant int]national law &     
pr9ciples4  7,b7 ,det]r+ & disrupt+     
malici\s & oppressive uses ( artificial 
intellig5ce4  7,c7 ,fo/]+ ,unit$ ,/ates 
collaboration ) allies & p>tn]s 9       
artificial intellig5ce rese>* &         
developm5t4  7,d7 ,develop+ appropriate 
te*nical /&>ds1 metrics1 & measurem5t   
te*niques = artificial intellig5ce4     
7,e7 ,mitigat+ safety risks ( artificial
 intellig5ce4  7,f7 ,ma9ta9+ secure     
supply *a9s = artificial intellig5ce    
te*nology & its inputs1 includ+ comput+ 
h>dw>e4  7,g7 ,ensur+ ! integrity ( !   
artificial intellig5ce rese>* &         
developm5t activities ( ! ,unit$ ,/ates 
& its allies & p>tn]s4  7,h7 ,ensur+ !  
equitable deploym5t & adoption (        
artificial intellig5ce te*nology1       
includ+ ?r\gh trade1 =eign assi/ance1 & 
developm5t f9ance4  7,i7 ,involv+ !     
private sector & civil society4  7,j7   
,respond+ to ! artificial intellig5ce   

activities & /rategies ( o!r c\ntries1  
includ+ ! ,p's ,republic ( ,*9a4  7#c7  
,specific1 measurable indicators (      
progress correspond+ to ! objectives &  
priorities describ$ 9 p>agraph 7#b74    
7#d7 ,= ea* /rategy o!r ?an ! fir/      
/rategy requir$ by subsection 7a71 an   
assessm5t ( :e!r & h[ progress ) respect
 to ea* ( ! indicators id5tifi$ 9 !     
prec$+ /rategy 0 realiz$4  7#e7 ,a      
detail$ implem5tation plan1 includ+     
timel9es1 designations ( lead & support+
 implem5t+ entities ( ! ,unit$ ,/ates   
,gov]nm5t1 budget>y e/imates 7z         
applicable71 & descriptions ( any       
additional budget>y res\rces1 te*nical  
exp]tise1 legal au?orities1 or p]sonnel 
ne$$ = implem5tation ( ! /rategy4  7#f7 
,any o!r matt]s ! ,secret>y consid]s    
relevant4  7c7 ,consultation ,9 prep>+  
ea* /rategy requir$ by subsection 7a71 !
 ,secret>y ( ,/ate %all consult )-- 7#a7
 ! ,secret>y ( ,def5se2  7#b7 !         
,secret>y ( ,homel& ,security2  7#c7 !  
,secret>y ( ,comm]ce2  7#d7 ! ,secret>y 

( ,en]gy2  7#e7 ! ,director ( !         
,national ,sci5ce ,f\ndation2  7#f7 !   
,director ( ! ,(fice ( ,sci5ce &        
,te*nology ,policy2  7#g7 ! heads ( su* 
o!r relevant ,f$]al ag5cies & dep>tm5ts 
z ! ,secret>y ( ,/ate consid]s          
appropriate2 &  7#h7 su* nongov]nm5tal  
p>tn]s z ! ,secret>y consid]s           
appropriate4  7d7 ,=m ,ea* /rategy      
requir$ by subsection 7a7 %all be       
submitt$ 9 unclassifi$ =m1 b may include
 a classifi$ annex4  7e7 ,publication ,!
 ,secret>y ( ,/ate %all make ea* /rategy
 requir$ by subsection 7a7 7)\t its     
classifi$ annex1 if any7 available on a 
publicly accessible website4  7f7       
,def9ition ( appropriate congressional  
committees ,9 ?is section1 ! t]m        
appropriate congressional committees    
means ! ,committee on ,=eign ,relations 
( ! ,s5ate & ! ,committee on ,=eign     
,affairs ( ! ,h\se ( ,repres5tatives4   
#bbe4 ,int]national collaboration on    
rese>* & developm5t  7a7 ,f9d+s         
,congress f9ds ! foll[+3 7#a7           

,innovation 9 artificial intellig5ce &  
o!r em]g+ te*nology doma9s has become   
increas+ly global4 ,accord+ to !        
,organisation = ,economic ,co-op]ation &
 ,developm5t1 worldwide sp5d+ on rese>* 
& developm5t m ?an tripl$ betwe5 #bjjj &
 #bjbj4 ,! ,unit$ ,/ates acc\nt$ = almo/
 #gj p]c5t ( su* sp5d+ 9 #aifj1 b less  
?an #a_/c 9 #bjah4  7#b7 ,_m allies &   
p>tn]s ( ! ,unit$ ,/ates are            
te*nological p[]s 9 _! own "r1 ) robu/  
rese>* & developm5t activities &        
_w-lead+ capabilities 9 fields su* z    
artificial intellig5ce1 semiconductors1 
robotics1 & biote*nology4  7#c7         
,adv]s>ies ( ! ,unit$ ,/ates1 includ+ ! 
,p's ,republic ( ,*9a1 ! ,russian       
,f$]ation1 & ,iran1 also emphasize      
te*nology & innovation 9 _! geopolitical
 /rategies4 ,9 p>ticul>1 ! ,*9ese       
,communi/ ,p>ty believes innovation is  
ess5tial to its cont9u$ rule & is inve/+
 heavily 9 rese>* & developm5t z "p ( a 
/rategy to leapfrog ! ,unit$ ,/ates into
 global lead]%ip4  7#d7 ,! ,unit$ ,/ates

 & its allies & p>tn]s collectively     
control a mu* l>g] %>e ( rese>* &       
developm5t activity ?an ! ,p's ,republic
 ( ,*9a4 ,toge!r1 ! ,unit$ ,/ates & #f  
l-m9d$ c\ntries1 namely1 ,japan1        
,g]many1 ,s\? ,korea1 ,india1 ,france1 &
 ! ,unit$ ,k+dom1 acc\nt = m ?an #a_/b (
 global sp5d+ on rese>* & developm5t1   
:ile ! ,p's ,republic ( ,*9a acc\nts =  
approximately #a_/d4  7#e7 ,! ,national 
,sci5ce ,bo>d's ,vision #bjcj report1   
issu$ 9 ,may #bjbj1 /ates1 ,/ay+ at !   
fronti]s ( discov]y requires lean+ into 
int]nationalism1 p>ticul>ly giv5 !      
nation's fall+ %>e ( global k           
production1 pair$ ) ! ris+ importance & 
impact ( int]national collaboration & k-
 & te*nology-int5sive indu/ries44  7#f7 
,previ\sly1 9 #bjjh1 ! ,national ,sci5ce
 ,bo>d report$1 ,! ,u4,s4 ,gov]nm5t c\ld
 play a m effective role 9 support+     
int]national ,s,e 7sci5ce & eng9e]+7    
p>tn]%ips by develop+ a coh]5t          
int]national ,s,e /rategy to coord9ate !
 activities & objectives ( ! v>i\s      

,f$]al ag5cies t play a role 9 su*      
p>tn]%ips4 ''' ,no s+le ,u4,s4 ag5cy is 
responsible = coord9at+ or support+     
int]national ,s,e p>tn]%ips1 & few      
,u4,s4 ag5cies t d ,s,e "w h explicit   
missions 9 int]national relations44     
7#g7 ,z ( ,m>* #bjbb1 num]\s ,f$]al     
dep>tm5ts & (fices adm9i/] jo9t rese>* &
 developm5t activities ) int]national   
p>tn]s1 includ+ ! ,(fice ( ,int]national
 ,sci5ce & ,eng9e]+ )9 ! ,national      
,sci5ce ,f\ndation1 ! ,division (       
,int]national ,relations )9 ! ,national 
,in/itutes ( ,heal?1 & ! ,(fice (       
,int]national ,sci5ce  ,te*nology       
,coop]ation )9 ! ,dep>tm5t ( ,en]gy4    
7b7 ,s5se ( ,congress ,x is ! s5se (    
,congress t-- 7#a7 int]national         
collaboration on rese>* & developm5t is 
critical to ma9ta9+ ,unit$ ,/ates       
lead]%ip 9 artificial intellig5ce & o!r 
critical te*nologies2 &  7#b7 ,f$]al    
initiatives relat$ to int]national      
collaboration on rese>* & developm5t    
%\ld be-- 7,a7 consi/5tly & adequately  

fund$2 &  7,b7 coord9at$ across ag5cies 
to increase impact1 m9imize undue       
duplication1 & ensure alignm5t )        
policies & /rategic objectives ( !      
,unit$ ,/ates4  7c7 ,gov]nm5t           
,acc\ntability ,(fice report ,n lat] ?an
 #ahj days aft] ! date ( ! enactm5t (   
?is ,act1 ! ,comptroll] ,g5]al ( !      
,unit$ ,/ates %all prep>e & release to !
 public a report t-- 7#a7 enum]ates &   
describes all significant ,f$]al        
initiatives relat$ to int]national      
collaboration on rese>* & developm5t 9  
em]g+ te*nologies 9 exi/5ce z ( ! date  
on :i* ! report is releas$2  7#b7       
assesses :e!r ^? initiatives are equipp$
 to a*ieve _! /at$ goals2  7#c7 assesses
 :e!r ^? initiatives are prop]ly manag$ 
& coord9at$ )9 & across ,f$]al ag5cies2 
&  7#d7 recomm5ds appropriate actions ) 
respect to p>agraphs 7#a7 ?r\gh 7#c74   
7d7 ,indep5d5t report  7#a7 ,9 g5]al ,n 
lat] ?an #ahj days aft] ! date ( !      
enactm5t ( ?is ,act1 ! ,secret>y ( ,/ate
 %all seek to ent] into a contract ) an 

appropriately qualifi$ indep5d5t rese>* 
entity1 su* z a f$]ally fund$ rese>* &  
developm5t c5t] or o!r nonpr(it         
organization1 to produce a report on    
,f$]al activities relat$ to int]national
 collaboration on rese>* & developm5t4  
7#b7 ,elem5ts ,! report describ$ 9      
p>agraph 7#a7 %all-- 7,a7 assess !      
effectiv5ess ( ,f$]al activities relat$ 
to int]national collaboration conduct$ z
 ( ! date on :i* ! report is produc$2   
7,b7 id5tify key opportunities = enhanc$
 collaboration on rese>* & developm5t ) 
allies & p>tn]s ( ! ,unit$ ,/ates2  7,c7
 id5tify key *all5ges to ,unit$ ,/ates  
collaboration on rese>* & developm5t )  
allies & p>tn]s2  7,d7 propose a ,f$]al 
/rategy & correspond+ implem5tation plan
 = future ,f$]al activities relat$ to   
int]national collaboration on rese>* &  
developm5t2 &  7,e7 recomm5d o!r        
appropriate actions = ! ,secret>y (     
,/ate1 o!r (ficials ( ! ,dep>tm5t (     
,/ate1 ,congress1 & o!r relevant        
gov]nm5tal & nongov]nm5tal actors1 &    

id5tify any additional res\rces or legal
 au?orities necess>y to c>ry out su*    
actions4  7#c7 ,completion ,! contract  
describ$ 9 p>agraph 7#a7 %all require   
deliv]y ( ! report describ$ 9 t p>agraph
 n lat] ?an #a ye> aft] ! date on :i* ! 
contract is execut$4  7#d7 ,publication 
,! ,secret>y ( ,/ate %all make ! report 
describ$ 9 p>agraph 7#a7 available on a 
publicly accessible website4  ,d        
,int]national f9ancial in/itutions &    
multilat]al economic organizations      
#bca4 ,/atem5t ( policy on ,unit$ ,/ates
 lead]%ip at int]national f9ancial      
in/itutions ,x is ! policy ( ! ,unit$   
,/ates-- 7#a7 to recognize ris+ debt    
/ock 9 em]g+ m>ket & develop+ c\ntries z
 a national security & economic security
 ?reat & raise its importance 9         
multilat]al =a2  7#b7 to lev]age ! voice
 & vote ( ! ,unit$ ,/ates 9 int]national
 f9ancial in/itutions to prev5t future  
unsu/a9able debt /ocks 9 em]g+ m>ket &  
develop+ c\ntries2  7#c7 to promote     
rule-writ+ /&>ds = transp>5cy &         

disclosure t hold bo? debtors & cr$itors
 acc\ntable1 all[ accurate debt         
su/a9ability assessm5ts1 & promote bett]
 debt managem5t2  7#d7 to lead !        
int]national community 9 translat+ !    
,g#bj ,common ,framework = ,debt        
,treatm5ts beyond ! ,debt ,s]vice       
,susp5sion ,initiative 7commonly kn[n z 
! ,common ,framework7 into tangible     
action1 includ+ effective /&/ill = debt 
paym5ts & cr$it revisions = petition]   
c\ntries & f9aliz+ ! debt treatm5t = !  
petition] c\ntries1 beg9n+ ) ,*ad1      
,e?iopia1 & ,zambia2  7#e7 to r$uce     
timel9es & increase confid5ce 9 outcomes
 = ! ,common ,framework s t private     
cr$itors cont9ue to provide suffici5t   
f9ances to petition] c\ntries & o!r     
c\ntries witness ! b5efits ( petition+2 
7#f7 to exp& ! ,common ,framework & (f] 
its f9ancial assi/ance to o!r heavily   
indebt$ l[]-middle-income c\ntries1     
beyond ^? curr5tly cov]$2  7#g7 to      
coop]ate ) c\nt]p>ts 9 ! ,gr\p ( ,tw5ty 
7,g#bj71 ! ,int]national ,monet>y ,fund1

 private cr$it rat+ ag5cies1 &          
regulators1 to explore & develop new    
bond & loan contract issuance /&>ds t   
au?orize tempor>y susp5sions ( debt     
s]vices to bo? private & public cr$itors
 )\t trigg]+ a default 9 crisis         
situations2  7#h7 to engage ) petition] 
c\ntries1 be=e ^? c\ntries exhau/ _!    
res]ves1 to /rategize _! asc5sion into !
 ,common ,framework & prev5t fur!r      
economic co/s2  7#i7 to lev]age ! voice 
& vote ( ! ,unit$ ,/ates 9 !            
,int]national ,monet>y ,fund & ! ,_w    
,bank s t ! ,fund & ! ,bank complete    
prelim9>y assessm5ts ( ! debt relief    
ne$$ by ea* c\ntry eligible = ,common   
,framework treatm5t be=e su* c\ntries   
petition = debt relief2  7#aj7 t        
assessm5ts describ$ 9 p>agraph 7#i7     
%\ld-- 7,a7 include reali/ic gr[? &     
fiscal projections2  7,b7 include       
implications ( ,common ,framework debt  
relief2 &  7,c7 be bas$ on accurate &   
compreh5sive debt data2  7#aa7 to       
support ! ,int]national ,monet>y ,fund  

l5d+ into arre>s = ! ,common ,framework 
9 ! case t private l5d]s fail to uphold 
_! initial commitm5ts2  7#ab7 to lev]age
 ! voice & vote ( ! ,unit$ ,/ates 9     
int]national f9ancial intuitions to     
promote & f9ance int]national           
initiatives to procure & deploy m       
af=dable & accessible ,,covid-#ai       
vacc9ations & treatm5ts = em]g+ m>ket & 
develop+ c\ntries2  7#ac7 to address !  
ne>-t]m problems associat$ ) !          
p&emic-induc$ global recession & also   
long] t]m problems ( unsu/a9able cr$it  
l5d+ & borr[+ t victimizes em]g+ m>ket &
 develop+ c\ntries2 &  7#ad7 to consid] 
! impact ( ! monet>y policies ( ! ,unit$
 ,/ates & future increases 9 int]e/     
rates on em]g+ m>ket & develop+ c\ntries
 & mitigate relat$ h>ms4  #bcb4 ,loans  
to ! ,pov]ty ,r$uction & ,gr[? ,tru/ ( !
 ,int]national ,monet>y ,fund  7a7      
,au?orization ( appropriations  7#a7 ,9 
g5]al ,!re are au?oriz$ to be           
appropriat$ to ! ,secret>y ( ! ,treasury
 = fiscal ye> #bjbb #ajb1jjj1jjj1 =     

contribution to ! ,pov]ty ,r$uction &   
,gr[? ,tru/ or o!r special purpose      
vehicle ( ! ,int]national ,monet>y      
,fund4  7#b7 ,availability ( am\nts     
,am\nts appropriat$ pursuant to !       
au?orization ( appropriations "u        
p>agraph 7#a7 %all rema9 available until
 ,septemb] #cj1 #bjca4  7b7 ,use (      
am\nts ,am\nts appropriat$ pursuant to !
 au?orization ( appropriations "u       
subsection 7a7 %all be available-- 7#a7 
to cov] ! co/ 7z def9$ 9 section #ejb ( 
! ,congressional ,budget ,act ( #aigd   
7#b ,u4,s4,c4 #ffa;a77 ( loans made by !
 ,secret>y ( ! ,treasury to ! ,pov]ty   
,r$uction & ,gr[? ,tru/ or o!r special  
purpose vehicle ( ! ,int]national       
,monet>y ,fund2 &  7#b7 to subsidize    
gross obligations = ! pr9cipal am\nt (  
direct loans n to exce$ #ae1jjj1jjj1jjj 
,special ,draw+ ,rights4  7c7           
,nonapplicability ( c]ta9 limitation    
,section #e7;f7 ( ! ,bretton ,woods     
,agreem5ts ,act 7#bb ,u4,s4,c4          
#bhf;c7f77 %all n apply to any loans    

made pursuant to ?is section to !       
,pov]ty ,r$uction & ,gr[? ,tru/ or o!r  
special purpose vehicle ( !             
,int]national ,monet>y ,fund on or be=e 
,septemb] #cj1 #bjca4  7d7 ,au?orization
 ( c]ta9 transactions ,! ,ex*ange       
,/abilization ,fund & ! f9anc+ acc\nt   
correspond+ to transactions ) !         
,int]national ,monet>y ,fund are        
au?oriz$ to ent] into su* transactions z
 are necess>y to effectuate loans made  
pursuant to ?is section & d5om9at$ 9    
,special ,draw+ ,rights to ! ,pov]ty    
,r$uction & ,gr[? ,tru/ or o!r special  
purpose vehicle ( ! ,int]national       
,monet>y ,fund4  #bcc4 ,cle>+ ,_w ,bank 
,gr\p arre>s ,n lat] ?an #cj days aft] !
 date ( ! enactm5t ( ?is ,act1 !        
,secret>y ( ! ,treasury %all provide !  
,_w ,bank ,gr\p ) all necess>y am\nts to
 address ! ,unit$ ,/ates arre>s 9       
contributions f fiscal ye>s #bjai &     
#bjbj4  #bcd4 #aj? g5]al capital        
increase = ! ,int]-,am]ican ,developm5t 
,bank  7a7 ,s5se ( congress ,x is ! s5se

 ( ,congress t-- 7#a7 ! spread (        
,,s>s-,co,v-#b1 ! virus t causes        
,,covid-#ai1 has _h a significant impact
 on economic1 social1 & humanit>ian     
conditions ?r\gh\t ,lat9 ,am]ica & !    
,c>ibbean2  7#b7 ! ,int]-,am]ican       
,developm5t ,bank is ! preem95t         
multilat]al developm5t bank d$icat$ to  
regional economic & social developm5t & 
! bett]m5t ( lives across ,lat9 ,am]ica 
& ! ,c>ibbean2  7#c7 ! ,bank has play$  
an integral role 9 support+ memb]       
c\ntries ) ! coord9ation & implem5tation
 ( policies to mitigate ! effects ( !   
,,covid-#ai p&emic1 ! ,v5ezuelan refugee
 & migration crisis1 & o!r crises 9 !   
,we/]n ,hemisph]e2  7#d7 a capital      
increase = ! ,bank w\ld greatly increase
 its capacity to provide f9anc+1        
in/itutional k1 & te*nical support to   
fo/] recov]y & inclusion initiatives    
betwe5 regional gov]nm5ts1 private      
sector entities1 & int]national         
organizations2 &  7#e7 ! ,unit$ ,/ates1 
z a f\nd+ memb] ( ! ,bank1 %\ld support 

a capital /ock increase to ensure !     
,bank is prep>$ to (f] additional       
support to memb] c\ntries sev]ely       
impact$ by ! ,,covid-#ai p&emic & o!r   
crises4  7b7 ,t5? g5]al capital increase
  7#a7 ,support = a g5]al capital       
increase ,! ,presid5t %all take /eps to 
support a t5? g5]al capital increase = !
 ,int]-,am]ican ,developm5t ,bank4  7#b7
 ,diplomatic engagem5t ,! ,presid5t %all
 advance diplomatic engagem5t to build  
support among memb] c\ntries ( ! ,bank =
 a t5? g5]al capital increase = ! ,bank 
9 ord] to /r5g!n ! capacity ( ! ,bank-- 
7,a7 to support ,lat9 ,am]ican &        
,c>ibbean c\ntries 9 _! ef=ts to address
 ! ,,covid-#ai p&emic & ! relat$        
economic impact2 &  7,b7 to advance     
inclusive economic & social developm5t 9
 ! ,am]icas4  7#c7 ,progress report ,n  
lat] ?an #de days aft] ! date ( !       
enactm5t ( ?is ,act1 ! ,presid5t %all   
submit to ! ,committee on ,=eign        
,relations ( ! ,s5ate & ! ,committee on 
,f9ancial ,s]vices ( ! ,h\se (          

,repres5tatives a report detail+ ef=ts  
to c>ry out p>agraphs 7#a7 & 7#b74  7#d7
 ,t5? capital increase ,! ,int]-,am]ican
 ,developm5t ,bank ,act 7#bb ,u4,s4,c4  
#bhc et seq47 is am5d$ by add+ at ! end 
! foll[+3  #db4 ,t5? capital increase   
7a7 ,vote au?oriz$ ,! ,unit$ ,/ates     
,gov]nor ( ! ,bank is au?oriz$ to vote 9
 favor ( a resolution to increase !     
capital /ock ( ! ,bank by               
#hj1jjj1jjj1jjj ov] a p]iod n to exce$  
#e ye>s4  7b7 ,subscription au?oriz$    
7#a7 ,9 g5]al ,! ,unit$ ,/ates ,gov]nor 
( ! ,bank may subscribe on behalf ( !   
,unit$ ,/ates to #a1iij1gad additional  
%>es ( ! capital /ock ( ! ,bank4  7#b7  
,limitation ,any subscription by !      
,unit$ ,/ates to ! capital /ock ( !     
,bank %all be effective only to su*     
ext5t & 9 su* am\nts z are provid$ 9    
advance 9 appropriations ,acts4  7c7    
,limitations on au?orization (          
appropriations  7#a7 ,9 g5]al ,9 ord] to
 pay = ! increase 9 ! ,unit$ ,/ates     
subscription to ! ,bank "u subsection   

7b71 !re is au?oriz$ to be appropriat$  
#bd1jad1heg1aia = paym5t by ! ,secret>y 
( ! ,treasury4  7#b7 ,allocation ( funds
 ,( ! am\nt au?oriz$ to be appropriat$  
"u p>agraph 7#a7-- 7,a7 #fjj1cga1dcj    
%all be = paid 9 %>es ( ! ,bank2 &  7,b7
 #bc1dad1dhe1gfa %all be = callable %>es
 ( ! ,bank4  4  7c7 ,support =          
environm5tal su/a9ability initiatives ( 
,int]-,am]ican ,developm5t ,bank  7#a7  
,s5se ( ,congress ,x is ! s5se (        
,congress t ! ,int]-,am]ican ,developm5t
 ,bank %\ld-- 7,a7 e/abli% its own      
environm5tal grant-mak+ & f9anc+        
facility 9 ord] to implem5t & exp&      
environm5tal policies1 metrics1 & /&>ds1
 to /r5g!n resili5ce & disa/]           
prep>$ness1 & to improve su/a9ability & 
cons]vation2 &  7,b7 cont9ue to /r5g!n  
environm5tal safegu>ds z an elem5t (    
economic developm5t 9 ! ,we/]n          
,hemisph]e4  7#b7 ,diplomatic engagem5t 
,! ,presid5t %all advance diplomatic    
engagem5t to build support among memb]  
c\ntries ( ! ,bank = ! creation ( an    

environm5tal fund & f9anc+ facility z "p
 ( ! t5? g5]al capital increase = !     
,bank4  #bce4 ,p>ticipation ( ,taiwan 9 
,int]-,am]ican ,developm5t ,bank  7a7   
,f9d+s ,congress makes ! foll[+ f9d+s3  
7#a7 ,! ,int]-,am]ican ,developm5t ,bank
 0 e/abli%$ 9 #aiei &-- 7,a7 is ! premi]
 multilat]al developm5t bank 9 ! ,we/]n 
,hemisph]e2  7,b7 is ! l>ge/ s\rce (    
developm5t f9anc+ = ,lat9 ,am]ica & !   
,c>ibbean2 &  7,c7 issu$ m ?an          
#adj1jjj1jjj1jjj 9 loans & grants betwe5
 #bjaa & #bjba4  7#b7 ,! ,int]-,am]ican 
,developm5t ,bank-- 7,a7 has #dh memb]  
/ates1 ( :i* #bf are borr[+ memb]s 9 !  
,lat9 ,am]ica & ! ,c>ibbean region2 &   
7,b7 con/itutes a critical =um = fo/]+  
collective action & meet+ %>$ regional  
*all5ges1 includ+ ,,covid-#ai recov]y & 
response4  7#c7 ,japan1 ! ,republic (   
,korea1 & ! ,p's ,republic ( ,*9a are   
among ! #bb non-borr[+1 non-,we/]n      
,hemisph]e memb]s ( ! ,int]-,am]ican    
,developm5t ,bank4  7#d7 ,taiwan-- 7,a7 
has be5 an obs]v] at ! ,int]-,am]ican   

,developm5t ,bank s9ce #aiia2  7,b7 has 
contribut$ to a specializ$ f9ancial     
int]m$i>y developm5t fund at ,,idb ,lab 
s9ce #bjjf2  7,c7 has be5 a non-regional
 memb] ( ! ,c5tral ,am]ican ,bank =     
,economic ,integration s9ce #aiib2  7,d7
 is a memb] ( ! ,asian ,developm5t      
,bank1 ! ,_w ,trade ,organization1 !    
,asia-,pacific ,economic ,coop]ation1 & 
! ,int]national ,*amb] ( ,comm]ce2 &    
7,e7 is a p>ticipant ( ! ,organisation =
 ,economic ,co-op]ation & ,developm5t's 
,competition ,committee1 its ,/eel      
,committee1 & its ,fi%]ies ,committee4  
7#e7 ,taiwan's economy is ! #g? l>ge/ 9 
,asia & ! #bj? l>ge/ 9 ! _w by pur*as+  
p[] p>ity4  7#f7 ,taiwan has be5 a model
 contributor ( =eign aid 9 ,lat9 ,am]ica
 & ! ,c>ibbean1 allocat+ betwe5 #cj     
p]c5t & #ej p]c5t ( its =eign aid budget
 to ,lat9 ,am]ica & ! ,c>ibbean4  7#g7  
,s9ce #bjaj1 ,taiwan's ,int]national    
,coop]ation & ,developm5t ,fund has     
fund$ #ie projects 9 ,c5tral ,am]ica1   
#fd projects 9 ! ,c>ibbean1 & #ba       

projects 9 ,s\? ,am]ica4  7#h7 ,taiwan  
has be5 a firm support] ( ,haiti z x    
confronts multiple simultane\s crises-- 
7,a7 by provid+ m ?an #ade1jjj1jjj 9    
f9anc+ to mod]nize ,haiti's electrical  
grid2  7,b7 by deliv]+ #bhj1jjj masks at
 ! height ( ! ,,covid-#ai p&emic2 &     
7,c7 by pl$g+ #ejj1jjj 9 disa/] relief  
imm$iately aft] ! ,augu/ #ad1 #bjba1    
e>?quake 9 ,haiti4  7#i7 ,accord+ to    
data f ! ,pan ,am]ican ,developm5t      
,f\ndation1 communities receiv+         
assi/ance f ,taiwan display increas$--  
7,a7 food security2  7,b7 income        
g5]ation2 &  7,c7 capacity to recov] f  
natural disa/]s4  7#aj7 ,taiwan has     
plac$ special emphasis on fo/]+         
developm5t 9 ,c5tral ,am]ica & 9 !      
,c>ibbean1 includ+ by sign+ ! ,agreem5t 
on ! ,republic ( ,*9a 7,taiwan7--,c5tral
 ,am]ica ,economic ,developm5t ,fund 9  
#aiih4  7#aa7 ,?r\gh its non-regional   
memb] /atus at ! ,c5tral ,am]ican ,bank 
= ,economic ,integration1 ,taiwan has   
provid$ #bff1gjj1jjj 9 f9ancial         

assi/ance to help ,c5tral ,am]ican      
c\ntries respond to ! ,,covid-#ai       
p&emic4 ,on ,april #bb1 #bjba1 ! ,c5tral
 ,am]ican ,bank = ,economic ,integration
 ann\nc$ ! op5+ ( its ,repres5tative    
,(fice 9 ,taiwan1 deep5+ inve/m5t ties  
betwe5 ,taiwan & ,c5tral ,am]ica4  7#ab7
 ,n9e c\ntries 9 ,lat9 ,am]ica & !      
,c>ibbean ma9ta9 diplomatic relations ) 
,taiwan1 & ,taiwan has #h repres5tative 
(fices 9 #g o!r c\ntries 9 ! region4    
7#ac7 ,s9ce #bjaf1 ! ,gov]nm5t ( ! ,p's 
,republic ( ,*9a has engag$ 9 aggressive
 economic diplomacy to compel ! )drawal 
( diplomatic recognition = ,taiwan1 mo/ 
notably 9 ,panama1 ! ,dom9ican          
,republic1 & ,el ,salvador1 all ( :i* h 
t]m9at$ long/&+ & productive diplomatic 
relation%ips ) ,taiwan & grant$         
diplomatic recognition to ! ,p's        
,republic ( ,*9a4  7#ad7 ,! ,gov]nm5t ( 
! ,p's ,republic ( ,*9a-- 7,a7 ann\nc$ a
 #a1ajj1jjj1jjj con/ruction project 9   
,panama on ! day t ,panama swit*$ f     
recogniz+ ,taiwan to recogniz+ ! ,p's   

,republic ( ,*9a z ! gov]nm5t ( ,*9a2 & 
7,b7 simil>ly (f]$ assi/ance packages to
 ! ,dom9ican ,republic & ,el ,salvador 9
 #bjah 9 ex*ange = ^? c\ntries ceas+ _! 
diplomatic recognition ( ,taiwan4  7#ae7
 ,taiwan's int]national engagem5t has   
fac$ increas$ resi/ance f ! ,gov]nm5t ( 
! ,p's ,republic ( ,*9a1 :i* has us$ its
 influ5ce to d5y ,taiwan's invitations  
to multilat]al =a4 ,= example1 ,taiwan 0
 n invit$ to ! #bjaf ,assembly ( !      
,int]national ,civil ,aviation          
,organization 7,,icao71 despite         
p>ticipat+ z a gue/ at ,,icao's #bjac   
summit4 ,taiwan's reque/s to p>ticipate 
9 ! ,g5]al ,assembly ( ! ,int]national  
,crim9al ,police ,organization 7commonly
 kn[n z ,,int]pol7 7 also reject$4      
7#af7 ,taiwan's inclusion 9 multilat]al 
organizations1 su* z ! ,int]-,am]ican   
,developm5t ,bank1 advances peace &     
/ability 9 ! _w & 9 ! ,we/]n ,hemisph]e 
specifically4  7#ag7 ,congress has      
demon/rat$ a long/&+ policy ( support+  
,taiwan's p>ticipation 9 int]national   

bodies t address %>$ transnational      
*all5ges by-- 7,a7 au?oriz+ ! ,secret>y 
( ,/ate1 9 ,public ,law #ajf-acg1       
,public ,law #ajg-aj1 & ,public ,law    
#ajh-bce1 to initiate a ,unit$ ,/ates   
plan = support+ ,taiwan's p>ticipation z
 an obs]v] 9 ! activities ( ! ,_w ,heal?
 ,organization2  7,b7 direct+ !         
,secret>y ( ,/ate1 9 ,public ,law       
#aac-ag1 to report on a /rategy to obta9
 obs]v] /atus = ,taiwan at !            
,int]national ,civil ,aviation          
,organization ,assembly2 &  7,c7 direct+
 ! ,secret>y ( ,/ate1 9 ,public ,law    
#aad-aci1 to develop a /rategy to obta9 
obs]v] /atus = ,taiwan at ! ,,int]pol   
,assembly4  7#ah7 ,despite ^! ef=ts1    
,taiwan has n receiv$ an invitation to  
att5d z an obs]v] any ( ! ev5ts ( !     
int]national organizations ref]r$ to 9  
p>agraph 7#ag7 s9ce #bjaf4  7b7 ,s5se ( 
congress ,x is ! s5se ( ,congress t--   
7#a7 ! ,unit$ ,/ates fully supports     
,taiwan's p>ticipation 91 & contribution
 to1 int]national organizations &       

und]scores ! importance ( ! relation%ip 
betwe5 ,taiwan & ! ,unit$ ,/ates2  7#b7 
div]sify+ ! ,int]-,am]ican ,developm5t  
,bank's donor base & increas+ ally      
engagem5t 9 ! ,we/]n ,hemisph]e re9=ces 
,unit$ ,/ates national int]e/s2  7#c7   
,taiwan's significant contribution to ! 
developm5t & economies ( ,lat9 ,am]ica &
 ! ,c>ibbean demon/rate t ,taiwan's     
memb]%ip 9 ! ,int]-,am]ican ,developm5t 
,bank z a non-borr[+ memb] w\ld b5efit !
 ,bank & ! entire ,lat9 ,am]ican &      
,c>ibbean region2 &  7#d7 non-borr[+    
memb]%ip 9 ! ,int]-,am]ican ,developm5t 
,bank w\ld all[ ,taiwan to sub/antially 
lev]age & *annel ! imm5se res\rces      
,taiwan already provides to ,lat9       
,am]ica & ! ,c>ibbean to rea* a l>g]    
numb] ( b5efici>ies4  7c7 ,plan = !     
p>ticipation ( taiwan 9 ! int]-,am]ican 
developm5t bank ,! ,secret>y ( ,/ate1 9 
coord9ation ) ! ,secret>y ( ! ,treasury1
 is au?oriz$-- 7#a7 to initiate a ,unit$
 ,/ates plan to endorse non-borr[+      
memb]%ip 9 ! ,int]-,am]ican ,developm5t 

,bank = ,taiwan2 &  7#b7 to in/ruct !   
,unit$ ,/ates ,gov]nor ( ! ,bank to "w )
 ! ,bo>d ( ,gov]nors ( ! ,bank to admit 
,taiwan z a non-borr[+ memb] ( ! ,bank4 
7d7 ,report conc]n+ memb] /ate /atus =  
taiwan at ! ,int]-,am]ican ,developm5t  
,bank ,n lat] ?an #ij days aft] ! date (
 ! enactm5t ( ?is ,act1 & n lat] ?an    
,april #a ( ea* ye> !reaft]1 ! ,secret>y
 ( ,/ate1 9 coord9ation ) ! ,secret>y ( 
! ,treasury1 %all submit an unclassifi$ 
report to ! ,committee on ,=eign        
,relations ( ! ,s5ate & ! ,committee on 
,=eign ,affairs ( ! ,h\se (             
,repres5tatives t-- 7#a7 describes !    
,unit$ ,/ates plan to endorse & obta9   
non-borr[+ memb]%ip /atus = ,taiwan at !
 ,int]-,am]ican ,developm5t ,bank2  7#b7
 includes an acc\nt ( ! ef=ts t !       
,secret>y ( ,/ate & ! ,secret>y ( !     
,treasury h made to enc\rage memb] /ates
 ( ! ,bank to promote ,taiwan's bid to  
obta9 non-borr[+ memb]%ip at ! ,bank2 & 
7#c7 id5tifies ! /eps t ! ,secret>y (   
,/ate & ! ,secret>y ( ! ,treasury w take

 to endorse & obta9 non-borr[+ memb]%ip 
/atus = ,taiwan at ! ,bank 9 ! foll[+   
ye>4  #bcf4 ,increas$ ,unit$ ,/ates     
coop]ation ) ,asia-,pacific ,economic   
,coop]ation ,! ,secret>y ( ,/ate %all   
pursue ! foll[+ objectives at !         
,asia-,pacific ,economic ,coop]ation    
=um3 7#a7 ,improv+ effici5cy 9 supply   
*a9s1 p>ticul>ly semi-conductor supply  
*a9s4  7#b7 ,enc\rag+ cont9u$           
public-private dialogues ) policymak]s &
 promot+ a common set ( te*nology /&>ds1
 includ+ ! possibility ( a digital trade
 agreem5t4  7#c7 ,promot+ ! developm5t &
 use ( policy recomm5dations = gov]nm5ts
 to support rese>* & developm5t ( clean 
en]gy 7bo? r5ewable & non-r5ewable7 &   
adopt+ robu/ clean en]gy /&>ds4  7#d7   
,advanc+ coop]ation t r$uces b>ri]s to  
cross-bord] inve/m5t into em]g+ & gr[+  
m>kets4  7#e7 ,improv+ cyb]security 9 ! 
,asia-,pacific region & develop+ tools =
 gov]nm5ts to combat cyb] ?reats1       
includ+ ransomw>e1 dis9=mation1 & cyb]  
hacks4  ,e ,resili5ce  #bda4 ,s5se (    

,congress reg>d+ ,unit$ ,/ates lead]%ip 
9 recov]y & resili5cy ,x is ! s5se (    
,congress t ! ,unit$ ,/ates mu/ ex]cise 
lead]%ip 9 ! int]national community's   
response to ! ,,covid-#ai p&emic reg>d+ 
public heal? & economic recov]y &       
resili5cy1 includ+ by-- 7#a7 lev]ag+    
multilat]al =a1 su* z ! ,gr\p ( ,sev5   
7,g#g7 & ! ,gr\p ( ,tw5ty 7,g#bj71 :i*  
con/itute m ?an #cj p]c5t & #gj p]c5t ( 
! global economy1 respectively1 to      
coord9ate an effective int]national     
response to p]si/5t economic issues     
relat$ to supply *a9s1 inflation1 &     
inequality2  7#b7 revitaliz+ ! ,unit$   
,nations & its associat$ in/itutions to 
coord9ate & facilitate int]national     
initiatives t-- 7,a7 promote global     
heal? & economic security2 &  7,b7 build
 resili5ce to pres5t & =eca/$ %ocks &   
/resses t imp$e economic gr[? or trigg]1
 contribute to1 result 91 or cause      
backslid+2  7#c7 emp[]+ l-m9d$ allies & 
p>tn]s to lev]age _! respective /r5g?s &
 assume great] responsibilities 9 su*   

int]national =a & in/itutions2  7#d7    
cont9u+ to fund & f9ance int]national   
initiatives1 su* z ,,covax1 to provide &
 di/ribute life-sav+ vacc9ations &      
m$ical treatm5ts = ,,covid-#ai2  7#e7   
promot+ an equitable int]national       
economic recov]y t promotes build+      
develop+ c\ntries' resili5ce capacities 
to address endur+ disp>ities & *all5ges 
fac+ l[] & middle income c\ntries 9     
addition to m rec5t *all5ges relat$ to  
high-levels ( global inflation & m>ket  
volatility2 &  7#f7 support+ an         
imp>tial1 indep5d5t1 & int]national     
inve/igation into ! orig9s ( !          
,,covid-#ai p&emic to d]ive lessons     
le>n$ & prev5t simil> int]national      
disa/]s 9 ! future4  #bdb4 ,s5se (      
,congress reg>d+ improv+ resili5ce      
capacities ?r\gh =eign assi/ance ,x is !
 s5se ( ,congress t ,unit$ ,/ates =eign 
assi/ance & developm5t f9ance mu/ bett] 
suit its =eign assi/ance & developm5t   
f9ance in/itutions to improve global    
resili5ce capacities & mitigate ! h>mful

 effects ( int]national %ocks & /resses1
 includ+ by-- 7#a7 equipp+ p1           
in/itutions1 & int]national sy/ems ) !  
tools & res\rces necess>y to avoid1 cope
 )1 & recov] f mod]n ?reats1 su* z      
p&emic diseases1 climate *ange1 &       
extreme wea!r1 cyb]security compromises1
 & supply *a9 disruptions2  7#b7 p>tn]+ 
) o!r c\ntries to bett] assess _!       
vuln]abilities & risks to int]national  
%ocks & id5tify+ su/a9able /rategies =  
mitigat+ risk & improv+ resili5ce2  7#c7
 prioritiz+ fund+ = =eign assi/ance &   
developm5t f9ance initiatives t seek to 
prev5t1 respond & r$uce risks (         
int]national %ocks2  7#d7 exp&+ =eign   
capacity build+ initiatives 9 law       
en=cem5t1 public heal?1 cyb]security1   
food & en]gy security2  7#e7 /r5g!n+    
in/itutions t facilitate economic       
coop]ation & transp>5cy 9 times (       
int]national crisis & unc]ta9ty2 &  7#f7
 provid+ support = c\ntries to /r5g!n   
dome/ic res\rce mobilization & access to
 effective & equitable developm5t f9ance

 9 ord] to r$uce dep5d5ce on =eign      
assi/ance4  #bdc4 ,(fice ( ,economic    
,resili5cy ,section #a ( ! ,/ate        
,dep>tm5t ,basic ,au?orities ,act (     
#aief 7#bb ,u4,s4,c4 #bfea;a7 is am5d$--
 7#a7 by r$esignat+ subsection 7h7 7z   
add$ by section #cfa ( ,public ,law     
#aaf-bfj7 z subsection 7k72 &  7#b7 by  
add+ at ! end ! foll[+3  7l7 ,(fice (   
,economic ,resili5cy  7#a7 ,9 g5]al ,!re
 is e/abli%$1 )9 ! ,bureau ( ,economic &
 ,bus9ess ,affairs ( ! ,dep>tm5t (      
,/ate1 ! ,(fice ( ,economic ,resili5cy  
79 ?is subsection ref]r$ to z ! ,(fice74
  7#b7 ,function ,! ,(fice1 "u !        
direction ( ! ,assi/ant ,secret>y = !   
,bureau ( ,economic & ,bus9ess ,affairs1
 %all lead ,unit$ ,/ates' ef=ts to      
develop & implem5t cr$ible national     
action plans ) p>tn] c\ntries aim$ at   
detect+1 und]/&+1 prev5t+ impacts (1 &  
respond+ to pres5t & =eca/$ %ocks &     
/resses t are de/abiliz+ to c\ntries'   
national security & economic gr[?1      
includ+ epidemics1 p&emics1 natural     

disa/]s1 & o!r de/abiliz+ ev5ts4  4     
#bdd4 ,e/abli%m5t ( ,resili5ce ,tru/    
,fund at ! ,_w ,bank ,! ,unit$ ,/ates   
,executive ,director to ! ,_w ,bank %all
 use ! voice & vote ( ! ,unit$ ,/ates to
 advocate = ! e/abli%m5t ( a multi-donor
 tru/ fund to inc5tivize c\ntries to    
develop & implem5t cr$ible national     
action plans aim$ at prev5t+1 detect+1 &
 respond+ to epidemics1 p&emics1 & o!r  
global de/abiliz+ ev5ts4