,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #fcjg  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,novemb] #h1 #bjbc,mr4
 ,nunn ( ,i[a 7= himself & ,ms4         
,spanb]g]7 introduc$ ! foll[+ bill2 :i* 
0 ref]r$ to ! ,committee on ,=eign      
,affairs1 & 9 addition to ! ,committees 
on ,f9ancial ,s]vices1 ,intellig5ce     
7,p]man5t ,select71 & ,ov]sight &       
,acc\ntability1 = a p]iod to be         
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to prohibit c]ta9  
actions & require report+ to def5d aga9/
 ! economic & national security risks   
pos$ by =eign adv]s>ial block*a9        
networks1 & = o!r purposes4  #a4 ,%ort  
title ,?is ,act may be cit$ z ! ,creat+ 
,legal ,acc\ntability = ,rogue          
,innovators & ,te*nology ,act ( #bjbc or
 ! ,,cl>ity ,act ( #bjbc4  #b4 ,f9d+s2  
s5se ( ,congress  7a7 ,f9d+s ,congress  
f9ds ! foll[+3 7#a7 ,block*a9 s]vice    
activities by gov]nm5ts & organizations 

t are adv]s>ies ( ! ,unit$ ,/ates c     
create risks to ! economic1 national    
security & =eign policy int]e/s ( !     
,unit$ ,/ates4  7#b7 ,! ,block*a9-bas$  
,s]vices ,network ( ! ,p's ,republic (  
,*9a1 & unregulat$1 self-proclaim$      
supra-national companies pose risks to !
 national security & =eign policy       
int]e/s ( ! ,unit$ ,/ates4  7b7 ,s5se ( 
,congress ,x is ! s5se ( ,congress t !  
developm5t ( a ,f$]al ,gov]nm5t /rategy 
to protect ! ,unit$ ,/ates f risks      
creat$ f ! ,block*a9-bas$ ,s]vices      
,network ( ! ,p's ,republic ( ,*9a & o!r
 =eign adv]s>ial block*a9 network       
infra/ructure is ess5tial to ! national 
security & economic security ( ! ,unit$ 
,/ates4  #c4 ,prohibitions relat+ to    
cov]$ di/ribut$ l$g] te*nology &        
block*a9 equipm5t or s]vices  7a7       
,prohibition on acquisition ,no head (  
an executive ag5cy may acquire1 or ent] 
into1 ext5d1 or r5ew a contract or o!r  
agreem5t =1 any equipm5t1 sy/em1 or     
s]vice t uses cov]$ di/ribut$ l$g]      

te*nology & block*a9 equipm5t or s]vices
 z a sub/antial or ess5tial compon5t (1 
or critical te*nology z "p (1 su*       
equipm5t1 sy/em1 or s]vice4  7b7        
,prohibition on loan & grant funds  7#a7
 ,prohibition ,no head ( an executive   
ag5cy may obligate or exp5d loan or     
grant funds to acquire1 or ent] into1   
ext5d1 or r5ew a contract or o!r        
agreem5t =1 an equipm5t1 sy/em1 or      
s]vice describ$ 9 subsection 7a74  7#b7 
,prioritization ,9 implem5t+ !          
prohibition "u p>agraph 7#a71 ! heads ( 
executive ag5cies adm9i/]+ loan1 grant1 
or subsidy programs1 includ+ ! ,secret>y
 ( ,homel& ,security & ! ,secret>y (    
,comm]ce1 %all prioritize available     
fund+ & te*nical support to assi/       
affect$ bus9esses1 in/itutions1 &       
organizations z is reasonably necess>y =
 ^? affect$ entities to transition f    
cov]$ di/ribut$ l$g] te*nology &        
block*a9 equipm5t or s]vices1 to acquire
 replacem5t equipm5t & s]vices1 & to    
ensure t communications s]vice to us]s &

 cu/om]s is su/a9$4  7c7 ,rule (        
con/ruction ,no?+ 9 subsection 7a7 or   
7b7 %all be con/ru$ to-- 7#a7 prohibit !
 head ( an executive ag5cy f acquir+ f  
an entity1 or ent]+ into1 ext5d+1 or    
r5ew+ a contract or o!r agreem5t ) an   
entity =1 a s]vice t connects to !      
facilities ( a ?ird p>ty1 su* z block*a9
 protocols1 or int]connection           
arrangem5ts2 or  7#b7 cov] wireless     
telecommunications equipm5t or ?ird-p>ty
 validators t _c r\te or r$irect us]    
data traffic or p]mit visibility into   
any us] data or packets t su* equipm5t  
transmits or o!rwise h&les4  7d7        
,effective date ,! prohibitions "u      
subsections 7a7 & 7b7 %all take effect  
on ! date t is #b ye>s aft] ! date ( !  
enactm5t ( ?is ,act4  7e7 ,waiv]        
au?ority  7#a7 ,executive ag5cies       
,except z provid$ 9 p>agraph 7#b71      
beg9n+ on ! effective date "u subsection
 7d71 ! head ( an executive ag5cy may1 =
 a p]iod ( n m ?an #b ye>s p] waiv]1    
issue a waiv] ( ! requirem5ts "u        

subsection 7a7 ) respect to an entity t 
reque/s su* a waiv]4 ,! waiv] may be    
provid$ only if ! entity seek+ ! waiv]--
 7,a7 provides a compell+ ju/ification =
 ! additional "t to implem5t !          
requirem5ts "u su* subsection1 z det]m9$
 by ! head ( ! executive ag5cy2 &  7,b7 
submits to ! head ( ! executive ag5cy1  
:o %all n lat] ?an #cj days !reaft]     
submit to ! appropriate congressional   
committees1 a full & complete layd[n ( !
 pres5ces ( cov]$ di/ribut$ l$g]        
te*nology & block*a9 equipm5t or s]vices
 9 ! entity's supply *a9 & a phase-out  
plan to elim9ate su* cov]$ di/ribut$    
l$g] te*nology & block*a9 equipm5t or   
s]vices4  7#b7 ,elem5ts ( ! intellig5ce 
community ,beg9n+ on ! effective date "u
 subsection 7d71 ea* head ( an elem5t ( 
! intellig5ce community may waive !     
requirem5ts "u subsection 7a7 if su*    
head det]m9es ! waiv] is 9 ! national   
security int]e/s ( ! ,unit$ ,/ates4  #d4
 ,reports to def5d aga9/ risks pos$ by  
cov]$ di/ribut$ l$g] te*nology &        

block*a9 equipm5t or s]vices  7a7 ,9    
g5]al ,n lat] ?an #ahj days aft] ! date 
( ! enactm5t ( ?is ,act1 & annually     
!reaft]1 ! ,secret>y ( ! ,treasury1 !   
,secret>y ( ,/ate1 & ! ,director (      
,national ,intellig5ce %all jo9tly1 & 9 
consultation ) ! (ficials specifi$ 9    
subsection 7b71 submit to ,congress a   
report t includes ! foll[+3 7#a7 ,a     
description ( int]ag5cy policies &      
proc$ures to def5d ! ,unit$ ,/ates      
f9ancial m>kets1 ,unit$ ,/ates          
sanctions1 ,unit$ ,/ates bus9ess int]e/s
 9 ! ,p's ,republic ( ,*9a1 & global    
supply *a9s f ! economic & national     
security risks pos$ by cov]$ di/ribut$  
l$g] te*nology & block*a9 equipm5t or   
s]vices4  7#b7 ,a description (         
comm]cial & public adm9i/ration         
activities us$ by ! ,gov]nm5t ( ! ,p's  
,republic ( ,*9a & ! ,*9ese ,communi/   
,p>ty involv+ ! entities li/$ "u        
subp>agraphs 7,a7 ?r\gh 7,e7 ( section  
#g7b71 includ+ milit>ization1           
indu/rialization1 int]national trade1 & 

o!r comm]cial activity4  7#c7 ,an       
assessm5t ( ! =eign policy & national   
security risks to ! ,unit$ ,/ates relat+
 to transactions us+ cov]$ di/ribut$    
l$g] te*nology & block*a9 equipm5t or   
s]vices1 includ+ circumv5tion ( ,unit$  
,/ates & int]national sanctions1 includ+
 ?r\gh ! ,society = ,worldwide ,int]bank
 ,f9ancial ,telecommunication 7commonly 
kn[n z ,,swift7 paym5ts sy/em4  7#d7 ,an
 assessm5t ( data collection1           
cyb]security risks1 & ! use ( data t    
involves ,unit$ ,/ates p]sons by !      
,gov]nm5t ( ! ,p's ,republic ( ,*9a & ! 
,*9ese ,communi/ ,p>ty involv+          
transactions relat+ to cov]$ di/ribut$  
l$g] te*nology & block*a9 equipm5t or   
s]vices ( ! ,p's ,republic ( ,*9a4  7#e7
 ,an assessm5t ( ! use ( cov]$ di/ribut$
 l$g] te*nology & block*a9 equipm5t or  
s]vices to collect data z "p ( ! social 
cr$it sy/em ( ! ,p's ,republic ( ,*9a4  
7#f7 ,an assessm5t ( ! impact & national
 security risks ( cov]$ di/ribut$ l$g]  
te*nology & block*a9 equipm5t or s]vices

 on data collection1 cross-bord]        
paym5ts1 & economic integration1 includ+
 ) respect to c\ntries p>ticipat+ 9 !   
,belt & ,road ,initiative ( ! ,p's      
,republic ( ,*9a4  7#g7 ,an assessm5t ( 
! impact ( cov]$ di/ribut$ l$g]         
te*nology & block*a9 equipm5t or s]vices
 on ! ,unit$ ,/ates block*a9 te*nology &
 di/ribut$ l$g] te*nology indu/ries1 to 
include an assessm5t ( its comm]cial    
adoption globally & its integration )   
o!r sm>t city te*nologies 9 ! ,unit$    
,/ates & int]nationally4  7#h7 ,an      
assessm5t ( ! te*nologies1 sy/em        
ar*itectures1 & protocols und]p9n+ cov]$
 di/ribut$ l$g] te*nology & block*a9    
equipm5t or s]vices1 & recomm5dations ) 
respect to /r5g!n+ export controls =    
,unit$ ,/ates te*nologies relat+ to !   
developm5t & implem5tation ( cov]$      
di/ribut$ l$g] te*nology & block*a9     
equipm5t or s]vices4  7#i7 ,an assessm5t
 ( ! impact ( cov]$ di/ribut$ l$g]      
te*nology & block*a9 equipm5t or s]vices
 on int]national illicit f9ance4  7#aj7 

,an assessm5t ( ! impact ( cov]$        
di/ribut$ l$g] te*nology & block*a9     
equipm5t or s]vices on global trade1    
inve/m5t1 & o!r activities & h[ increas$
 use ( cov]$ di/ribut$ l$g] te*nology & 
block*a9 equipm5t or s]vices may affect 
! /atus & future ( ! ,unit$ ,/ates doll>
 z ! _w res]ve curr5cy4  7#aa7 ,an      
assessm5t ( h[ cov]$ di/ribut$ l$g]     
te*nology & block*a9 equipm5t or s]vices
 fit into ! national security & economic
 objectives ( ! ,p's ,republic ( ,*9a & 
! ,*9ese ,communi/ ,p>ty1 along ) o!r   
=eign adv]s>ies4  7#ab7 ,an assessm5t ( 
coord9ation betwe5 ! ,unit$ ,/ates &    
allies ( ! ,unit$ ,/ates ) respect to ! 
national security risks & be/ practices 
relat+ to cov]$ di/ribut$ l$g] te*nology
 & block*a9 equipm5t or s]vices4  7#ac7 
,any o!r recomm5dations ( ! ,secret>y ( 
,treasury1 ! ,secret>y ( ,/ate1 or !    
,director ( ,national ,intellig5ce      
reg>d+ ! =eign policy & national        
security implications ( cov]$ di/ribut$ 
l$g] te*nology & block*a9 equipm5t or   

s]vices4  7b7 ,(ficials specifi$ ,!     
(ficials specifi$ 9 ?is subsection      
include ! foll[+3 7#a7 ,! ,secret>y (   
,def5se4  7#b7 ,! ,secret>y ( ,comm]ce4 
7#c7 ,! ,unit$ ,/ates ,trade            
,repres5tative4  7#d7 ,! ,attorney      
,g5]al4  7#e7 ,! ,*airman ( ! ,bo>d (   
,gov]nors ( ! ,f$]al ,res]ve ,sy/em4    
7#f7 ,! ,director ( ! ,national         
,in/itute ( ,/&>ds & ,te*nology & ! ,"u 
,secret>y ( ,comm]ce = ,/&>ds &         
,te*nology4  7#g7 ,! ,"u ,secret>y (    
,comm]ce = ,indu/ry & ,security ( !     
,unit$ ,/ates4  7c7 ,=m ,ea* report     
requir$ by subsection 7a7 may be        
submitt$ 9 classifi$ =m1 b if s submitt$
 %all include an unclassifi$ executive  
summ>y4  #e4 ,recomm5dations = ,congress
 ,n lat] ?an #ij days aft] ea* date on  
:i* a report is submitt$ "u section #d1 
! ,secret>y ( ! ,treasury1 ! ,secret>y (
 ,/ate1 & ! ,director ( ,national       
,intellig5ce %all jo9tly submit to      
,congress a set ( recomm5dations t      
conta9-- 7#a7 a li/ ( exi/+ en=cem5t    

actions t may be us$ to def5d ! ,unit$  
,/ates f risks id5tifi$ 9 ! report2 &   
7#b7 an action-item plan on /eps        
,congress may take to address su* risks4
  #f4 ,report on malign entities 9      
block*a9 & di/ribut$ l$g] te*nology     
indu/ry  7a7 ,report ,n lat] ?an #ahj   
days aft] ! date ( ! enactm5t ( ?is     
,act1 & annually !reaft]1 ! ,secret>y ( 
! ,treasury1 ! ,secret>y ( ,/ate1 & !   
,director ( ,national ,intellig5ce %all 
jo9tly1 & 9 consultation ) ! (ficials   
specifi$ 9 section #e7;b71 submit to    
,congress a report t includes ! foll[+3 
7#a7 ,a li/ ( c\ntries1 proxies1 firms1 
& te*nologies t are malign 9 ! block*a9 
& di/ribut$ l$g] te*nology indu/ry4     
7#b7 ,a description ( :at h>ms su*      
c\ntries1 proxies1 firms1 & te*nologies 
cause to ,unit$ ,/ates int]e/s &        
sanctions en=cem5t1 ! use ( ! ,unit$    
,/ates doll>1 & int]national anti-money 
laund]+ & c\nt]+ ! f9anc+ ( t]rorism    
/&>ds4  7#c7 ,a description ( :at       
mitigat+ /rategies ! ,unit$ ,/ates may  

use to c\nt] su* h>ms4  7#d7            
,recomm5dations on h[ to add to or      
modify ! li/ ( cov]$ di/ribut$ l$g]     
te*nology & block*a9 equipm5t or s]vices
 9 ord] to capture new networks t em]ge 
f =eign adv]s>ies4  7b7 ,=m ,! report   
requir$ by subsection 7a7 may be        
submitt$ 9 classifi$ =m1 b if s submitt$
 %all include an unclassifi$ executive  
summ>y4  #g4 ,def9itions ,9 ?is ,act3   
7#a7 ,appropriate congressional         
committees ,! t]m appropriate           
congressional committees' means-- 7,a7 !
 ,committee on ,bank+1 ,h\s+1 & ,urban  
,affairs1 ! ,committee on ,=eign        
,relations1 & ! ,committee on ,homel&   
,security & ,gov]nm5tal ,affairs ( !    
,s5ate2 &  7,b7 ! ,committee on         
,f9ancial ,s]vices1 ! ,committee on     
,=eign ,affairs1 ! ,committee on        
,intellig5ce1 & ! ,committee on         
,ov]sight & ,gov]nm5t ,re=m ( ! ,h\se ( 
,repres5tatives4  7#b7 ,cov]$ di/ribut$ 
l$g] te*nology & block*a9 equipm5t or   
s]vices ,! t]m cov]$ di/ribut$ l$g]     

te*nology & block*a9 equipm5t or s]vices
 means di/ribut$ l$g] te*nology &       
block*a9 equipm5t or s]vices ( or       
orig9at+ f a =eign adv]s>y1 includ+ any 
( ! foll[+ p>5t companies or subsidi>ies
 !re(3 7,a7 ,! ,block*a9-bas$ ,s]vices  
,network4  7,b7 ,! ,sp>tan ,network4    
7,c7 ,! ,conflux ,network4  7,d7        
i,finex1 ,inc4  7,e7 ,r$ ,date          
,te*nology ,co41 ,ltd4  7#c7 ,executive 
ag5cy ,! t]m executive ag5cy has ! mean+
 giv5 ! t]m 9 section #acc ( title #da1 
,unit$ ,/ates ,code4  7#d7 ,=eign       
adv]s>y ,! t]m =eign adv]s>y has ! mean+
 giv5 su* t]m 9 section #g4b ( title    
#ae1 ,code ( ,f$]al ,regulations4  7#e7 
,intellig5ce community ,! t]m           
intellig5ce community has ! mean+ giv5 !
 t]m 9 section #c ( ! ,national         
,security ,act ( #aidg 7#ej ,u4,s4,c4   
#cjjc74