,,ii  #aah? ,,congress  #a/ ,session    
,s4 #adhc  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #i1 #bjbc,mr4     
,rubio 7= himself1 ,mr4 ,cornyn1 ,mrs4  
,blackburn1 ,mr4 ,braun1 & ,mr4 ,wick]7 
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,comm]ce1 ,sci5ce1 & ,transportation  ,a
 ,,bill  ,to prohibit ! pur*ase ( c]ta9 
telecommunications or a]ospace goods or 
s]vice f entities affiliat$ ) ! ,p's    
,republic ( ,*9a or ! ,russian ,f$]ation
 & to require report+ relat+ to inve/m5t
 by =eign p]sons 9 ! a]ospace indu/ry 9 
! ,unit$ ,/ates1 & = o!r purposes4  #a4 
,%ort title ,?is ,act may be cit$ z !   
,space ,protection ( ,am]ican ,comm& &  
,ent]prise ,act or ! ,,space ,act4  #b4 
,def9itions ,9 ?is ,act3 7#a7 ,c]ta9    
telecommunications & a]ospace goods or  
s]vice ,! t]m c]ta9 telecommunications &
 a]ospace goods or s]vice means any     
equipm5t1 h>dw>e or s(tw>e1 & s]vices   
design$ specifically to be us$ 9-- 7,a7 
(f]+ telecommunications1 z def9$ 9      

section #c ( ! ,communications ,act (   
#aicd 7#dg ,u4,s4,c4 #aec72 or  7,b7 !  
design1 developm5t1 & mak+ ( aircraft1  
spacecraft1 & rockets4  7#b7 ,cov]$     
entity ,! t]m cov]$ entity means an     
entity-- 7,a7 t is a ,unit$ ,/ates      
bus9ess2 &  7,b7 ! bus9ess ( :i* relates
 to exploration1 manufactur+1           
telecommunications1 or national security
 activities involv+ space4  7#c7 ,=eign 
p]son ,! t]m =eign p]son means a p]son t
 is n a ,unit$ ,/ates p]son4  7#d7      
,unit$ ,/ates p]son ,! t]m ,unit$ ,/ates
 p]son means-- 7,a7 a ,unit$ ,/ates     
citiz5 or an ali5 lawfully admitt$ to ! 
,unit$ ,/ates = p]man5t resid5ce2 &     
7,b7 an entity organiz$ "u ! laws ( !   
,unit$ ,/ates or any jurisdiction )9 !  
,unit$ ,/ates 7includ+ any =eign bran* (
 su* an entity74  #c4 ,report on space  
inve/m5t competition f ! ,p's ,republic 
( ,*9a & ! ,russian ,f$]ation  7a7 ,9   
g5]al ,n lat] ?an #ahj days aft] ! date 
( ! enactm5t ( ?is ,act1 ! ,national    
,space ,c\ncil %all submit to ,congress 

a report on space inve/m5t competition f
 ! ,p's ,republic ( ,*9a & ! ,russian   
,f$]ation4  7b7 ,elem5ts ,! report      
requir$ by subsection 7a7 %all include !
 foll[+3 7#a7 ,a description ( comm]cial
 inve/m5t activities us$ by ! ,p's      
,republic ( ,*9a & ! ,russian ,f$]ation 
to produce te*nologies & devices = space
 activities & programs1 includ+-- 7,a7  
laun* vehicles & te*nologies2  7,b7     
satellites & telecommunications equipm5t
 & s]vices2  7,c7 mann$ space%ips1 c>go 
space%ips1 deep space explor]s1 & space 
/ations2  7,d7 nucle> missiles1         
conv5tional gr\nd-to-gr\nd missiles1 &  
air & missile def5se equipm5t2  7,e7    
space & z]o-gravity manufactur+2  7,f7  
space-bas$ preci\s m9]als excavation &  
exploration te*nologies2  7,g7          
space-bas$ sol> p[] te*nologies2 &  7,h7
 any o!r critical te*nologies & inve/m5t
 activities z det]m9$ by ! ,national    
,space ,c\ncil1 p>ticul>ly activities   
conduct$ by-- 7i7 ,*9a ,a]ospace ,sci5ce
 & ,indu/ry ,corporation ,limit$2  7ii7 

,*9a ,a]ospace ,sci5ce & ,te*nology     
,corporation2  7iii7 ! ,*9a ,national   
,space ,adm9i/ration2  7iv7 ! ,bei,dou  
,satellite ,navigation ,exp]im5tal      
,sy/em2  7v7 ! ,gov]nm5t ( ! ,p's       
,republic ( ,*9a2 or  7vi7 ! ,p's       
,lib]ation ,army4  7#b7 ,an assessm5t ( 
milit>y-civil fusion activities 9 ! ,p's
 ,republic ( ,*9a & ! ,russian ,f$]ation
 reg>d+ space-relat$ inve/m5ts1         
includ+-- 7,a7 conv]t+ space-relat$     
te*nologies & res\rces to civilian      
entities2  7,b7 increas+ comm]cial      
ent]prise p>ticipation 9 space-relat$   
inve/m5ts2 &  7,c7 us+ inve/m5t vehicles
 affiliat$ ) ! ,p's ,republic ( ,*9a or 
! ,russian ,f$]ation to acquire critical
 te*nologies 9 o!r c\ntries4  7#c7 ,an  
assessm5t ( & recomm5dation to /r5g!n ! 
ability ( ! ,unit$ ,/ates to protect !  
intellectual prop]ty & critical         
te*nologies ( ! ,unit$ ,/ates reg>d+    
space-relat$ inve/m5ts f export1        
transf]1 & =eign !ft or imitation1      
p>ticul>ly f entities affiliat$ ) !     

,gov]nm5t ( ! ,p's ,republic ( ,*9a or !
 ,gov]nm5t ( ! ,russian ,f$]ation4  7#d7
 ,a review & assessm5t ( ! rese>*1      
te*nology1 & comm]cial ties betwe5 !    
,unit$ ,/ates & ! ,p's ,republic ( ,*9a 
& ! ,russian ,f$]ation reg>d+           
space-relat$ inve/m5ts to assess        
exposure & risks t may contribute to !  
developm5t or enhancem5t ( ! space      
capabilities ( ! ,p's ,republic ( ,*9a &
 ! ,russian ,f$]ation4  7#e7 ,an        
int]ag5cy /rategy-- 7,a7 to def5d supply
 *a9s ( ! ,unit$ ,/ates t are critical  
to competitiv5ess 9 space2 &  7,b7 to   
ensure t ! ,unit$ ,/ates rema9s !       
preem95t comm]cial lead] 9 ! global     
space indu/ry4  #d4 ,prohibition on use 
( funds to pur*ase c]ta9                
telecommunications or a]ospace goods or 
s]vice f entities associat$ ) !         
,gov]nm5t ( ! ,p's ,republic ( ,*9a or !
 ,communi/ ,p>ty ( ,*9a ,no funds made  
available to ! ,dep>tm5t ( ,comm]ce or !
 ,national ,a]onautics & ,space         
,adm9i/ration may be us$ to pur*ase or  

lease c]ta9 telecommunications or       
a]ospace goods or s]vice f any          
telecommunications or a]ospace          
corporation1 subsidi>y1 or affiliate    
associat$ ) any ( ! foll[+3 7#a7 ,!     
,gov]nm5t ( ! ,p's ,republic ( ,*9a4    
7#b7 ,! ,communi/ ,p>ty ( ,*9a4  7#c7 ,!
 ,p's ,lib]ation ,army4  7#d7 ,! ,*9a   
,national ,space ,adm9i/ration4  7#e7   
,*9a ,a]ospace ,sci5ce & ,indu/ry       
,corporation ,limit$4  7#f7 ,*9a        
,a]ospace ,sci5ce & ,te*nology          
,corporation4  7#g7 ,! ,bei,dou         
,satellite ,navigation ,exp]im5tal      
,sy/em4  7#h7 ,any ,communi/ ,*9ese     
milit>y company id5tifi$ by ! ,secret>y 
( ,def5se "u section #abcg7;b7 ( ! ,/rom
 ,?urmond ,national ,def5se             
,au?orization ,act = ,fiscal ,ye> #aiii 
7#ej ,u4,s4,c4 #agja note2 ,public ,law 
#aje-bfa74  #e4 ,,sec report+  7a7      
,def9itions ,9 ?is section-- 7#a7 ! t]m 
,commission means ! ,securities &       
,ex*ange ,commission2  7#b7 ! t]m       
,s*$ule #ac;,d means a /atem5t conta9+ !

 in=mation requir$ "u section           
#bdj4ac;d-#aja ( title #ag1 ,code (     
,f$]al ,regulations1 or any successor   
regulation2 &  7#c7 ! t]m ,s*$ule #ac;,g
 means a /atem5t conta9+ ! in=mation    
requir$ "u section #bdj4ac;d-#ajb (     
title #ag1 ,code ( ,f$]al ,regulations1 
or any successor regulation4  7b7       
,report+ requir$ ,not)/&+ section       
#bdj4ac;d-#a ( title #ag1 ,code ( ,f$]al
 ,regulations1 or any successor         
regulation1 ! ,commission %all require  
any =eign p]son :o1 aft] acquir+        
directly or indirectly ! b5eficial      
own]%ip ( any equity security ( a class 
:i* is specifi$ 9 p>agraph 7i7 ( su*    
section #bdj4ac;d-#a & t is issu$ by a  
cov]$ entity1 is directly or indirectly 
! b5eficial own] ( m ?an #b p]c5t ( !   
class1 to file ) ! ,commission ,s*$ule  
#ac;,d or ,s*$ule #ac;,g1 z det]m9$ "u  
su* section #bdj4ac;d-#a4  7c7 ,updates 
to rules ,! ,commission may make any    
updates to ! rules ( ! ,commission t may
 be necess>y z a result ( ?is section4  

#f4 ,annual report on =eign inve/m5t 9  
,unit$ ,/ates exploration1 manufactur+1 
telecommunications1 & national security 
involv+ space  7a7 ,9 g5]al ,n lat] ?an 
#a ye> aft] ! date ( ! enactm5t ( ?is   
,act1 & annually !reaft]1 ! ,secret>y ( 
,def5se1 9 coord9ation ) ! ,secret>y (  
,comm]ce & ! ,secret>y ( ! ,treasury1   
%all submit to ,congress a report on    
inve/m5t by =eign p]sons 9 activities   
conduct$ 9 ! ,unit$ ,/ates or by ,unit$ 
,/ates p]sons relat+ to exploration1    
manufactur+1 telecommunications1 or     
national security activities involv+    
space4  7b7 ,elem5ts ,! report requir$  
by subsection 7a7 %all include-- 7#a7 ! 
c\ntry ( orig9 ( ! =eign p]son2  7#b7 ! 
s\rce ( funds = inve/m5t by ! =eign     
p]son 9 space2 &  7#c7 any o!r in=mation
 t ! ,secret>y ( ,def5se consid]s       
appropriate4  7c7 ,=m ,! report requir$ 
by subsection 7a7 %all be submitt$ 9    
unclassifi$ =m b may conta9 a classifi$ 
annex4