,,ii #aahth ,,congress #ast ,session ,s4 #ahbg ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,june #f1 #bjbc,mr4 ,rubio 7for himself and ,mr4 ,cornyn7 introduced the following bill2 which was read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to strengthen the requirements for reviews by the ,committee on ,foreign ,investment in the ,united ,states of covered transactions involving genetic information1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,genomics ,expenditures and ,national ,security ,enhancement ,act of #bjbc or the ,,gene ,act4 #b4 ,requirements for reviews of covered transactions involving genetic information 7a7 ,mandatory declarations ,section #gba7;b77#a77;,c77v77,,iv7 of the ,defense ,production ,act of #aiej 7#ej ,u4,s4,c4 #defe7;b77#a77;,c77v77,,iv77 is amended-- 7#a7 by redesignating items 7cc7 through 7gg7 as items 7dd7 through 7hh71 respectively2 and 7#b7 by inserting after item 7bb7 the following3 7cc7 ,covered transactions involving genetic information ,the parties to a covered transaction shall submit a declaration described in subclause 7,i7 with respect to the transaction if the transaction involves an investment described in subsection 7a77#d77;,b77iii77,,iii7 by a foreign person in a ,united ,states business that maintains or collects information about genetic tests of ,united ,states citizens1 including any such information relating to genomic sequencing4 4 7b7 ,consultation with ,secretary of ,health and ,human ,services ,section #gba7k77#f7 of the ,defense ,production ,act of #aiej 7#ej ,u4,s4,c4 #defe7k77#f77 is amended-- 7#a7 by striking ,the chairperson and inserting the following3 7,a7 ,in general ,the chairperson 2 and 7#b7 by adding at the end the following3 7,b7 ,covered transactions involving genetic information ,the chairperson shall consult with the ,secretary of ,health and ,human ,services in any review or investigation under subsection 7a7 of a covered transaction that involves an investment described in subsection 7a77#d77;,b77iii77,,iii7 by a foreign person in a ,united ,states business that maintains or collects information about genetic tests of ,united ,states citizens1 including any such information relating to genomic sequencing4 4 7c7 ,regulations ,not later than #ahj days after the date of the enactment of this ,act1 the ,committee on ,foreign ,investment in the ,united ,states shall prescribe regulations to carry out the amendments made by this section4 #c4 ,expansion of committees receiving annual testimony from ,committee on ,foreign ,investment in the ,united ,states ,section #gba7o7 of the ,defense ,production ,act of #aiej 7#ej ,u4,s4,c4 #defe7o77 is amended-- 7#a7 in paragraph 7#a71 in the matter preceding subparagraph 7,a71 by striking the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate and inserting the committees specified in paragraph 7#b72 7#b7 by redesignating paragraph 7#b7 as paragraph 7#c72 and 7#c7 by inserting after paragraph 7#a7 the following3 7#b7 ,committees specified ,the committees specified in this paragraph are-- 7,a7 the ,committee on ,banking1 ,housing1 and ,urban ,affairs1 the ,committee on ,foreign ,relations1 and the ,select ,committee on ,intelligence of the ,senate2 and 7,b7 the ,committee on ,financial ,services1 the ,committee on ,foreign ,affairs1 and the ,permanent ,select ,committee on ,intelligence of the ,house of ,representatives4 4 #d4 ,effective date2 applicability ,the amendments made by this ,act shall-- 7#a7 take effect on the date that is #ij days after the date of the enactment of this ,act2 and 7#b7 apply with respect to any covered transaction the review or investigation of which is initiated under section #gba of the ,defense ,production ,act of #aiej on or after the date described in paragraph 7#a74