,,ii  #aahth ,,congress  #ast ,session  
,s4 #cfg  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,february #i1       
#bjbc,mr4 ,risch introduced the         
following bill2 which was read twice and
 referred to the ,committee on ,foreign 
,relations  ,a ,,bill  ,to promote      
economic and commercial opportunities   
internationally1 and for other purposes4
  #a4 ,short title2 table of contents   
7a7 ,short title ,this ,act may be cited
 as the ,economic and ,commercial       
,opportunities and ,networks ,act of    
#bjbc or the ,,econ ,act4  7b7 ,table of
 contents ,the table of contents for    
this ,act is as follows3 ,sec4 #a4      
,short title2 table of contents4,,title 
,i--,strengthening the ,department of   
,state ,economic ,corps,sec4 #aja4      
,duties of ,foreign ,service economic   
officers4,sec4 #ajb4 ,establishment of  
new award of excellence for economic    
officers4,sec4 #ajc4 ,report on chiefs  
of mission and deputy chiefs of mission 
by cone4,sec4 #ajd4 ,report on          

recruitment1 retention1 and promotion of
 ,foreign ,service economic             
officers4,sec4 #aje4 ,mandate to revise 
,department of ,state metrics for       
successful economic and commercial      
diplomacy4,,title ,,ii--,upping         
,america's game in the field,sec4 #bja4 
,chief of ,mission economic             
responsibilities4,sec4 #bjb4 ,direction 
to embassy deal teams4,sec4 #bjc4       
,establishment of a ,deal ,team of the  
,year award4,sec4 #bjd4 ,economic       
defense response teams4,,title          
,,iii--,cooperating with allies and     
partners,sec4 #cja4 ,investing in talent
 in ,southeast ,asia and the ,pacific   
,islands4,sec4 #cjb4 ,regulatory        
exchanges with allies and partners4,sec4
 #cjc4 ,infrastructure ,transaction and 
,assistance ,network4,sec4 #cjd4        
,digital ,connectivity and              
,cybersecurity ,partnership4,,title     
,,iv--,boosting international trade and 
investment,sec4 #dja4 ,pilot program to 
audit barriers to trade in developing   

partner countries4,sec4 #djb4 ,promoting
 adoption of ,united ,nations           
,convention on ,assignment of           
,receivables in ,international          
,trade4,,title ,v--,combating           
anti-competitive behavior,sec4 #eja4    
,predatory pricing by entities owned1   
controlled1 or directed by a foreign    
state4,sec4 #ejb4 ,expansion of offense 
of theft of trade secrets to include    
unauthorized development of products and
 digital articles4,sec4 #ejc4 ,review of
 petitions related to intellectual      
property theft and forced technology    
transfer4  ,i ,strengthening the        
,department of ,state ,economic ,corps  
#aja4 ,duties of ,foreign ,service      
economic officers  7a7 ,in general      
,chapter #e of title ,i of the ,foreign 
,service ,act of #aihj 7#bb ,u4,s4,c4   
#ciha et seq47 is amended by adding at  
the end the following3  #ejf4 ,duties of
 economic officers  7a7 ,in general ,the
 ,secretary of ,state shall direct the  
economic officers of the ,foreign       

,service-- 7#a7 to negotiate agreements 
with foreign governments and            
international organizations2  7#b7 to   
inform the ,washington1 ,,dc1           
headquarters offices of ,federal        
agencies with respect to the positions  
of foreign governments and international
 organizations in negotiations2  7#c7 to
 advance and oversee-- 7,a7 the routine 
implementation and maintenance of       
economic and commercial agreements2 and 
7,b7 other initiatives in the countries 
to which such officers are assigned     
related to improving economic or        
commercial relations for the benefit of 
,united ,states persons1 including      
businesses2  7#d7 to identify1 and help 
design and execute1 in consultation with
 other ,federal agencies1 ,united       
,states policies1 programs1 and         
initiatives1 including capacity building
 efforts1 to advance policies of foreign
 governments that improve local economic
 governance1 market-based business      
environments1 and market access1        

increase trade and investment           
opportunities1 or provide a more level  
playing field for ,united ,states       
persons1 including with respect to--    
7,a7 improving revenue collection2  7,b7
 streamlining customs processes and     
improving customs transparency and      
efficiency2  7,c7 improving regulatory  
management2  7,d7 improving procurement 
processes1 including facilitating       
transparency in tendering1 bidding1 and 
contact negotiation2  7,e7 advancing    
intellectual property protections2  7,f7
 eliminating anticompetitive subsidies  
and improving the transparency of       
remaining subsidies2  7,g7 improving    
budget management and oversight2 and    
7,h7 strengthening management of        
important economic sectors2  7#e7 to    
prioritize active support of economic   
and commercial goals by ,united ,states 
persons abroad1 in conjunction with the 
,united ,states and ,foreign ,commercial
 ,service 7established by section #bcja 
of the ,export ,enhancement ,act of     

#aihh 7#ae ,u4,s4,c4 #dgba771 including 
by-- 7,a7 providing ,united ,states     
persons with leads1 information on open 
tenders1 and introductions to relevant  
contacts within foreign countries2  7,b7
 assisting ,united ,states persons in   
their dealings with foreign governments 
and enterprises owned by foreign        
governments2  7,c7 providing ,united    
,states persons with information and    
assistance in using all types of ,united
 ,states ,government support with       
respect to international economic       
matters1 including such support provided
 by the ,department of ,state1 the      
,department of ,commerce1 the           
,export-,import ,bank of the ,united    
,states1 the ,united ,states            
,international ,development ,finance    
,corporation1 the ,trade and            
,development ,agency1 the ,department of
 ,agriculture1 and the ,department of   
the ,treasury2 and  7,d7 receiving      
feedback from ,united ,states persons   
with respect to support described in    

subparagraph 7,c7 and reporting that    
feedback to the chief of mission and to 
the headquarters of the ,department of  
,state2  7#f7 to consult closely and    
regularly with the private sector1 as   
described in section #gji of the        
,championing ,american ,business through
 ,diplomacy ,act 7#bb ,u4,s4,c4 #iije72 
7#g7 to identify and execute            
opportunities for the ,united ,states to
 counter policies1 initiatives1 or      
activities by authoritarian governments 
or enterprises affiliated with such     
governments that are anticompetitive or 
undermine the sovereignty or prosperity 
of the ,united ,states or a partner     
country2  7#h7 to identify and execute  
opportunities for the ,united ,states in
 new and emerging areas of trade and    
investment1 such as digital trade and   
investment2  7#i7 to monitor the        
development and implementation of       
bilateral and multilateral economic     
agreements and provide recommendations  
to the ,secretary of ,state and the     

heads of other relevant ,federal        
agencies with respect to ,united ,states
 actions and initiatives relating to    
those agreements2  7#aj7 to maintain    
complete and accurate records of the    
performance measurements of the         
,department for economic and commercial 
diplomacy activities1 as directed by the
 chief of mission and other senior      
officials of the ,department2  7#aa7 to 
report on issues and developments with  
direct relevance to ,united ,states     
economic and national security          
interests1 especially when accurate1    
reliable1 timely1 and cost-effective    
information is unavailable from         
non-,united ,states ,government sources2
 and  7#ab7 to coordinate all activities
 as necessary and appropriate with      
counterparts in other agencies4  7b7    
,regulatory updates ,the ,secretary of  
,state shall update guidance in the     
,foreign ,affairs ,manual and other     
regulations and guidance as necessary to
 implement this section4  7c7 ,united   

,states person defined ,in this section1
 the term ,united ,states person means--
 7#a7 a ,united ,states citizen or an   
alien lawfully admitted for permanent   
residence to the ,united ,states2 or    
7#b7 an entity organized under the laws 
of the ,united ,states or any           
jurisdiction within the ,united ,states1
 including a foreign branch of such an  
entity4  4  7b7 ,clerical amendment ,the
 table of contents for the ,foreign     
,service ,act of #aihj is amended by    
inserting after the item relating to    
section #eje the following3  ,sec4 #ejf4
 ,duties of economic officers4  4  #ajb4
 ,establishment of new award of         
excellence for economic officers        
,chapter #f of the ,foreign ,service    
,act of #aihj 7#bb ,u4,s4,c4 #djja et   
seq471 is amended by adding at the end  
the following new section3  #fae4       
,foreign service awards for outstanding 
contributions to ,united ,states        
economic and commercial diplomacy  7a7  
,establishment ,the ,secretary of ,state

 shall establish an award to recognize  
outstanding contributions to advancing  
,united ,states interests in the areas  
of economic diplomacy or commercial     
diplomacy4 ,the award shall be known as 
the ,congressional ,award for ,high     
,achievement in ,economic and           
,commercial ,diplomacy4  7b7 ,award     
content ,the recipients of this award   
shall receive-- 7#a7 a certificate      
signed by the ,secretary of ,state2     
7#b7 a cash award of #ae1jjj2 and  7#c7 
in the case of ,foreign ,service        
employees1 inclusion in the next        
employee evaluation report2 or  7#d7 in 
the case of ,civil ,service employees1  
inclusion in the next annual performance
 evaluation4  7c7 ,eligibility ,the     
following individuals are eligible for  
an award under this section3 7#a7       
,economic officers in the ,foreign      
,service with at least three years of   
experience and one overseas posting with
 responsibilities for ,united ,states   
economic and commercial interests2 and  

7#b7 ,civil ,service employees with at  
least three years of experience and with
 direct responsibility for economic and 
commercial matters4  7d7 ,number of     
awardees ,for each fiscal year1 the     
,secretary of ,state shall award-- 7#a7 
no fewer than #c awards and no more than
 #e awards to members of the ,foreign   
,service2 and  7#b7 no fewer than #c    
award and no more than #e awards to     
,civil ,service employees4  7e7         
,criteria ,selection for an award under 
this section shall be based on-- 7#a7   
the employee playing a key or decisive  
role in the establishment or improvement
 in an overseas market of free and fair 
market practice or practices2  7#b7 the 
employee playing a key or decisive role 
in assisting a ,united ,states company  
to achieve a substantial economic1      
commercial1 or investment goal in an    
overseas market or markets2  7#c7 the   
employee playing a key or decisive role 
in the expansion of trade or investment 
ties with another country or countries2 

7#d7 the employee playing a key or      
decisive role in the advancement of     
regional economic integration that has  
tangible benefits for the ,united       
,states economy2  7#e7 the employee     
demonstrating excellence in advancing   
,united ,states interests and           
partnerships in the digital economy2    
7#f7 the employee demonstrating         
excellence in advancing ,united ,states 
interests and partnerships with respect 
to infrastructure2  7#g7 the employee   
demonstrating excellence in advancing   
,united ,states interests and           
partnerships with respect to energy2    
7#h7 the employee advancing a concrete  
policy1 action1 or initiative that      
counters authoritarian models of        
economic governance or anti-competitive 
economic behavior that undermines free  
markets2 or  7#i7 any combination of    
such criteria4  7f7 ,restriction ,the   
,secretary of ,state shall not provide  
an award solely on the basis of an      
employee demonstrating excellence in one

 of the following activities3 7#a7      
,providing economic reporting through   
cables and via other means4  7#b7       
,writing a ,department report or reports
 on economic matters4  7g7              
,authorization of appropriations ,for   
each of fiscal years #bjbd through      
#bjca1 there is authorized to be        
appropriated to the ,department of      
,state #aej1jjj for the purposes of     
providing cash awards to recipients of  
the award established under this        
section4  7h7 ,transmission to ,congress
 ,not later than the end of the relevant
 fiscal year1 the ,secretary of ,state  
shall submit the following information  
to the appropriate congressional        
committees3 7#a7 ,the name of each      
awardee4  7#b7 ,the current position and
 ,foreign ,service or ,general ,schedule
 rank of each awardee4  7#c7 ,a         
description of the basis on which each  
awardee received the award4  4  #ajc4   
,report on chiefs of mission and deputy 
chiefs of mission by cone  7a7 ,report  

,not later than ,april #a1 #bjbd1 and   
annually thereafter for four years1 the 
,secretary of ,state shall submit to the
 appropriate congressional committees a 
report that includes-- 7#a7 the ,foreign
 ,service cone of each current chief of 
mission and deputy chief of mission 7or 
whoever is acting in the capacity of    
chief or deputy chief of mission if none
 is present7 for each ,united ,states   
embassy in which there is a ,foreign    
,service office filling either of those 
positions2 and  7#b7 the aggregated     
global data for chiefs of mission and   
deputy chiefs of mission by cone4  7b7  
,appropriate congressional committees   
defined ,in this section1 the term      
appropriate congressional committees    
means-- 7#a7 the ,committee on ,foreign 
,relations of the ,senate2 and  7#b7 the
 ,committee on ,foreign ,affairs of the 
,house of ,representatives4  #ajd4      
,report on recruitment1 retention1 and  
promotion of ,foreign ,service economic 
officers  7a7 ,in general ,not later    

than #ahj days after the date of the    
enactment of this ,act1 the ,secretary  
of ,state shall submit to the           
appropriate congressional committees a  
report on the recruitment1 retention1   
and promotion of economic officers in   
the ,foreign ,service4  7b7 ,elements   
,the report required by subsection 7a7  
shall include the following3 7#a7 ,an   
overview of the key challenges the      
,department of ,state faces in          
recruiting individuals to serve as      
economic officers in the ,foreign       
,service4  7#b7 ,an overview of the key 
challenges the ,department faces in     
retaining individuals serving as        
economic officers in the ,foreign       
,service1 particularly at the level of  
,,gs-#ad of the ,general ,schedule and  
higher4  7#c7 ,an overview of the key   
challenges in recruiting and retaining  
qualified individuals to serve in       
economic positions in the civil service4
  7#d7 ,a comparison of promotion rates 
for economic officers in the ,foreign   

,service relative to other officers in  
the ,foreign ,service4  7#e7 ,an        
identification by region of hard-to-fill
 posts and proposed incentives to       
improve staffing of economic officers in
 the ,foreign ,service at such posts4   
7#f7 ,a summary and analysis of the     
factors that lead to the promotion of   
economic officers in the ,foreign       
,service4  7#g7 ,a summary and analysis 
of the factors that lead to the         
promotion of individuals serving in     
economic positions in the civil service4
  7c7 ,appropriate congressional        
committees defined ,in this section1 the
 term appropriate congressional         
committees means-- 7#a7 the ,committee  
on ,foreign ,relations and the          
,committee on ,appropriations of the    
,senate2 and  7#b7 the ,committee on    
,foreign ,affairs and the ,committee on 
,appropriations of the ,house of        
,representatives4  #aje4 ,mandate to    
revise ,department of ,state metrics for
 successful economic and commercial     

diplomacy  7a7 ,mandate ,to revise      
,department of ,state performance       
measures for economic and commercial    
diplomacy ,the ,secretary of ,state1    
acting through the ,under ,secretary for
 ,economic ,growth1 ,energy1 and the    
,environment1 shall conduct a full      
review and revision of ,department of   
,state performance measures for economic
 and commercial diplomacy4 ,the revision
 shall identify outcome-oriented1 and   
not process-oriented1 performance       
metrics1 including metrics that-- 7#a7  
measure how ,department of ,state       
efforts advanced specific economic and  
commercial objectives and led to        
successes for the ,united ,states or    
other private sector actors overseas2   
and  7#b7 that focus on customer        
satisfaction with ,department of ,state 
services and assistance4  7b7 ,plan for 
ensuring complete data for performance  
measures ,as part of the review required
 under subsection 7a71 the ,secretary of
 ,state shall include a plan for        

ensuring that the ,department of ,state1
 both at main headquarters and at       
domestic and overseas posts1 maintains  
and fully updates data on performance   
measures to ensure that ,department of  
,state leadership and the appropriate   
congressional committees can evaluate   
the extent to which the ,department is  
advancing ,united ,states economic and  
commercial interests abroad through     
meeting performance targets4  7c7       
,report on private sector surveys ,the  
,secretary of ,state1 acting through the
 ,under ,secretary for ,economic        
,growth1 ,energy1 and the ,environment1 
shall prepare a report that lists and   
describes any and all methods through   
which the ,department of ,state conducts
 surveys of the private sector to       
measure private sector satisfaction with
 assistance and services provided by the
 ,department of ,state to advance       
private sector economic and commercial  
goals in foreign markets4  7d7          
,transmission to ,congress  7#a7 ,report

 ,not later than #ahj days after the    
date of the enactment of this ,act1 the 
,secretary of ,state shall submit to the
 appropriate congressional committees   
the revised performance metrics required
 under subsection 7b7 and the report    
required under subsection 7d74  7#b7    
,briefing ,not later than #cj days after
 the report submissions required under  
paragraph 7#a71 the ,under ,secretary   
for ,economic ,growth1 ,energy1 and the 
,environment shall brief the appropriate
 congressional committees4  7e7         
,appropriate congressional committees   
,in this section1 the term appropriate  
congressional committees means-- 7#a7   
the ,committee on ,foreign ,relations of
 the ,senate2 and  7#b7 the ,committee  
on ,foreign ,affairs of the ,house of   
,representatives4  ,,ii ,upping         
,america's game in the field  #bja4     
,chief of mission economic              
responsibilities ,section #bjg of the   
,foreign ,service ,act of #aihj 7#bb    
,u4,s4,c4 #cibg7 is amended by adding at

 the end the following new subsection3  
7e7 ,embassy economic team  7#a7        
,coordination and supervision           
responsibility ,the chief of mission    
shall have responsibility for           
coordinating and supervising the        
implementation of all ,united ,states   
economic policy interests within the    
host country1 among all ,united ,states 
,government departments and agencies    
present in that country4  7#b7          
,accountability ,the chief of mission   
shall be held accountable for the       
performance of ,united ,states missions 
in advancing ,united ,states economic   
policy interests within the host        
country1 including the activities and   
initiatives of all ,united ,states      
,government departments and agencies    
present in that country4  7#c7 ,mission 
economic team ,the chief of mission     
shall form an economic team made up of  
appropriate embassy staff with          
responsibility for-- 7,a7 monitoring    
notable economic developments in the    

host country2 and  7,b7 developing plans
 and strategies for advancing ,united   
,states economic and commercial         
interests in the host country           
including-- 7i7 tracking legislative1   
regulatory1 judicial1 and policy        
developments that could affect ,united  
,states economic interests2  7ii7       
advocating for best practices with      
respect to policy and regulatory        
developments2  7iii7 conducting a       
regular analysis of market systems1     
trends1 prospects1 and opportunities for
 value-addition1 including risk         
assessments and constraints analyses of 
key sectors and of ,united ,states      
strategic competitiveness1 and other    
reporting on commercial opportunities   
and investment climate2 and  7iv7       
providing recommendations for responding
 to such developments that may adversely
 affect ,united ,states economic and    
commercial interests4  4  #bjb4         
,direction to embassy deal teams  7a7   
,purposes ,the purposes of deal teams at

 ,united ,states embassies and          
consulates are-- 7#a7 to promote a      
private sector-led approach to advance  
economic growth and job creation1       
tailored as appropriate to specific     
economic sectors and while advancing    
strategic partnerships2  7#b7 to        
prioritize efforts to identify          
commercial opportunities1 advocate for  
improvements in the business and        
investment climate1 engage and consult  
with private sector partners1 and report
 on such activities1 in compliance with 
the applicable requirements of the      
,championing ,american ,business        
,through ,diplomacy ,act of #bjai 7title
 ,,vii of division ,j of ,public ,law   
#aaf-id2 #bb ,u4,s4,c4 #iija et seq472  
7#c7 to identify trade and investment   
opportunities for ,united ,states       
companies in foreign markets1 or assist 
with existing trade and investment      
opportunities already identified by     
,united ,states companies1 and deploy   
,united ,states ,government economic and

 other tools to help such ,united       
,states companies to secure their       
objectives2  7#d7 to identify and       
facilitate opportunities for entities in
 a host country to increase exports to  
or investment in the ,united ,states in 
order to grow two-way trade and         
investment2  7#e7 to modernize1         
streamline1 and improve access to       
resources and services designed to      
promote increased trade and investment  
opportunities2  7#f7 to identify and    
secure ,united ,states or allied        
government support1 including through   
the ,strategic ,infrastructure ,fund    
authorized under section #cjc7;c71 of   
strategic projects1 including projects  
vulnerable to predatory investment by an
 authoritarian country or entity in such
 country1 where support or investment   
serves an important ,united ,states     
interest2  7#g7 to coordinate across the
 ,unites ,states ,government to ensure  
the appropriate and most effective use  
of ,united ,states ,government tools to 

support ,united ,states economic and    
commercial objectives2 and  7#h7 to     
coordinate with the ,central ,deal ,team
 located in the ,united ,states on all  
these and other relevant matters4  7b7  
,clarification ,a deal team may1 but    
does not have to1 consist of the same   
personnel as a mission economic team    
formed pursuant to subsection 7e77#c7 of
 section #bjg of the ,foreign ,service  
,act of #aihj 7#bb ,u4,s4,c4 #cibg71 as 
added by section #bja of this ,act4  7c7
 ,restrictions ,deal teams may not      
provide support for1 or assist a ,united
 ,states person with a transaction with1
 a government1 or an entity owned or    
controlled by a government1 if the      
,secretary of ,state has determined that
 the government-- 7#a7 has repeatedly   
provided support for acts of            
international terrorism for purposes    
of-- 7,a7 section #aged7;c77#a77;,a77i7 
of the ,export ,control ,reform ,act of 
#bjah 7subtitle ,b of title ,,xvii of   
,public ,law #aae-bcb72  7,b7 section   

#fbj;,a7a7 of the ,foreign ,assistance  
,act of #aifa 7#bb ,u4,s4,c4 #bcga7;a772
  7,c7 section #dj7;d7 of the ,arms     
,export ,control ,act 7#bb ,u4,s4,c4    
#bghj7;d772 or  7,d7 any other relevant 
provision of law2 or  7#b7 has engaged  
in a consistent pattern of gross        
violations of internationally recognized
 human rights for purposes of section   
#aaf7;a7 or #ejb;,b7a77#b7 of the       
,foreign ,assistance ,act of #aifa 7#bb 
,u4,s4,c4 #baean7a7 and #bcjd7;a77#b77  
or any other relevant provision of law4 
7d7 ,further restrictions  7#a7         
,prohibition on support of sanctioned   
persons ,deal teams may not carry out   
activities prohibited under ,united     
,states sanctions laws or regulations1  
including dealings with persons on the  
list of specially designated persons and
 blocked persons maintained by the      
,office of ,foreign ,assets ,control of 
the ,department of the ,treasury1 except
 to the extent otherwise authorized by  
the ,secretary of the ,treasury or the  

,secretary of ,state4  7#b7 ,prohibition
 on support of activities subject to    
sanctions ,any person receiving support 
from a deal team must be in compliance  
with all ,united ,states sanctions laws 
and regulations as a condition for      
receiving such assistance4  7e7 ,chief  
of ,mission authority and accountability
 ,the chief of mission is the designated
 leader of a deal team in a given       
partner country1 and shall be held      
accountable for the performance and     
effectiveness of ,united ,states deal   
teams in that country4  7f7 ,annual     
guidance cable ,not later than ,january 
#ca each year1 the ,secretary of ,state 
shall send an ,all ,diplomatic and      
,consular ,posts 7,,aldac7 guidance     
cable on the role of deal teams that    
includes relevant and up-to-date        
information to enhance the effectiveness
 of deal teams in-country4  7g7         
,additional guidance cables ,the        
requirement of an annual ,,aldac shall  
not be construed to preclude the        

,secretary of ,state from sending other 
communications to overseas posts        
regarding deal teams4  7h7              
,certification ,not later than ,february
 #aj of each year1 the ,secretary of    
,state shall certify to ,congress that  
the cable required under subsection 7f7 
was transmitted as an ,all ,diplomatic  
and ,consular ,posts 7,,aldac7 cable1   
and shall provide a brief summary of the
 cable1 including any major updates or  
changes compared with the prior annual  
guidance cable4  7i7 ,report            
,concurrently with the certification    
required under subsection 7h71 the      
,secretary of ,state shall submit an    
unclassified report to the appropriate  
congressional committees on the         
activities1 achievements1 and failures  
of deal teams1 which shall include--    
7#a7 a description of the nature and    
extent of coordination among relevant   
,federal departments and agencies2  7#b7
 the dollar value of deals successfully 
completed by deal teams1 disaggregated  

by country2  7#c7 the number of ,united 
,states companies assisted by deal teams
 who achieved their objectives2  7#d7   
the percentage of ,united ,states       
companies assisted by deal teams who    
achieved their objectives2  7#e7 a      
description of any exports to or        
investment into the ,united ,states by  
partner countries facilitated by deal   
teams2  7#f7 examples of successful     
investments1 deals1 or transactions in  
the infrastructure1 energy1 and digital 
sectors2  7#g7 examples where deal team 
support prevented predatory financing or
 other involvement by an authoritarian  
actor2 and  7#h7 examples of failures of
 deal teams to achieve stated           
objectives1 any lessons learned1 and how
 deal teams will improve based on those 
lessons learned4  7j7 ,confidentiality  
of information  7#a7 ,in general ,in    
preparing the certification and the     
report required under this section1 the 
,secretary of ,state shall protect from 
disclosure any proprietary information  

of a ,united ,states person marked as   
business confidential information1      
unless the person submitting the        
information-- 7,a7 had notice1 at the   
time of submission1 that the information
 would be released by2 or  7,b7         
subsequently consents to the release of 
the information4  7#b7 ,treatment as    
trade secrets ,proprietary information  
obtained by the ,united ,states         
,government from a ,united ,states      
person pursuant to the activities of    
deal teams shall be-- 7,a7 considered to
 be trade secrets and commercial or     
financial information 7as those terms   
are used for purposes of section        
#eeb;b7c77#d7 of title #e1 ,united      
,states ,code72 and  7,b7 exempt from   
disclosure without the express approval 
of the person4  7k7 ,sunset ,the        
requirements under subsections 7f7      
through 7h7 shall terminate five years  
after the date of the enactment of this 
,act4  #bjc4 ,establishment of a ,deal  
,team of the ,year award  7a7           

,establishment ,the ,secretary of ,state
 shall establish a new award to be      
awarded to one deal team per region at a
 ,united ,states mission annually to    
recognize outstanding achievements in   
supporting a ,united ,states company or 
companies pursuing commercial deals     
abroad or in identifying new deal       
prospects for ,united ,states companies4
 ,the award shall be known as the ,deal 
,team of the ,year ,award4  7b7 ,award  
content  7#a7 ,department of ,state     
,each member of a deal team receiving an
 award pursuant to this section shall   
receive a certificate that is signed by 
the ,secretary of ,state and-- 7,a7 in  
the case of a member of the ,foreign    
,service1 is included in the next       
employee evaluation report2 or  7,b7 in 
the case of a ,civil ,service employee1 
is included in the next annual          
performance review4  7#b7 ,other        
,federal agencies ,in the case of a     
,united ,states ,government employee    
that is not employed by the ,department 

of ,state1 the employing agency may     
determine whether to provide the        
employee receiving an award under this  
section any recognition or benefits in  
addition to those provided by the       
,department of ,state4  7c7 ,eligibility
 ,any interagency economics team at a   
,united ,states overseas mission under  
chief of mission authority that assists 
,united ,states companies with          
identifying1 navigating1 and securing   
trade and investment opportunities in a 
foreign country1 or that facilitates    
beneficial foreign investment into the  
,united ,states is eligible for an award
 under this section4  7d7 ,transmission 
to ,congress ,not later than the end of 
the relevant fiscal year1 the ,secretary
 of ,state shall submit the following   
information to the appropriate          
congressional committees3 7#a7 ,the     
mission receiving the ,deal ,team of the
 ,year ,award4  7#b7 ,the names and     
agencies of each awardee within the deal
 team4  7#c7 ,a detailed description of 

the reason the deal team received the   
award4  #bjd4 ,economic defense response
 teams  7a7 ,pilot program ,not later   
than #ahj days after the date of the    
enactment of this ,act1 the ,president1 
acting through the ,secretary of ,state1
 who shall coordinate with other        
relevant ,federal departments and       
agencies1 shall develop and implement a 
pilot program for the creation of       
deployable economic defense response    
teams to help provide targeted          
assistance and support to a country     
subjected to an urgent or specific      
threat or use of coercive economic      
practices by an adversary of the ,united
 ,states4 ,such assistance and support  
may include the following activities3   
7#a7 ,reducing the partner country's    
vulnerability to coercive economic      
measures4  7#b7 ,minimizing the damage  
that such measures by an adversary could
 cause to that country4  7#c7           
,identifying sectors most susceptible to
 coercive economic behavior and         

providing suggested tools and strategies
 for an action plan4  7#d7 ,implementing
 any bilateral or multilateral          
contingency plans that may exist for    
responding to the threat or use of such 
measures4  7#e7 ,in coordination with   
the partner country1 developing or      
improving plans and strategies by the   
country for reducing vulnerabilities and
 improving responses to such measures in
 the future4  7#f7 ,assisting the       
partner country in addressing foreign   
sovereign investment in infrastructure1 
the defense-industrial base1 digital    
sector1 or other strategic sectors that 
may undermine the partner country's     
sovereignty or harm ,united ,states     
national interests4  7#g7 ,assisting the
 partner country in responding to       
specific efforts from an adversary      
attempting to employ coercive economic  
practices that undermine the partner    
country's sovereignty1 including efforts
 that undermine cybersecurity or digital
 infrastructure of the partner country  

or initiatives that introduce digital   
technologies in a manner that undermines
 freedom1 security1 and sovereignty of  
the partner country or its citizens4    
7#h7 ,otherwise providing direct and    
relevant short-to-medium term economic  
or other assistance from the ,united    
,states and marshalling other resources 
in support of effective responses to    
coercive economic practices4  7b7       
,institutional support ,the pilot       
program required by subsection 7a7      
should include the following elements3  
7#a7 ,identification and designation of 
relevant personnel or ongoing lines of  
effort within the ,united ,states       
,government with expertise relevant to  
the objectives specified in subsection  
7a71 including personnel in-- 7,a7 the  
,department of ,state1 for overseeing   
the economic defense response team's    
activities1 engaging with the partner   
country government and other            
stakeholders1 and other purposes        
relevant to advancing the success of the

 mission of the economic defense        
response team2  7,b7 the ,united ,states
 ,agency for ,international             
,development1 for the purposes of       
providing technical and other           
assistance1 generally2  7,c7 the        
,department of the ,treasury1 for the   
purposes of providing advisory support  
and assistance on all financial matters 
and fiscal implications of the crisis at
 hand2  7,d7 the ,department of         
,commerce1 for the purposes of providing
 economic analysis and assistance in    
market development relevant to the      
partner country's response to the crisis
 at hand1 technology security as        
appropriate1 and other matters that may 
be relevant2  7,e7 the ,department of   
,energy1 for the purposes of providing  
advisory services and technical         
assistance with respect to energy needs 
as affected by the crisis at hand2  7,f7
 the ,department of ,homeland ,security1
 for the purposes of providing          
assistance with respect to digital and  

cybersecurity matters1 and assisting in 
the development of any contingency plans
 referred to in paragraphs 7#c7 and 7#f7
 of subsection 7a7 as appropriate2  7,g7
 the ,department of ,agriculture1 for   
providing advisory and other assistance 
with respect to responding to coercive  
practices such as arbitrary market      
closures that affect the partner        
country's agricultural sector2  7,h7 the
 ,office of the ,united ,states ,trade  
,representative with respect to         
providing support and guidance on trade 
and investment matters2  7,i7 the       
,department of ,defense with respect to 
providing support or assistance on      
defense sector1 transportation          
infrastructure1 and national            
security-sensitive technologies2 and    
7,j7 other ,federal departments and     
agencies as determined by the           
,president4  7#b7 ,negotiation of       
memoranda of understanding1 where       
appropriate1 with other ,united ,states 
,government components for the provision

 of any relevant participating or       
detailed non-,department of ,state      
personnel identified under paragraph    
7#a74  7#c7 ,negotiation of contracts1  
as appropriate1 with private sector     
representatives or other individuals    
with relevant expertise to advance the  
objectives specified in subsection 7a74 
7#d7 ,development within the ,united    
,states ,government of-- 7,a7           
appropriate training curricula for      
relevant experts identified under       
paragraph 7#a7 and for ,united ,states  
diplomatic personnel in a country       
actually or potentially threatened by   
coercive economic practices2  7,b7      
operational procedures and appropriate  
protocols for the rapid assembly of such
 experts into one or more teams for     
deployment to a country actually or     
potentially threatened by coercive      
economic measures2 and  7,c7 procedures 
for ensuring appropriate support for    
such teams1 including1 as applicable1   
logistical assistance1 office space1    

information support1 and communications4
  7#e7 ,clear direction to ,united      
,states diplomatic missions on the rapid
 and effective deployment of such teams1
 if necessary1 and the establishment of 
appropriate liaison relationships with  
local public and private sector         
officials and entities4  7c7 ,reports   
required  7#a7 ,report on establishment 
,upon establishment of the pilot program
 required by subsection 7a71 the        
,secretary of ,state shall provide the  
appropriate committees of ,congress with
 a detailed report and briefing         
describing the pilot program1 the major 
elements of the program1 the personnel  
and institutions involved1 and the      
degree to which the program incorporates
 the elements described in subsection   
7a74  7#b7 ,follow-up report ,not later 
than one year after the report required 
by paragraph 7#a71 the ,secretary of    
,state shall provide the appropriate    
committees of ,congress with a detailed 
report and briefing describing the      

operations over the previous year of the
 pilot program established pursuant to  
subsection 7a71 as well as the          
,secretary's assessment of its          
performance and suitability for becoming
 a permanent program4  7#c7 ,form ,each 
report required under this subsection   
shall be submitted in unclassified form1
 but may include a classified annex4    
7d7 ,declaration of a major economic    
threat required  7#a7 ,notification ,the
 ,president may activate an economic    
defense response team for a period of   
#ahj days under the authorities of this 
section to assist a partner country in  
responding to an unusual and            
extraordinary economic coercive threat  
by an adversary of the ,united ,states  
upon the declaration of a coercive      
economic emergency1 together with       
notification to the ,committee on       
,foreign ,relations of the ,senate and  
the ,committee on ,foreign ,affairs of  
the ,house of ,representatives4  7#b7   
,extension authority ,the ,president may

 activate the response team for an      
additional #ahj days upon the submission
 of a detailed analysis to the          
committees described in paragraph 7#a7  
justifying why the continued deployment 
of the economic defense response team in
 response to the economic emergency is  
in the national interests of the ,united
 ,states4  7e7 ,sunset ,the authorities 
provided under this section shall expire
 on ,december #ca1 #bjbg4  7f7          
,authorization of appropriations ,there 
is authorized to be appropriated        
#bj1jjj1jjj for each of fiscal years    
#bjbd through #bjbh4  7g7 ,rule of      
construction ,neither the authority to  
declare an economic crisis provided for 
in subsection 7d71 nor the declaration  
of an economic crisis pursuant to       
subsection 7d71 shall confer or be      
construed to confer any authority1      
power1 duty1 or responsibility to the   
,president other than the authority to  
activate an economic defense response   
team as described in this section4  7h7 

,appropriate committees of ,congress    
defined ,in this section1 the term      
appropriate committees of ,congress     
means-- 7#a7 the ,committee on ,foreign 
,relations1 the ,committee on ,banking1 
,housing1 and ,urban ,affairs1 the      
,committee on ,commerce1 ,science1 and  
,transportation1 the ,committee on      
,energy and ,natural ,resources1 the    
,committee on ,agriculture1 ,nutrition1 
and ,forestry1 the ,committee on ,armed 
,services1 and the ,committee on        
,finance of the ,senate2 and  7#b7 the  
,committee on ,foreign ,affairs1 the    
,committee on ,financial ,services1 the 
,committee on ,energy and ,commerce1 the
 ,committee on ,agriculture1 the        
,committee on ,armed ,services1 and the 
,committee on ,ways and ,means of the   
,house of ,representatives4  ,,iii      
,cooperating with allies and partners   
#cja4 ,investing in talent in ,southeast
 ,asia and the ,pacific ,islands  7a7   
,definitions ,in this section3 7#a7     
,appropriate congressional committees   

,the term appropriate congressional     
committees means-- 7,a7 the ,committee  
on ,foreign ,relations and the          
,committee on ,appropriations of the    
,senate2 and  7,b7 the ,committee on    
,foreign ,affairs and the ,committee on 
,appropriations of the ,house of        
,representatives4  7#b7 ,pacific        
,islands ,the term ,pacific ,islands    
means the nations of ,federated ,states 
of ,micronesia1 ,fiji1 ,kiribati1       
,nauru1 ,palau1 ,papua ,new ,guinea1    
,republic of ,marshall ,islands1 ,samoa1
 ,solomon ,islands1 ,tonga1 ,tuvalu1 and
 ,vanuatu4  7#c7 ,southeast ,asia ,the  
term ,southeast ,asia means the nations 
of ,brunei ,darussalam1 ,cambodia1      
,indonesia1 ,lao ,,pdr1 ,malaysia1      
,myanmar1 the ,philippines1 ,singapore1 
,thailand1 ,vietnam1 and ,timor-,leste4 
7b7 ,establishment of center of         
excellence ,the ,secretary1 in          
coordination with the heads of relevant 
,federal departments and agencies1 is   
authorized to enter into public-private 

partnerships and establish a center of  
excellence located in a ,southeast      
,asian country to build and enhance the 
technical capacity of officials1        
emerging leaders1 and other qualified   
persons from countries in ,southeast    
,asia and the ,pacific ,islands4  7c7   
,priority areas for technical assistance
 and capacity building ,the center of   
excellence established under subsection 
7b7 will provide technical assistance   
and capacity building in the following  
areas3 7#a7 ,revenue1 customs1 and      
income4  7#b7 ,regulatory management4   
7#c7 ,procurement processes1 including  
tendering1 bidding1 and contract        
negotiation4  7#d7 ,budget management   
and oversight4  7#e7 ,management of key 
economic sectors1 including energy1     
digital economy1 and infrastructure4    
7d7 ,terms and conditions ,the program  
authorized under this section shall--   
7#a7 leverage existing ,united ,states  
foreign assistance programs and         
activities in ,southeast ,asia and the  

,pacific ,islands1 which may include    
assistance provided under-- 7,a7 future 
leaders initiatives1 such as the ,young 
,southeast ,asia ,leaders ,initiative   
and the ,young ,pacific ,leaders        
,program2  7,b7 the ,american ,schools  
and ,hospitals ,abroad ,act 7#bb        
,u4,s4,c4 #bagd72  7,c7 the ,millennium 
,challenge ,act of #bjjc 7#bb ,u4,s4,c4 
#ggja72  7,d7 ,u4,s4-,support for       
,economic ,growth in ,asia              
7,,us-,,sega72 and  7,e7 other relevant 
education or scholarship programs2  7#b7
 be supported by instructors that-- 7,a7
 7i7 currently serve in relevant areas  
of the ,united ,states ,government with 
a rank of not less than #ab on the ,,gs 
scale2 or  7ii7 possess at least ten    
years of experience relevant to the     
areas of instruction identified in      
subsection 7c72  7,b7 meet high         
professional standards within their     
fields2 and  7,c7 are contracted by the 
center of excellence established under  
subsection 7b7 or are deployed or       

detailed directly from a ,federal       
,government agency2  7#c7 seek to       
attract participants who-- 7,a7 7i7 are 
currently senior or mid-career officials
 in key technical ministries of         
participating countries in ,southeast   
,asia or the ,pacific ,islands2  7ii7   
have demonstrated leadership potential  
and direct responsibility for crafting  
or implementing policies relevant to the
 areas of instruction identified in     
subsection 7c72 and  7iii7 commit to    
return to government service for a      
period of not less than five years after
 completing the program outlined in this
 section2 or  7,b7 are currently        
employed in utilities1 publicly or      
privately owned companies1 or other     
non-government entities with direct     
responsibility for crafting or          
implementing policies relevant to the   
areas of instruction identified in      
subsection 7c72 and  7#d7 require       
financial or in-kind contributions from 
participating governments1 commensurate 

with the gross domestic product of the  
countries4  7e7 ,authorization ,to enter
 into memoranda of understanding ,to    
fulfill the terms and conditions        
specified by subsection 7d71 the        
,secretary of ,state is authorized to   
enter into memoranda of understanding   
with participating governments to       
determine what financial or in-kind     
contributions will be made by the       
,united ,states and what financial or   
in-kind contributions will be made by   
the participating government4  7f7      
,specification for memoranda of         
understanding ,the value of financial or
 in-kind contributions by the ,united   
,states and a particular participating  
government shall be determined and      
audited by an independent entity chosen 
by mutual agreement of the ,united      
,states and such government4  7g7       
,consultation and reporting requirements
  7#a7 ,consultation ,the ,secretary    
shall consult with the appropriate      
congressional committees prior to the   

obligation of funds authorized to be    
appropriated under this ,act4  7#b7     
,consultation on expansion outside      
,southeast ,asia and the ,pacific       
,islands ,the ,secretary shall consult  
with the appropriate congressional      
committees prior to expanding the       
availability of this program to nations 
outside of ,southeast ,asia and the     
,pacific ,islands4  7#c7 ,annual report 
,the ,secretary shall submit to the     
appropriate congressional committees an 
annual report on the activities of the  
program authorized under this subsection
 through fiscal year #bjbf4 ,the report 
shall include-- 7,a7 a description of   
all major activities in the previous    
year2  7,b7 a description of the        
financial and other contributions of the
 ,united ,states ,government2  7,c7 a   
description of the contributions made by
 governments in ,southeast ,asia or the 
,pacific ,islands2  7,d7 an assessment  
of the program's successes2 and  7,e7 an
 assessment of any required authorities1

 funding1 or other alterations to       
improve the program's effectiveness4    
7h7 ,authorization of appropriations    
,there is authorized to be appropriated 
#ae1jjj1jjj for each of fiscal years    
#bjbd through #bjbh to carry out this   
section4  #cjb4 ,regulatory exchanges   
with allies and partners  7a7 ,in       
general ,the ,secretary of ,state1 in   
coordination with the heads of other    
participating ,federal agencies1 shall  
establish and develop a program to      
facilitate and encourage regular        
dialogues between ,united ,states       
,government regulatory and technical    
agencies and their counterpart          
organizations in allied and partner     
countries1 both bilaterally and in      
relevant multilateral institutions and  
organizations-- 7#a7 to promote best    
practices in regulatory formation and   
implementation2  7#b7 to collaborate to 
achieve optimal regulatory outcomes     
based on scientific1 technical1 and     
other relevant principles2  7#c7 to seek

 better harmonization and alignment of  
regulations and regulatory practices2   
7#d7 to build consensus around industry 
and technical standards in emerging     
sectors that will drive future global   
economic growth and commerce2 and  7#e7 
to promote ,united ,states standards    
regarding environmental1 labor1 and     
other relevant protections in regulatory
 formation and implementation1 in       
keeping with the values of free and open
 societies1 including the rule of law4  
7b7 ,prioritization of activities ,in   
facilitating expert exchanges under     
subsection 7a71 the ,secretary shall    
prioritize-- 7#a7 bilateral coordination
 and collaboration with countries where 
greater regulatory coherence1           
harmonization of standards1 or          
communication and dialogue between      
technical agencies is achievable and    
best advances the economic and national 
security interests of the ,united       
,states2  7#b7 multilateral coordination
 and collaboration where greater        

regulatory coherence1 harmonization of  
standards1 or dialogue on other relevant
 regulatory matters is achievable and   
best advances the economic and national 
security interests of the ,united       
,states1 including with-- 7,a7 the      
,european ,union2  7,b7 the             
,asia-,pacific ,economic ,cooperation2  
7,c7 the ,association of ,southeast     
,asian ,nations 7,,asean72  7,d7 the    
,organization for ,economic ,cooperation
 and ,development 7,,oecd72 and  7,e7   
multilateral development banks2 and     
7#c7 regulatory practices and           
standards-setting bodies focused on key 
economic sectors and emerging           
technologies4  7c7 ,participation by    
nongovernmental entities ,with regard to
 the program described in subsection    
7a71 the ,secretary of ,state may       
facilitate1 including through the use of
 amounts appropriated pursuant to       
subsection 7e71 the participation of    
private sector representatives1 and     
other relevant organizations and        

individuals with relevant expertise1 as 
appropriate and to the extent that such 
participation advances the goals of such
 program4  7d7 ,delegation of authority 
by the ,secretary ,the ,secretary of    
,state is authorized to delegate the    
responsibilities described in this      
section to the ,under ,secretary of     
,state for ,economic ,growth1 ,energy1  
and the ,environment4  7e7              
,authorization of appropriations  7#a7  
,in general ,there is authorized to be  
appropriated #b1ejj1jjj for each of     
fiscal years #bjbd through #bjbh to     
carry out this section4  7#b7 ,use of   
funds ,the ,secretary may make available
 amounts appropriated pursuant to       
paragraph 7#a7 in a manner that-- 7,a7  
facilitates participation by            
representatives from technical agencies 
within the ,united ,states ,government  
and their counterparts2 and  7,b7       
complies with applicable procedural     
requirements under the ,state           
,department ,basic ,authorities ,act of 

#aief 7#bb ,u4,s4,c4 #bfea;a et seq47   
and the ,foreign ,assistance ,act of    
#aifa 7#bb ,u4,s4,c4 #baea et seq474    
#cjc4 ,infrastructure ,transaction and  
,assistance ,network  7a7 ,authority    
,the ,secretary of ,state is authorized 
to establish an initiative1 to be known 
as the ,infrastructure ,transaction and 
,assistance ,network1 under which the   
,secretary of ,state1 in consultation   
with other relevant ,federal agencies1  
may carry out various programs to       
advance the development of sustainable1 
transparent1 and high-quality           
infrastructure in the ,indo-,pacific    
region by-- 7#a7 strengthening          
capacity-building programs to improve   
project evaluation processes1 regulatory
 and procurement environments1 and      
project preparation capacity of         
countries that are partners of the      
,united ,states in such development2    
7#b7 providing transaction advisory     
services and project preparation        
assistance to support sustainable       

infrastructure2 and  7#c7 coordinating  
the provision of ,united ,states        
assistance for the development of       
infrastructure1 including infrastructure
 that utilizes ,united                  
,states-manufactured goods and services1
 and catalyzing investment led by the   
private sector4  7b7 ,transaction       
,advisory ,fund ,as part of the         
,infrastructure ,transaction and        
,assistance ,network described under    
subsection 7a71 the ,secretary of ,state
 is authorized to provide support1      
including through the ,transaction      
,advisory ,fund1 for advisory services  
to help boost the capacity of partner   
countries to evaluate contracts and     
assess financial1 environmental1 or     
other relevant impacts of potential     
infrastructure projects1 including      
through providing services such as--    
7#a7 legal services2  7#b7 project      
preparation and feasibility studies2    
7#c7 debt sustainability analyses2  7#d7
 bid or proposal evaluation2 and  7#e7  

other services relevant to advancing the
 development of sustainable1            
transparent1 and high-quality           
infrastructure4  7c7 ,strategic         
,infrastructure ,fund  7#a7 ,in general 
,as part of the ,infrastructure         
,transaction and ,assistance ,network   
described under subsection 7a71 the     
,secretary of ,state is authorized to   
provide support1 including through the  
,strategic ,infrastructure ,fund1 for   
technical assistance1 project           
preparation1 pipeline development1 and  
other infrastructure project support4   
7#b7 ,joint infrastructure projects     
,funds authorized for the ,strategic    
,infrastructure ,fund should be used in 
coordination with the ,department of    
,defense1 the ,international            
,development ,finance ,corporation1     
like-minded donor partners1 and         
multilateral banks1 as appropriate1 to  
support joint infrastructure projects in
 the ,indo-,pacific region4  7#c7       
,strategic infrastructure projects      

,funds authorized for the ,strategic    
,infrastructure ,fund should be used to 
support strategic infrastructure        
projects that are in the national       
security interest of the ,united ,states
 and vulnerable to strategic            
competitors4  7d7 ,authorization of     
appropriations ,there is authorized to  
be appropriated1 for each of fiscal     
years #bjbd to #bjbh1 #ge1jjj1jjj to the
 ,infrastructure ,transaction and       
,assistance ,network1 of which          
#bj1jjj1jjj is to be provided for the   
,transaction ,advisory ,fund4  #cjd4    
,digital ,connectivity and              
,cybersecurity ,partnership  7a7        
,digital ,connectivity and              
,cybersecurity ,partnership ,the        
,secretary of ,state is authorized to   
establish a program1 to be known as the 
,digital ,connectivity and              
,cybersecurity ,partnership to help     
foreign countries-- 7#a7 expand and     
increase secure internet access and     
digital infrastructure in emerging      

markets2  7#b7 protect technological    
assets1 including data2  7#c7 adopt     
policies and regulatory positions that  
foster and encourage open1              
interoperable1 reliable1 and secure     
internet1 the free flow of data1        
multi-stakeholder models of internet    
governance1 and pro-competitive and     
secure information and communications   
technology 7,,ict7 policies and         
regulations2  7#d7 promote exports of   
,united ,states ,,ict goods and services
 and increase ,united ,states company   
market share in target markets2  7#e7   
promote the diversification of ,,ict    
goods and supply chain services to be   
less reliant on imports from the        
,people's ,republic of ,china2 and  7#f7
 build cybersecurity capacity1 expand   
interoperability1 and promote best      
practices for a national approach to    
cybersecurity4  7b7 ,implementation plan
 ,not later than #ahj days after the    
date of the enactment of this ,act1 the 
,secretary of ,state shall submit to the

 appropriate committees of ,congress an 
implementation plan for the coming year 
to advance the goals identified in      
subsection 7a74  7c7 ,consultation ,in  
developing the action plan required by  
subsection 7b71 the ,secretary of ,state
 shall consult with-- 7#a7 the          
appropriate congressional committees2   
7#b7 leaders of the ,united ,states     
industry2  7#c7 other relevant          
technology experts1 including the ,open 
,technology ,fund2  7#d7 representatives
 from relevant ,united ,states          
,government agencies2 and  7#e7         
representatives from like-minded allies 
and partners4  7d7 ,briefing requirement
 ,not later than #ahj days after the    
date of the enactment of this ,act1 and 
annually thereafter for five years1 the 
,secretary of ,state shall provide the  
appropriate congressional committees a  
briefing on the implementation of the   
plan required by subsection 7b74  7e7   
,authorization of appropriations ,there 
is authorized to be appropriated        

#ajj1jjj1jjj for each of fiscal years   
#bjbd through #bjbh to carry out this   
section4  ,,iv ,boosting international  
trade and investment  #dja4 ,pilot      
program to audit barriers to trade in   
developing partner countries  7a7       
,establishment ,the ,secretary of ,state
 shall establish a pilot program-- 7#a7 
to identify and evaluate barriers to    
trade and investment in developing      
countries that are partners of the      
,united ,states2 and  7#b7 to provide   
assistance relating to trade capacity   
building and trade facilitation to those
 countries4  7b7 ,purposes ,under the   
pilot program established under         
subsection 7a71 the ,secretary shall1 in
 partnership with the countries selected
 under subsection 7c77#a7 to participate
 in the pilot program-- 7#a7 identify   
barriers in those countries to enhancing
 international trade and investment with
 the goal of setting priorities for the 
efficient use of ,united ,states        
trade-related assistance2  7#b7 focus   

,united ,states trade-related assistance
 on building self-sustaining            
institutional capacity for expanding    
international trade in those countries1 
consistent with international           
obligations and commitments2 and  7#c7  
further the national interests of the   
,united ,states by-- 7,a7 expanding     
prosperity through the elimination of   
foreign barriers to trade and           
investment2  7,b7 assisting the         
countries selected under subsection     
7c77#a7 to identify and reduce barriers 
to-- 7i7 the movement of goods in       
international commerce2 and  7ii7       
foreign investment2  7,c7 assisting     
those countries in undertaking reforms  
that will encourage economic engagement 
and sustainable development2 and  7,d7  
assisting private sector entities in    
those countries to engage in reform     
efforts and enhance productive global   
supply chain partnerships with the      
,united ,states and allies and partners 
of the ,united ,states4  7c7 ,selection 

of countries  7#a7 ,in general ,the     
,secretary shall select countries for   
participation in the pilot program under
 subsection 7a7 from among countries--  
7,a7 that are developing countries and  
partners of the ,united ,states2  7,b7  
the governments of which have clearly   
demonstrated a willingness to make      
appropriate legal1 policy1 and          
regulatory reforms by adopting          
internationally recognized best         
practices that are proven to stimulate  
economic growth and job creation1       
consistent with international trade     
rules and practices2 and  7,c7 that meet
 such additional criteria as may be     
established jointly by the ,secretary   
and the ,administrator of the ,united   
,states ,agency for ,international      
,development4  7#b7 ,considerations for 
additional criteria ,in establishing    
additional criteria under paragraph     
7#a77;,c71 the ,secretary and the       
,administrator shall-- 7,a7 identify and
 address structural weaknesses1 systemic

 flaws1 or other impediments within     
countries that may be considered for    
participation in the pilot program under
 subsection 7a7 that impact the         
effectiveness of ,united ,states        
trade-related assistance and make       
recommendations for addressing those    
weaknesses1 flaws1 and impediments2     
7,b7 set priorities for trade capacity  
building to focus resources on countries
 where the provision of trade-related   
assistance can deliver the best value in
 identifying and eliminating barriers to
 trade and investment1 including by     
fostering adherence to international    
trade obligations2 and  7,c7 developing 
appropriate performance measures and    
establishing annual targets to monitor  
and assess progress toward those        
targets1 including measures to be used  
to terminate the provision of assistance
 determined to be ineffective4  7#c7    
,number and deadline for selections     
7,a7 ,in general ,not later than #bgj   
days after the date of the enactment of 

this ,act1 and annually thereafter1 the 
,secretary1 with the concurrence of the 
,united ,states ,trade ,representative  
and the ,administrator1 shall select    
countries under paragraph 7#a7 for      
participation in the pilot program under
 subsection 7a74  7,b7 ,number ,the     
,secretary shall select for             
participation in the pilot program under
 subsection 7a7-- 7i7 not fewer than #e 
countries during the one-year period    
beginning on the date of the enactment  
of this ,act2 and  7ii7 not fewer than  
#ae countries during the #e-year period 
beginning on such date of enactment4    
7#d7 ,prioritization based on           
recommendations from chiefs of mission  
,in selecting countries under paragraph 
7#a7 for participation in the pilot     
program under subsection 7a71 the       
,secretary1 with the concurrence of the 
,trade ,representative and the          
,administrator1 shall prioritize        
countries recommended by chiefs of      
mission that-- 7,a7 will be able to     

substantially benefit from expanded     
,united ,states trade-related           
assistance2 and  7,b7 the governments of
 which have demonstrated the political  
will to effectively and sustainably     
implement such assistance4  7d7         
,evaluation of areas of cooperation ,in 
carrying out the pilot program          
established under subsection 7a71 the   
,secretary of ,state shall use the      
principal trade negotiating objectives  
set forth in section #ajb7;b7 of the    
,bipartisan ,congressional ,trade       
,priorities and ,accountability ,act of 
#bjae 7#ai ,u4,s4,c4 #dbja7;b77 to      
determine areas of cooperation with a   
country selected under subsection       
7c77#a7 to participate in the pilot     
program4  7e7 ,plans of action  7#a7 ,in
 general ,the ,administrator1 in        
coordination with the ,secretary1 shall 
lead efforts to engage relevant         
officials of each country selected under
 subsection 7c77#a7 to participate in   
the pilot program under subsection 7a7  

with respect to the development of a    
plan of action to promote conditions    
favorable for business and commercial   
development and economic and job growth 
in the country4  7#b7 ,analysis required
 ,the development of a plan of action   
under paragraph 7#a7 shall include a    
comprehensive analysis of relevant      
legal1 policy1 and regulatory           
constraints to economic and job growth  
in that country4  7#c7 ,elements ,a plan
 of action developed under paragraph    
7#a7 for a country shall include the    
following3 7,a7 ,priorities for reform  
agreed to by the government of that     
country and the ,united ,states4  7,b7  
,clearly defined policy responses1      
including regulatory and legal reforms1 
as necessary1 to achieve improvement in 
the business and commercial environment 
in the country4  7,c7 ,identification of
 the anticipated costs to establish and 
implement the plan4  7,d7               
,identification of appropriate          
sequencing and phasing of implementation

 of the plan to create cumulative       
benefits1 as appropriate4  7,e7         
,identification of best practices and   
standards4  7,f7 ,considerations with   
respect to how to make the policy reform
 investments under the plan             
long-lasting4  7,g7 ,appropriate        
consultation with affected stakeholders 
in that country and in the ,united      
,states4  7f7 ,termination ,the pilot   
program established under subsection 7a7
 shall terminate on the date that is #e 
years after the date of the enactment of
 this ,act4  #djb4 ,promoting adoption  
of ,united ,nations ,convention on      
,assignment of ,receivables in          
,international ,trade  7a7 ,findings    
,congress makes the following findings3 
7#a7 ,the ,united ,nations ,convention  
on the ,assignment of ,receivables in   
,international ,trade1 done at ,new     
,york ,december #ab1 #bjja1 and signed  
by the ,united ,states on ,december #cj1
 #bjjc 7in this section referred to as  
the ,convention71 establishes uniform   

international rules governing a form of 
financing widely used in the ,united    
,states involving the assignment of     
receivables4  7#b7 ,receivables         
financing is an important tool in       
helping ,united ,states businesses      
secure working capital financing4       
,within the ,united ,states1 lenders and
 buyers of receivables provide financing
 based on the use of receivables from   
debtors located within the ,united      
,states as working capital collateral4  
7#c7 ,receivables financing occurs in   
transactions in which businesses either 
sell their rights to payments from their
 customers 7known as receivables7 to a  
bank or other financial institution1 or 
use their rights to those payments as   
collateral for a loan from a lender4    
,the businesses selling or using their  
receivables as collateral are referred  
to as assignors and buyers and lenders  
are referred to as assignees4  7#d7     
,many countries1 however1 do not have   
the kinds of modern commercial finance  

laws on the assignment of receivables   
required to implement the ,convention4  
7#e7 ,united ,states-based lenders are  
less willing to make loans secured by   
receivables owed by debtors located     
outside the ,united ,states1 as such    
cross-border transactions may involve   
countries the laws of which are         
inconsistent with modern financial      
practices4  7#f7 ,because of the risk1  
cost1 and uncertainty created by        
receivables financing laws in other     
countries1 which vary greatly or can be 
vague or unpredictable1 the ability of  
small and medium-sized ,united ,states  
businesses to access financing from     
lenders using international accounts    
receivables derived from exports or     
other cross-border transactions is      
severely limited4  7#g7 ,expanded access
 to receivables financing in            
international trade1 which the          
,convention would promote1 will provide 
,united ,states businesses with an      
additional source of capital at no cost 

to the ,united ,states taxpayer1        
benefitting small and medium-sized      
businesses that use receivables         
financing4  7#h7 ,the ,convention is    
consistent with article #i of the       
,united ,states ,uniform ,commercial    
,code1 as adopted by all #ej ,states1   
the ,district of ,columbia1 and the     
territories of ,puerto ,rico and the    
,virgin ,islands4  7#i7 ,the ,convention
 includes extensive rules on the use of 
receivables to finance operations1 using
 receivables as collateral1 and how to  
resolve potential conflicts of law      
arising from the use of receivables4    
7#aj7 ,adoption of the ,convention would
 establish more predictability and      
uniformity with respect to receivables  
financing in cross-border transactions1 
thereby opening up new opportunities for
 trade and economic growth between the  
,united ,states and its partners in the 
developing world4  7#aa7 ,the ,senate   
consented to ratification of the        
,convention in ,january #bjai4  7#ab7   

,the ,president ratified the ,convention
 in ,october #bjai4  7b7 ,sense of the  
,senate ,it is the sense of the ,senate 
that the ,secretary of ,state should1 in
 the regular course of economic         
dialogues with developing countries that
 are partners of the ,united ,states1   
promote the adoption and implementation 
of the ,convention as an important      
tool-- 7#a7 to help attract foreign     
investment to and trade with such       
countries2 and  7#b7 to establish a     
predictable1 rules-based framework that 
can help such countries create          
additional sources of capital at no     
cost1 benefitting small and medium-sized
 businesses that use receivables        
financing4  ,v ,combating               
anti-competitive behavior  #eja4        
,predatory pricing by entities owned1   
controlled1 or directed by a foreign    
state  7a7 ,prohibited acts  7#a7 ,in   
general ,no entity owned1 controlled1 or
 directed by a foreign state or an agent
 or instrumentality of a foreign state  

7as defined in section #afjc of title   
#bh1 ,united ,states ,code7 and         
participating in international commerce 
may establish or set prices below the   
average variable cost in a manner that  
may foreseeably harm competition4  7#b7 
,economic support ,in determining the   
average variable cost under paragraph   
7#a71 the court may take into account   
the effects of economic support provided
 by the owning or controlling foreign   
state to the entity on a discriminatory 
basis that may allow the entity to      
unfairly price at or below marginal     
cost4  7#c7 ,government subsidies ,in   
determining the foreseeability of the   
elimination of market competitors under 
paragraph 7#a71 the court may take into 
account the aggravating factor of the   
actions of the foreign state owning or  
controlling the entity referred to in   
such paragraph to use government        
resources to subsidize or underwrite the
 losses of the entity in a manner that  
allows the entity to sustain the        

predatory period and recoup its losses4 
7#d7 ,market power not required ,for the
 purpose of establishing the elements of
 7a77#a71 the plaintiff shall not be    
required to demonstrate that the        
defendant has monopoly or market power4 
7b7 ,recovery of damages ,any person 7as
 defined in section #a7;a7 of the       
,clayton ,act 7#ae ,u4,s4,c4 #ab7;a77   
whose business or property is injured as
 a result of the actions of an entity   
described in subsection 7a7 shall be    
entitled to recovery from the defendant 
for damages and other related costs     
under section #d of such ,act 7#ae      
,u4,s4,c4 #ae74  7c7 ,elements of prima 
facie case ,a plaintiff may initiate a  
claim against a defendant in an         
appropriate ,federal court for a        
violation of subsection 7a7 in order to 
recover damages under subsection 7b7    
by-- 7#a7 establishing1 by a            
preponderance of the evidence1 that the 
defendant-- 7,a7 is a foreign state or  
an agency or instrumentality of a       

foreign state 7as defined in section    
#afjc of title #bh1 ,united ,states     
,code72 and  7,b7 is not immune from the
 jurisdiction of the ,federal court     
pursuant to section #afje7;a77#b7 of    
title #bh1 ,united ,states ,code2 and   
7#b7 setting forth sufficient evidence  
to establish a reasonable inference that
 the defendant has violated subsection  
7a74  7d7 ,court determination leading  
to evidentiary burden shifting to       
defendant ,if a ,federal court finds    
that a plaintiff has met its burden of  
proof under subsection 7c71 the court   
may determine that-- 7#a7 the plaintiff 
has established a prima facie case that 
the conduct of the defendant is in      
violation of subsection 7a72 and  7#b7  
the defendant has the burden of         
rebutting such case by establishing that
 the defendant is not in violation of   
subsection 7a74  7e7 ,filing of amicus  
briefs by the ,department of ,state and 
,department of ,justice regarding       
international comity and harm to        

competition  7#a7 ,in general ,for the  
purposes of considering questions of    
international comity with respect to    
making decisions regarding commercial   
activity and the scope of applicable    
sovereign immunity1 the ,federal court  
may receive and consider relevant amicus
 briefs filed by the ,secretary of      
,state4  7#b7 ,attorney ,general ,for   
the purposes of considering questions   
regarding assessing potential harm to   
competition1 the ,federal court may     
receive and consider relevant amicus    
briefs filed by the ,attorney ,general4 
7#c7 ,savings provision ,nothing in     
paragraph 7#a7 may be construed to limit
 the ability of the ,federal court to   
receive and consider any other amicus   
briefs4  #ejb4 ,expansion of offense of 
theft of trade secrets to include       
unauthorized development of products and
 digital articles  7a7 ,in general      
,section #ahcb7;a7 of title #ah1 ,united
 ,states ,code1 is amended-- 7#a7 by    
redesignating paragraphs 7#d7 and 7#e7  

as paragraphs 7#e7 and 7#f71            
respectively2  7#b7 by inserting after  
paragraph 7#c7 the following3  7#d7     
without authorization modifies or       
develops a product or digital article   
that could not have been modified or    
developed in the same way without access
 to such information2  2 and  7#c7 in   
paragraphs 7#e7 and 7#f71 as            
redesignated by paragraph 7#a71 by      
striking through 7#c7 and inserting     
through 7#d74  7b7 ,applicability ,to   
conduct outside the ,united ,states     
,section #ahcg of title #ah1 ,united    
,states ,code1 is amended-- 7#a7 in     
paragraph 7#a71 by striking 2 or and    
inserting a semicolon2  7#b7 in         
paragraph 7#b71 by striking the period  
at the end and inserting 2 or2 and  7#c7
 by adding at the end the following new 
paragraph3  7#c7 in the case of a       
violation of section #ahcb7;a77#d71 the 
offender attempts to import a product or
 digital article described in that      
section into the ,united ,states4  4    

7c7 ,definitions ,section #ahci of title
 #ah1 ,united ,states ,code1 is         
amended-- 7#a7 in paragraph 7#c71 in the
 matter preceding subparagraph 7,a71 by 
inserting data1 after programs12  7#b7  
in paragraph 7#f77;,b71 by striking 2   
and and inserting a semicolon2  7#c7 in 
paragraph 7#g71 by striking the period  
at the end and inserting 2 and2 and     
7#d7 by adding at the end the following 
new paragraph3  7#h7 the term digital   
article means an algorithm1 digitized   
process1 or database1 or any other      
electronic technology that generates1   
stores1 or processes data4  4  #ejc4    
,review of petitions related to         
intellectual property theft and forced  
technology transfer  7a7 ,definitions   
,in this section3 7#a7 ,appropriate     
congressional committees ,the term      
appropriate congressional committees    
means-- 7,a7 the ,committee on ,foreign 
,relations1 the ,committee on ,banking1 
,housing1 and ,urban ,affairs1 the      
,committee on ,commerce1 ,science1 and  

,transportation1 and the ,committee on  
the ,judiciary of the ,senate2 and  7,b7
 the ,committee on ,foreign ,affairs1   
the ,committee on ,financial ,services1 
the ,committee on ,energy and ,commerce1
 and the ,committee on the ,judiciary of
 the ,house of ,representatives4  7#b7  
,committee ,the term ,committee means   
the committee established or designated 
under subsection 7b74  7#c7 ,foreign    
person ,the term foreign person means a 
person that is not a ,united ,states    
person4  7#d7 ,intellectual property    
,the term intellectual property means-- 
7,a7 any work protected by a copyright  
under title #ag1 ,united ,states ,code2 
7,b7 any property protected by a patent 
granted by the ,united ,states ,patent  
and ,trademark ,office under title #ce1 
,united ,states ,code2  7,c7 any word1  
name1 symbol1 or device1 or any         
combination thereof1 that is registered 
as a trademark with the ,united ,states 
,patent and ,trademark ,office under the
 ,act entitled ,an ,act to provide for  

the registration and protection of      
trademarks used in commerce1 to carry   
out the provisions of certain           
international conventions1 and for other
 purposes1 approved ,july #e1 #aidf     
7commonly known as the ,lanham ,act or  
the ,trademark ,act of #aidf7 7#ae      
,u4,s4,c4 #ajea et seq472  7,d7 a trade 
secret 7as defined in section #ahci of  
title #ah1 ,united ,states ,code72 or   
7,e7 any other form of intellectual     
property4  7#e7 ,united states person   
,the term ,united ,states person means--
 7,a7 a ,united ,states citizen or an   
alien lawfully admitted for permanent   
residence to the ,united ,states2 or    
7,b7 an entity organized under the laws 
of the ,united ,states or any           
jurisdiction within the ,united ,states1
 including a foreign branch of such an  
entity4  7b7 ,establishment of a        
committee  7#a7 ,in general ,the        
,president shall-- 7,a7 establish a     
multi-agency committee to carry out this
 section2 or  7,b7 designate an existing

 multi-agency committee within the      
executive branch to carry out this      
section if the ,president determines    
that the existing committee has the     
relevant expertise and personnel to     
carry out this section4  7#b7           
,membership ,the ,committee shall be    
comprised of the following officials    
7or1 subject to paragraph 7#c71 a       
designee of any such official73 7,a7    
,the ,secretary of the ,treasury4  7,b7 
,the ,secretary of ,commerce4  7,c7 ,the
 ,secretary of ,state4  7,d7 ,the       
,attorney ,general4  7,e7 ,the ,director
 of ,national ,intelligence4  7,f7 ,the 
heads of such other agencies as the     
,president determines appropriate1      
generally or on a case-by-case basis4   
7#c7 ,designee ,an official specified in
 paragraph 7#b7 may select a designee to
 serve on the ,committee from among     
individuals serving in positions        
appointed by the ,president by and with 
the advice and consent of the ,senate4  
7#d7 ,chair and vice chair ,the         

,president shall appoint a chairperson  
and a vice chairperson of the ,committee
 from among the members of the          
,committee4  7c7 ,submission of         
petitions  7#a7 ,in general ,a ,united  
,states person described in paragraph   
7#c7 may submit a petition to the       
,committee requesting that the          
,committee-- 7,a7 review1 under         
subsection 7d71 a significant act or    
series of acts described in paragraph   
7#b7 committed by a foreign person2 and 
7,b7 refer the matter to the ,president 
with a recommendation to impose         
sanctions under subsection 7e7 to       
address any threat to the national      
security of the ,united ,states posed by
 the significant act or series of acts4 
7#b7 ,significant act or series of acts 
described ,a significant act or series  
of acts described in this paragraph is a
 significant act or series of acts of-- 
7,a7 theft of intellectual property of a
 ,united ,states person2 or  7,b7 forced
 transfer of technology that is the     

intellectual property of a ,united      
,states person4  7#c7 ,united states    
person described ,a ,united ,states     
person is described in this paragraph   
if-- 7,a7 a court of competent          
jurisdiction in the ,united ,states has 
rendered a final judgment in favor of   
the ,united ,states person that-- 7i7   
the foreign person identified in the    
petition submitted under paragraph 7#a7 
committed the significant act or series 
of acts identified in the petition2     
7ii7 the ,united ,states person is the  
owner of the intellectual property      
identified in the petition2 and  7iii7  
the foreign person is using that        
intellectual property without the       
permission of the ,united ,states       
person2 and  7,b7 the ,united ,states   
person can provide clear and convincing 
evidence to the ,committee that the     
value of the economic loss to the       
,united ,states person resulting from   
the significant act or series of acts   
exceeds #aj1jjj1jjj4  7d7 ,review and   

action by the committee  7#a7 ,review   
,upon receiving a petition under        
subsection 7c71 the ,committee shall    
conduct a review of the petition in     
order to determine whether the          
imposition of sanctions under subsection
 7e7 is necessary and appropriate to    
address any threat to the national      
security of the ,united ,states posed by
 the significant act or series of acts  
identified in the petition4  7#b7       
,action ,after conducting a review under
 paragraph 7#a7 of a petition submitted 
under subsection 7c71 the ,committee may
 take no action1 dismiss the petition1  
or refer the petition to the ,president 
with a recommendation with respect to   
whether to impose sanctions under       
subsection 7e74  7e7 ,imposition of     
sanctions  7#a7 ,in general ,the        
,president may impose the sanctions     
described in paragraph 7#c7 with respect
 to a foreign person identified in a    
petition submitted under subsection 7c7 
if the ,president determines that       

imposing such sanctions is necessary and
 appropriate to address any threat to   
the national security of the ,united    
,states posed by the significant act or 
series of acts identified in the        
petition4  7#b7 ,notice to congress ,not
 later than #cj days after the          
,committee refers a petition to the     
,president with a recommendation under  
subsection 7d77#b71 the ,president shall
 submit to the appropriate congressional
 committees a notice of the             
determination of the ,president under   
paragraph 7#a7 with respect to whether  
or not to impose sanctions described in 
paragraph 7#c7 with respect to each     
foreign person identified in the        
petition4 ,each notice required under   
this paragraph shall be submitted in    
unclassified form1 but may include a    
classified annex4  7#c7 ,sanctions      
described ,the sanctions that may be    
imposed under paragraph 7#a7 with       
respect to a foreign person identified  
in a petition submitted under subsection

 7c7 are the following3 7,a7 ,export    
sanction ,the ,president may order the  
,united ,states ,government not to issue
 any specific license and not to grant  
any other specific permission or        
authority to export any goods or        
technology to the person under-- 7i7 the
 ,export ,control ,reform ,act of #bjah 
7#ej ,u4,s4,c4 #dhja et seq472  7ii7 the
 ,arms ,export ,control ,act 7#bb       
,u4,s4,c4 #bgea et seq472  7iii7 the    
,atomic ,energy ,act of #aied 7#db      
,u4,s4,c4 #bjaa et seq472 or  7iv7 any  
other statute that requires the prior   
review and approval of the ,united      
,states ,government as a condition for  
the export or reexport of goods or      
services4  7,b7 ,loans from ,united     
,states financial institutions ,the     
,president may prohibit any ,united     
,states financial institution from      
making loans or providing credits to the
 person totaling more than #aj1jjj1jjj  
in any #ab-month period unless the      
person is engaged in activities to      

relieve human suffering and the loans or
 credits are provided for such          
activities4  7,c7 ,loans from           
international financial institutions    
,the ,president may direct the ,united  
,states executive director to each      
international financial institution to  
use the voice and vote of the ,united   
,states to oppose any loan from the     
international financial institution that
 would benefit the person4  7,d7        
,prohibitions on financial institutions 
,the following prohibitions may be      
imposed against the person if the person
 is a financial institution3 7i7        
,prohibition on designation as primary  
dealer ,neither the ,board of ,governors
 of the ,federal ,reserve ,system nor   
the ,federal ,reserve ,bank of ,new     
,york may designate1 or permit the      
continuation of any prior designation   
of1 the financial institution as a      
primary dealer in ,united ,states       
,government debt instruments4  7ii7     
,prohibition on service as a repository 

of government funds ,the financial      
institution may not serve as agent of   
the ,united ,states ,government or serve
 as repository for ,united ,states      
,government funds4  7,e7 ,procurement   
sanction ,the ,president may prohibit   
the ,united ,states ,government from    
procuring1 or entering into any contract
 for the procurement of1 any goods or   
services from the person4  7,f7 ,foreign
 exchange ,the ,president may1 pursuant 
to such regulations as the ,president   
may prescribe1 prohibit any transactions
 in foreign exchange that are subject to
 the jurisdiction of the ,united ,states
 and in which the person has any        
interest4  7,g7 ,banking transactions   
,the ,president may1 pursuant to such   
regulations as the ,president may       
prescribe1 prohibit any transfers of    
credit or payments between financial    
institutions or by1 through1 or to any  
financial institution1 to the extent    
that such transfers or payments are     
subject to the jurisdiction of the      

,united ,states and involve any interest
 of the person4  7,h7 ,property         
transactions ,the ,president may1       
pursuant to such regulations as the     
,president may prescribe1 prohibit any  
person from-- 7i7 acquiring1 holding1   
withholding1 using1 transferring1       
withdrawing1 transporting1 importing1 or
 exporting any property that is subject 
to the jurisdiction of the ,united      
,states and with respect to which the   
person identified in the petition has   
any interest2  7ii7 dealing in or       
exercising any right1 power1 or         
privilege with respect to such property2
 or  7iii7 conducting any transaction   
involving such property4  7,i7 ,ban on  
investment in equity or debt of         
sanctioned person ,the ,president may1  
pursuant to such regulations or         
guidelines as the ,president may        
prescribe1 prohibit any ,united ,states 
person from investing in or purchasing  
significant amounts of equity or debt   
instruments of the person4  7,j7        

,exclusion of corporate officers ,the   
,president may direct the ,secretary of 
,state to deny a visa to1 and the       
,secretary of ,homeland ,security to    
exclude from the ,united ,states1 any   
alien that the ,president determines is 
a corporate officer or principal of1 or 
a shareholder with a controlling        
interest in1 the person identified in   
the petition4  7,k7 ,sanctions on       
principal executive officers ,the       
,president may impose on the principal  
executive officer or officers of the    
person1 or on individuals performing    
similar functions and with similar      
authorities as such officer or officers1
 any of the sanctions described in this 
paragraph4  7f7 ,implementation2        
penalties  7#a7 ,implementation ,the    
,president may exercise all authorities 
provided to the ,president under        
sections #bjc and #bje of the           
,international ,emergency ,economic     
,powers ,act 7#ej ,u4,s4,c4 #agjb and   
#agjd7 to carry out this section4  7#b7 

,penalties ,a person that violates1     
attempts to violate1 conspires to       
violate1 or causes a violation of this  
section or any regulation1 license1 or  
order issued to carry out this section  
shall be subject to the penalties set   
forth in subsections 7b7 and 7c7 of     
section #bjf of the ,international      
,emergency ,economic ,powers ,act 7#ej  
,u4,s4,c4 #agje7 to the same extent as a
 person that commits an unlawful act    
described in subsection 7a7 of that     
section4  7g7 ,confidentiality of       
information  7#a7 ,in general ,the      
,committee shall protect from disclosure
 any proprietary information submitted  
by a ,united ,states person and marked  
as business confidential information1   
unless the person submitting the        
information-- 7,a7 had notice1 at the   
time of submission1 that the information
 would be released by the ,committee2 or
  7,b7 subsequently consents to the     
release of the information4  7#b7       
,treatment as trade secrets ,proprietary

 information submitted by a ,united     
,states person under this section shall 
be-- 7,a7 considered to be trade secrets
 and commercial or financial information
 7as those terms are used for purposes  
of section #eeb;b7c77#d7 of title #e1   
,united ,states ,code72 and  7,b7 exempt
 from disclosure without the express    
approval of the person4  7h7 ,rulemaking
 ,the ,president may prescribe such     
licenses1 orders1 and regulations as are
 necessary to carry out this section1   
including with respect to the process by
 which ,united ,states persons may      
submit petitions under subsection 7c74