,,ii #aahth ,,congress #b;d ,session ,s4 #djbf ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,march #ba1 #bjbd,mr4 ,romney 7for himself1 ,ms4 ,cortez ,masto1 ,mr4 ,lankford1 ,mr4 ,brown1 ,mr4 ,cornyn1 and ,mr4 ,young7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to require a report on the state of economic integration between the ,united ,states and the ,people's ,republic of ,china and the risks of that integration to the national security of the ,united ,states4 #a4 ,short title ,this ,act may be cited as the ,american ,economic ,independence ,act of #bjbd4 #b4 ,report on economic integration between the ,united ,states and the ,people's ,republic of ,china and risks to the national security of the ,united ,states 7a7 ,in general ,not later than one year after the date of the enactment of this ,act1 and every #c years thereafter for #ae years1 the ,president1 acting through the ,director of the ,office of ,management and ,budget 7in this section referred to as the ,director 71 and in consultation with the officials specified in subsection 7c71 shall submit to ,congress a report on-- 7#a7 the state of economic integration between the ,united ,states and the ,people's ,republic of ,china2 and 7#b7 the risks that integration poses to the national security interests of the ,united ,states4 7b7 ,elements ,each report required by subsection 7a7 shall include the following3 7#a7 ,an assessment of the current level of economic integration between the ,united ,states and the ,people's ,republic of ,china in each priority sector4 7#b7 ,an assessment of how economic integration between the ,united ,states and the ,people's ,republic of ,china has changed since #bjjj1 and is predicted to change during the #c years following submission of the report1 for each priority sector4 7#c7 ,an analysis of the extent to which the degree of current or predicted economic integration between the ,united ,states and the ,people's ,republic of ,china in each priority sector presents significant risks to the national security of the ,united ,states4 ,the analysis with respect to each such sector shall address the following3 7,a7 ,the sector's reliance on entities organized under the laws of1 or otherwise subject to the jurisdiction of1 the ,people's ,republic of ,china1 including entities owned or controlled by the ,government of the ,people's ,republic of ,china1 for foreign direct investment and other sources of financial capital4 7,b7 ,the sector's reliance on supply chains that have a significant dependence on products or processes based in the ,people's ,republic of ,china4 7,c7 ,an assessment of the risks of intellectual property theft or economic espionage by individuals or entities linked to or subject to the control of the ,government of the ,people's ,republic of ,china or the ,chinese ,communist ,party4 7,d7 ,an assessment of the risks to the defense industrial base of the ,united ,states4 7,e7 ,an assessment of the risks posed by the use of subsidies and the dumping of goods into the customs territory of the ,united ,states by entities in the ,people's ,republic of ,china1 including entities owned or controlled by the ,government of the ,people's ,republic of ,china4 7#d7 ,recommendations for steps the ,united ,states ,government should take to mitigate the risks identified under paragraph 7#c74 7#e7 ,any other information the ,director considers appropriate4 7c7 ,officials specified ,the officials specified in this subsection are the following3 7#a7 ,the ,secretary of ,state4 7#b7 ,the ,secretary of the ,treasury4 7#c7 ,the ,secretary of ,defense4 7#d7 ,the ,attorney ,general4 7#e7 ,the ,secretary of the ,interior4 7#f7 ,the ,secretary of ,commerce4 7#g7 ,the ,secretary of ,health and ,human ,services4 7#h7 ,the ,secretary of ,energy4 7#i7 ,the ,secretary of ,homeland ,security4 7#aj7 ,the ,united ,states ,trade ,representative4 7#aa7 ,the ,director of ,national ,intelligence4 7#ab7 ,the ,director of the ,national ,science ,foundation4 7#ac7 ,the head of any other agency the ,director considers appropriate4 7d7 ,consultation authority ,in developing a report required by subsection 7a71 the ,director may consult with any nongovernmental entity that the ,director considers necessary4 7e7 ,form of report ,each report required by subsection 7a7 shall be submitted to ,congress in unclassified form but may include a classified annex4 7f7 ,applicability of ,,foia ,nothing in this section1 or in a report required by subsection 7a71 shall be construed to allow the disclosure of information or a record that is exempt from public disclosure under section #eeb of title #e1 ,united ,states ,code 7commonly known as the ,freedom of ,information ,act74 7g7 ,applicability of ,paperwork ,reduction ,act ,subchapter ,i of chapter #ce of title #dd1 ,united ,states ,code 7commonly known as the ,paperwork ,reduction ,act71 shall not apply to this section4 7h7 ,priority sector defined ,in this section1 the term priority sector means one of the following elements of an economy3 7#a7 ,financial services4 7#b7 ,critical minerals 7as defined in section #gjjb7;a7 of the ,energy ,act of #bjbj 7#cj ,u4,s4,c4 #afjf7;a7771 including rare-earth elements1 that the ,secretary of ,defense determines to be important to the national security of the ,united ,states4 7#c7 ,semiconductors and microelectronics4 7#d7 ,artificial intelligence4 7#e7 ,communications1 including telecommunications1 social media applications1 satellites and other space-based systems1 and undersea cables4 7#f7 ,quantum computing4 7#g7 ,cloud-based systems1 including computing services and data storage4 7#h7 ,biotechnology4 7#i7 ,pharmaceuticals and medical technology1 including medical devices4 7#aj7 ,manufacturing processes1 particularly casting1 machining1 joining1 and forming4