,i  #aaith ,,congress  #b;d ,session    
,h4 ,r4 #gfge  ,,in ,,the ,,house ,,of  
,,representatives  ,february #be1       
#bjbf,mr4 ,castro of ,texas 7for himself
 and ,mrs4 ,kim7 introduced the         
following bill2 which was referred to   
the ,committee on ,foreign ,affairs  ,a 
,,bill  ,to require the ,secretary of   
,state to establish the ,initiative on  
,foreign ,investment ,screening1 and for
 other purposes4  #a4 ,short title ,this
 ,act may be cited as the ,securing     
,partner ,supply ,chains ,act4  #b4     
,initiative on foreign investment       
screening  7a7 ,findings ,congress finds
 the following3 7#a7 ,foreign investment
 can be beneficial to economic growth1  
but also presents risks to national     
security if critical infrastructure1    
sensitive technology1 or supply chains  
are compromised4  7#b7 ,many foreign    
countries lack robust regulatory        
frameworks to screen foreign investments
 for national security concerns4  7#c7  
,strengthening investment screening     

mechanisms worldwide supports ,united   
,states national security by enhancing  
allied and partner countries' resilience
 against malign foreign influence4  7#d7
 ,the ,united ,states has expertise in  
investment screening which can be       
leveraged to assist allies and partners4
  7b7 ,initiative on foreign investment 
screening  7#a7 ,establishment ,not     
later than #ahj days after the date of  
the enactment of this ,act1 the         
,secretary of ,state shall establish the
 ,initiative on ,foreign ,investment    
,screening 7in this section referred to 
as the ,initiative7 which shall         
terminate on the date that is #c years  
after the date of such establishment4   
7#b7 ,coordination ,the ,secretary shall
 coordinate with the heads of other     
government agencies1 as appropriate1 in 
the establishment and activities of the 
initiative4  7#c7 ,designated official  
,the ,secretary shall designate the     
,under ,secretary for ,economic ,growth1
 ,energy1 and the ,environment or the   

designee of the ,under ,secretary to    
lead the initiative4  7#d7 ,duties ,the 
,initiative shall-- 7,a7 provide        
technical assistance1 training1 and     
advisory services to foreign countries  
regarding best practices for screening  
foreign investments for national        
security risks to such countries2  7,b7 
facilitate coordination among ,united   
,states agencies1 the private sector1   
partner countries1 and civil society to 
promote investment security standards2  
7,c7 support the development and        
implementation of foreign investment    
screening mechanisms in partner         
countries through regulatory guidance   
and information sharing2  7,d7 assess   
the progress of partner countries in    
establishing robust investment screening
 mechanisms2 and  7,e7 conduct outreach 
and capacity-building efforts to enhance
 global awareness of investment security
 risks4  7#e7 ,annual report to         
,congress ,not later than one year after
 the date of enactment of this ,act1 and

 annually thereafter for #c years1 the  
,secretary shall submit to the          
appropriate congressional committees a  
report on the activities of the         
,initiative1 including-- 7,a7 a summary 
of technical assistance and training    
provided to foreign countries2  7,b7 an 
assessment of progress made by foreign  
countries in implementing investment    
screening mechanisms2  7,c7 an          
evaluation of emerging national security
 risks related to foreign investment2   
7,d7 recommendations for further ,united
 ,states engagement with foreign        
countries regarding investment security 
assistance2 and  7,e7 for each country  
determined by the ,secretary to be a    
partner country pursuant to subsection  
7c77#d77;,c7 and not included in a      
previous report required in this        
paragraph1 a detailed description of the
 reasons for such determination4  7c7   
,definitions ,in this section3 7#a7     
,appropriate congressional committees   
,the term appropriate congressional     

committees means the following3 7,a7    
,the ,committee on ,foreign ,affairs of 
the ,house of ,representatives4  7,b7   
,the ,committee on ,foreign ,relations  
of the ,senate4  7#b7 ,foreign          
investment ,the term foreign investment 
means direct or indirect investment in  
the economy of a country by-- 7,a7 an   
individual who is not a citizen or      
national of such country2 or  7,b7 an   
entity that is not organized under the  
laws of such country or any jurisdiction
 within such country4  7#c7 ,national   
security risk ,the term national        
security risk means a risk related to   
critical infrastructure1 sensitive      
technology1 supply chain                
vulnerabilities1 or malign foreign      
influence4  7#d7 ,partner country ,the  
term partner country means the          
following3 7,a7 ,a country with which   
the ,united ,states has entered into a  
bilateral or multilateral free trade    
agreement4  7,b7 ,a country with which  
the ,united ,states has entered into a  

mutual defense agreement by treaty4     
7,c7 ,any other country1 as determined  
by the ,secretary4