,i #aai? ,,congress #b;d ,session ,h4 ,r4 #iche ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,june #bb1 #bjbf,mr4 ,fitzg]ald introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,en]gy & ,comm]ce1 & 9 addition to ! ,committee on ! ,judici>y1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to prohibit entities integral to ! national int]e/s ( ! ,unit$ ,/ates f p>ticipat+ 9 any =eign su/a9ability due dilig5ce regulation1 includ+ ! ,corporate ,su/a9ability ,due ,dilig5ce ,directive ( ! ,european ,union1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,prev5t ,regulatory ,ov]rea* f ,turn+ ,ess5tial ,companies into ,t>gets ,act ( #bjbf or ! ,,protect ,,usa ,act ( #bjbf4 #b4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,! ability ( citiz5s ( ! ,unit$ ,/ates to engage 9 int]national comm]ce is a fundam5tal conc]n ( ! policy ( ! ,unit$ ,/ates4 7#b7 ,entities 9 ! extractive & manufactur+ sectors contribute significantly to ! prosp]ity ( ! ,unit$ ,/ates & ! gr[? ( ! _w economy4 7#c7 ,ma9ta9+ &1 9 "s cases1 increas+ access to c]ta9 supplies & mat]ials f ! extractive sector1 includ+ agriculture1 en]gy1 m9+1 & timb]1 & access to mat]ials f ! manufactur+ sector1 are critically important = promot+ economic developm5t & human progress 9 ! ,unit$ ,/ates & ar\nd ! _w4 7#d7 ,re/rictions1 p>ticul>ly re/rictions adopt$ unilat]ally by =eign c\ntries t are sub/antially diff]5t f re/rictions appli$ by ! ,unit$ ,/ates1 t unreasonably h9d] ! ability ( entities integral to ! national int]e/s ( ! ,unit$ ,/ates to pursue _! comm]cial activities c h s]i\s adv]se effects on employm5t1 economic /ability1 sci5tific progress1 & int]national trade1 ) ! pot5tial to imp$e dome/ic & =eign policy goals4 7#e7 ,ma9ta9+ a robu/ ,unit$ ,/ates en]gy supply is ess5tial to ! cont9u$ gr[? ( ! physical infra/ructure support+ dome/ic advanc$ te*nologies1 includ+ data c5t]s & comput+ hubs1 & t =eign su/a9ability regimes ) extrat]ritorial scope pose significant risks to ,unit$ ,/ates competitiv5ess & innovation4 #c4 ,def9itions ,9 ?is ,act3 7#a7 ,entity integral to ! national int]e/s ( ! ,unit$ ,/ates ,! t]m entity integral to ! national int]e/s ( ! ,unit$ ,/ates means any p>tn]%ip1 corporation1 limit$ liability company1 or o!r bus9ess entity-- 7,a7 t-- 7i7 is organiz$ "u ! laws ( any ,/ate or t]ritory )9 ! ,unit$ ,/ates1 or ( ! ,di/rict ( ,columbia2 & 7ii7 conducts sub/antial bus9ess op]ations )9 ! ,unit$ ,/ates2 or 7,b7 t ! ,presid5t o!rwise id5tifies z integral to ! national int]e/s ( ! ,unit$ ,/ates4 7#b7 ,=eign su/a9ability due dilig5ce regulation 7,a7 ,9 g5]al ,except z provid$ 9 subp>agraph 7,b71 ! t]m =eign su/a9ability due dilig5ce regulation means any law1 regulation1 or o!r legal in/rum5t adopt$ by a =eign gov]nm5t t requires any p]son to und]take-- 7i7 an assessm5t ( ! environm5tal or social impacts ( its op]ations or value *a92 7ii7 action to address any impacts id5tifi$ 9 ! assessm5t describ$ 9 clause 7i72 & 7iii7 report+ ( ! impacts & actions describ$ 9 clauses 7i7 & 7ii74 7,b7 ,exception ,! t]m =eign su/a9ability due dilig5ce regulation does n apply to any law1 regulation1 or o!r legal in/rum5t t is sub/antively simil> to a law1 regulation1 or o!r legal in/rum5t t has be5 adopt$ or approv$ by an ,act ( ,congress4 7,c7 ,inclusion ( ,corporate ,su/a9ability ,due ,dilig5ce ,directive ,! t]m =eign su/a9ability due dilig5ce regulation includes-- 7i7 ! entirety ( ! ,corporate ,su/a9ability ,due ,dilig5ce ,directive adopt$ by ! ,european ,union2 7ii7 any successor directive adopt$ by ! ,european ,union or any memb] c\ntry ( ! ,european ,union2 & 7iii7 any precursor directive adopt$ by any memb] c\ntry ( ! ,european ,union4 #d4 ,prohibition on compliance ) =eign su/a9ability due dilig5ce regulations 7a7 ,9 g5]al ,except z provid$ 9 subsection 7b71 no entity integral to ! national int]e/s ( ! ,unit$ ,/ates may comply ) any =eign su/a9ability due dilig5ce regulation4 7b7 ,exception = ord9>y bus9ess activities ,subsection 7a7 does n prohibit an entity f und]tak+ actions t x may lawfully take-- 7#a7 to comply ) a /atute ( ! ,unit$ ,/ates2 or 7#b7 9 ! ord9>y c\rse ( bus9ess1 includ+ 9 response to an in=mation reque/ f a consum] or an inve/or4 7c7 ,h>d%ip relief process 7#a7 ,petition = relief ,any entity integral to ! national int]e/s ( ! ,unit$ ,/ates t believes x w exp]i5ce p>ticul> h>d%ip 9 connection ) ! prohibition describ$ 9 subsection 7a7 may petition ! ,presid5t = an exemption f su* prohibition4 7#b7 ,exemption approval 7,a7 ,9 g5]al ,except z provid$ 9 subp>agraph 7,b71 a petition f an entity submitt$ "u p>agraph 7#a7 %all be grant$4 7,b7 ,d5ial by ,presid5t ,not)/&+ subp>agraph 7,a71 ! ,presid5t may d5y a petition f an entity submitt$ "u p>agraph 7#a7 if1 n lat] ?an #cj days aft] ! date on :i* ! ,presid5t receives su* petition1 ! ,presid5t provides to ! entity a writt5 /atem5t t-- 7i7 d5ies ! petition on ! basis t grant+ ! petition w\ld be contr>y to ! national int]e/s ( ! ,unit$ ,/ates2 7ii7 includes an explanation to support su* basis2 & 7iii7 describes any condition ! entity c\ld meet su* t ! petition w\ld be grant$4 7#c7 ,factors to be consid]$ ,9 decid+ "u p>agraph 7#b77;,b7 :e!r to d5y a petition f an entity submitt$ "u p>agraph 7#a71 ! ,presid5t %all consid] ! foll[+3 7,a7 ,! ext5t to :i* d5y+ ! petition w\ld result 9 ! inability ( ! relevant entity to p>ticipate 9 value *a9s associat$ ) products ess5tial = dome/ic use 9 ! ,unit$ ,/ates4 7,b7 ,possible adv]se effects on ! economy 9 any locality or region ( ! ,unit$ ,/ates1 includ+ adv]se effects on employm5t4 7,c7 ,! degree to :i* grant+ ! petition w\ld impact1 directly or indirectly1 ! ,unit$ ,/ates4 7,d7 ,! ext5t to :i* d5y+ ! petition w\ld prev5t ! entity f dive/+ 9 a bus9ess =m$ "u ! laws ( a jurisdiction subject to a =eign su/a9ability due dilig5ce regulation4 #e4 ,prohibition aga9/ adv]se action = compliance ) ?is ,act 7a7 ,9 g5]al ,no p]son may take any adv]se action t[>ds an entity integral to ! national int]e/s ( ! ,unit$ ,/ates = action or inaction relat$ to a =eign su/a9ability due dilig5ce regulation4 7b7 ,judgm5ts = =eign su/a9ability due dilig5ce regulations ,no judgm5t by a =eign c\rt br\ght aga9/ an entity integral to ! national int]e/s ( ! ,unit$ ,/ates 9 relation to any =eign su/a9ability due dilig5ce regulation %all be recogniz$ 9 ! c\rts ( ! ,unit$ ,/ates or ( ! ,/ates1 unless o!rwise provid$ by an ,act ( ,congress4 7c7 ,en=cem5t 7#a7 ,actions by ! ,presid5t 7,a7 ,9 g5]al ,! ,presid5t %all take any action ! ,presid5t det]m9es is 9 ! public int]e/ to protect an entity integral to ! national int]e/s ( ! ,unit$ ,/ates f an adv]se action relat$ to a =eign su/a9ability due dilig5ce regulation4 7,b7 ,det]m9ation ( public int]e/ ,9 det]m9+ "u subp>agraph 7,a7 :e!r an action by ! ,presid5t is 9 ! public int]e/1 ! ,presid5t %all take into acc\nt ! impact ( ! adv]se action describ$ 9 t subp>agraph on-- 7i7 consum]s & bus9esses 9 ! ,unit$ ,/ates2 7ii7 ! economic1 en]gy1 & environm5tal security ( ! ,unit$ ,/ates2 & 7iii7 =eign relations ( ! ,unit$ ,/ates1 includ+ exi/+ int]national commitm5ts4 7#b7 ,p5alties ,a p]son t violates subsection 7a7 or a regulation issu$ pursuant to ?is ,act %all be subject to a civil p5alty ( n m ?an #a1jjj1jjj4