,,ii  #aai? ,,congress  #a/ ,session    
,s4 #ajaa  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,m>* #ab1 #bjbe,mr4    
,lank=d introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,=eign ,relations  ,a ,,bill  ,to       
e/abli% ! position ( ,c\ntry ,*9a ,(fic]
 9 ! ,dep>tm5t ( ,/ate to monitor &     
c\nt] f9anc+ projects ar\nd ! _w t are  
back$ by ! ,p's ,republic ( ,*9a4  #a4  
,%ort title ,?is ,act may be cit$ z !   
,belt & ,road ,ov]sight ,act4  #b4      
,c\ntry ,*9a ,(fic]  7a7 ,designation ,n
 lat] ?an #fj days aft] ! date ( !      
enactm5t ( ?is ,act1 ! ,secret>y ( ,/ate
 %all direct all ,*iefs ( ,mission to   
designate #a ,=eign ,s]vice ,(fic] 9 a  
,unit$ ,/ates embassy or o!r diplomatic 
po/ 9 ea* c\ntry ) :om ! ,unit$ ,/ates  
has diplomatic relations z ,c\ntry ,*9a 
,(fic]4  7b7 ,duties ,ea* ,c\ntry ,*9a  
,(fic] %all monitor & report on !       
activity ( ! ,p's ,republic ( ,*9a 9 8  
or h] c\ntry ( responsibility1 includ+  
capital inve/m5t 9 critical             

infra/ructure & o!r projects associat$ )
 ! ,p's ,republic ( ,*9a1 includ+ !     
,belt & ,road ,initiative4  7c7 ,sunset 
,! requirem5t to designate ,c\ntry ,*9a 
,(fic]s "u subsection 7a7 %all expire on
 ! date t is #aj ye>s aft] ! date ( !   
enactm5t ( ?is ,act4  #c4 ,compreh5sive 
review ( ,belt & ,road ,initiative      
projects  7a7 ,report ,n lat] ?an #fj   
days aft] ! date ( ! enactm5t ( ?is     
,act1 ! ,secret>y ( ,/ate %all direct   
all ,unit$ ,/ates embassies1 work+ ?r\gh
 ! designat$ ,c\ntry ,*9a ,(fic]1 to    
prep>e a report t details assets )9 _!  
respective c\ntry ( op]ation t are      
controll$ or f9anc$ by ! ,gov]nm5t ( !  
,p's ,republic ( ,*9a or a /ate-own$    
ent]prise 9 ! ,p's ,republic ( ,*9a4    
7b7 ,cont5ts ,ea* report requir$ "u     
subsection 7a7 %all include-- 7#a7 an   
assessm5t ( ! respective c\ntry's debt  
obligations to ! ,p's ,republic ( ,*9a2 
7#b7 a li/ ( kn[n infra/ructure projects
 9 ! respective c\ntry t are f9anc$ f   
capital provid$ by-- 7,a7 ! bank+ sy/em 

( ! ,p's ,republic ( ,*9a1 includ+-- 7i7
 policy banks1 includ+-- 7,i7 ! ,*9a    
,developm5t ,bank2  7,,ii7 !            
,export-,import ,bank ( ,*9a2 &  7,,iii7
 ! ,agricultural ,developm5t ,bank (    
,*9a2  7ii7 /ate-own$ comm]cial banks1  
includ+-- 7,i7 ! ,indu/rial & ,comm]cial
 ,bank ( ,*9a2  7,,ii7 ! ,agricultural  
,bank ( ,*9a2  7,,iii7 ! ,*9a           
,con/ruction ,bank2  7,,iv7 ! ,bank (   
,communications ,limit$2 &  7,v7 ! ,bank
 ( ,*9a2  7iii7 sov]eign weal? funds1   
includ+-- 7,i7 ! ,*9a ,inve/m5t         
,corporation2  7,,ii7 ,*9a ,life        
,insurance ,company2  7,,iii7 ! ,*9a    
,national ,social ,security ,fund2 &    
7,,iv7 ! ,silk ,road ,fund2  7iv7 urban 
comm]cial banks2 &  7v7 rural f9ancial  
in/itutions2  7,b7 int]national f9anc+  
in/itutions1 includ+-- 7i7 ! ,asian     
,infra/ructure ,inve/m5t ,bank2 &  7ii7 
! ,new ,developm5t ,bank2 &  7,c7 any   
o!r f9ancial in/itution or entity       
o!rwise controll$1 ov]se51 or manag$ by 
! ,gov]nm5t ( ! ,p's ,republic ( ,*9a2  

7#c7 ! id5tification ( ! infra/ructure  
projects ref]r$ to 9 p>agraph 7#b7 t are
 projects "u ! ,belt & ,road            
,initiative2  7#d7 an assessm5t (       
projects t h caus$ ! c\ntry to incur    
significant debt t has ! pot5tial to h>m
 its economic prosp]ity & national      
sov]eignty2  7#e7 a li/ ( ! kn[n or     
speculat$ collat]al li/$ by ! respective
 c\ntry = ! debts incurr$ by ,belt &    
,road ,initiative projects ref]r$ to 9  
p>agraph 7#a72  7#f7 a li/ ( ! kn[n     
assets own$ by ! ,gov]nm5t ( ! ,p's     
,republic ( ,*9a or /ate-own$ ent]prises
 9 ! ,p's ,republic ( ,*9a1 includ+     
telecommunications & critical           
infra/ructure2 &  7#g7 a li/ ( kn[n     
activities at rese>* in/itutions or     
in/itutions ( high] education controll$ 
or f9anc$ by ! ,gov]nm5t ( ! ,p's       
,republic ( ,*9a or /ate-own$ ent]prises
 9 ! ,p's ,republic ( ,*9a4  7c7        
,submission & di/ribution ( report  7#a7
 ,initial submission ,n lat] ?an #a ye> 
aft] ! date on :i* ! ,secret>y ( ,/ate  

issues ! directive describ$ 9 subsection
 7a71 ! ,*ief ( ,mission 9 ea* c\ntry   
%all submit ! report requir$ "u         
subsection 7a7 to ! ,"u ,secret>y (     
,/ate = ,political ,affairs4  7#b7      
,di/ribution ,! ,"u ,secret>y ( ,/ate = 
,political ,affairs %all prep>e &       
di/ribute a report t includes all ( !   
in=mation f ! individual c\ntry reports 
receiv$ pursuant to p>agraph 7#a7 to--  
7,a7 ! heads ( o!r bureaus & ag5cies ( !
 ,dep>tm5t ( ,/ate1 z appropriate2  7,b7
 ! ,unit$ ,/ates ,int]national          
,developm5t ,f9ance ,corporation2  7,c7 
! ,committee on ,=eign ,relations ( !   
,s5ate2  7,d7 ! ,committee on ,arm$     
,s]vices ( ! ,s5ate2  7,e7 ! ,select    
,committee on ,intellig5ce ( ! ,s5ate2  
7,f7 ! ,committee on ,f9ance ( ! ,s5ate2
  7,g7 ! ,committee on ,=eign ,affairs (
 ! ,h\se ( ,repres5tatives2  7,h7 !     
,committee on ,arm$ ,s]vices ( ! ,h\se (
 ,repres5tatives2  7,i7 ! ,p]man5t      
,select ,committee on ,intellig5ce ( !  
,h\se ( ,repres5tatives2 &  7,j7 !      

,committee on ,ways & ,means ( ! ,h\se (
 ,repres5tatives4  #d4 ,notification (  
future ,belt & ,road ,initiative        
projects ,aft] ! prep>ation & submission
 ( ! reports requir$ "u section #c7;a71 
! ,secret>y ( ,/ate %all require !      
respective embassy & ! ,*9a ,desk at !  
,dep>tm5t ( ,/ate to in=m ! ,"u         
,secret>y ( ,/ate = ,political ,affairs 
( any project describ$ 9 section        
#c7;b77#b7 n lat] ?an #cj days aft] !   
date on :i* ! ,c\ntry ,*9a ,(fic] is    
in=m$ ( su* project4  #e4 ,annual       
compreh5sive report ( ,belt & ,road     
,initiative projects ,dur+ ! #aj-ye>    
p]iod beg9n+ on ! date ( ! enactm5t (   
?is ,act1 ! ,"u ,secret>y ( ,/ate =     
,political ,affairs %all submit an      
annual report to ,congress t-- 7#a7     
conta9s all f9d+s relat+ to projects    
controll$ or f9anc$ by ! ,gov]nm5t ( !  
,p's ,republic ( ,*9a or /ate-own$      
ent]prises 9 ! ,p's ,republic ( ,*9a    
submitt$ by ,c\ntry ,*9a ,(fic]s ?r\gh !
 process describ$ 9 sections #c & #d    

dur+ ! #ab-mon? report+ p]iod2 &  7#b7  
includes updat$ f9d+s & analyses relat$ 
to p>agraphs 7#c71 7#d71 & 7#e7 (       
section #c7;b74  #f4 ,annual ,/rategy to
 ,c\nt] ,,prc ,influ5ce  7a7 ,9 g5]al ,!
 ,c\ntry ,*9a ,(fic] at ea* respective  
embassy1 9 consultation ) ! ,*ief (     
,mission = ! respective c\ntry1 %all    
develop a compreh5sive1 c\ntry-specific 
/rategy to c\nt] ! influ5ce ( ! ,p's    
,republic ( ,*9a1 includ+ a plan to     
c\nt] anti-,am]ican messag+ by ! ,p's   
,republic ( ,*9a1 )9 _! c\ntry (        
responsibility4  7b7 ,use ( /rategy ,!  
/rategy develop$ pursuant to subsection 
7a7 %all be us$ to equip all p]sonnel   
across all embassies1 consulates1 & o!r 
diplomatic po/s 9 ! respective c\ntry ( 
responsibility ) ! tools ne$$ to        
effectively c\nt] ! influ5ce ( ! ,p's   
,republic ( ,*9a 9 _! respective context
 & c\ntry ( responsibility4  7c7        
,submission ,dur+ ! #aj-ye> p]iod beg9n+
 on ! date ( ! enactm5t ( ?is ,act1 ea* 
,*ief ( ,mission %all submit an annual  

report to ! ,"u ,secret>y ( ,/ate =     
,political ,affairs t-- 7#a7 describes !
 implem5tation ( ! /rategy develop$     
pursuant to subsection 7a7 dur+ !       
report+ p]iod2 &  7#b7 assesses specific
 *all5ges & opportunities relat+ to !   
,p's ,republic ( ,*9a 9 ! respective    
c\ntry ( responsibility4  7d7           
,di/ribution ,! ,"u ,secret>y ( ,/ate = 
,political ,affairs %all submit an      
annual report t summ>izes ! in=mation   
conta9$ 9 ! reports receiv$ pursuant to 
subsection 7c7 to ! heads ( ! bureaus ( 
! ,dep>tm5t ( ,/ate1 z appropriate4  7e7
 ,exclusions ,c\ntries ) limit$ or no   
inve/m5ts by ! ,gov]nm5t ( ! ,p's       
,republic ( ,*9a %all be exclud$ f !    
/rategy develop$ pursuant to subsection 
7a74  #g4 ,procurem5t projections  7a7  
,annual report ,dur+ ! #aj-ye> p]iod    
beg9n+ on ! date ( ! enactm5t ( ?is     
,act1 ! ,c\ntry ,*9a ,(fic] at ea*      
respective embassy1 9 consultation ) o!r
 embassy p]sonnel1 %all submit an annual
 report to ! ,"u ,secret>y ( ,/ate =    

,political ,affairs t-- 7#a7 describes !
 procurem5t & infra/ructure ne$s ( _!   
respective c\ntry ( responsibility2 &   
7#b7 assesses specific *all5ges &       
opportunities relat+ to pot5tial f9anc+ 
by ! ,p's ,republic ( ,*9a = procurem5t 
& infra/ructure projects to meet su*    
ne$s4  7b7 ,di/ribution ,! ,"u ,secret>y
 ( ,/ate = ,political ,affairs %all     
submit an annual report summ>iz+ !      
in=mation conta9$ 9 ! reports receiv$   
pursuant to subsection 7a7 to-- 7#a7 !  
heads ( ! bureaus ( ! ,dep>tm5t ( ,/ate1
 z appropriate2 &  7#b7 o!r             
in/rum5talities ( ! ,f$]al ,gov]nm5t1   
includ+ ! ,unit$ ,/ates ,int]national   
,developm5t ,f9ance ,corporation4  #h4  
,s5se ( ,congress reg>d+ developm5t     
f9ance ,x is ! s5se ( ,congress t1 z !  
,p's ,republic ( ,*9a's influ5ce gr[s   
?r\gh infra/ructure 7p>ticul>ly         
infra/ructure t c easily be %ift$ f     
economic to milit>y uses71 ! ,unit$     
,/ates ,int]national ,developm5t ,f9ance
 ,corporation %\ld prioritize provid+   

alt]native f9anc+ opportunities t       
increase port & air field capacity (    
c\ntries t-- 7#a7 meet ! inve/m5t       
crit]ia set =? 9 title ,,ii ( ! ,,build 
,act ( #bjah 7division ,f ( ,public ,law
 #aae-bed2 #bb ,u4,s4,c4 #ifba et seq472
 &  7#b7 are t>gets ( ! pr$atory        
infra/ructure developm5t s*eme ( ! ,p's 
,republic ( ,*9a commonly kn[n z ! ,belt
 & ,road ,initiative4