,,ii  #aai? ,,congress  #a/ ,session    
,s4 #bchd  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #bb1 #bjbe,mr4   
,scott ( ,florida introduc$ ! foll[+    
bill2 :i* 0 read twice & ref]r$ to !    
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs  ,a ,,bill  ,to monitor ,unit$ 
,/ates inve/m5ts 9 entities t are       
controll$ by =eign adv]s>ies1 & = o!r   
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,am]ican ,inve/m5t         
,acc\ntability ,act4  #b4 ,report+      
requirem5ts  7a7 ,def9itions ,9 ?is     
section3 7#a7 ,appropriate congressional
 committees ,! t]m appropriate          
congressional committees means-- 7,a7 ! 
,committee on ,arm$ ,s]vices ( ! ,s5ate2
  7,b7 ! ,committee on ,bank+1 ,h\s+1 & 
,urban ,affairs ( ! ,s5ate2  7,c7 !     
,committee on ,f9ance ( ! ,s5ate2  7,d7 
! ,committee on ,=eign ,relations ( !   
,s5ate2  7,e7 ! ,select ,committee on   
,intellig5ce ( ! ,s5ate2  7,f7 !        
,committee on ,arm$ ,s]vices ( ! ,h\se (
 ,repres5tatives2  7,g7 ! ,committee on 

,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives2  7,h7 ! ,committee on  
,=eign ,affairs ( ! ,h\se (             
,repres5tatives2  7,i7 ! ,p]man5t       
,select ,committee on ,intellig5ce ( !  
,h\se ( ,repres5tatives2 &  7,j7 !      
,committee on ,ways & ,means ( ! ,h\se (
 ,repres5tatives4  7#b7 ,c\ntry ( conc]n
 ,! t]m c\ntry ( conc]n-- 7,a7 means a  
c\ntry ! gov]nm5t ( :i* is a =eign      
adv]s>y1 z def9$ 9 section #h7;c77#b7 ( 
! ,secure & ,tru/$ ,communications      
,networks ,act ( #bjai 7#dg ,u4,s4,c4   
#afjg7;c77#b772 &  7,b7 includes-- 7i7 !
 ,p's ,republic ( ,*9a 7includ+ !       
,special ,adm9i/rative ,regions ( ! ,p's
 ,republic ( ,*9a1 includ+ ,hong ,kong &
 ,macau72  7ii7 ! ,russian ,f$]ation2   
7iii7 ,iran2  7iv7 ,nor? ,korea2  7v7   
,cuba2 &  7vi7 ,v5ezuela4  7#c7 ,cov]$  
,unit$ ,/ates bus9ess ,! t]m cov]$      
,unit$ ,/ates bus9ess means any entity  
t-- 7,a7 is-- 7i7 a corporation1        
p>tn]%ip1 or o!r association organiz$ "u
 ! laws ( ! ,unit$ ,/ates or ( any      

,/ate1 ! ,di/rict ( ,columbia1 or any   
commonweal?1 t]ritory1 or possession ( !
 ,unit$ ,/ates2 or  7ii7 a =eign        
corporation1 p>tn]%ip1 or o!r           
association1 n less ?an #be p]c5t ( !   
own]%ip int]e/ 9 :i* is held by ,unit$  
,/ates citiz5s or entities describ$ 9   
clause 7i72 &  7,b7 is n a small bus9ess
 conc]n 7z def9$ 9 section #c ( ! ,small
 ,bus9ess ,act 7#ae ,u4,s4,c4 #fcb774   
7#d7 ,cov]$ entity ,! t]m cov]$ entity  
means any entity-- 7,a7 t-- 7i7 has its 
headqu>t]s or pr9cipal place ( bus9ess 9
 a c\ntry ( conc]n2  7ii7 is organiz$ "u
 ! laws (1 or o!rwise subject to !      
jurisdiction (1 a c\ntry ( conc]n2      
7iii7 is own$ by ! gov]nm5t ( a c\ntry (
 conc]n2  7iv7 is "u ! direct or        
indirect control ( su* a gov]nm5t2  7v7 
is subject to ! influ5ce ( su* a        
gov]nm5t2 or  7vi7 is subject to        
intimidation by a public (ficial ( su* a
 gov]nm5t2  7,b7 n less ?an #be p]c5t ( 
! own]%ip int]e/ 9 :i* is held1 9 !     
aggregate1 directly or indirectly1 by n 

less ?an #a entity-- 7i7 includ$ on a   
sanctions li/2 or  7ii7 own$ or         
controll$ by ! gov]nm5t ( a c\ntry (    
conc]n2  7,c7 t has a subsidi>y or p>5t 
organization t-- 7i7 has its headqu>t]s 
or pr9cipal place ( bus9ess 9 a c\ntry (
 conc]n2 or  7ii7 is organiz$ "u ! laws 
(1 or o!rwise subject to ! jurisdiction 
(1 a c\ntry ( conc]n2 or  7,d7 t !      
,secret>y ( ! ,treasury consid]s to h an
 int]e/ 9 prop]ty or int]e/s 9 prop]ty (
 an entity 9 :i* n less ?an #be p]c5t ( 
! own]%ip int]e/ is held1 9 ! aggregate1
 directly or indirectly1 by n less ?an  
#a entity includ$ on a sanctions li/4   
7#e7 ,direct inve/m5t ,! t]m direct     
inve/m5t has ! mean+ giv5 t t]m 9       
section #c ( ! ,int]national ,inve/m5t &
 ,trade 9 ,s]vices ,survey ,act 7#bb    
,u4,s4,c4 #cajb74  7#f7 ,(f%ore f9ancial
 c5t] ,! t]m (f%ore f9ancial c5t] means 
any c\ntry1 special adm9i/rative region1
 t]ritory1 or jurisdiction outside !    
,unit$ ,/ates t acts z an int]m$i>y =   
inve/m5ts orig9at+ 9 ! ,unit$ ,/ates &  

de/9$ = c\ntries ( conc]n1 ?r\gh :i*1 on
 an annual basis-- 7,a7 m ?an           
#ajj1jjj1jjj 9 direct inve/m5ts 9       
c\ntries ( conc]n or cov]$ entities are 
made2 or  7,b7 m ?an #ejj1jjj1jjj 9     
portfolio inve/m5ts 9 c\ntries ( conc]n 
or cov]$ entities are made4  7#g7       
,portfolio inve/m5t ,! t]m portfolio    
inve/m5t has ! mean+ giv5 t t]m 9       
section #c ( ! ,int]national ,inve/m5t &
 ,trade 9 ,s]vices ,survey ,act 7#bb    
,u4,s4,c4 #cajb74  7#h7 ,sanctions li/  
,! t]m sanctions li/ means-- 7,a7 !     
,entity ,li/ ma9ta9$ by ! ,bureau (     
,indu/ry & ,security ( ! ,dep>tm5t (    
,comm]ce & set =? 9 ,supplem5t ,no4 #d  
to "p #gdd ( title #ae1 ,code ( ,f$]al  
,regulations2  7,b7 ! li/ ( specially   
designat$ nationals & block$ p]sons     
ma9ta9$ by ! ,(fice ( ,=eign ,assets    
,control ( ! ,dep>tm5t ( ! ,treasury    
7commonly kn[n z ! ,,sdn li/72  7,c7 !  
li/ ( =eign f9ancial in/itutions subject
 to correspond5t acc\nt or payable-?r\gh
 acc\nt sanctions ma9ta9$ by ! ,(fice ( 

,=eign ,assets ,control 7commonly kn[n z
 ! ,,capta ,li/72  7,d7 ! li/ ( p]sons  
op]at+ 9 sectors ( ! ,russian economy   
id5tifi$ by ! ,secret>y ( ! ,treasury   
pursuant to ,executive ,ord] #acffb     
7commonly kn[n z ! ,sectoral ,sanctions 
,id5tifications ,li/72 or  7,e7 !       
,non-,,sdn ,*9ese ,milit>y ,indu/rial   
,complex ,li/ ma9ta9$ by ! ,(fice (     
,=eign ,assets ,control4  7#i7 ,unit$   
,/ates ,! t]m ,unit$ ,/ates means ! #ej 
,/ates1 ! ,di/rict ( ,columbia1 !       
,commonweal? ( ,pu]to ,rico1 ,guam1 !   
,virg9 ,isl&s1 ,am]ican ,samoa1 ,wake   
,isl&1 ,midway ,isl&s1 ,k+man ,reef1    
,john/on ,atoll1 ! ,nor!rn ,m>iana      
,isl&s1 & any o!r t]ritory or possession
 ( ! ,unit$ ,/ates4  7#aj7 ,unit$ ,/ates
 p]son ,! t]m ,unit$ ,/ates p]son has ! 
mean+ giv5 t t]m 9 section #c ( !       
,int]national ,inve/m5t & ,trade 9      
,s]vices ,survey ,act 7#bb ,u4,s4,c4    
#cajb74  7b7 ,report by ,secret>y (     
,comm]ce ,n lat] ?an #a ye> aft] ! date 
( ! enactm5t ( ?is ,act1 & e #ij days   

!reaft]1 ! ,secret>y ( ,comm]ce %all    
submit to ! appropriate congressional   
committees a report t id5tifies1 = !    
p]iod specifi$ 9 subsection 7e7-- 7#a7 !
 value ( direct inve/m5ts by ,unit$     
,/ates p]sons 9 c\ntries ( conc]n1 :i*  
%all-- 7,a7 be disaggregat$ by sector & 
by ! ,/ate 9 :i* ! inve/m5t orig9at$2 & 
7,b7 acc\nt = inve/m5t occurr+ ?r\gh    
(f%ore f9ancial c5t]s2  7#b7 ! value (  
direct inve/m5ts by ,unit$ ,/ates p]sons
 9 cov]$ entities1 :i* %all-- 7,a7 be   
disaggregat$ by sector2 &  7,b7 acc\nt =
 inve/m5t occurr+ ?r\gh (f%ore f9ancial 
c5t]s2 &  7#c7 ! numb] ( direct         
inve/m5ts by ,unit$ ,/ates p]sons 9     
c\ntries ( conc]n 9 excess (-- 7,a7     
#e1jjj1jjj 9 a s+le transaction2 or     
7,b7 #aj1jjj1jjj 9 ! aggregate4  7c7    
,report by ,secret>y ( ! ,treasury ,n   
lat] ?an #a ye> aft] ! date ( ! enactm5t
 ( ?is ,act1 & e #ij days !reaft]1 !    
,secret>y ( ! ,treasury %all submit to !
 appropriate congressional committees a 
report t id5tifies1 = ! p]iod specifi$ 9

 subsection 7e7-- 7#a7 ! value (        
portfolio inve/m5ts by ,unit$ ,/ates    
p]sons 9 c\ntries ( conc]n1 :i* %all--  
7,a7 be disaggregat$ by sector & by !   
,/ate 9 :i* ! inve/m5t orig9at$2 &  7,b7
 acc\nt = inve/m5t occurr+ ?r\gh (f%ore 
f9ancial c5t]s2  7#b7 ! value (         
portfolio inve/m5ts by ,unit$ ,/ates    
p]sons 9 cov]$ entities1 :i* %all-- 7,a7
 be disaggregat$ by sector2 &  7,b7     
acc\nt = inve/m5t occurr+ ?r\gh (f%ore  
f9ancial c5t]s2  7#c7 ! numb] (         
portfolio inve/m5ts by ,unit$ ,/ates    
p]sons 9 c\ntries ( conc]n 9 excess (-- 
7,a7 #aj1jjj1jjj 9 a s+le transaction2  
or  7,b7 #be1jjj1jjj 9 ! aggregate2 &   
7#d7 ! value ( portfolio inve/m5ts by   
,unit$ ,/ates p]sons 9 initial (f]+s =  
sale to ! public ( common equity        
securities ( cov]$ entities & second>y  
m>ket trad+ 9 su* securities4  7d7      
,report by ,securities & ,ex*ange       
,commission ,n lat] ?an #a ye> aft] !   
date ( ! enactm5t ( ?is ,act1 & e #ij   
days !reaft]1 ! ,securities & ,ex*ange  

,commission %all submit to ! appropriate
 congressional committees a report t1 = 
! p]iod specifi$ 9 subsection 7e71      
id5tifies ! foll[+3 7#a7 ,ea* in/ance 9 
:i* a cov]$ ,unit$ ,/ates bus9ess spun  
(f a sep>ate entity t subsequ5tly op]at$
 9 a c\ntry ( conc]n4  7#b7 ,ea* jo9t   
v5ture ent]$ into betwe5 a cov]$ ,unit$ 
,/ates bus9ess & a cov]$ entity4  7#c7  
,ea* in/ance 9 :i* a cov]$ ,unit$ ,/ates
 bus9ess m]g$ )1 acquir$1 or 0 acquir$  
by a cov]$ entity4  7#d7 ,ea* in/ance 9 
:i* ! value ( exp&$ op]ations ( a cov]$ 
,unit$ ,/ates bus9ess 9 a c\ntry (      
conc]n exce$s-- 7,a7 #e1jjj1jjj 9 a s+le
 transaction2 or  7,b7 #aj1jjj1jjj 9 !  
aggregate4  7#e7 ,ea* in/ance 9 :i* a   
cov]$ ,unit$ ,/ates bus9ess made a      
direct inve/m5t 9 a c\ntry ( conc]n4    
7e7 ,p]iod specifi$ ,! p]iod specifi$ 9 
?is subsection is-- 7#a7 9 ! case ( !   
fir/ report requir$ by subsection 7b71  
7c71 or 7d71 ! #a-ye> p]iod prec$+      
submission ( ! report2 &  7#b7 9 ! case 
( any subsequ5t report requir$ by any   

su* subsection1 ! #ij-;day p]iod prec$+ 
submission ( ! report4