,,ii  #aai? ,,congress  #b;d ,session   
,s4 #cfdj  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,janu>y #ad1 #bjbf,mr4 
,scott ( ,florida 7= himself1 ,mr4      
,cruz1 ,mr4 ,banks1 & ,mrs4 ,moody7     
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to require ! ,secret>y ( !     
,treasury to include any entity id5tifi$
 z a ,*9ese milit>y company on !        
,non-,,sdn ,*9ese ,milit>y-,indu/rial   
,complex ,companies ,li/4  #a4 ,%ort    
title ,?is ,act may be cit$ z ! ,dive/+ 
f ,communi/ ,*9a's ,milit>y ,act (      
#bjbf4  #b4 ,f9d+s ,congress makes !    
foll[+ f9d+s3 7#a7 ,9 ,executive ,ord]  
#aciei 7#ej ,u4,s4,c4 #agja note2 relat+
 to address+ ! ?reat f securities       
inve/m5ts t f9ance ,communi/ ,*9ese     
,milit>y ,companies71 ,presid5t ,donald 
,j4 ,trump describ$ ! ,p's ,republic (  
,*9a's milit>y-indu/rial complex by     
specifically cit+ ! milit>y-civil fusion
 /rategy ( ! ,gov]nm5t ( ! ,p's         

,republic ( ,*9a1 9 :i* t ,gov]nm5t is  
increas+ly exploit+ ,unit$ ,/ates       
capital to res\rce & to enable !        
developm5t & mod]nization ( its milit>y1
 intellig5ce1 & o!r security app>atuses 
''' key to ! developm5t ( ! ,,prc's     
milit>y1 intellig5ce1 & o!r security    
app>atuses is ! c\ntry's l>ge1 o/5sibly 
private economy4  7#b7 ,9 ,executive    
,ord] #adjcb 7#ej ,u4,s4,c4 #agja note2 
relat+ to address+ ! ?reat f securities 
inve/m5ts t f9ance c]ta9 companies ( !  
,p's ,republic ( ,*9a71 ,presid5t       
,joseph ,r4 ,bid5 reass]t$ ^? conc]ns & 
fur!r f\nd t ! use ( ,*9ese surveillance
 te*nology outside ! ,p's ,republic (   
,*9a & ! developm5t or use ( ,*9ese     
surveillance te*nology to facilitate    
repression or s]i\s human rights abuse  
con/itute unusual & extraord9>y ?reats1 
exp&+ ! scope ( ! national em]g5cy      
decl>$ 9 ,executive ,ord] #aciei4  7#c7 
,section #abfj;,h7g7 ( ! ,william ,m4   
7,mac7 ,?ornb]ry ,national ,def5se      
,au?orization ,act = ,fiscal ,ye> #bjba 

7,public ,law #aaf-bhc2 #aj ,u4,s4,c4   
#aac note7 def9es a ,*9ese milit>y      
company z 8an entity t is--  7i7  7,i7  
directly or indirectly own$ by1         
controll$ by1 or b5eficially own$ by1   
affiliat$ )1 or 9 an (ficial or         
un(ficial capacity act+ z an ag5t ( or  
on behalf (1 ! ,p's ,lib]ation ,army1   
,*9ese milit>y & p>amilit>y elem5ts1    
security =ces1 police1 law en=cem5t1    
bord] control1 ! ,p's ,arm$ ,police1 !  
,m9i/ry ( ,/ate ,security 7,,mss71 or   
any o!r organization subord9ate to !    
,c5tral ,milit>y ,commission ( ! ,*9ese 
,communi/ ,p>ty1 ! ,*9ese ,m9i/ry (     
,indu/ry & ,in=mation ,te*nology        
7,,miit71 ! ,/ate-,own$ ,assets         
,sup]vision & ,adm9i/ration ,commission 
( ! ,/ate ,c\ncil 7,,sasac71 or ! ,/ate 
,adm9i/ration ( ,sci5ce1 ,te*nology1 &  
,indu/ry = ,national ,def5se 7,,sa/9d72 
or  7,,ii7 id5tifi$ z a milit>y-civil   
fusion contributor to ! ,*9ese def5se   
indu/rial base2 &  7ii7 engag$ 9 provid+
 comm]cial s]vices1 manufactur+1        

produc+1 or export+  4  7#d7 ,!         
functions & objectives ( ,*9ese milit>y 
companies & contributors to ! ,*9ese    
milit>y-indu/rial complex are           
sub/antially simil> & w>rant a          
comm5surate level ( treatm5t "u ,unit$  
,/ates /atutes & regulations4  7#e7     
,section #hje ( ! ,national ,def5se     
,au?orization ,act = ,fiscal ,ye> #bjbd 
7,public ,law #aah-ca2 #aj ,u4,s4,c4    
#dfea note prec47 impos$ re/rictions on 
pur*ases by ! ,dep>tm5t ( ,def5se (     
goods & s]vices produc$ or develop$ by  
,*9ese milit>y companies id5tifi$ "u    
section #abfj;,h7g7 ( ! ,william ,m4    
7,mac7 ,?ornb]ry ,national ,def5se      
,au?orization ,act = ,fiscal ,ye> #bjba 
& entities subject to ! control ( su*   
companies4 ,beg9n+ ,june #cj1 #bjbf1 !  
,dep>tm5t ( ,def5se w be prohibit$ f    
execut+ new contracts ) su* companies & 
entities1 & />t+ ,june #cj1 #bjbg1 !    
,dep>tm5t ( ,def5se w be prohibit$ f    
pur*as+ end products or s]vices produc$ 
or develop$ by su* companies & entities 

indirectly ?r\gh ?ird p>ties4  7#f7 ,z !
 ,dep>tm5t ( ,def5se prep>es to implem5t
 ! procurem5t re/rictions describ$ 9    
p>agraph 7#e71 x is /ill possible =     
companies & entities describ$ 9 t       
p>agraph to raise capital by sell+      
securities to inve/ors t trade on ,unit$
 ,/ates ex*anges4  7#g7 ,9 h>moniz+     
en=cem5t approa*es across sanctions     
regimes ( ! ,unit$ ,/ates ,gov]nm5t1    
,congress c assi/ ! ,presid5t to ensure 
consi/5t treatm5t ( entities pos+       
national security risks1 !reby enhanc+ !
 effectiv5ess ( ,unit$ ,/ates sanctions 
& inve/m5t re/rictions4  #c4 ,inclusion 
( ,*9ese milit>y companies on ,non-,,sdn
 ,*9ese ,milit>y-,indu/rial ,complex    
,companies ,li/  7a7 ,9 g5]al ,n lat]   
?an #ij days aft] ! ,secret>y ( ,def5se 
id5tifies an entity z a ,*9ese milit>y  
company op]at+ directly or indirectly 9 
! ,unit$ ,/ates "u section #abfj;,h ( ! 
,william ,m4 7,mac7 ,?ornb]ry ,national 
,def5se ,au?orization ,act = ,fiscal    
,ye> #bjba 7,public ,law #aaf-bhc2 #aj  

,u4,s4,c4 #aac note71 ! ,secret>y ( !   
,treasury %all include t entity on !    
,non-,,sdn ,*9ese ,milit>y-,indu/rial   
,complex ,companies ,li/ 7commonly kn[n 
z ! ,,ns-,,cmic ,li/7 if ! entity is n  
already includ$ on ! ,,ns-,,cmic ,li/4  
7b7 ,effect ( inclusion  7#a7 ,9 g5]al  
,except z provid$ by p>agraph 7#b71 n   
lat] ?an #fj days aft] ! inclusion ( an 
entity on ! ,,ns-,,cmic ,li/ "u         
subsection 7a71 ! prohibitions set =? 9 
,executive ,ord] #aciei %all apply )    
respect to ! entity4  7#b7 ,dive/m5t    
p]iod ,a ,unit$ ,/ates p]son may1 dur+ !
 "o-ye> p]iod beg9n+ on ! date on :i* an
 entity is includ$ on ! ,,ns-,,cmic ,li/
 "u subsection 7a71 pur*ase or sell     
publicly trad$ securities issu$ by !    
entity solely = ! purpose ( dive/+1 9   
:ole or 9 "p1 su* securities4  7c7      
,def9itions ,9 ?is section3 7#a7        
,appropriate congressional committees ,!
 t]m appropriate congressional          
committees means-- 7,a7 ! ,committee on 
,bank+1 ,h\s+1 & ,urban ,affairs ( !    

,s5ate2 &  7,b7 ! ,committee on         
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives4  7#b7 ,executive ,ord] 
#aciei ,! t]m ,executive ,ord] #aciei   
means ,executive ,ord] #aciei 7#ej      
,u4,s4,c4 #agja note2 relat+ to address+
 ! ?reat f securities inve/m5ts t f9ance
 ,communi/ ,*9ese ,milit>y ,companies71 
z am5d$ by ,executive ,ord] #adjcb 7#ej 
,u4,s4,c4 #agja note2 relat+ to address+
 ! ?reat f securities inve/m5ts t f9ance
 c]ta9 companies ( ! ,p's ,republic (   
,*9a74  7#c7 ,non-sdn ,*9ese            
,milit>y-,indu/rial ,complex ,companies 
,li/2 ,,ns-,,cmic ,li/ ,! t]ms          
,non-,,sdn ,*9ese ,milit>y-,indu/rial   
,complex ,companies ,li/ & ,,ns-,,cmic  
,li/ mean ! li/ ma9ta9$ by ! ,(fice (   
,=eign ,assets ,control ( ! ,dep>tm5t ( 
! ,treasury "u ,executive ,ord] #aciei  
or any successor ord]4  7#d7 ,publicly  
trad$ security ,! t]m publicly trad$    
security includes-- 7,a7 any security 7z
 def9$ 9 section #c7;a7 ( ! ,securities 
,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4    

#gh;c7a777 d5om9at$ 9 any curr5cy t     
trades on a securities ex*ange1 or ?r\gh
 ! me?od ( trad+ t is commonly ref]r$ to
 z ov]-!-c\nt]1 9 any jurisdiction2 &   
7,b7 any security t is d]ivative ( or   
design$ to provide inve/m5t exposure to 
a security describ$ 9 subp>agraph 7,a74 
7#e7 ,unit$ /ates p]son ,! t]m ,unit$   
,/ates p]son means-- 7,a7 any ,unit$    
,/ates citiz5 or an ali5 lawfully       
admitt$ = p]man5t resid5ce to ! ,unit$  
,/ates2  7,b7 an entity organiz$ "u !   
laws ( ! ,unit$ ,/ates or ( any         
jurisdiction )9 ! ,unit$ ,/ates 7includ+
 any =eign bran* ( su* an entity72 or   
7,c7 any p]son 9 ! ,unit$ ,/ates4