,,ii #aaith ,,congress #b;d ,session ,s4 #djfe ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,march #aa1 #bjbf,mr4 ,sullivan 7for himself1 ,mr4 ,graham1 ,ms4 ,duckworth1 ,mr4 ,kennedy1 ,mr4 ,budd1 ,mr4 ,ricketts1 ,mr4 ,mc,cormick1 and ,mr4 ,cornyn7 introduced the following bill2 which was read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to require the imposition of sanctions with respect to the ,people's ,republic of ,china if the ,people's ,republic of ,china threatens the security of ,taiwan1 and for other purposes4 #a4 ,short title2 table of contents 7a7 ,short title ,this ,act may be cited as the ,sanctions ,targeting ,aggressors of ,neighboring ,democracies with ,taiwan ,act of #bjbf or the ,,stand with ,taiwan ,act of #bjbf4 7b7 ,table of contents ,the table of contents for this ,act is as follows3 ,sec4 #a4 ,short title2 table of contents4,sec4 #b4 ,findings4,sec4 #c4 ,sense of ,congress4,sec4 #d4 ,definitions4,,title ,i--,sanctions and other measures in response to significant threats to security of ,taiwan,sec4 #aja4 ,covered determinations4,sec4 #ajb4 ,imposition of sanctions with respect to officials of the ,government of the ,people's ,republic of ,china and members of the ,chinese ,communist ,party4,sec4 #ajc4 ,imposition of sanctions with respect to financial institutions affiliated with the ,government of the ,people's ,republic of ,china4,sec4 #ajd4 ,imposition of sanctions with respect to entities owned by or affiliated with the ,government of the ,people's ,republic of ,china or the ,chinese ,communist ,party4,sec4 #aje4 ,prohibition on transfers of funds involving the ,people's ,republic of ,china4,sec4 #ajf4 ,prohibition on listing or trading of ,chinese entities on ,united ,states securities exchanges4,sec4 #ajg4 ,prohibition on investments by ,united ,states financial institutions that benefit the ,government of the ,people's ,republic of ,china or the ,chinese ,communist ,party4,sec4 #ajh4 ,measures relating to energy sector of the ,people's ,republic of ,china4,sec4 #aji4 ,prohibition on purchases of sovereign debt of the ,people's ,republic of ,china by ,united ,states persons4,sec4 #aaj4 ,prohibition on provision of services to sanctioned financial institutions by international financial messaging systems4,sec4 #aaa4 ,increases in duties on goods imported from the ,people's ,republic of ,china4,sec4 #aab4 ,increases in duties on goods imported from countries that support the ,people's ,republic of ,china4,,title ,,ii--,general provisions,sec4 #bja4 ,sanctions described4,sec4 #bjb4 ,national security waiver4,sec4 #bjc4 ,exceptions4,sec4 #bjd4 ,implementation2 penalties4,sec4 #bje4 ,termination authority4 #b4 ,findings ,congress makes the following findings3 7#a7 ,taiwan is a free and prosperous democracy of nearly #bc1jjj1jjj people1 an important contributor to peace and stability around the world1 and continues to embody and promote democratic values1 freedom1 and human rights in ,asia4 7#b7 ,the policy of the ,united ,states toward ,taiwan is guided by the ,taiwan ,relations ,act 7#bb ,u4,s4,c4 #ccja et seq474 7#c7 ,under section #b of the ,taiwan ,relations ,act 7#bb ,u4,s4,c4 #ccja71 it is the policy of the ,united ,states-- 7,a7 to preserve and promote extensive1 close1 and friendly commercial1 cultural1 and other relations between the people of the ,united ,states and the people on ,taiwan1 as well as the people on the ,china mainland and all other peoples of the ,western ,pacific area2 7,b7 to declare that peace and stability in the area are in the political1 security1 and economic interests of the ,united ,states1 and are matters of international concern2 7,c7 to make clear that the ,united ,states decision to establish diplomatic relations with the ,people's ,republic of ,china rests upon the expectation that the future of ,taiwan will be determined by peaceful means2 7,d7 to consider any effort to determine the future of ,taiwan by other than peaceful means1 including by boycotts or embargoes1 a threat to the peace and security of the ,western ,pacific area and of grave concern to the ,united ,states2 7,e7 to provide ,taiwan with arms of a defensive character2 and 7,f7 to maintain the capacity of the ,united ,states to resist any resort to force or other forms of coercion that would jeopardize the security1 or the social or economic system1 of the people on ,taiwan4 7#d7 ,for decades and increasingly since the election of ,president ,tsai ,ing-wen as ,president of ,taiwan in #bjaf1 the ,chinese ,communist ,party has employed a variety of coercive military and nonmilitary tactics short of armed conflict in its efforts to exert existential pressure on ,taiwan1 including through diplomatic isolation1 restricting tourism1 cyberattacks1 spreading disinformation1 and controlling the ability of ,taiwan to purchase ,,covid-#ai vaccines from other countries4 7#e7 ,according to ,taiwan's ,ministry of ,national ,defense1 the ,people's ,republic of ,china undertook live-fire military exercises in the ,taiwan ,strait ,april #a and #b1 #bjbe1 vowing to maintain combat readiness and prevent any attempts by ,taiwan to gain independence from the ,people's ,republic of ,china4 ,the exercise reportedly involved ,chinese #gf aircraft of the ,people's ,liberation ,army1 #ae naval ships and four official ships of the ,people's ,liberation ,army ,navy1 with #cg sorties crossing the median line of the ,taiwan ,strait and entered ,taiwan's northern1 central1 southwestern1 and eastern air defense identification zone4 7#f7 ,according to ,taiwan's ,ministry of ,national ,defense1 #bi ,chinese warplanes and drones crossed the median line of the ,taiwan ,strait on ,february #ai and #bj1 #bjbe4 7#g7 ,in ,march #bjba1 then-,commander of the ,united ,states ,indo-,pacific ,command1 ,admiral ,philip ,davidson1 testified that the threat of a military invasion of ,taiwan by the ,people's ,liberation ,army is manifest during this decade1 in fact in the next six years4 7#h7 ,in ,october #bjbd1 the ,people's ,republic of ,china employed a record #abe aircraft1 as well as its ,liaoning aircraft carrier and ships1 in large-scale military exercises surrounding ,taiwan and its outlying islands1 simulating the sealing off of key ports4 ,as part of that exercise1 #aaa ,chinese aircraft reportedly crossed the median line1 entering ,taiwan's air defense identification zone4 ,that action followed remarks by ,taiwan's president rejecting ,beijing's claim of sovereignty over the self-governed island4 #c4 ,sense of ,congress ,it is the sense of ,congress that-- 7#a7 it is in the interest of the ,united ,states to maintain a free and open ,indo-,pacific region1 with peace and stability in the ,taiwan ,strait as a critical component2 7#b7 efforts by the ,government of the ,people's ,republic of ,china and the ,chinese ,communist ,party to unilaterally determine the future of ,taiwan through non-peaceful means1 including threats and the direct use of force1 military coercion1 economic boycotts or embargoes1 cyberattacks1 and efforts to internationally isolate or annex ,taiwan-- 7,a7 directly undermine the spirit1 intent1 and purpose of the ,taiwan ,relations ,act 7#bb ,u4,s4,c4 #ccja et seq472 7,b7 undermine peace and stability in the ,taiwan ,strait2 7,c7 limit a free and open ,indo-,pacific region2 and 7,d7 are of grave concern to the ,government of the ,united ,states2 7#c7 the initiation of a military invasion of ,taiwan by the ,people's ,liberation ,army would-- 7,a7 constitute a threat to the peace and security of the ,western ,pacific area and threaten the peace stability of the entire globe2 and 7,b7 undermine the core political1 security1 and economic interests of the ,united ,states at home and abroad2 and 7#d7 as an important deterrent measure against a military invasion of ,taiwan1 the ,government of the ,people's ,republic of ,china and the ,chinese ,communist ,party must understand that initiating such an invasion will result in catastrophic economic and financial consequences for the ,people's ,republic of ,china4 #d4 ,definitions ,in this ,act3 7#a7 ,account2 correspondent account2 payable-through account ,the terms account1 correspondent account1 and payable-through account have the meanings given those terms in section #ecah;,a of title #ca1 ,united ,states ,code4 7#b7 ,admission2 admitted2 alien ,the terms admission1 admitted1 and alien have the meanings given those terms in section #aja of the ,immigration and ,nationality ,act 7#h ,u4,s4,c4 #aaja74 7#c7 ,appropriate congressional committees ,the term appropriate congressional committees means-- 7,a7 the ,committee on ,foreign ,relations1 the ,committee on ,armed ,services1 and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate2 and 7,b7 the ,committee on ,foreign ,affairs1 the ,committee on ,armed ,services1 and the ,committee on ,financial ,services of the ,house of ,representatives4 7#d7 ,armed ,forces of the ,people's ,republic of ,china ,the term ,armed ,forces of the ,people's ,republic of ,china includes1 at a minimum-- 7,a7 the ,people's ,liberation ,army ,aerospace ,force2 7,b7 the ,people's ,liberation ,army ,cyberspace ,force2 7,c7 the ,people's ,liberation ,army ,information ,support ,force2 7,d7 the ,people's ,liberation ,army ,joint ,logistics ,support ,force2 7,e7 the ,people's ,liberation ,army ,air ,force2 7,f7 the ,people's ,liberation ,army ,army2 7,g7 the ,people's ,liberation ,army ,navy2 7,h7 the ,people's ,liberation ,army ,special ,operations ,forces2 7,i7 the ,people's ,liberation ,army ,rocket ,force2 7,j7 the ,joint ,staff ,department of the ,central ,military ,commission2 7,k7 the ,china ,coast ,guard2 7,l7 paramilitary forces1 including the ,maritime ,militia2 7,m7 the ,people's ,armed ,police2 and 7,n7 any successor entities or proxies of the entities described in subparagraphs 7,a7 through 7,m74 7#e7 ,covered determination ,the term covered determination has the meaning given that term in section #aja7;a74 7#f7 ,critical infrastructure 7,a7 ,in general ,the term critical infrastructure1 with respect to ,taiwan1 means systems and assets1 whether physical or virtual1 so vital to ,taiwan that the incapacity or destruction of such systems and assets would have catastrophic regional or national effects on public health or safety1 economic security1 or national security4 7,b7 ,included sectors ,the term critical infrastructure includes assets in the following sectors3 7i7 ,biotechnology4 7ii7 ,chemical4 7iii7 ,commercial facilities4 7iv7 ,communications4 7v7 ,critical manufacturing4 7vi7 ,dams4 7vii7 ,defense industrial base4 7viii7 ,emergency services4 7ix7 ,energy4 7x7 ,financial services4 7xi7 ,food and agriculture4 7xii7 ,government facilities4 7xiii7 ,healthcare and public health4 7xiv7 ,information technology4 7xv7 ,materials and waste4 7xvi7 ,nuclear reactors4 7xvii7 ,space4 7xviii7 ,transportation systems4 7xix7 ,water and wastewater systems4 7#g7 ,financial institution ,the term financial institution means a financial institution specified in subparagraph 7,a71 7,b71 7,c71 7,d71 7,e71 7,f71 7,g71 7,h71 7,i71 7,j71 7,m71 or 7,y7 of section #ecab7;a77#b7 of title #ca1 ,united ,states ,code4 7#h7 ,foreign person ,the term foreign person means an individual or entity that is not a ,united ,states person4 7#i7 ,knowingly ,the term knowingly with respect to conduct1 a circumstance1 or a result1 means that a person had actual knowledge1 or should have known1 of the conduct1 the circumstance1 or the result4 7#aj7 ,sanctioned person ,the term sanctioned person means any person with respect to which sanctions are imposed under this ,act4 7#aa7 ,top decision-making body ,the term top decision-making body1 with respect to the ,people's ,republic of ,china and the ,chinese ,communist ,party1 includes-- 7,a7 the ,chinese ,communist ,party ,politburo ,standing ,committee2 7,b7 the ,chinese ,communist ,party ,central ,military ,commission2 7,c7 the ,chinese ,communist ,party ,politburo2 7,d7 the ,chinese ,communist ,party ,central ,committee2 7,e7 the ,chinese ,communist ,party ,national ,congress2 7,f7 the ,state ,council of the ,people's ,republic of ,china2 7,g7 the ,state ,central ,military ,commission of the ,people's ,republic of ,china2 and 7,h7 any successor entity or proxy of an entity described in any of subparagraphs 7,a7 through 7,g74 7#ab7 ,united states person ,the term ,united ,states person means-- 7,a7 a ,united ,states citizen or an alien lawfully admitted for permanent residence to the ,united ,states2 or 7,b7 an entity organized under the laws of the ,united ,states or any jurisdiction within the ,united ,states1 including a foreign branch of such an entity4 ,i ,sanctions and other measures in response to significant threats to security of ,taiwan #aja4 ,covered determinations 7a7 ,covered determination defined ,in this ,act1 the term covered determination means-- 7#a7 a determination by the ,president under subsection 7b7 that an actor described in paragraph 7#a7 of that subsection has engaged1 is engaging1 or is planning to engage imminently in an act described in paragraph 7#b7 of that subsection2 or 7#b7 the enactment of a joint resolution pursuant to subsection 7c74 7b7 ,determinations by ,president 7#a7 ,in general ,not later than #ae days after the date of the enactment of this ,act1 and not less frequently than every #cj days thereafter1 the ,president shall determine if any of the following actors has engaged1 is engaging1 or is planning to engage imminently in an act described in paragraph 7#b73 7,a7 ,the ,government of the ,people's ,republic of ,china4 7,b7 ,the ,chinese ,communist ,party4 7,c7 ,any proxy of the ,government of the ,people's ,republic of ,china or the ,chinese ,communist ,party4 7,d7 ,any individual or entity controlled by or acting at the direction of the ,government of the ,people's ,republic of ,china or the ,chinese ,communist ,party4 7,e7 ,any individual who serves on any top decision-making body of the ,government of the ,people's ,republic of ,china4 7,f7 ,any person described in section #ajb or #ajc4 7#b7 ,acts described ,an act described in this paragraph is any of the following3 7,a7 ,overthrowing or dismantling the governing institutions in ,taiwan4 7,b7 ,occupying any territory controlled or administered by ,taiwan as of the date of the enactment of this ,act4 7,c7 ,violating the territorial integrity of ,taiwan4 7,d7 ,taking any of the following actions3 7i7 ,creating a naval or aerial blockade of ,taiwan4 7ii7 ,seizing the offshore islands of ,taiwan4 7iii7 ,initiating a military attack1 including-- 7,i7 an amphibious landing or assault2 7,,ii7 an airport operation1 air assault1 or aerial bombardment2 7,,iii7 missile attacks2 or 7,,iv7 naval bombardment4 7iv7 ,a debilitating attack on the critical infrastructure of ,taiwan4 7c7 ,determinations by joint resolution 7#a7 ,covered joint resolution defined ,in this subsection1 the term covered joint resolution means only a joint resolution of either ,house of ,congress the sole matter after the resolving clause of which is as follows3 ,that ,congress determines that an actor described in paragraph 7#a7 of section #aja7;b7 of the ,sanctions ,targeting ,aggressors of ,neighboring ,democracies with ,taiwan ,act of #bjbf has engaged1 is engaging1 or is planning to engage in an act described in paragraph 7#b7 of that section44 7#b7 ,introduction ,a covered joint resolution may be introduced-- 7,a7 in the ,house of ,representatives1 by the majority leader 7or the majority leader's designee7 or the minority leader 7or the minority leader's designee72 and 7,b7 in the ,senate1 by the majority leader 7or the majority leader's designee7 or the minority leader 7or the minority leader's designee74 7#c7 ,floor consideration in ,house of ,representatives 7,a7 ,discharge from committee ,if a committee of the ,house of ,representatives to which a covered joint resolution has been referred has not reported the joint resolution within #b calendar days after the date of referral of the joint resolution1 the committee shall be discharged from further consideration of the joint resolution and the joint resolution shall be placed on the appropriate calendar4 7,b7 ,moving to consideration ,at any time after a covered joint resolution has been placed on the appropriate calendar1 it is in order for the sponsor of the joint resolution 7or a designee7 to move for the consideration of that joint resolution4 7,c7 ,points of order2 motions ,all points of order against the covered joint resolution and its consideration are waived4 ,if the motion under subparagraph 7,b7 is agreed to1 the joint resolution shall remain the unfinished business of the ,house until disposed of1 except as provided in paragraph 7#e74 7,d7 ,no amendments ,a covered joint resolution shall not be subject to amendment in the ,house of ,representatives4 7,e7 ,debate ,general debate on a covered joint resolution shall not exceed #d hours1 which shall be equally divided and controlled by the sponsor of the joint resolution 7or a designee7 and an opponent4 7,f7 ,final passage ,at the conclusion of debate1 the previous question shall be considered as ordered on the resolution1 and the ,house of ,representatives shall vote on final passage without intervening motion4 7#d7 ,consideration in the ,senate 7,a7 ,reporting and discharge ,if the committee of the ,senate to which a covered joint resolution was referred has not reported the joint resolution within #b calendar days after the date of referral of the joint resolution1 that committee shall be discharged from further consideration of the joint resolution and the joint resolution shall be placed on the appropriate calendar4 7,b7 ,proceeding to consideration ,notwithstanding ,rule ,,xxii of the ,standing ,rules of the ,senate1 it is in order at any time after the committee of the ,senate to which a covered joint resolution was referred reports the joint resolution to the ,senate or has been discharged from consideration of the joint resolution 7even though a previous motion to the same effect has been disagreed to7 to move to proceed to the consideration of the joint resolution1 and all points of order against the joint resolution 7and against consideration of the joint resolution7 are waived4 ,the motion to proceed is not debatable4 ,the motion is not subject to a motion to postpone4 7,c7 ,no amendments ,an amendment to a covered joint resolution1 or a motion to postpone1 or a motion to proceed to the consideration of other business1 or a motion to recommit a covered joint resolution1 is not in order4 7,d7 ,consideration 7i7 ,limitation on debate ,consideration in the ,senate of a covered joint resolution shall be limited to not more than #aj hours1 which shall be equally divided between1 and controlled by1 the majority leader and the minority leader1 or by their designees4 7ii7 ,vote on adoption ,whenever all the time for debate on a covered joint resolution has been used or yielded back1 the vote on the adoption of the resolution shall occur without any intervening motion or amendment1 except that a single quorum call at the conclusion of the debate if requested in accordance with the ,rules of the ,senate may occur immediately before such vote4 7,e7 ,rulings of the chair on procedure ,appeals from the decisions of the ,chair relating to the application of the rules of the ,senate1 as the case may be1 to the procedure relating to a covered joint resolution shall be decided without debate4 7,f7 ,consideration of veto messages ,debate in the ,senate of any veto message with respect to a covered joint resolution1 including all debatable motions and appeals in connection with the joint resolution1 shall be limited to #aj hours1 to be equally divided between1 and controlled by1 the majority leader and the minority leader or their designees4 7#e7 ,rules relating to ,senate and ,house of ,representatives 7,a7 ,treatment of ,senate joint resolution in house ,in the ,house of ,representatives1 the following procedures shall apply to a covered joint resolution received from the ,senate 7unless the ,house has already passed a joint resolution relating to the same proposed action73 7i7 ,the joint resolution shall be referred to the appropriate committees4 7ii7 ,if a committee to which a joint resolution has been referred has not reported the joint resolution within #b calendar days after the date of referral1 that committee shall be discharged from further consideration of the joint resolution4 7iii7 ,beginning on the third legislative day after the committee to which a joint resolution has been referred reports the joint resolution to the ,house or has been discharged from further consideration thereof1 it shall be in order to move to proceed to consider the joint resolution in the ,house4 ,all points of order against the motion are waived4 ,such a motion shall not be in order after the ,house has disposed of a motion to proceed on the joint resolution4 ,the previous question shall be considered as ordered on the motion to its adoption without intervening motion4 ,the motion shall not be debatable4 ,a motion to reconsider the vote by which the motion is disposed of shall not be in order4 7iv7 ,the joint resolution shall be considered as read4 ,all points of order against the joint resolution and against its consideration are waived4 ,the previous question shall be considered as ordered on the joint resolution to final passage without intervening motion except #d hours of debate equally divided and controlled by the sponsor of the joint resolution 7or a designee7 and an opponent4 ,a motion to reconsider the vote on passage of the joint resolution shall not be in order4 7,b7 ,treatment of house joint resolution in ,senate 7i7 ,receipt before passage ,if1 before the passage by the ,senate of a covered joint resolution1 the ,senate receives an identical joint resolution from the ,house of ,representatives1 the following procedures shall apply3 7,i7 ,that joint resolution shall not be referred to a committee4 7,,ii7 ,with respect to that joint resolution-- 7aa7 the procedure in the ,senate shall be the same as if no joint resolution had been received from the ,house of ,representatives2 but 7bb7 the vote on passage shall be on the joint resolution from the ,house of ,representatives4 7ii7 ,receipt after passage ,if1 following passage of a covered joint resolution in the ,senate1 the ,senate receives an identical joint resolution from the ,house of ,representatives1 that joint resolution shall be placed on the appropriate ,senate calendar4 7iii7 ,no companion measure ,if a covered joint resolution is received from the ,house1 and no companion joint resolution has been introduced in the ,senate1 the ,senate procedures under this subsection shall apply to the ,house joint resolution4 7,c7 ,application to revenue measures ,the provisions of this paragraph shall not apply in the ,house of ,representatives to a covered joint resolution that is a revenue measure4 7#f7 ,rules of the ,house of ,representatives and ,senate ,this subsection is enacted by ,congress-- 7,a7 as an exercise of the rulemaking power of the ,senate and the ,house of ,representatives1 respectively1 and as such is deemed a part of the rules of each ,house1 respectively1 and supersedes other rules only to the extent that it is inconsistent with such rules2 and 7,b7 with full recognition of the constitutional right of either ,house to change the rules 7so far as relating to the procedure of that ,house7 at any time1 in the same manner1 and to the same extent as in the case of any other rule of that ,house4 #ajb4 ,imposition of sanctions with respect to officials of the ,government of the ,people's ,republic of ,china and members of the ,chinese ,communist ,party 7a7 ,in general ,not later than #c days after a covered determination is made1 the ,president shall-- 7#a7 impose the sanctions described in section #bja with respect to the persons described in subsection 7b71 to the extent such persons can be identified2 and 7#b7 prohibit any ,united ,states person 7other than an official of the ,united ,states ,government acting in an official capacity7 from engaging in any transaction with a person described in subsection 7b74 7b7 ,persons described ,the persons described in this subsection are the following3 7#a7 ,the following officials of the ,government of the ,people's ,republic of ,china3 7,a7 ,the ,general ,secretary of the ,chinese ,communist ,party and all members of the ,standing ,committee of the ,national ,people's ,congress of the ,people's ,republic of ,china4 7,b7 ,the ,president of the ,people's ,republic of ,china4 7,c7 ,the ,vice ,president of the ,people's ,republic of ,china4 7,d7 ,leaders of the ,state ,council of the ,people's ,republic of ,china1 including the ,premier1 ,vice ,premiers1 ,state ,councilors1 and the ,secretary ,general4 7,e7 ,members of the ,state ,council of the ,people's ,republic of ,china1 including all ,ministers and heads of all constituent agencies4 7,f7 ,the ,minister of ,national ,defense of the ,people's ,republic of ,china4 7,g7 ,members of the ,central ,military ,commission of the ,chinese ,communist ,party4 7,h7 ,the commanders of the ,people's ,liberation ,army1 the ,people's ,liberation ,army ,navy1 the ,people's ,liberation ,army ,air ,force1 and the ,people's ,liberation ,army ,rocket ,force4 7,i7 ,the ,commander of the ,people's ,armed ,police ,force of the ,central ,military ,commission4 7,j7 ,the ,commander of the ,people's ,liberation ,army ,reserve ,force4 7,k7 ,the ,commander-in-,chief of the ,people's ,liberation ,army ,aerospace ,force1 ,cyberspace ,force1 ,information ,support ,force1 and ,joint ,logistics ,force4 7,l7 ,the ,director of the ,office of the ,central ,commission for ,foreign ,affairs of the ,central ,committee of the ,chinese ,communist ,party4 7,m7 ,the ,chair of the ,national ,development and ,reform ,commission of the ,people's ,republic of ,china4 7,n7 ,the ,minister of ,agriculture and ,rural ,affairs of the ,people's ,republic of ,china4 7,o7 ,the ,minister of ,state ,security of the ,people's ,republic of ,china4 7,p7 ,the ,minister of ,public ,security of the ,people's ,republic of ,china4 7,q7 ,any foreign person serving as a member of the ,standing ,committee of the ,national ,people's ,congress of the ,people's ,republic of ,china4 7,r7 ,any foreign person serving as a member of the ,state ,central ,military ,commission of the ,people's ,republic of ,china4 7,s7 ,the ,chief ,justice or ,grand ,justice of the ,supreme ,people's ,court of the ,people's ,republic of ,china4 7,t7 ,the ,prosecutor ,general of the ,supreme ,people's ,procuratorate of the ,people's ,republic of ,china4 7,u7 ,any foreign person serving as a member of the ,state ,council or any organ composing the ,state ,council of the ,people's ,republic of ,china4 7,v7 ,any other official of the ,government of the ,people's ,republic of ,china that the ,president determines should be subject to sanctions under subsection 7a74 7#b7 ,any foreign person that-- 7,a7 knowingly sells1 supplies1 transfers1 markets1 or provides defense articles1 equipment1 goods1 services1 technology1 or materials to the ,armed ,forces of the ,people's ,republic of ,china2 7,b7 knowingly conducts a transaction with the ,armed ,forces of the ,people's ,republic of ,china 7other than a transaction of an official of a foreign government acting in an official capacity72 7,c7 has engaged in or attempted to engage in activities that-- 7i7 materially undermine the military readiness of ,taiwan2 7ii7 seek to overthrow1 dismantle1 or subvert the governing institutions of ,taiwan2 7iii7 debilitate the critical infrastructure of ,taiwan2 7iv7 debilitate cybersecurity systems through malicious electronic attacks or cyberattacks on ,taiwan2 7v7 undermine the democratic processes of ,taiwan2 or 7vi7 involve committing serious human rights abuses against citizens of ,taiwan1 including forceful transfers1 enforced disappearances1 unjust detainment1 or torture2 or 7,d7 is responsible for or complicit in1 or has directly or indirectly engaged or attempted to engage in1 for or on behalf of1 or for the benefit of1 directly or indirectly1 the ,government of the ,people's ,republic of ,china-- 7i7 transnational corruption1 bribery1 extortion1 or money laundering2 7ii7 assassination1 murder1 or other unlawful killing of1 or infliction of other bodily harm against1 a ,united ,states person or a citizen or national of an ally or partner of the ,united ,states2 7iii7 activities that undermine the peace1 security1 political stability1 or territorial integrity of the ,united ,states or an ally or partner of the ,united ,states2 or 7iv7 deceptive or structured transactions or dealings to circumvent the application of any sanctions imposed by the ,united ,states1 including through the use of digital currencies or assets or the use of physical assets4 7#c7 ,any agent of any person described in paragraph 7#a7 or 7#b71 or any other person1 if the sanctioned person transferred property or an interest in property to the agent or other person-- 7,a7 after the date on which the ,president imposed sanctions with respect to the sanctioned person2 or 7,b7 before that date1 if the sanctioned person did so in an attempt to evade the imposition of sanctions4 #ajc4 ,imposition of sanctions with respect to financial institutions affiliated with the ,government of the ,people's ,republic of ,china 7a7 ,in general ,not later than #c days after a covered determination is made1 the ,secretary of the ,treasury shall-- 7#a7 impose the sanctions described in subsection 7b7 with respect to-- 7,a7 the ,people's ,bank of ,china2 7,b7 any state-owned bank2 7,c7 any other financial institution organized under the laws of the ,people's ,republic of ,china and owned in whole or part by the ,government of the ,people's ,republic of ,china2 7,d7 any subsidiary of1 or successor entity to1 any of the financial institutions described in subparagraphs 7,a7 through 7,f72 and 7,e7 any financial institution that engages in transactions with any of the financial institutions described in subparagraphs 7,a7 through 7,g72 7#b7 impose the sanctions described in section #bja with respect to any directors of1 officers of1 officials of1 and shareholders with an interest in1 a financial institution described in paragraph 7#a72 and 7#c7 prohibit any ,united ,states person from engaging in any transaction with a financial institution described in paragraph 7#a74 7b7 ,sanctions described ,the sanctions described in this subsection are the following3 7#a7 ,blocking of property 7,a7 ,in general ,the ,president shall exercise all of the powers granted to the ,president under the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agja et seq47 to the extent necessary to block and prohibit all transactions in property and interests in property of a financial institution subject to subsection 7a77#a7 if such property and interests in property are in the ,united ,states1 come within the ,united ,states1 or are or come within the possession or control of a ,united ,states person4 7,b7 ,inapplicability of national emergency requirement ,the requirements of section #bjb of the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agja7 shall not apply for purposes of this section4 7#b7 ,restrictions on correspondent and payable-through accounts ,the ,president shall prohibit the opening1 and prohibit or impose strict conditions on the maintaining1 in the ,united ,states of a correspondent account or payable-through account by a financial institution subject to subsection 7a77#a74 7c7 ,state-,owned bank defined ,in this section1 the term state-owned bank-- 7#a7 means a bank that-- 7,a7 is incorporated in the ,people's ,republic of ,china2 or 7,b7 is owned in whole or part by the ,government of the ,people's ,republic of ,china2 and 7#b7 includes-- 7,a7 the ,export-,import ,bank of ,china2 7,b7 the ,china ,development ,bank2 7,c7 the ,agricultural ,development ,bank of ,china2 7,d7 the ,industrial and ,commercial ,bank of ,china2 7,e7 the ,china ,construction ,bank2 7,f7 the ,bank of ,communications2 7,g7 the ,agricultural ,bank of ,china2 and 7,h7 the ,bank of ,china4 #ajd4 ,imposition of sanctions with respect to entities owned by or affiliated with the ,government of the ,people's ,republic of ,china or the ,chinese ,communist ,party ,not later than #c days after a covered determination is made1 the ,secretary of the ,treasury shall impose the sanctions described in section #bja7a7 with respect to any entity engaged in commercial activities on behalf of the ,government of the ,people's ,republic of ,china or the ,chinese ,communist ,party1 in which the government or party has an ownership stake and exercises ultimate control over business decisions4 #aje4 ,prohibition on transfers of funds involving the ,people's ,republic of ,china 7a7 ,in general ,except as provided by subsection 7b71 not later than #c days after a covered determination is made1 a depository institution 7as defined in section #ai7;b77#a77;,a7 of the ,federal ,reserve ,act 7#ab ,u4,s4,c4 #dfa7;b77#a77;,a777 or a broker or dealer in securities registered with the ,securities and ,exchange ,commission under the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #gh;a et seq47 may not process transfers of funds-- 7#a7 to or from the ,people's ,republic of ,china2 or 7#b7 for the direct or indirect benefit of officials of the ,government of the ,people's ,republic of ,china or members of the ,chinese ,communist ,party4 7b7 ,exception ,a depository institution1 broker1 or dealer described in subsection 7a7 may process a transfer described in that subsection if the transfer-- 7#a7 arises from1 and is ordinarily incident and necessary to give effect to1 an underlying transaction that is authorized by a specific or general license2 and 7#b7 does not involve debiting or crediting a ,chinese account4 #ajf4 ,prohibition on listing or trading of ,chinese entities on ,united ,states securities exchanges 7a7 ,in general ,the ,securities and ,exchange ,commission shall prohibit the securities of an issuer described in subsection 7b7 from being traded on a national securities exchange on and after the date that is #c days after a covered determination is made4 7b7 ,issuers ,an issuer described in this subsection is an issuer that is a security listed with the ,china ,securities ,regulatory ,commission4 7c7 ,definitions ,in this section3 7#a7 ,issuer2 security ,the terms issuer and security have the meanings given those terms in section #c7;a7 of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #gh;c74 7#b7 ,national securities exchange ,the term national securities exchange means an exchange registered as a national securities exchange in accordance with section #f of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #gh;f74 #ajg4 ,prohibition on investments by ,united ,states financial institutions that benefit the ,government of the ,people's ,republic of ,china or the ,chinese ,communist ,party 7a7 ,in general ,not later than #c days after a covered determination is made1 the ,secretary of the ,treasury shall prohibit any ,united ,states financial institution from making any investments described in subsection 7b74 7b7 ,investments described ,an investment described in this subsection is a monetary investment-- 7#a7 to-- 7,a7 an entity owned or controlled by the ,government of the ,people's ,republic of ,china or the ,chinese ,communist ,party2 or 7,b7 the ,people's ,liberation ,army2 or 7#b7 for the benefit of any priority industrial sector identified in the ,made in ,china #bjbe plan or the #adth ,five ,year ,smart ,manufacturing ,development ,plan1 including-- 7,a7 agriculture machinery2 7,b7 information technology2 7,c7 artificial intelligence1 machine learning1 and robotics2 7,d7 green energy and green vehicles2 7,e7 aerospace equipment2 7,f7 ocean engineering and high tech ships2 7,g7 railway equipment2 7,h7 power equipment2 7,i7 new materials2 7,j7 medicine and medical devices2 7,k7 fifth generation and future generation telecommunications and other advanced wireless networking technologies2 7,l7 semiconductor manufacturing2 7,m7 biotechnology2 7,n7 quantum computing2 7,o7 surveillance technologies1 including facial recognition technologies and censorship software2 7,p7 fiber optic cables2 and 7,q7 mining and resource development4 7c7 ,united ,states financial institution defined ,in this section1 the term ,united ,states financial institution-- 7#a7 means any financial institution that is a ,united ,states person2 and 7#b7 includes an investment company1 private equity company1 venture capital company1 or hedge fund that is a ,united ,states person4 #ajh4 ,measures relating to energy sector of the ,people's ,republic of ,china 7a7 ,prohibition on exports ,on and after the date that is #c days after a covered determination is made1 the ,secretary of ,commerce shall prohibit1 under the ,export ,control ,reform ,act of #bjah 7#ej ,u4,s4,c4 #dhja et seq471 the export1 reexport1 or in-country transfer to or in the ,people's ,republic of ,china any energy or energy product produced in the ,united ,states4 7b7 ,prohibition on investments ,on and after the date that is #c days after a covered determination is made1 a ,united ,states person may not make an investment in the energy sector of the ,people's ,republic of ,china4 7c7 ,imposition of sanctions ,the ,president shall-- 7#a7 impose the sanctions described in section #bja with respect to any foreign person that the ,president determines knowingly sells1 supplies1 transfers1 markets1 or provides goods1 services1 technology1 information1 or other support that facilitates the maintenance or expansion of the production of oil1 uranium1 natural gas1 petroleum1 petroleum products1 or petrochemical products for use by any person subject to sanctions under section #ajb1 #ajc1 or #ajd2 and 7#b7 prohibit any ,united ,states person from engaging in any transaction with a person described in paragraph 7#a74 7d7 ,definitions ,in this section1 the terms export1 in-country transfer1 reexport1 and ,united ,states person have the meanings given those terms in section #agdb of the ,export ,control ,reform ,act of #bjah 7#ej ,u4,s4,c4 #dhja74 #aji4 ,prohibition on purchases of sovereign debt of the ,people's ,republic of ,china by ,united ,states persons ,on and after the date that is #c days after a covered determination is made1 the purchase of sovereign debt of the ,government of the ,people's ,republic of ,china by any ,united ,states person is prohibited4 #aaj4 ,prohibition on provision of services to sanctioned financial institutions by international financial messaging systems ,not later than #c days after a covered determination is made1 the ,president shall impose sanctions pursuant to the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agja et seq47 with respect to-- 7#a7 any global financial communications services provider that does not terminate the provision of financial communications services to1 and the enabling and facilitation of access to such services for1 any financial institution subject to sanctions under section #ajc or any other provision of this ,act2 and 7#b7 the directors of1 officers of1 and shareholders with a interest in1 the provider4 #aaa4 ,increases in duties on goods imported from the ,people's ,republic of ,china 7a7 ,in general ,not later than #ae days after a covered determination is made1 the ,president shall1 notwithstanding any other provision of law1 increase the rate of duty for all goods imported into the ,united ,states from the ,people's ,republic of ,china to a rate of up to #ejj percent ad valorem4 7b7 ,duty rate in addition to antidumping and countervailing duties ,the rate of duty required under subsection 7a7 with respect to a good described in that subsection shall be in addition to any antidumping or countervailing duty applicable with respect to the good under title ,,vii of the ,tariff ,act of #aicj 7#ai ,u4,s4,c4 #afga et seq474 #aab4 ,increases in duties on goods imported from countries that support the ,people's ,republic of ,china 7a7 ,in general ,not later than #ae days after a covered determination is made1 and every #ij days thereafter1 the ,president shall1 notwithstanding any other provision of law1 increase the rate of duty for all goods imported into the ,united ,states from a country described in subsection 7b7 to a rate of up to #ejj percent ad valorem4 7b7 ,countries described ,a country is described in this subsection if the country-- 7#a7 knowingly sells1 supplies1 transfers1 or purchases oil1 uranium1 natural gas1 petroleum products1 or petrochemical products to or from the ,people's ,republic of ,china2 or 7#b7 knowingly sells1 supplies1 transfers1 or purchases products1 material1 or financial support to or from the ,people's ,republic of ,china for its military-industrial capacity or for any act described in section #aja7;b77#b74 7c7 ,duty rate in addition to antidumping and countervailing duties ,the rate of duty required under subsection 7a7 with respect to a good described in that subsection shall be in addition to any antidumping or countervailing duty applicable with respect to the good under title ,,vii of the ,tariff ,act of #aicj 7#ai ,u4,s4,c4 #afga et seq474 7d7 ,prohibition on waivers for certain countries ,the ,president may not waive under section #bjb the application of subsection 7a7 with respect to-- 7#a7 a country the government of which the ,secretary of ,state has determined has repeatedly provided support for acts of international terrorism 7commonly referred to as a state sponsor of terrorism71 for purposes of-- 7,a7 section #aged7;c77#a77;,a77i7 of the ,export ,control ,reform ,act of #bjah 7#ej ,u4,s4,c4 #dhac7;c77#a77;,a77i772 7,b7 section #fbj;,a of the ,foreign ,assistance ,act of #aifa 7#bb ,u4,s4,c4 #bcga72 7,c7 section #dj7;d7 of the ,arms ,export ,control ,act 7#bb ,u4,s4,c4 #bghj7;d772 or 7,d7 any other provision of law2 or 7#b7 a country specified in section #dhgb7;f77#b7 of title #aj1 ,united ,states ,code4 7e7 ,military-,industrial capacity defined ,in this section1 the term military-industrial capacity means the capacity of a country to produce and supply the equipment1 technology1 weapons1 training and deployment of personnel1 manpower1 and systems necessary for military operations4 ,,ii ,general provisions #bja4 ,sanctions described ,the sanctions described in this section are the following3 7#a7 ,blocking of property 7,a7 ,in general ,the ,president shall exercise all of the powers granted by the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agja et seq47 to block and prohibit all transactions in all property and interests in property of the sanctioned person if such property and interests in property are in the ,united ,states1 come within the ,united ,states1 or are or come within the possession or control of a ,united ,states person4 7,b7 ,inapplicability of national emergency requirement ,the requirements of section #bjb of the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agja7 shall not apply for purposes of this section4 7#b7 ,ineligibility for visas1 admission1 or parole 7,a7 ,visas1 admission1 or parole ,in the case of a sanctioned person who is an alien1 the alien shall be-- 7i7 inadmissible to the ,united ,states2 7ii7 ineligible to receive a visa or other documentation to enter the ,united ,states2 and 7iii7 otherwise ineligible to be admitted or paroled into the ,united ,states or to receive any other benefit under the ,immigration and ,nationality ,act 7#h ,u4,s4,c4 #aaja et seq474 7,b7 ,current visas revoked 7i7 ,in general ,the visa or other entry documentation of an alien described in subparagraph 7,a7 shall be revoked1 regardless of when such visa or other entry documentation is or was issued4 7ii7 ,immediate effect ,a revocation under clause 7i7 shall-- 7,i7 take effect immediately2 and 7,,ii7 automatically cancel any other valid visa or entry documentation that is in the alien's possession4 #bjb4 ,national security waiver ,except as provided by section #aab7;d71 the ,president may waive1 for successive periods of not more than #ij days each1 the application of sanctions1 prohibitions1 restrictions1 duties1 and penalties under this ,act with respect to a person if1 for each such period1 the ,president-- 7#a7 determines that such a waiver-- 7,a7 is in the national security interests of the ,united ,states2 and 7,b7 supports the enduring security of ,taiwan and a return to the disposition of forces that prevailed before the act that led to the applicable covered determination2 and 7#b7 submits to the appropriate congressional committees a notification of the waiver and the reasons for the waiver4 #bjc4 ,exceptions 7a7 ,support for people of the people's republic of china ,this ,act shall not apply with respect to efforts to promote democracy in the ,people's ,republic of ,china4 7b7 ,exception for intelligence activities ,this ,act shall not apply with respect to activities subject to the reporting requirements under title ,v of the ,national ,security ,act of #aidg 7#ej ,u4,s4,c4 #cjia et seq47 or any authorized intelligence activities of the ,united ,states4 7c7 ,exception ,to comply with international obligations ,sanctions under this ,act shall not apply to the admission of an alien if the admission of that alien is necessary to comply with ,united ,states obligations under the ,agreement between the ,united ,nations and the ,united ,states regarding the ,headquarters of the ,united ,nations1 signed at ,lake ,success ,june #bf1 #aidg1 and entered into force ,november #ba1 #aidg1 under the ,convention on ,consular ,relations1 done at ,vienna ,april #bd1 #aifc1 and entered into force ,march #ai1 #aifg1 or under other international agreements4 7d7 ,exception relating to importation of goods 7#a7 ,in general ,the authorities and requirements to impose sanctions authorized under this ,act shall not include the authority or requirement to impose sanctions on the importation of goods4 7#b7 ,good defined ,in this subsection1 the term good means any article1 natural or manmade substance1 material1 supply or manufactured product1 including inspection and test equipment1 and excluding technical data4 #bjd4 ,implementation2 penalties 7a7 ,implementation ,the ,president may exercise all authorities provided under sections #bjc and #bje of the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agjb and #agjd7 to carry out this ,act 7other than sections #aaa and #aab74 7b7 ,penalties ,a person that violates1 attempts to violate1 conspires to violate1 or causes a violation of any provision of this ,act 7other than section #aaa or #aab7 or any regulation1 license1 or order issued to carry out any such provision shall be subject to the penalties set forth in subsections 7b7 and 7c7 of section #bjf of the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agje7 to the same extent as a person that commits an unlawful act described in subsection 7a7 of that section4 #bje4 ,termination authority 7a7 ,in general ,the ,president may terminate the application of sanctions1 prohibitions1 restrictions1 duties1 and penalties under this ,act if the ,president submits to ,congress a certification that-- 7#a7 all actors described in paragraph 7#a7 of section #aja7;b7 have verifiably ceased engaging in acts described in paragraph 7#b7 of that section2 and 7#b7 the ,government of the ,people's ,republic of ,china and the ,chinese ,communist ,party have renounced engaging in any such acts in the future4 7b7 ,reimposition ,if1 after the submission of a certification described in subsection 7a71 an actor described in paragraph 7#a7 of section #aja7;b7 engages in an act described in paragraph 7#b7 of that section1 the ,president shall immediately reimpose all previously terminated sanctions1 prohibitions1 restrictions1 duties1 and penalties imposed under this ,act1 in addition to new sanctions1 prohibitions1 restrictions1 duties1 and penalties under this ,act4