,,ii  #aaith ,,congress  #b;d ,session  
,s4 #dhii  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,june #bd1     
#bjbf,mr4 ,kaine 7for himself and ,mr4  
,curtis7 introduced the following bill2 
which was read twice and referred to the
 ,committee on ,foreign ,relations  ,a  
,,bill  ,to require the ,secretary of   
,state to establish the ,initiative on  
,foreign ,investment ,screening1 and for
 other purposes4  #a4 ,short title ,this
 ,act may be cited as the ,securing     
,partner ,supply ,chains ,act4  #b4     
,initiative on foreign investment       
screening  7a7 ,findings ,congress finds
 the following3 7#a7 ,foreign investment
 can be beneficial to economic growth1  
but also presents risks to national     
security if critical infrastructure1    
sensitive technology1 or supply chains  
are compromised4  7#b7 ,many foreign    
countries lack robust regulatory        
frameworks to screen foreign investments
 for national security risks4  7#c7     
,strengthening investment screening     

mechanisms worldwide supports ,united   
,states national security by enhancing  
the resilience of allies and partner    
countries against malign foreign        
influence4  7#d7 ,the ,united ,states   
has expertise in investment screening   
that can be leveraged to assist allies  
and partner countries4  7b7 ,initiative 
on foreign investment screening  7#a7   
,establishment ,not later than #ahj days
 after the date of the enactment of this
 ,act1 the ,secretary of ,state shall   
establish the ,initiative on ,foreign   
,investment ,screening 7in this section 
referred to as the ,initiative74  7#b7  
,coordination ,the ,secretary shall     
coordinate with the heads of other      
,united ,states ,government agencies1 as
 appropriate1 in the establishment and  
activities of the ,initiative4  7#c7    
,designated official ,the ,secretary    
shall designate the ,under ,secretary   
for ,economic ,affairs or a designee of 
the ,under ,secretary to lead the       
initiative4  7#d7 ,duties ,the          

,initiative shall-- 7,a7 provide        
technical assistance1 training1 and     
advisory services to foreign countries  
regarding best practices for screening  
foreign investments for national        
security risks to such countries2  7,b7 
facilitate coordination among ,united   
,states ,government agencies1 the       
private sector1 partner countries1 and  
civil society to promote security       
standards for foreign investment2  7,c7 
support the development and             
implementation of foreign investment    
screening mechanisms in partner         
countries through regulatory guidance   
and information sharing2  7,d7 assess   
the progress of partner countries in    
establishing robust foreign investment  
screening mechanisms2 and  7,e7 conduct 
outreach and capacity-building efforts  
to enhance global awareness of the      
national security risks of foreign      
investment4  7#e7 ,termination ,the     
,initiative shall terminate on the date 
that is #e years after the date on which

 the ,initiative is established under   
paragraph 7#a74  7#f7 ,annual report to 
,congress ,not later than one year after
 the date of the enactment of this ,act1
 and annually thereafter for #c years1  
the ,secretary shall submit to the      
appropriate congressional committees a  
report on the activities of the         
,initiative1 including-- 7,a7 a summary 
of technical assistance and training    
provided to foreign countries2  7,b7 an 
assessment of progress made by foreign  
countries in implementing foreign       
investment screening mechanisms2  7,c7  
an evaluation of emerging national      
security risks related to foreign       
investment2  7,d7 recommendations for   
further ,united ,states engagement with 
foreign countries regarding screening   
foreign investments for national        
security risks to such countries2 and   
7,e7 for each country determined by the 
,secretary to be a partner country      
pursuant to subsection 7c77#d77;,c7     
during the year preceding submission of 

the report1 a detailed description of   
the reasons for such determination4  7c7
 ,definitions ,in this section3 7#a7    
,appropriate congressional committees   
,the term appropriate congressional     
committees means the following3 7,a7    
,the ,committee on ,foreign ,affairs of 
the ,house of ,representatives4  7,b7   
,the ,committee on ,foreign ,relations  
of the ,senate4  7#b7 ,foreign          
investment ,the term foreign investment 
means direct or indirect investment in  
the economy of a country by-- 7,a7 an   
individual who is not a citizen or      
national of such country2 or  7,b7 an   
entity that is not organized under the  
laws of such country or any jurisdiction
 within such country4  7#c7 ,national   
security risk ,the term national        
security risk means a risk related to   
critical infrastructure1 sensitive      
technology1 supply chain                
vulnerabilities1 or malign foreign      
influence4  7#d7 ,partner country ,the  
term partner country means the          

following3 7,a7 ,a country with which   
the ,united ,states has in effect a     
bilateral or multilateral free trade    
agreement4  7,b7 ,a country with which  
the ,united ,states has in effect a     
treaty for mutual defense4  7,c7 ,any   
other country or jurisdiction1 as       
determined by the ,secretary4