,,ii #aai? ,,congress #b;d ,session ,s4 #dhii ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,june #bd1 #bjbf,mr4 ,ka9e 7= himself & ,mr4 ,curtis7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,=eign ,relations ,a ,,bill ,to require ! ,secret>y ( ,/ate to e/abli% ! ,initiative on ,=eign ,inve/m5t ,scre5+1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,secur+ ,p>tn] ,supply ,*a9s ,act4 #b4 ,initiative on =eign inve/m5t scre5+ 7a7 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,=eign inve/m5t c be b5eficial to economic gr[?1 b also pres5ts risks to national security if critical infra/ructure1 s5sitive te*nology1 or supply *a9s are compromis$4 7#b7 ,_m =eign c\ntries lack robu/ regulatory frameworks to scre5 =eign inve/m5ts = national security risks4 7#c7 ,/r5g!n+ inve/m5t scre5+ me*anisms worldwide supports ,unit$ ,/ates national security by enhanc+ ! resili5ce ( allies & p>tn] c\ntries aga9/ malign =eign influ5ce4 7#d7 ,! ,unit$ ,/ates has exp]tise 9 inve/m5t scre5+ t c be lev]ag$ to assi/ allies & p>tn] c\ntries4 7b7 ,initiative on =eign inve/m5t scre5+ 7#a7 ,e/abli%m5t ,n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y ( ,/ate %all e/abli% ! ,initiative on ,=eign ,inve/m5t ,scre5+ 79 ?is section ref]r$ to z ! ,initiative74 7#b7 ,coord9ation ,! ,secret>y %all coord9ate ) ! heads ( o!r ,unit$ ,/ates ,gov]nm5t ag5cies1 z appropriate1 9 ! e/abli%m5t & activities ( ! ,initiative4 7#c7 ,designat$ (ficial ,! ,secret>y %all designate ! ,"u ,secret>y = ,economic ,affairs or a designee ( ! ,"u ,secret>y to lead ! initiative4 7#d7 ,duties ,! ,initiative %all-- 7,a7 provide te*nical assi/ance1 tra9+1 & advisory s]vices to =eign c\ntries reg>d+ be/ practices = scre5+ =eign inve/m5ts = national security risks to su* c\ntries2 7,b7 facilitate coord9ation among ,unit$ ,/ates ,gov]nm5t ag5cies1 ! private sector1 p>tn] c\ntries1 & civil society to promote security /&>ds = =eign inve/m5t2 7,c7 support ! developm5t & implem5tation ( =eign inve/m5t scre5+ me*anisms 9 p>tn] c\ntries ?r\gh regulatory guidance & in=mation %>+2 7,d7 assess ! progress ( p>tn] c\ntries 9 e/abli%+ robu/ =eign inve/m5t scre5+ me*anisms2 & 7,e7 conduct outrea* & capacity-build+ ef=ts to enhance global aw>5ess ( ! national security risks ( =eign inve/m5t4 7#e7 ,t]m9ation ,! ,initiative %all t]m9ate on ! date t is #e ye>s aft] ! date on :i* ! ,initiative is e/abli%$ "u p>agraph 7#a74 7#f7 ,annual report to ,congress ,n lat] ?an "o ye> aft] ! date ( ! enactm5t ( ?is ,act1 & annually !reaft] = #c ye>s1 ! ,secret>y %all submit to ! appropriate congressional committees a report on ! activities ( ! ,initiative1 includ+-- 7,a7 a summ>y ( te*nical assi/ance & tra9+ provid$ to =eign c\ntries2 7,b7 an assessm5t ( progress made by =eign c\ntries 9 implem5t+ =eign inve/m5t scre5+ me*anisms2 7,c7 an evaluation ( em]g+ national security risks relat$ to =eign inve/m5t2 7,d7 recomm5dations = fur!r ,unit$ ,/ates engagem5t ) =eign c\ntries reg>d+ scre5+ =eign inve/m5ts = national security risks to su* c\ntries2 & 7,e7 = ea* c\ntry det]m9$ by ! ,secret>y to be a p>tn] c\ntry pursuant to subsection 7c77#d77;,c7 dur+ ! ye> prec$+ submission ( ! report1 a detail$ description ( ! reasons = su* det]m9ation4 7c7 ,def9itions ,9 ?is section3 7#a7 ,appropriate congressional committees ,! t]m appropriate congressional committees means ! foll[+3 7,a7 ,! ,committee on ,=eign ,affairs ( ! ,h\se ( ,repres5tatives4 7,b7 ,! ,committee on ,=eign ,relations ( ! ,s5ate4 7#b7 ,=eign inve/m5t ,! t]m =eign inve/m5t means direct or indirect inve/m5t 9 ! economy ( a c\ntry by-- 7,a7 an individual :o is n a citiz5 or national ( su* c\ntry2 or 7,b7 an entity t is n organiz$ "u ! laws ( su* c\ntry or any jurisdiction )9 su* c\ntry4 7#c7 ,national security risk ,! t]m national security risk means a risk relat$ to critical infra/ructure1 s5sitive te*nology1 supply *a9 vuln]abilities1 or malign =eign influ5ce4 7#d7 ,p>tn] c\ntry ,! t]m p>tn] c\ntry means ! foll[+3 7,a7 ,a c\ntry ) :i* ! ,unit$ ,/ates has 9 effect a bilat]al or multilat]al free trade agreem5t4 7,b7 ,a c\ntry ) :i* ! ,unit$ ,/ates has 9 effect a treaty = mutual def5se4 7,c7 ,any o!r c\ntry or jurisdiction1 z det]m9$ by ! ,secret>y4