,,ii  #aaith ,,congress  #b;d ,session  
,s4 #efdc  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,september #cj1
 #bjbf,mr4 ,scott of ,florida 7for      
himself and ,mr4 ,cramer7 introduced the
 following bill2 which was read twice   
and referred to the ,committee on       
,banking1 ,housing1 and ,urban ,affairs 
,a ,,bill  ,to direct the ,securities   
and ,exchange ,commission to            
indefinitely suspend the trading of     
securities of certain companies1 and for
 other purposes4  #a4 ,short title ,this
 ,act may be cited as the ,protecting   
,u4,s4 ,investors ,from ,chinese        
,military ,companies ,act4  #b4         
,definitions ,in this ,act3 7#a7        
,appropriate committees of ,congress    
,the term appropriate committees of     
,congress means the ,committee on       
,banking1 ,housing1 and ,urban ,affairs 
of the ,senate and the ,committee on    
,financial ,services of the ,house of   
,representatives4  7#b7 ,commission ,the
 term ,commission means the ,securities 

and ,exchange ,commission4  #c4         
,suspension  7a7 ,in general ,except as 
provided in subsection 7b71 not later   
than #aj days after the date on which   
the ,secretary of ,defense revises the  
list pursuant to section #abfj;,h of the
 ,william ,m4 7,mac7 ,thornberry        
,national ,defense ,authorization ,act  
for ,fiscal ,year #bjba 7#aj ,u4,s4,c4  
#aac note2 ,public ,law #aaf-bhc71 the  
,commission shall indefinitely suspend  
the trading of securities of any company
 on the list if the company remains on  
the list for #b annual revisions4  7b7  
,non-,,sdn ,chinese                     
,military-,industrial ,complex          
,companies ,list ,not later than #aj    
days after the date on which the ,office
 of ,foreign ,assets ,control of the    
,department of the ,treasury adds a     
,chinese military company described in  
subsection 7a7 to the ,non-,,sdn        
,chinese ,military-,industrial ,complex 
,companies ,list1 the ,commission shall 
notify the appropriate committees of    

,congress that the ,commission did not  
suspend the trading of securities of the
 company4  7c7 ,regulations  7#a7 ,in   
general ,the ,commission shall          
promulgate regulations1 and issue such  
orders1 as are strictly necessary to    
carry out the requirements of this      
section4  7#b7 ,contents ,consistent    
with subsections 7a7 and 7b71 the       
regulations and orders promulgated and  
issued under paragraph 7#a7 may address 
only-- 7,a7 the identification of       
securities subject to a trading         
prohibition2  7,b7 the timing1          
administration1 and enforcement of such 
trading prohibition2  7,c7 the          
verification and application of the     
exception2 and  7,d7 the notices        
required to the appropriate committees  
of ,congress4  7#c7 ,limitations        
,chapters #e and #g of title #e1 ,united
 ,states ,code1 shall not apply with    
respect to any regulation promulgated   
under this subsection4  7#d7 ,rule of   
construction ,nothing in this subsection

 may be construed to authorize the      
,commission to-- 7,a7 establish criteria
 for inclusion on1 or removal from1 the 
lists described in subsections 7a7 and  
7b72  7,b7 impose a requirement1        
restriction1 penalty1 or obligation not 
expressly authorized by this section2   
7,c7 require a securities trading       
prohibition outside of what is          
authorized under this section2 or  7,d7 
regulate any person or transaction other
 than as necessary to implement a       
trading prohibition or exception        
expressly required under this section4