,,ii #aai? ,,congress #a/ ,session ,s4 #ibh ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,m>* #aa 7legislative day1 ,m>* #aj71 #bjbe,mr4 ,banks introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,heal?1 ,education1 ,labor1 & ,p5sions ,a ,,bill ,to am5d ! ,employm5t ,retirem5t ,income ,security ,act ( #aigd to prohibit plan inve/m5ts 9 =eign adv]s>y & sanction$ entities1 require disclosure ( exi/+ inve/m5ts 9 su* entities1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,protect+ ,am]icans' ,retirem5t ,sav+s ,act or ,,p>sa4 #b4 ,prohibition on inve/m5t 9 c]ta9 entities ,section #djd7;a7 ( ! ,employee ,retirem5t ,income ,security ,act ( #aigd 7#bi ,u4,s4,c4 #aajd7;a77 is am5d$ by add+ at ! end ! foll[+3 7#c7 ,prohibition on inve/m5t 9 c]ta9 entities 7,a7 ,9 g5]al ,x %all be a violation ( p>agraph 7#a7 = a fiduci>y ( a plan to fail to ensure t ! plan does n engage 9 a transaction t ! fiduci>y kn[s1 or %\ld "k1 w result 9 ! plan-- 7i7 acquir+ an int]e/ 7z def9$ 9 section #ajc7;h77 betwe5 ! plan & a cov]$ entity2 7ii7 l5d+ money or ext5d+ cr$it to a cov]$ entity2 7iii7 furni%+ goods1 s]vices1 or facilities to a cov]$ entity2 & 7iv7 transf]r+1 directly or indirectly1 to or = use by or = ! b5efit ( a cov]$ entity-- 7,i7 any assets ( ! plan2 or 7,,ii7 any data ) respect to any p>ticipant or b5efici>y ( ! plan4 7,b7 ,def9itions 7i7 ,cov]$ entity ,= purposes ( ?is p>agraph1 ! t]m cov]$ entity means a =eign adv]s>y entity or sanction$ entity1 z su* t]ms are def9$ 9 section #ajc7;h74 7ii7 ,fiduci>y ,= purposes ( subp>agraph 7,a77iv77,,ii71 ! t]m fiduci>y includes any p]son :o ex]cises direct or indirect discretion>y au?ority1 responsibility1 or control ) respect to any p>ticipant b5efici>y data4 7,c7 ,cont9uation ( curr5t inve/m5ts ,9 ! case ( a plan hold+ an inve/m5t 9 a cov]$ entity on ! date ( enactm5t ( ! ,protect+ ,am]icans' ,retirem5t ,sav+s ,act1 su* plan may1 not)/&+ subp>agraph 7,a71 cont9ue to hold su* inve/m5t )\t violat+ p>agraph 7#a7 if ! fiduci>y ( su* plan complies ) ! requirem5ts ( subp>agraphs 7,i7 & 7,j7 ( section #ajc7;b77#c74 7,d7 ,contractually obligat$ inve/m5ts ,9 ! case ( a plan t has ent]$ into a b9d+ agreem5t prior to ! date ( enactm5t ( ! ,protect+ ,am]icans' ,retirem5t ,sav+s ,act obligat+ su* plan to engage 9 a transaction describ$ 9 subp>agraph 7,a71 if ! fiduci>y ( su* plan complies ) ! requirem5ts ( subp>agraphs 7,i71 7,j71 & 7,k7 ( section #ajc7;b77#c71 su* plan may1 not)/&+ subp>agraph 7,a71 fulfill ! t]ms ( su* agreem5t )\t violat+ p>agraph 7#a7 until su* agreem5t-- 7i7 expires2 or 7ii7 all[s = t]m9ation4 4 #c4 ,additional disclosures = employee retirem5t funds 7a7 ,9 g5]al ,section #ajc7;b77#c7 ( ! ,employee ,retirem5t ,income ,security ,act ( #aigd 7#bi ,u4,s4,c4 #ajbc7;b77#c77 is am5d$-- 7#a7 9 subp>agraph 7,h77iv71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7#b7 by ins]t+ at ! end ! foll[+3 7,i7 a /atem5t ( all assets 9 ! plan t consi/1 9 :ole or 9 "p1 ( an int]e/ 9 a sanction$ entity1 includ+-- 7i7 ! aggregate value ( su* assets 9 ! plan2 7ii7 ! id5tity ( ea* sanction$ entity 9 :i* su* plan holds an int]e/2 & 7iii7 in=mation id5tify+ ea* li/ "u subsection 7h77#e7 on :i* su* sanction$ entity is li/$1 & ! reasons = :i* an entity may be plac$ on su* li/4 7,j7 a /atem5t ( all assets 9 ! plan t consi/1 9 :ole or 9 "p1 ( an int]e/ 9 a =eign adv]s>y entity1 includ+-- 7i7 ! aggregate value ( su* assets 9 ! plan2 7ii7 ! specific int]e/1 & value !re(1 t su* plan holds 9 ea* su* =eign adv]s>y entity2 7iii7 ! "n ( any inve/m5t vehicle ?r\gh :i* ! plan holds su* int]e/2 7iv7 ! "n ( ! fiduci>y responsible = su* inve/m5t2 & 7v7 a brief /atem5t ( factors consid]$ by ! fiduci>y 9 ma9ta9+ su* inve/m5t4 7,k7 a description ( any ongo+ agreem5t subject to section #djd7;a77#c77;,d71 includ+-- 7i7 ! assets involv$ 9 su* agreem5t2 7ii7 ! date on :i* su* agreem5t expires2 7iii7 ! date on :i* su* commitm5t may be t]m9at$2 & 7iv7 su* o!r in=mation z ! ,secret>y may deem appropriate4 4 7b7 ,def9itions ,section #ajc ( ! ,employee ,retirem5t ,income ,security ,act ( #aigd 7#bi ,u4,s4,c4 #ajbc7 is fur!r am5d$ by add+ at ! end ! foll[+3 7h7 ,def9itions ,9 ?is section3 7#a7 ,control ,! t]m control has ! mean+ giv5 9 section #hjj4bjh ( title #ca1 ,code ( ,f$]al ,regulations 7z 9 effect on ! date ( enactm5t ( ! ,protect+ ,am]icans' ,retirem5t ,sav+s ,act74 7#b7 ,export ,adm9i/ration ,regulations ,! t]m ,export ,adm9i/ration ,regulations means ! regulations set =? 9 sub*apt] ,c ( *apt] ,,vii ( title #ae1 ,code ( ,f$]al ,regulations1 or successor regulations4 7#c7 ,=eign adv]s>y ,! t]m =eign adv]s>y -- 7,a7 has ! mean+ giv5 ! t]m cov]$ nation 9 section #dhgb7;d7 ( title #aj1 ,unit$ ,/ates ,code 7z 9 effect on ! date ( enactm5t ( ?is ,act72 & 7,b7 includes any ,special ,adm9i/rative ,region ( any su* cov]$ nation4 7#d7 ,=eign adv]s>y entity ,! t]m =eign adv]s>y entity means-- 7,a7 any (ficial gov]nm5tal body at any level 9 a =eign adv]s>y2 7,b7 ! arm$ =ces ( a =eign adv]s>y2 7,c7 ! lead+ political p>ty ( a =eign adv]s>y2 7,d7 a p]son organiz$ "u ! laws (1 headqu>t]$ 91 or ) its pr9cipal place ( bus9ess 9 a =eign adv]s>y2 or 7,e7 a p]son subject to ! direction or control ( an entity li/$ 9 subp>agraphs 7,a7 ?r\gh 7,d74 7#e7 ,int]e/ ,! t]m int]e/ includes any int]e/-- 7,a7 held directly or indirectly ?r\gh any *a9 ( own]%ip2 or 7,b7 held z a d]ivative f9ancial in/rum5t or o!r contractual arrangem5t ) respect to a sanction$ entity or =eign adv]s>y entity1 includ+ any f9ancial in/rum5t or o!r contract :i* seeks to replicate any f9ancial return ) respect to su* an entity or an int]e/ 9 su* an entity4 7#f7 ,sanction$ entity ,! t]m sanction$ entity means an entity li/$ on any ( ! foll[+ li/s3 7,a7 ,! ,non-,,sdn ,*9ese ,milit>y-,indu/rial ,complex ,companies ,li/ 7,,ns-,,cmic ,li/7 ma9ta9$ by ! ,(fice ( ,=eign ,assets ,control ( ! ,dep>tm5t ( ! ,treasury "u ,executive ,ord] #adjcb 7#hf ,f$4 ,reg4 #cjade2 relat+ to ,address+ ! ,?reat ,f ,securities ,inve/m5ts ,t ,f9ance ,c]ta9 ,companies ( ! ,p's ,republic ( ,*9a71 or any successor ord]4 7,b7 ,! li/ ( ,*9ese milit>y companies id5tifi$ by ! ,secret>y ( ,def5se pursuant to 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 note74 7,c7 ,! ,entity ,li/ ma9ta9$ by ! ,dep>tm5t ( ,comm]ce & set =? 9 ,supplem5t ,no4 #d to "p #gdd ( ! ,export ,adm9i/ration ,regulations4 7,d7 ,! ,d5i$ ,p]sons ,li/ ma9ta9$ by ! ,dep>tm5t ( ,comm]ce & describ$ 9 section #gfd4c7;a77#b7 ( ! ,export ,adm9i/ration ,regulations4 7,e7 ,! ,unv]ifi$ ,li/ set =? 9 ,supplem5t ,no4 #f to "p #gdd ( ! ,export ,adm9i/ration ,regulations4 7,f7 ,! ,milit>y ,end ,us] ,li/ set =? 9 ,supplem5t ,no4 #g to "p #gdd ( ! ,export ,adm9i/ration ,regulations4 7,g7 ,! li/ ( companies ^: equipm5t or s]vices are ma9ta9$ by ! ,f$]al ,communications ,commission "u section #b7;a7 ( ! ,secure & ,tru/$ ,communications ,networks ,act ( #bjai 7#dg ,u4,s4,c4 #afja7;a771 commonly ref]r$ to z ! ,,fcc ,cov]$ li/4 7,h7 ,! ,uyghur ,=c$ ,labor ,prev5tion ,act ,entity ,li/ ma9ta9$ pursuant to section #b7;d77#b77;,b7 ( ! ,act entitl$ #8,an ,act to ensure t goods made ) =c$ labor 9 ! ,x9jiang ,uyghur ,autonom\s ,region ( ! ,p's ,republic ( ,*9a d n ent] ! ,unit$ ,/ates m>ket1 & = o!r purposes'1 approv$ ,decemb] #bc1 #bjba 7,public ,law #aag-gh74 7,i7 ,! ,)hold ,release ,ord]s & ,f9d+s ,li/ ma9ta9$ by ! ,commission] ( ,u4,s4 ,cu/oms & ,bord] ,protection pursuant to ! ,act entitl$ #8,an ,act to ensure t goods made ) =c$ labor 9 ! ,x9jiang ,uyghur ,autonom\s ,region ( ! ,p's ,republic ( ,*9a d n ent] ! ,unit$ ,/ates m>ket1 & = o!r purposes'1 approv$ ,decemb] #bc1 #bjba 7,public ,law #aag-gh74 4 7c7 ,effective date 7#a7 ,regulations requir$ ,n m ?an #ahj days aft] ! enactm5t ( ?is ,act1 ! ,secret>y %all issue regulations implem5t+ ?is ,act4 7#b7 ,effective date ( regulations ,! regulations issu$ "u p>agraph 7#a7 %all take effect n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act4