H. R. 3011
IN THE HOUSE OF REPRESENTATIVES
May 7, 2021
Mr. Banks (for himself, Mr. Steube, and Mr. Wilson of South Carolina) introduced the following bill; which was referred to the Committee on Foreign Affairs
To modify the definition of a communist Chinese military company for purposes of the imposition of certain sanctions, and for other purposes.
This Act may be cited as the
Holding Chinese Military Companies Accountable Act.
Modifications to applications of IEEPA authorities to communist Chinese military companies
Section 1237(b)(4)(B) of the Strom Thurmond National Defense Authorization Act for Fiscal Year 1999 (50 U.S.C. 1701 note) is amended—
by striking clause (ii);
in the matter preceding clause (i), by striking
that— and inserting
that is engaged in providing commercial services, manufacturing, producing, or exporting and—;
in clause (i), by striking
; and and inserting
; or; and
by adding at the end the following new clause:
is owned or controlled by, or affiliated with, the Chinese Communist Party or any person who has ever been a delegate of a National People’s Congress of the Chinese Communist Party; and
is engaged in significant investment in the sectors of fifth-generation wireless communications, artificial intelligence, advanced computing,
big data analytics, autonomy, robotics, directed energy, hypersonics, or biotechnology.
Extension of authority
Notwithstanding section 1061(i)(6) of the National Defense Authorization Act for Fiscal Year 2017 (10 U.S.C. 111 note), the submission required by subsection (b) of section 1237 of the Strom Thurmond National Defense Authorization Act for Fiscal Year 1999—
shall not terminate on December 31, 2021; and
shall continue in effect until December 31, 2026.