What does SECRETARY DEFINED. of Comprehensive Outbound Investment National Security Act of 2025 do?

This section defines the term 'Secretary' as used within this Act.

What does SEVERABILITY. of Comprehensive Outbound Investment National Security Act of 2025 do?

This section establishes a severability clause for the Act. If any part of the Act is found to be invalid, the rest of the Act remains in effect. The application of an invalidated provision to other individuals or situations will not be affected.

What does AUTHORIZATION OF APPROPRIATIONS. of Comprehensive Outbound Investment National Security Act of 2025 do?

This section authorizes appropriations of $150,000,000 to the Department of the Treasury for two fiscal years. These funds may be transferred to the Department of Commerce for outreach and administration related to the Act and its amendments. The President, the Secretary of the Treasury, and the Secretary of Commerce are authorized to appoint individuals to the competitive service, without regard to certain title 5 restrictions, to carry out the Act. A maximum of 15 individuals may be appointed directly by the President.

What does SENSE OF CONGRESS. of Comprehensive Outbound Investment National Security Act of 2025 do?

This section expresses the sense of Congress regarding entities in countries of concern, including the People's Republic of China (PRC). Congress believes these entities are developing dual-use strategic technologies that benefit foreign adversaries' military modernization, surveillance states, and human rights abuses. The section states that restricting U.S. outbound investments into these technologies in countries of concern is necessary to prevent harm to U.S. national security and foreign policy interests. Congress recommends that the President use authorities granted by this Act to prevent countries of concern from exploiting U.S. capital to undermine U.S. national security and foreign policy interests.

What does TERMINATION. of Comprehensive Outbound Investment National Security Act of 2025 do?

This Act, and any amendments made by it, will terminate seven years after its enactment. The termination date is calculated as seven years from the date of the Act's enactment.

What does IMPOSITION OF SANCTIONS. of Comprehensive Outbound Investment National Security Act of 2025 do?

This section authorizes the President to impose sanctions on foreign persons determined to be 'covered foreign persons'. The President can utilize powers granted under the International Emergency Economic Powers Act to prohibit U.S. persons from investing in or purchasing equity or debt instruments of these foreign persons. Penalties for violating this section align with those outlined in section 206 of the International Emergency Economic Powers Act. Activities subject to reporting requirements under Title V of the National Security Act of 1947 and authorized U.S. intelligence activities are exempt from these sanctions. Transactions for the official business of the Federal Government are also exempt. The President must submit a report to Congress annually for seven years, starting one year after enactment, identifying whether foreign persons on the Non-SDN Chinese Military-Industrial Complex Companies List are 'covered foreign persons'. The President has authority to use administrative provisions under sections 203 and 205 of the International Emergency Economic Powers Act to implement this section. This section does not limit the President's authority to designate foreign persons for sanctions under other federal laws.

What does DEFINITIONS. of Comprehensive Outbound Investment National Security Act of 2025 do?

This section defines terms used within the title. “Appropriate congressional committees” are specified as the Committee on Financial Services and the Committee on Foreign Affairs of the House of Representatives, and the Committee on Banking, Housing, and Urban Affairs and the Committee on Foreign Relations of the Senate. “Country of concern” is defined as the People's Republic of China, including Hong Kong and Macau. “Covered foreign person” includes entities incorporated in, or with principal places of business in, countries of concern, members of the Chinese Communist Party leadership, governments of countries of concern, entities under their direction, and those owned 50% or more by such entities, and who engage in significant operations in the defense or surveillance technology sectors. “Foreign person” is defined as any person not a United States person. “Knowingly” means having actual knowledge or should have known. The “Non-SDN Chinese Military-Industrial Complex Companies List” refers to the list maintained by the Office of Foreign Assets Control under Executive Orders 13959 and 14032. “Person” is broadly defined as an individual or entity. “United States person” includes U.S. citizens, lawful permanent residents, entities organized under U.S. laws, and persons in the United States.

What does EXCEPTION RELATING TO IMPORTATION OF GOODS. of Comprehensive Outbound Investment National Security Act of 2025 do?

This section establishes an exception relating to the importation of goods. Sanctions authorized under this Act cannot include sanctions on the importation of goods. The term 'good' is defined as any article, natural or manmade substance, material, supply or manufactured product, excluding technical data.

What does PROHIBITION AND NOTIFICATION ON INVESTMENTS RELATING TO of Comprehensive Outbound Investment National Security Act of 2025 do?

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Comprehensive Outbound Investment National Security Act of 2025

Q: What does Preamble of Comprehensive Outbound Investment National Security Act of 2025 do?

This bill, formally titled 'A BILL To protect the national security of the United States by imposing sanctions with respect to certain persons of the People's Republic of China and prohibiting and requiring notifications with respect to certain investments by United States persons in countries of concern,' aims to protect U.S. national security. The bill proposes sanctions against certain individuals within the People's Republic of China. It also addresses investments made by U.S. persons in countries of concern, establishing prohibitions and notification requirements.