Sec. 17. Modification of annual report
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Section 721(m) of the Defense Production Act of 1950 ( 50 U.S.C. 4565(m) ) is amended— in paragraph (1), by striking committee and all that follows through Representatives, and inserting appropriate congressional committees ; in paragraph (2)— by amending subparagraph
(A)to read as follows: A list of all notices filed and all reviews or investigations of covered transactions completed during the period, with— a description of the outcome of each review or investigation, including whether an agreement was entered into or condition was imposed under subsection (l)(3)(A) with respect to the transaction being reviewed or investigated, and whether the President took any action under this section with respect to that transaction; basic information on each party to each such transaction; the nature of the business activities or products of the United States business with which the transaction was entered into or intended to be entered into; and information about any withdrawal from the process. ; by adding at the end the following: Statistics on compliance reviews conducted and actions taken by the Committee under subsection (l)(6), including subparagraph
(D)of that subsection, during that period and a description of any actions taken by the Committee to impose penalties or initiate a unilateral review pursuant to subsection (b)(1)(D)(iii)(I). ; in paragraph (3)— by striking and all that follows through critical technologies In order to assist and inserting ; critical technologies .—In order to assist by striking subparagraph (B); and by redesignating clauses
(i)and
(ii)as subparagraphs
(A)and (B), respectively, and by moving such subparagraphs, as so redesignated, 2 ems to the left; and by adding at the end the following: The Director of National Intelligence shall transmit to the chairperson, for inclusion in a classified portion of each report required to be submitted under paragraph
(1)during calendar year 2018 and every even-numbered year thereafter, the report of the interagency group established under subparagraph (C). The report referred to in subparagraph
(A)shall include an identification, analysis, and explanation of the following: Any current or projected major threats to the national security of the United States with respect to foreign investment. Any strategies used by countries of special concern to utilize foreign investment to target the acquisition of critical technologies, critical materials, or critical infrastructure. Any economic espionage efforts directed at the United States by a foreign country, particularly a country of special concern. The Director of National Intelligence— shall establish an interagency working group, composed of representatives of elements of the intelligence community, to prepare the report required under this paragraph; shall serve as the chairperson of the interagency working group; and may consult with and seek input from any member of the Committee, as the Director considers necessary. All appropriate portions of the annual report required by paragraph
(1)may be classified. An unclassified version of the report required by paragraph (1), as appropriate and consistent with safeguarding national security and privacy, shall be made available to the public. Information regarding trade secrets or business confidential information may be included in the classified version and may not be made available to the public in the unclassified version. The exceptions to subsection
(a)of section 552 of title 5, United States Code, provided for under subsection
(b)of that section shall apply with respect to the report required by paragraph (1). In this subsection, the term appropriate congressional committees means— the Committee on Banking, Housing, and Urban Affairs, the Select Committee on Intelligence, the Committee on Armed Services, the Committee on the Judiciary, and the Committee on Homeland Security and Governmental Affairs of the Senate; and the Committee on Financial Services, the Permanent Select Committee on Intelligence, the Committee on Armed Services, the Committee on the Judiciary, and the Committee on Homeland Security of the House of Representatives. .
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Sec. 17
Modification of annual report
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