Sec. 14706. Foreign investments and national security
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Not later than 1 year after the date of the enactment of this Act and biennially thereafter for the following 5 years, the Secretary, in consultation with the Secretary of the Treasury, the Director of National Intelligence, and the heads of other agencies, as appropriate, shall submit to Congress an interagency strategy to work with foreign governments and multilateral institutions to guard against the risks of certain transactions involving foreign investments. Each interagency strategy under paragraph
(1)shall include plans relating to the following: Information sharing with foreign governments and multilateral institutions regarding risks associated with potential foreign investments. Promoting American and other alternatives to foreign investments identified as presenting substantial risk to the national security or sovereignty of a country. Providing technical assistance to foreign governments or multilateral institutions regarding screening foreign investments. Designating points of contact at each United States mission to foreign governments and multilateral institutions, and in associated regional bureaus, to coordinate efforts described in this paragraph. If the Secretary determines such is appropriate, the designated points of contact referred to in subsection (b)(4) may be the same individual designated under section 14704(a).