Sec. 9. Encouraging developing nations to seek compensation from China
232 words·~1 min read·
/bill/116/hr/7007/ih/section-9·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not earlier than 60 days after the date that the Secretary of State enters into negotiations with China concerning a bilateral agreement on compensation pursuant to section 7, if China did not enter into, or abide by, a contract or agreement relating to such negotiations, the Secretary of State shall submit to the appropriate congressional committees a report described in subsection (b). The report described in this subsection shall include information concerning strategies to encourage and support developing countries that are facing a severe health and economic crisis due to China’s actions during the spread of the virus responsible for COVID–19 and indebted to China to freeze, repossess, and seize Chinese assets and holdings in each such country, renege on loans or debt, and expropriate ports in order to fund response efforts to the spread of the virus responsible for COVID–19 if China does not provide compensation to such developing countries.
In this section: The term appropriate congressional committees means— the Committee on Foreign Affairs of the House of Representatives; and the Committee on Foreign Relations of the Senate. The term Chinese assets and holdings means the following entities in a developing country— Chinese state-owned entities; Chinese entities financed, directed, or controlled by China or the Chinese Communist Party; or entities organized under the laws of a developing country that are financed, directed, or controlled by China or the Chinese Communist Party.