Sec. 211. Strategy to protect Ukraine’s defense industry from strategic competitors
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It is the sense of Congress that the United States should work with the Government of Ukraine to ensure strategic assets and companies in Ukraine’s aerospace and defense sector are not subject to foreign ownership, control, or undue influence by strategic competitors to the United States, such as the People’s Republic of China (PRC). These efforts will require support from across the Executive Branch and should leverage all available tools and authorities. Not later than 30 days after the date of the enactment of this Act, the President, acting through the Secretary of Defense and the Secretary of State and in consultation with the heads of other relevant Departments and agencies as the President may determine, shall submit to the appropriate committees of Congress a strategy to support Ukraine in protecting its aerospace and defense industry from predatory investments.
The strategy required under paragraph
(1)shall include the following elements: An assessment of the efforts by strategic competitors, such as the PRC, to acquire strategic assets and companies in Ukraine’s aerospace and defense sector and the national security implications for Ukraine, the United States, and other NATO allies and partners. An assessment of the vulnerabilities that strategic competitors of the United States exploit to acquire strategic assets in the Ukrainian aerospace and defense sector, Ukraine’s progress in addressing them, and United States initiatives to support these efforts such as assistance in strengthening Ukraine’s investment screening and national security vetting laws. An assessment of Ukraine’s efforts to make reforms necessary to incentivize Western investment in Ukraine’s aerospace and defense sector and United States support for these efforts. A strategy to— promote, as appropriate, United States direct investment in Ukraine’s aerospace and defense sector; better leverage tools like debt financing, equity investments, and political risk insurance to incentivize greater participation by United States firms; provide an alternative to PRC investments; and engage like-minded allies and partners on these efforts. The strategy required under paragraph
(1)shall be submitted in classified form.