Sec. 5404. Briefing on Chinese support for Afghan illicit finance
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/bill/117/hr/7900/pcs/section-5404·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than one year after the date of the enactment of this Act, the Secretary of Treasury shall brief 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 and the Permanent Select Committee on Intelligence of the House of Representatives and the Select Committee on Intelligence of the Senate on the financial activities of China and Chinese entities in connection with the finances of Afghanistan and the Taliban. The briefing under subsection
(a)shall include the following: An assessment of the activities undertaken by the People’s Republic of China and Chinese-registered companies to support illicit financial networks in Afghanistan, particularly such networks involved in narcotics trafficking, illicit financial transactions, official corruption, natural resources exploitation, and terrorist networks. An assessment of financial, commercial, and economic activities undertaken by China and Chinese companies in Afghanistan, including the licit and illicit extraction of critical minerals, to support Chinese policies counter to American strategic interests. Information relating to the impacts of existing United States and multilateral laws, regulations, and sanctions, including environmental and public health impacts of natural resources exploitation. Any recommendations to Congress regarding legislative or regulatory improvements necessary to support the identification and disruption of Chinese-supported illicit financial networks in Afghanistan.