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Code · BILL · 118th Congress · H.R. 7678 (Introduced in House) — To amend the Defense Production Act of 1950 to better address certain transactions by foreign entities of concern, an... · Sec. 4

Sec. 4. Best practices for State and local officials relating to potential transactions with foreign entities of concern

162 words·~1 min read·/bill/118/hr/7678/ih/section-4·

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Not later than 180 days after the date of the enactment of this Act, the Director of National Intelligence, in coordination with the Secretary of Homeland Security, the Secretary of Commerce, and the heads of any other Federal department or agencies determined relevant by the Director of National Intelligence, shall develop and make publicly available best practices for use by State and local officials with respect to engaging in a potential transaction with a foreign entity of concern.
Such best practices shall including an identification of— common risks associated with engaging a foreign entity of concern with respect to such a potential transaction; and Federal resources available to assist such officials in determining the specific national security risks, if any, of such a potential transaction. In this section, the term foreign entity of concern has the meaning given that term in section 9901 of the William M.
(Mac)Thornberry National Defense Authorization Act for Fiscal Year 2021 ( 15 U.S.C. 4651 ).
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Sec. 4
Best practices for State and local officials relating to potential transactions with foreign entities of concern
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