Sec. 116. Economic support to allies and partners
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Not later than 180 days after the date of the enactment of this Act, the Undersecretary of State for Economic Growth, Energy, and the Environment, using the economic analysis as described in section 115, shall coordinate with other relevant Federal departments and agencies, as appropriate, to develop and implement a strategy to provide proactive support to partners and allies at risk of becoming target countries for PRC economic coercion. Such support may include the following activities:
Data and information sharing on economic risks and vulnerabilities, including specific sectors. Technical support to establish proactive action plan and contingency plans to reduce the partner country’s vulnerability to coercive economic practices and limit the damage of economic coercion. Implementing any bilateral or multilateral contingency plans for responding to the threat or use of PRC economic coercion. Providing technical assistance to partner countries in screening foreign sovereign investment in physical and digital infrastructure, and foreign investment in other strategic sectors that may increase the partner country’s vulnerability to PRC economic coercion.
Funding non-governmental entities to support public conferences and reports on the use of economic coercion and options for response efforts. Of the $25,000,000 authorized in section 112(b), $5,000,000 may be allocated to the Bureau of Economic and Business Affairs to resource, staff, and implement the strategy in subsection (a).