Sec. 7. Amendments to the BUILD Act of 2018
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Section 1411 of the Better Utilization of Investments Leading to Development Act of 2018 ( 22 U.S.C. 9611 ) is amended— in paragraph (7), by striking and at the end; in paragraph (8), by striking the period at the end and inserting a semicolon; and by adding at the end the following: to further United States economic growth by prioritizing United States-owned businesses in providing support under title II; and to further United States national security by prioritizing the production of goods in critical industries, as determined by the Corporation, in consultation with the Department of Homeland Security. .
Title V of the Better Utilization of Investments Leading to Development Act of 2018 ( 22 U.S.C. 9671 et seq. ) is amended by adding at the end the following: Except as provided in subsection (b), the Corporation is prohibited from providing support under title II for an entity owned or controlled by a foreign government. The Corporation may provide feasibility studies and technical assistance under title II for an entity owned or controlled by a foreign government that is not a foreign adversary.
In this subsection, the term foreign adversary means a foreign government engaged in a long-term pattern or serious instances of conduct significantly adverse to the national security of the United States or security and safety of United States persons. . The table of contents for the FAA Reauthorization Act of 2018 ( 49 U.S.C. 40101 note) is amended by inserting after the item relating to section 1454 the following: Sec. 1455. Prohibition on support for entities owned or controlled by foreign governments. .
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