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Code · BILL · 119th Congress · H.R. 7688 (Introduced in House) — To modernize and reauthorize the Defense Production Act of 1950, and for other purposes. · Sec. 5

Sec. 5. Prohibition and notification on investments relating to covered national security transaction

294 words·~1 min read·/bill/119/hr/7688/ih/section-5

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The Defense Production Act of 1950 ( 50 U.S.C. 4501 et seq. ) is amended— by redesignating title VIII as title IV; by redesignating sections 801 through 809 as sections 401 through 409, respectively; in subsection (e)(1) of section 401, as so redesignated, by striking section 709 and inserting section 309 ; in section 402, as so redesignated— in subsection (a), by striking section 801(a) and inserting section 401(a) ; in subsection (b)(1), by striking section 709 and inserting section 309 ; and in subsection (c), by striking section 801 and inserting section 401 ; in subsection
(a)of section 403, as so redesignated— in paragraph (1), by striking section 801(e) and 802(b) and inserting section 401(e) or 402(b) ; in paragraph (2)— by striking section 801(e) and 802(b) and inserting section 401(e) or 402(b) ; and by striking section 801(e) each place such term appears and inserting section 401(e) ; and in paragraph (3), by striking section 802 and inserting section 402 ; in section 407, as so redesignated— in subsection (a), by striking section 801 or 802 and inserting section 401 or 402 ; and in subsection (b), by striking subsection 801(a) each place such term appears and inserting section 401(a) ; in subsection (b)(4) of section 408, as so redesignated, by striking section 805 and inserting section 405 ; and in section 409, as so redesignated— in paragraph (1), by striking section 804(d) and inserting section 404(d) ; in paragraph (4)(A)(viii), by striking section 709 and inserting section 309 ; in paragraph (7)— in subparagraph (A), by striking section 801 and inserting section 401 ; and in subparagraph (B), by striking section 709 and inserting section 309 ; and in paragraph (10)(B), by striking section 709 and inserting section 309 .
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Sec. 5
Prohibition and notification on investments relating to covered national security transaction
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