Sec. 1717. MEMBERSHIP AND STAFF OF COMMITTEE
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## SEC. 1717 MEMBERSHIP AND STAFF OF COMMITTEE ###
(a)Hiring Authority Section 721(k) of the Defense Production Act of 1950 (50 U.S.C. 4565(k)) is amended by striking paragraph
(4)and inserting the following: > > #### “(4) Hiring authority > > > ##### “(A) Senior officials > > > ###### “(i) In general > > Each member of the Committee shall designate an Assistant Secretary, or an equivalent official, who is appointed by the President, by and with the advice and consent of the Senate, to carry out such duties related to the Committee as the member of the Committee may delegate. > > > ###### “(ii) Department of the treasury > > > ###### “(I) In general > > There shall be established in the Office of International Affairs at the Department of the Treasury 2 additional positions of Assistant Secretary of the Treasury, who shall be appointed by the President, by and with the advice and consent of the Senate, to carry out such duties related to the Committee as the Secretary of the Treasury may delegate, consistent with this section. > > > ###### “(II) Assistant secretary for investment security > > One of the positions of Assistant Secretary of the Treasury authorized under subclause
(I)shall be the Assistant Secretary for Investment Security, whose duties shall be principally related to the Committee, as delegated by the Secretary of the Treasury under this section. > > > ##### “(B) Special hiring authority > > The heads of the departments and agencies represented on the Committee may appoint, without regard to the provisions of sections 3309 through 3318 of title 5, United States Code, candidates directly to positions in the competitive service (as defined in section 2102 of that title) in their respective departments and agencies. The primary responsibility of positions authorized under the preceding sentence shall be to administer this section.” > . ###
(b)Procedures for Recusal of Members of Committee for Conflicts of Interest **[**[50 U.S.C. 4565 note](/us/usc/t50/s4565)**]** Not later than 90 days after the date of the enactment of this Act, the Committee on Foreign Investment in the United States shall— ####
(1)establish procedures for the recusal of any member of the Committee that has a conflict of interest with respect to a covered transaction (as defined in section 721(a) of the Defense Production Act of 1950, as amended by section 1703); ####
(2)submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report describing those procedures; and ####
(3)brief the committees specified in paragraph
(1)on the report required by paragraph (2).
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Sec. 1717
MEMBERSHIP AND STAFF OF COMMITTEE
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