S.Amdt. 2670
What it does: Adds Subtitle I--People's Republic of China Prohibition on Participation SEC. 1901. PROHIBITION ON PARTICIPATION FOR CERTAIN ENTITIES at the end of title I
Sen. Kelly Loeffler (R-GA)What it changes
1 change to S. 2657
Adds Subtitle I--People's Republic of China Prohibition on Participation SEC. 1901. PROHIBITION ON PARTICIPATION FOR CERTAIN ENTITIES at the end of title I
Adds a sectionInserted: Subtitle I--People's Republic of China Prohibition on Participation SEC. 1901. PROHIBITION ON PARTICIPATION FOR CERTAIN ENTITIES.
Inserted: (a) Short Title.--This section may be cited as the "Securing our Energy Future Act of 2020".
Inserted: (b) Definitions.--In this section:
Inserted: (1) Controlling shareholder.--The term "controlling shareholder" means a shareholder that owns more than 5 percent of the total shares in a company.
Inserted: (2) Covered entity.--The term "covered entity" means any company, organization, or entity--
Inserted: (A) that is primarily based in the People's Republic of China;
Inserted: (B) the primary owner of which is a resident or citizen of the People's Republic of China; or
Inserted: (C) in the case of a publicly traded company, the controlling shareholder of which is--
Inserted: (i) an individual that is a resident or citizen of the People's Republic of China; or
Inserted: (ii) an entity that is primarily based in the People's Republic of China.
Inserted: (c) Prohibition on Certain Entities.--No covered entity shall be eligible for any grant or contract, or to participate in any program, authorized under this title or the amendments made by this title.
Original wording
At the end of title I, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 2670. Mrs. LOEFFLER submitted an amendment intended to be proposed by her to the bill S. 2657, to support innovation in advanced geothermal research and development, and for other purposes; which was ordered to lie on the table; as follows:
At the end of title I, insert the following:
Subtitle I--People's Republic of China Prohibition on Participation SEC. 1901. PROHIBITION ON PARTICIPATION FOR CERTAIN ENTITIES.
(a) Short Title.--This section may be cited as the “Securing our Energy Future Act of 2020”.
(b) Definitions.--In this section:
(1) Controlling shareholder.--The term “controlling shareholder” means a shareholder that owns more than 5 percent of the total shares in a company.
(2) Covered entity.--The term “covered entity” means any company, organization, or entity--
(A) that is primarily based in the People's Republic of China;
(B) the primary owner of which is a resident or citizen of the People's Republic of China; or
(C) in the case of a publicly traded company, the controlling shareholder of which is--
(i) an individual that is a resident or citizen of the People's Republic of China; or
(ii) an entity that is primarily based in the People's Republic of China.
(c) Prohibition on Certain Entities.--No covered entity shall be eligible for any grant or contract, or to participate in any program, authorized under this title or the amendments made by this title.
Legislative Activity
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Senate amendment submitted
September 29, 2020