S.Amdt. 2029

SA 2029. Mr. SULLIVAN submitted an amendment intended to be proposed
to amendment SA 1502 proposed by Mr. Schumer to the bill S. 1260, to
establish a new Directorate for Technology and Innovation in the
National Science Foundation, to establish a regional technology hub
program, to require a strategy and report on economic security,
science, research, innovation, manufacturing, and job creation, to
establish a critical supply chain resiliency program, and for other
purposes; which was ordered to lie on the table; as follows:

At the end of title I of division E, add the following:

SEC. 5105. SENSE OF CONGRESS REGARDING CORPORATE AND
FINANCIAL DEALINGS BY AMERICANS WITH THE
CHINESE COMMUNIST PARTY.

(a) In General.--It is the sense of Congress that United
States corporate, business, university, and financial
entities, organizations, and their senior executives, all of
which benefit from United States capital markets and the
protection of our Nation's laws and military--
(1) should not engage in any activity, in the course of
their dealings with the People's Republic of China, that
would harm the United States or its allies, after considering
the long term ethical, fiduciary, and competitiveness
implications of such activity;
(2) should not enter into trades of sensitive technology or
products, transfers of intellectual property, or monetary
investment (whether directly or indirectly) with the Chinese
Communist Party, entities owned or controlled by the Chinese
Communist Party, the People's Liberation Army, or for the
benefit of any key industrial sector supported by the Chinese
Communist Party if such dealings would--
(A) allow the Chinese Communist Party or People's
Liberation Army to gain a comparative military advantage or
advantage in the global economy;
(B) allow the Chinese Communist Party to stifle human
freedom or perfect its technologically enabled police state
at home and abroad;
(C) negatively impact the United States' competitiveness
and national security; or
(D) would be counter to the objectives of this Act.
(b) Key Industrial Sectors.--Examples of key industrial
sectors referred to in subsection (a) are--
(1) information technology;
(2) artificial intelligence;
(3) the internet of things;
(4) smart appliances;
(5) robotics;
(6) machine learning;
(7) energy;
(8) aerospace engineering;
(9) ocean engineering;
(10) railway equipment;
(11) power equipment;
(12) new materials;
(13) pharmaceuticals;
(14) biomedicine;
(15) medical devices; and
(16) agricultural machinery.
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