S.Amdt. 2775

SA 2775. Mr. BROWN submitted an amendment intended to be proposed by
him to the bill S. 4638, to authorize appropriations for fiscal year
2025 for military activities of the Department of Defense, for military
construction, and for defense activities of the Department of Energy,
to prescribe military personnel strengths for such fiscal year, and for
other purposes; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. __. ENHANCING MONITORING AND ENFORCEMENT OF NATIONAL
SECURITY MITIGATION AGREEMENTS ENTERED INTO BY
COMMITTEE ON FOREIGN INVESTMENT IN THE UNITED
STATES.

(a) Procedures.--Not later than one year after the date of
the enactment of this Act, the Secretary of the Treasury (in
the section referred to as the ``Secretary''), as the
chairperson of the Committee on Foreign Investment in the
United States (in this section referred to as the
``Committee''), shall promulgate procedures for the Committee
with respect to the implementation, monitoring, and
enforcement of national security mitigation agreements and
conditions entered into or imposed by the Committee pursuant
to section 721(l)(3) of the Defense Production Act of 1950
(50 U.S.C. 4565(l)(3)), including with respect to--
(1) a consistent approach to monitoring, evaluating, and
enforcing the implementation of and compliance with such
agreements and conditions;
(2) on-site compliance reviews conducted under such
agreements and conditions; and
(3) the use of third-party auditors and monitors.
(b) Guidance.--Not later than one year after the date of
the enactment of this Act, the Secretary shall publish such
guidance as may be appropriate to clarify expectations with
respect to periodic reporting and the submission of certain
information to the Committee and lead agencies designated
under subsection (k)(5) of section 721 of the Defense
Production Act of 1950 (50 U.S.C. 4565) in connection with a
national security mitigation agreement or condition entered
into or imposed pursuant to subsection (l)(3) of that
section.
(c) Centralization of Monitoring and Enforcement
Functions.--Section 721(q)(2) of the Defense Production Act
of 1950 (50 U.S.C. 4565(q)(2)) is amended by inserting before
the period the following: ``, such as monitoring of
agreements and conditions entered into or imposed under
subsection (l) and enforcement of this section.''.
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