Section 1 Short title
This Act may be cited as the “No Chinese Handouts In National Assistance Act” or “No CHINA Act”.
No Chinese Handouts In National Assistance Act
A BILL
To restrict the use of funds made available in appropriations Acts for fiscal year 2020 for the benefit of any United States or foreign person subject to the control of the People’s Republic of China.
Sec. 2 Restriction on use of funds
In general— None of the funds appropriated or otherwise made available in appropriations Acts for fiscal year 2020 may be obligated or expended for the benefit of any United States or foreign person subject to the control (as such term is defined in section 721(a)(3) of the Defense Production Act of 1950 (50 U.S.C. 4565(a)(3))) of the People’s Republic of China, including any person of the People’s Republic of China: Provided, That Taiwan, any national of Taiwan who is an institutional investor, or any public or private entity of Taiwan, is wholly excluded from this restriction.
Waiver— The President, in consultation with the Secretary of State, may waive the restriction under subsection (a) on a case-by-case basis if the President determines it is in the national security interests of the United States to do so.