Section 1 Short title
This Act may be cited as the “Holding Chinese Military Companies Accountable Act”.
Holding Chinese Military Companies Accountable Act
A BILL
To modify the definition of a communist Chinese military company for purposes of the imposition of certain sanctions, and for other purposes.
Sec. 2 Modifications to applications of IEEPA authorities to communist Chinese military companies
Section 1237(b)(4)(B) of the Strom Thurmond National Defense Authorization Act for Fiscal Year 1999 (50 U.S.C. 1701 note) is amended—
by striking clause (ii);
in the matter preceding clause (i), by striking “that—” and inserting “that is engaged in providing commercial services, manufacturing, producing, or exporting and—”;
in clause (i), by striking “; and” and inserting “; or”; and
by adding at the end the following new clause:
“(ii)
“(I) is owned or controlled by, or affiliated with, the Chinese Communist Party or any person who has ever been a delegate of a National People’s Congress of the Chinese Communist Party; and
“(II) is engaged in significant investment in the sectors of fifth-generation wireless communications, artificial intelligence, advanced computing, “big data” analytics, autonomy, robotics, directed energy, hypersonics, or biotechnology.”
Sec. 3 Extension of authority
Notwithstanding section 1061(i)(6) of the National Defense Authorization Act for Fiscal Year 2017 (10 U.S.C. 111 note), the submission required by subsection (b) of section 1237 of the Strom Thurmond National Defense Authorization Act for Fiscal Year 1999—
shall not terminate on December 31, 2021; and
shall continue in effect until December 31, 2026.