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LEGISLATION/H.R. 6349

Preventing Adversaries from Developing Critical Capabilities Act

118-HR-6349118th CongressIntroduced Nov 9, 2023International Affairs
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Ordered to be Reported by Voice Vote.

Sponsor

Rep. McCaul, Michael T. [R-TX-10](R-TX-10)
16 cosponsors

Summary

Preventing Adversaries from Developing Critical Capabilities Act

This bill requires the President to (1) identify categories of technologies and products in certain advanced technology sectors that may pose a particularly acute threat to national security if developed or acquired by North Korea, China, Russia, or Iran; and (2) prohibit U.S. persons from engaging in transactions related to identified categories with those countries.

The Department of State should conduct bilateral and multilateral engagement with partners and allies to coordinate protocols and procedures to facilitate the prevention of such transactions.

Additionally, the President is authorized to exercise all emergency economic powers to implement this bill, including imposing sanctions on foreign persons.

Subjects

Administrative law and regulatory proceduresAdvanced technology and technological innovationsCivil actions and liabilityComputers and information technologyCongressional oversightExecutive Office of the PresidentFinancial services and investmentsForeign and international bankingHomeland securityPresidents and presidential powers, Vice PresidentsSecuritiesU.S. and foreign investments

Actions (5)

Ordered to be Reported by Voice Vote.
Nov 29, 2023House committee actions
Committee Consideration and Mark-up Session Held
Nov 29, 2023House committee actions
Referred to the House Committee on Foreign Affairs.
Nov 9, 2023House floor actions
Introduced in House
Nov 9, 2023Library of Congress
Introduced in House
Nov 9, 2023Library of Congress
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