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PRC Act
12/31/2022, 8:58 AM
Summary of Bill HR 5351
The PRC Act includes provisions aimed at increasing transparency and accountability in dealings with the PRC. It requires the Secretary of State to submit an annual report to Congress detailing the PRC's activities that may pose a threat to US national security or economic interests.
Additionally, the bill seeks to strengthen US alliances and partnerships in the Indo-Pacific region in order to counter the influence of the PRC. It calls for increased cooperation with like-minded countries to address common challenges and promote regional stability. Furthermore, the PRC Act includes measures to protect US intellectual property and technology from theft and espionage by the PRC. It authorizes the imposition of sanctions on individuals or entities engaged in such activities, as well as on PRC officials responsible for human rights abuses. Overall, the PRC Act aims to address the growing concerns about the PRC's actions and their impact on US interests. It seeks to promote transparency, accountability, and cooperation in order to protect US national security and economic interests in the face of challenges posed by the PRC.
Congressional Summary of HR 5351
Prioritizing Readiness and Competitiveness Act or the PRC Act
This bill rescinds certain unexpended funds for activities in Afghanistan and transfers such funds for certain Department of Defense (DOD) activities.
Specifically, the bill rescinds unexpended funds previously made available for various activities in Afghanistan, including for (1) maintaining security forces, (2) maintaining diplomatic personnel, (3) combatting corruption, and (4) reintegrating former Taliban members and other extremists.
The President must transfer the rescinded funds to DOD for (1) activities to maintain or expand domestic industrial base capabilities essential for national defense, (2) the Navy's shipbuilding and conversion account, and (3) Defense Advanced Research Projects Agency activities for strengthening the U.S. advantage in strategic technologies.
