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Preventing PLA Acquisition of United States Technology Act of 2023
1/11/2024, 9:15 PM
Summary of Bill S 1368
The bill outlines several key provisions to achieve this goal. Firstly, it requires the Secretary of Commerce to establish a list of critical technologies that are essential to national security and prohibits the export of these technologies to China. This is aimed at preventing the PLA from gaining access to advanced US technology that could be used for military purposes.
Additionally, the bill requires the Secretary of Defense to conduct a comprehensive assessment of the risks posed by Chinese investment in US technology companies. This assessment will help identify potential threats to national security and inform future policy decisions regarding Chinese investment in the US technology sector. Furthermore, the bill includes measures to strengthen the Committee on Foreign Investment in the United States (CFIUS) to better scrutinize and block Chinese investments in US technology companies that pose a risk to national security. This is intended to prevent the transfer of sensitive technology to China through investments in US companies. Overall, the Preventing PLA Acquisition of United States Technology Act of 2023 aims to protect US national security interests by preventing the transfer of critical technology to the People's Liberation Army of China. It includes provisions to restrict the export of critical technologies, assess the risks of Chinese investment in US technology companies, and strengthen CFIUS to block investments that pose a threat to national security.
Congressional Summary of S 1368
Preventing PLA Acquisition of United States Technology Act of 2023
This bill prohibits certain types of scientific research or technical exchange between specified U.S. and Chinese entities.
The bill's prohibition concerns research or exchange that could develop technologies identified by the Chinese Communist Party as priorities for its strategy to mobilize non-military resources and expertise for military application. Examples of such technologies include quantum computing, lasers, robotics, semiconductors, and aerospace technology.
The bill prohibits such research or exchange if it is conducted between (1) federal agencies that engage in research or provide funding for research, institutions of higher education or private research institutes that receive federal financial assistance, or companies headquartered in the United States that receive federal financial assistance; and (2) certain Chinese entities with connections to China's military, such as universities that receive funding from China's military or that host military laboratories.
The bill also requires the Department of Defense to establish and periodically update a website that includes a list of specific areas of research and exchange subject to this prohibition.
