Preventing Adversaries from Developing Critical Capabilities Act
- Last Action
- 11/29/2023
Actions
- 2023-11-29Ordered to be Reported by Voice Vote.
- 2023-11-29Committee Consideration and Mark-up Session Held
- 2023-11-09Referred to the House Committee on Foreign Affairs.
- 2023-11-09Introduced in House
- 2023-11-09Introduced in House
CRS Summary
As of 2023-11-09 (00)
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.
Cosponsors (16)
- GREGORY MEEKS (D-NY)
- Mike Gallagher (R-WI)
- Raja Krishnamoorthi (D-IL)
- Ami Bera (D-CA)
- Dean Phillips (D-MN)
- CHRISTOPHER SMITH (R-NJ)
- Colin Allred (D-TX)
- Michael Turner (R-OH)
- Cory Mills (R-FL)
- Sheila Cherfilus-McCormick (D-FL)
- Elise Stefanik (R-NY)
- Dina Titus (D-NV)
- John James (R-MI)
- Joe Wilson (R-SC)
- Brian Mast (R-FL)
- David Rouzer (R-NC)
Subjects
- Administrative law and regulatory procedures
- Advanced technology and technological innovations
- Civil actions and liability
- Computers and information technology
- Congressional oversight
- Executive Office of the President
- Financial services and investments
- Foreign and international banking
- Homeland security
- Presidents and presidential powers, Vice Presidents
- Securities
- U.S. and foreign investments
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.