Opposing Business with Chinese Military Companies Act
This bill requires the President to exercise certain economic powers, such as investigating or prohibiting payments, with respect to an entity that is engaging in economic activities in the United States and is (1) affiliated with China's government or military, or (2) owned or controlled by an entity affiliated with China's defense industrial base. (The President currently has such powers but is not required to exercise them.)
The bill extends to December 31, 2026, a provision requiring the Department to Defense to annually report to Congress an updated list of such entities.
To amend the Strom Thurmond National Defense Authorization Act for 
 Fiscal Year 1999 to require the use of certain authorities under the 
  International Emergency Economic Powers Act, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Opposing Business with Chinese 
Military Companies Act''.

SEC. 2. MODIFICATION TO USE OF EMERGENCY SANCTIONS AUTHORITIES.

    (a) In General.--Section 1237(a)(1) of the Strom Thurmond National 
Defense Authorization Act for Fiscal Year 1999 (50 U.S.C. 1701 note) is 
amended by striking ``may exercise'' and inserting ``shall exercise''.
    (b) Extension of List Requirement.--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--
            (1) shall not terminate on December 31, 2021; and
            (2) shall continue in effect until December 31, 2026.
                                 <all>
Opposing Business with Chinese Military Companies Act
To amend the Strom Thurmond National Defense Authorization Act for Fiscal Year 1999 to require the use of certain authorities under the International Emergency Economic Powers Act, and for other purposes.
Opposing Business with Chinese Military Companies Act
Rep. Jackson, Ronny