Chinese Research Funds Accounting Act
This bill directs the Government Accountability Office (GAO) to conduct a study on federal funding made available to entities located in China or majority owned or controlled by the Chinese Communist Party for research in the five years prior to enactment of this bill.
Not later than 120 days after the enactment of this bill, the GAO shall brief Congress on the data that is available with respect to federal funding made available to such entities for research.
To direct the Comptroller General of the United States to conduct a 
study on certain Federal funding made available to entities located in 
 the People's Republic of China or majority owned or controlled by the 
            Chinese Communist Party, 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 ``Chinese Research Funds Accounting 
Act''.

SEC. 2. STUDY AND REPORT.

    (a) Study.--The Comptroller General of the United States shall 
conduct a study on Federal funding made available to covered entities 
for research during the study period.
    (b) Matters To Be Included.--The study conducted under subsection 
(a) shall include, to the extent practicable with respect to the study 
period, an assessment of--
            (1) the total amount of Federal funding made available to 
        covered entities for research;
            (2) the total number and types of covered entities to whom 
        such funding was made available;
            (3) the requirements relating to the awarding, tracking, 
        and monitoring of such funding;
            (4) any other data available with respect to Federal 
        funding made available to covered entities for research; and
            (5) other matters the Comptroller General determines 
        appropriate.
    (c) Briefing on Available Data.--Not later than 120 days after the 
date of enactment of this Act, the Comptroller General shall brief the 
Committee on Science, Space, and Technology and the Committee on 
Foreign Affairs of the House of Representatives and the Committee on 
Commerce, Science, and Transportation and the Committee on Foreign 
Relations of the Senate on the data that is available with respect to 
Federal funding made available to covered entities for research.
    (d) Report.--Not later than 240 days after the date of enactment of 
this Act, the Comptroller General shall submit to the congressional 
committees specified in subsection (c) a report on the findings of the 
study conducted under subsection (a).
    (e) Definitions.--In this section:
            (1) Covered entity.--The term ``covered entity'' means an 
        entity--
                    (A) located in the People's Republic of China; or
                    (B) majority owned or controlled by the Chinese 
                Communist Party.
            (2) Study period.--The term ``study period'' means the 5-
        year period ending on the date of enactment of this Act.
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Chinese Research Funds Accounting Act
To direct the Comptroller General of the United States to conduct a study on certain Federal funding made available to entities located in the People's Republic of China or majority owned or controlled by the Chinese Communist Party, and for other purposes.
Chinese Research Funds Accounting Act
Rep. Stefanik, Elise M.