This bill directs the Department of the Treasury to establish a program to treat amounts paid by U.S citizens or business entities to move their inventory, equipment, and supplies from China to the United States as items of expense, deductible in the year in which they are incurred. The cost of this expensing allowance shall be paid for with tariffs collected by the United States on goods manufactured in China.
Preventing SBA Assistance from Going to China Act This bill prohibits the Small Business Administration from providing aid, counsel, or assistance to a small business concern that (1) is headquartered in China, or (2) has more than 25% of voting stock owned by citizens of China.
Shielding our Military from Extremists Act This bill requires the Department of Defense to implement the seven recommendations focused on preventing extremists from enlisting in the Armed Forces that are made in the report titled Screening Individuals Who Seek to Enlist in the Armed Forces . Among other recommendations, the report suggests (1) developing a consistent definition for domestic extremist ideologies, and (2) utilizing various law enforcement resources to evaluate and interpret questionable or concerning tattoos.
Stop Funding the PLA Act This bill requires the Department of the Treasury to establish a list of entities the securities of which a U.S. person shall be prohibited from purchasing or holding. Specifically, the Treasury must submit a report specifying each foreign industrial defense corporation with substantial contacts with, ties to, or support from any PLA entity (any entity of the Chinese military). The bill prohibits a U.S. person from purchasing a security of a foreign industrial defense corporation specified in the report, and it requires a U.S. person who owns any such security to divest themselves of it.
This bill authorizes the President to award the Medal of Honor to retired U.S. Air Force Colonel Philip J. Conran for acts of valor in Laos during the Vietnam War.
Department of Peacebuilding Act of 2021 This bill establishes a Department of Peacebuilding in the executive branch, dedicated to peacebuilding, peacemaking, and the study and promotion of conditions conducive to both domestic and international peace and a culture of peace. The mission of the department includes the cultivation of peace and peacebuilding as a strategic national policy objective and development of policies that promote national and international conflict prevention, nonviolent intervention, mediation, peaceful conflict resolution, and structured conflict mediation. The department shall collaborate with others to promote personal and community security and peace by supporting policies to address personal and family violence, including suicide; reduce drug and alcohol abuse; and create, through local community initiatives, peace projects that facilitate conflict resolution and healing of societal wounds. A Federal Interagency Committee on Peace is established to coordinate the actions of the department with other federal agencies. The Department of Defense and the Department of State must consult with the department concerning nonviolent means of conflict resolution when a conflict between the United States and any other government or entity is foreseeable, imminent, or occurring. The department shall encourage citizens to observe and celebrate the blessings of peace and endeavor to create peace on Peace Days.
Consumer Protection Relief Fund Act or the CPR Fund Act This bill establishes the Consumer Protection Relief Fund for the purpose of repaying certain loans owed by vulnerable borrowers who are experiencing financial difficulty due to the impact of COVID-19 (i.e., coronavirus disease 2019). To qualify for repayment, the holder of the loan must commit to issuing or purchasing other loans to vulnerable borrowers in an amount at least equal to the payment received, forgive the borrower's remaining loan balance, and terminate any negative reporting to consumer reporting agencies with respect to the borrower's loan. A loan must be a closed-end installment loan—a loan extended at a set amount and repaid by the borrower with a fixed amount over a limited number of payment periods—to qualify for repayment. However, the bill excludes from eligibility a student, auto, or mortgage loan. Aggregate payments with respect to a borrower may not exceed $9,500.
Stop Super PAC-Candidate Coordination Act This bill treats certain payments for coordinated expenditures as campaign contributions for purposes of disclosure and reporting requirements. First, the bill generally defines a coordinated expenditure as a payment made by any person in cooperation with a candidate, an authorized committee of a candidate, a political committee of a political party, or an agent of a candidate or committee. Further, the bill sets forth penalties for willfully violating limits related to making contributions to a candidate for coordinated expenditures. The bill also prohibits a candidate or an individual holding federal office from soliciting, receiving, directing, or transferring funds to or on behalf of certain types of political committees.
Stand By Every Ad Act This bill generally revises disclosure requirements for political advertisements. First, the bill applies political advertising disclosure requirements currently applicable to candidates (also known as stand by your ad requirements) to entities such as corporations and certain political committees. Political advertisements made by these entities must generally disclose the top funders of the entity, with specified exceptions. In addition, the bill revises the classification of certain media, including audio and visual media, for purposes of disclaimer requirements. It also expands the definition of communication to include prerecorded telephone calls. Finally, the bill creates additional readability and audio requirements for communications.
Safe Career Transitions for Intelligence and National Security Professionals This bill prohibits certain individuals with security clearances from receiving funding or employment from specified entities. Specifically, the prohibition is in effect while a security clearance is active and for five years afterwards, and applies to any (1) officer or employee of a federal agency or contractor, or (2) member of the Army, Navy, Air Force, or Marine Corps. The prohibition shall apply to specified entities such as Huawei Technologies Company and Kaspersky Lab. The Office of the Director of National Intelligence may add to or remove from this list based on whether there is a reasonable belief that an entity is owned by or receives financial support from the government of China, Russia, Iran, or North Korea. A person who knowingly violates this prohibition shall be subject to fines or imprisonment, or both.
Protect Our Universities Act of 2021 This bill restricts student participation in sensitive research projects and prohibits the use of certain technologies for these projects. The bill requires each student, prior to participating in a sensitive research project, to provide proof of citizenship to the institution of higher education (IHE) where the project is being carried out. Specifically, it prohibits students who are citizens of certain countries, including China and Russia, from participating in a project unless the student applies for and receives approval from the Office of the Director of National Intelligence. It prohibits certain technologies developed by listed entities, including Huawei Technologies Company and ZTE Corporation, from being used to carry out sensitive research projects. It also requires the Department of Education to establish a national security technology task force, which must maintain a list of sensitive research projects and provide guidance to the IHEs where these projects are being carried out.
Head Start for Our Future Act This bill adds child development and early learning to the list of community services in which undergraduate, graduate, and professional students may participate under a federal work-study program.
