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Turn OFF THE TAP Act

Source: Congress.gov  ·  676 words in original text
This bill stops federal agencies from giving money or contracts to certain entities that the United States government has put on sanctions lists. The bill also prevents organizations that receive federal money from doing business with these sanctioned entities.
Federal agencies (departments and offices of the executive branch of government) and any organizations that receive federal funds.
• Federal agencies cannot sign new contracts, renew contracts or extend contracts with covered entities (Sec. 2(a)) • No federal money given to any organization can be used by that organization to buy goods or services from, invest in, make contracts with, or send money to a covered entity (Sec. 2(b)) • A "covered entity" includes any organization on the Office of Foreign Assets Control's list of specially designated nationals and blocked persons, also known as the SDN list (Sec. 2(c)(1)(A)) • A "covered entity" includes Chinese military companies on specific government lists (Sec. 2(c)(1)(B) and (C)) • A "covered entity" includes any organization owned or controlled by, or under common ownership with, any of the above entities (Sec. 2(c)(1)(F))
Federal agencies and federally-funded organizations will not be allowed to enter into business relationships with entities on designated government sanctions lists.
The bill defines "executive agency" by referring to another federal law but does not define this term itself in the bill text.
Not specified in bill text
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.