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Protecting Against Compromised Internet of Things Technology Act

Source: Congress.gov  ·  1,002 words in original text
This bill creates a process for the U.S. Department of Commerce to identify foreign companies that make Internet of Things devices (connected devices like smart home products or industrial sensors) and that threaten the security of supply chains. The bill allows a special committee to decide whether to add these companies to the Entity List, which is an official U.S. government list of restricted businesses. --- ##
- The Secretary of Commerce and the Bureau of Industry and Security - The End-User Review Committee (a government decision-making group) - Foreign companies that manufacture Internet of Things devices - Foreign parent companies, subsidiaries, and senior officials of these companies - The U.S. federal government and any company seeking federal contracts or funding --- ##
- The Secretary of Commerce must submit a list of foreign companies that threaten Internet of Things supply chain security to the End-User Review Committee within 90 days after the law is enacted, along with a recommendation for adding them to the Entity List (Sec. 2) - The Secretary must provide updated lists every 180 days and whenever new information becomes available (Sec. 2) - The End-User Review Committee must meet within 90 days of receiving the list and vote on whether to add the companies to the Entity List (Sec. 3) - Any foreign company on the Entity List cannot receive federal financial assistance (money, loans, grants, insurance, subsidies, or other government help) and cannot receive government contracts for Internet of Things devices (Sec. 4) --- ##
If this bill becomes law, foreign companies that make Internet of Things devices and are found to threaten supply chain security can be officially restricted from doing business with the U.S. federal government and from receiving any federal money or financial support. --- ##
- **Covered foreign person:** A foreign company that makes Internet of Things devices, including its parent company, subsidiaries, and senior officials - **Internet of Things device:** Not fully defined in this bill text; the bill references another law from 2020 for the definition - **Entity List:** An official list kept by the Department of Commerce showing restricted foreign businesses - **Federal financial assistance:** Any loan, grant, guarantee, insurance, payment, rebate, subsidy, or other direct or indirect government help approved by any federal officer or agency - **Foreign person:** Someone or a company that is not a U.S. person - **United States person:** A U.S. citizen, lawful permanent resident, or a company organized under U.S. law (including foreign branches of U.S. companies) - **End-User Review Committee:** A specific government committee described in Export Administration Regulations --- ##
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.