Global Economic Security Strategy of 2019

II 116TH CONGRESS 1ST SESSION S. 2826 To require a global economic security strategy, and for other purposes. IN THE SENATE OF THE UNITED STATES NOVEMBER 7, 2019 Mr. YOUNG (for himself, Mr. MERKLEY, Mr. RUBIO, and Mr. COONS) intro- duced the following bill; which was read twice and referred to the Com- mittee on Banking, Housing, and Urban Affairs A BILL To require a global economic security strategy, and for other purposes. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Global Economic Secu- 4 rity Strategy of 2019’’. 5 SEC. 2. SENSE OF CONGRESS. 6 It is the sense of Congress that— 7 (1) the national security of the United States 8 depends in large part on a vibrant, growing, and se- 9 cure United States economy; 10 VerDate Sep 11 2014 03:30 Nov 14, 2019 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S2826.IS S2826 kjohnson on DSK79L0C42 with BILLS 2 •S 2826 IS (2) the United States confronts more inter- 1 national economic competition and threats today 2 than at any time in the Nation’s history; 3 (3) a failure of the United States to compete 4 economically will undermine the prosperity and secu- 5 rity of the people of the United States; 6 (4) the United States is stronger when the na- 7 tional security strategy integrates economic tools in 8 the service of foreign policy objectives; 9 (5) it is in the national security and economic 10 interests of the United States— 11 (A) to promote free, fair, and reciprocal 12 economic relationships between the United 13 States and foreign individuals and entities; 14 (B) to promote and protect the United 15 States innovation base, including the defense 16 industrial base; 17 (C) to ensure that the United States leads 18 in research, technology, and innovation; 19 (D) to counter anticompetitive economic 20 behavior, policies, and strategies by foreign in- 21 dividuals and entities; 22 (E) to promote environmental stewardship; 23 and 24 VerDate Sep 11 2014 03:30 Nov 14, 2019 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S2826.IS S2826 kjohnson on DSK79L0C42 with BILLS 3 •S 2826 IS (F) to ensure workers and families in the 1 United States have the opportunity to thrive 2 with competitive wages and are not unfairly dis- 3 advantaged; 4 (6) the Federal Government has a limited, but 5 important, role in facilitating the ability of the 6 United States to compete successfully in the inter- 7 national economic competition described in para- 8 graph (2); and 9 (7) the Federal Government should periodically 10 produce a global economic security strategy— 11 (A) to ensure Federal policies, statutes, 12 regulations, procedures, data gathering, and as- 13 sessment practices are optimally designed and 14 implemented to facilitate the competitiveness, 15 prosperity, and security of the United States; 16 (B) to reassure allies and partners of the 17 United States of the enduring commitment of 18 the United States to the promotion of free, fair, 19 and reciprocal economic relationships; and 20 (C) to maximally advance economic oppor- 21 tunity for present and future generations of 22 United States citizens. 23 SEC. 3. GLOBAL ECONOMIC SECURITY STRATEGY. 24 (a) STRATEGY REQUIRED.— 25 VerDate Sep 11 2014 03:30 Nov 14, 2019 Jkt 099200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\S2826.IS S2826 kjohnson on DSK79L0C42 with BILLS 4 •S 2826 IS (1) INITIAL STRATEGY.—Not later than 180 1 days after the date of the enactment of this Act, the 2 President, in coordination with the National Security 3 Council and the National Economic Council and the 4 heads of other relevant Federal agencies, shall sub- 5 mit to the appropriate congressional committees a 6 report setting forth a global economic security strat- 7 egy for the United States to support the national se- 8 curity strategy. 9 (2) SUBSEQUENT STRATEGIES.—Beginning in 10 2021, the President, in coordination with the Na- 11 tional Security Council and the National Economic 12 Council and the heads of other relevant Federal 13 agencies, shall submit to the appropriate congres- 14 sional committees a global economic security strat- 15 egy— 16 (A) in any year in which a new President 17 is inaugurated, not later than October 1 of that 18 year; and 19 (B) in any other year, not later than 90 20 days after the transmission to Congress in that 21 year of the national security strategy. 22 (b) ELEMENTS.—Each report required by subsection 23 (a) shall set forth a global economic security strategy of 24 VerDate Sep 11 2014 03:30 Nov 14, 2019 Jkt 099200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\S2826.IS S2826 kjohnson on DSK79L0C42 with BILLS 5 •S 2826 IS the United States and shall, at a minimum, include the 1 following: 2 (1) An assessment of the global competitive po- 3 sition of key United States economic sectors, includ- 4 ing strengths, weaknesses, opportunities, and 5 threats. 6 (2) An assessment of the national debt and its 7 implications for the economic and national security 8 of the United States. 9 (3) A description and discussion of the 10 prioritized economic security interests and objectives 11 of the United States, including key economic sectors 12 vital to economic security of the United States. 13 (4) A description of the leading threats, chal- 14 lenges, and opportunities associated with the inter- 15 ests and objectives described in paragraph (3), in- 16 cluding— 17 (A) an assessment of the severity and like- 18 lihood of the threats, both foreign and domestic, 19 and an explicit linking of each such threat to a 20 national interest or objective; 21 (B) an assessment of the nature of the 22 challenges and how each challenge will evolve if 23 left unaddressed; and 24 VerDate Sep 11 2014 03:30 Nov 14, 2019 Jkt 099200 PO 00000 Frm 00005 Fmt 6652 Sfmt 6201 E:\BILLS\S2826.IS S2826 kjohnson on DSK79L0C42 with BILLS 6 •S 2826 IS (C) an assessment of the opportunities and 1 associated potential benefits to United States 2 interests or objectives. 3 (5) An overview of the public and private sector 4 tools necessary to address or minimize the leading 5 threats and challenges described in paragraph (4) 6 and to take advantage of the leading opportunities 7 described in that paragraph. 8 (6) An assessment of whether the United States 9 Government or private sector possesses those tools. 10 (7) For each such threat, challenge, or oppor- 11 tunity that the United States Government or private 12 sector lack sufficient tools to address, minimize, or 13 take advantage of, a detailed plan to develop, im- 14 prove, or foster those tools. 15 (8) A plan to utilize available tools to address 16 or minimize the leading threats and challenges and 17 to take advantage of the leading opportunities, in- 18 cluding— 19 (A) a discussion of the optimal allocation 20 of finite resources and an identification of the 21 risks associated with that allocation; 22 (B) specific objectives, tasks, metrics, and 23 milestones for each relevant Federal agency; 24 VerDate Sep 11 2014 03:30 Nov 14, 2019 Jkt 099200 PO 00000 Frm 00006 Fmt 6652 Sfmt 6201 E:\BILLS\S2826.IS S2826 kjohnson on DSK79L0C42 with BILLS 7 •S 2826 IS (C) specific plans to eliminate obstacles for 1 the private sector in areas supportive of the 2 global economic security strategy and to maxi- 3 mize the prudent use of public-private partner- 4 ships; 5 (D) specific plans to eliminate obstacles to 6 strengthening United States energy security, 7 sustainability, and resilience in areas supportive 8 of the global economic security strategy, includ- 9 ing energy diversity and sustainable manage- 10 ment and use of energy resources; 11 (E) specific plans to promote environ- 12 mental stewardship and fair competition for 13 United States workers; 14 (F) a description of— 15 (i) how the global economic security 16 strategy supports the national security 17 strategy; and 18 (ii) how the global economic security 19 strategy is integrated and coordinated with 20 the most recent national defense strategy 21 under section 113(g) of title 10, United 22 States Code; 23 (G) a plan to encourage the governments 24 of countries that are allies or partners of the 25 VerDate Sep 11 2014 03:30 Nov 14, 2019 Jkt 099200 PO 00000 Frm 00007 Fmt 6652 Sfmt 6201 E:\BILLS\S2826.IS S2826 kjohnson on DSK79L0C42 with BILLS 8 •S 2826 IS United States to cooperate with the execution 1 of the global economic security strategy, where 2 appropriate; and 3 (H) a plan to encourage certain inter- 4 national and multilateral organizations to sup- 5 port the implementation of the global economic 6 security strategy. 7 (9) An identification of any additional resources 8 or statutory authorizations necessary to implement 9 the global economic security strategy. 10 (c) FORM OF REPORT.—Each report required by sub- 11 section (a) shall be submitted in unclassified form, but 12 may include a classified annex. 13 (d) DEFINITIONS.—In this section: 14 (1) APPROPRIATE CONGRESSIONAL COMMIT- 15 TEES.—The term ‘‘appropriate congressional com- 16 mittees’’ means— 17 (A) the Committee on Appropriations, the 18 Committee on Armed Services, the Committee 19 on Banking, Housing, and Urban Affairs, the 20 Committee on Commerce, Science, and Trans- 21 portation, the Committee on Finance, and the 22 Committee on Foreign Relations of the Senate; 23 and 24 VerDate Sep 11 2014 03:30 Nov 14, 2019 Jkt 099200 PO 00000 Frm 00008 Fmt 6652 Sfmt 6201 E:\BILLS\S2826.IS S2826 kjohnson on DSK79L0C42 with BILLS 9 •S 2826 IS (B) the Committee on Appropriations, the 1 Committee on Armed Services, the Committee 2 on Energy and Commerce, the Committee on 3 Financial Services, the Committee on Foreign 4 Affairs, and the Committee on Ways and Means 5 of the House of Representatives. 6 (2) NATIONAL SECURITY STRATEGY.—The term 7 ‘‘national security strategy’’ means the national se- 8 curity strategy required by section 108 of the Na- 9 tional Security Act of 1947 (50 U.S.C. 3043). 10 Æ VerDate Sep 11 2014 03:30 Nov 14, 2019 Jkt 099200 PO 00000 Frm 00009 Fmt 6652 Sfmt 6301 E:\BILLS\S2826.IS S2826 kjohnson on DSK79L0C42 with BILLS