HR6349-118

Introduced

To prohibit or require notification with respect to certain activities of United States persons involving countries of concern, and for other purposes.

118th Congress Introduced Nov 9, 2023

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, To prohibit or require notification with respect to certain activities of United States persons involving countries of concern, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Foreign Policy, Government Operations.

Who Benefits and How

financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section HDC81D3BC2BF949D1B97BFBA4AEF3FE29: 1. Short title This Act may be cited as the Preventing Adversaries from Developing Critical Capabilities Act.
  • Section H4AA9D3A40AE74077811B41D3345FBB98: 2. Exercise of authorities under the International Emergency Economic Powers Act The President may exercise all authorities provided under the International...
  • Section H0099C8DC720B47E89E17988B402D97B7: 3. Prohibition on covered activities in covered sectors that pose particularly acute threats to United States national security Not later than one year after...
  • Section HCB748E1D4D3D405BA0B450605AA0A5B0: 4. Mandatory notification of covered activities in covered sectors that may pose threats to United States national security Not later than one year after the...
  • Section H1E414794CE1C40C4A28C2D84360564D9: 5. Reporting requirements Not later than one year after the date on which the regulations prescribed under section 6 take effect, and not less frequently than...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, To prohibit or require notification with respect to certain activities of United States persons involving countries of concern, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Key Policy Areas

Finance, Foreign Policy, Government Operations

Primary Purpose

This bill, To prohibit or require notification with respect to certain activities of United States persons involving countries of concern, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Policy Domains

Finance Foreign Policy Government Operations

Whole bill

Identified Gains
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
financial institutions, investors, and borrowers: ,
Identified Costs
  • federal implementing agencies
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
federal implementing agencies: ,
financial institutions, investors, and borrowers: ,

Legislative Progress

Introduced
Introduced Committee Passed
Nov 9, 2023

Mr. McCaul (for himself and Mr. Meeks) introduced the following …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Finance Foreign Policy Government Operations
Actor Mappings
"the_secretary"
→ The Secretary identified in the operative section

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology