Thwarting Regional Adversary Investments Now Act or TRAIN Act
This bill requires the U.S. Agency for International Development to make training available to appropriate government officials of non-adversarial countries in South and Central Asia on analyzing, assessing, and mitigating any legal or financial risk of accepting investment or lending from a foreign adversary that is in the region.
[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5632 Introduced in House (IH)]
<DOC>
118th CONGRESS
1st Session
H. R. 5632
To direct the Administrator of the United States Agency for
International Development to make available to government officials of
nonadversarial countries in South and Central Asia training in
analyzing, assessing, and mitigating any risk of accepting investment
or lending from China, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
September 21, 2023
Mr. Fitzgerald (for himself and Mr. Nunn of Iowa) introduced the
following bill; which was referred to the Committee on Foreign Affairs
_______________________________________________________________________
A BILL
To direct the Administrator of the United States Agency for
International Development to make available to government officials of
nonadversarial countries in South and Central Asia training in
analyzing, assessing, and mitigating any risk of accepting investment
or lending from China, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Thwarting Regional Adversary
Investments Now Act'' or the ``TRAIN Act''.
SEC. 2. FINDINGS.
Congress finds the following:
(1) In 2015, Chinese President Xi Jinping issued an
official outline of the principles, framework, priorities, and
cooperation mechanisms of the Belt and Road Initiative
(referred to in this section as the ``BRI'').
(2) Since its inception, more than 140 countries and 32
international organizations have signed BRI cooperation
documents with China, including 40 countries in sub-Saharan
Africa, 34 countries in Europe and Central Asia, and 24
countries in East Asia and the Pacific.
(3) Many developing countries do not possess the legal,
technological, or intelligence capabilities necessary to
properly evaluate the national security, debt sustainability,
and other risks posed by related agreements with Chinese
entities or the Chinese Government.
(4) Due to the expanding investments by foreign adversaries
in the economic and infrastructure sectors of allied and
partner countries, the United States should provide technical
training, assistance, and support to evaluate the risks these
investments pose, and provide a formal review of the future
impact these investments would have, on partner economies.
SEC. 3. USAID TRAINING FOR FOREIGN GOVERNMENT OFFICIALS.
(a) In General.--Not later than 1 year after the date of enactment
of this Act, the Administrator of the United States Agency for
International Development (referred to in this section as the
``Administrator'') shall make available to appropriate government
officials of nonadversarial countries in South and Central Asia
training in analyzing, assessing, and mitigating any legal or financial
risk of accepting investment or lending from a foreign adversary that
is in the region.
(b) Report.--
(1) Requirement and elements.--Beginning not later than 2
years after the date of enactment of this Act and on an annual
basis thereafter, the Administrator shall submit to the
appropriate congressional committees a report that includes--
(A) an overview of the training provided under
subsection (a) during the prior fiscal year; and
(B) an overview of each lending or legal agreement
entered into during the prior fiscal year between a
nonadversarial country in South and Central Asia and a
foreign adversary that is in the region, including an
analysis of any risk posed to the United States by such
agreement.
(2) Form.--Each report required under paragraph (1) shall
be submitted in unclassified form but may include a classified
annex.
(c) Consultation.--In carrying out the requirements of subsections
(a) and (b), the Administrator shall consult with--
(1) the Chief Executive Officer of the United States
International Development Finance Corporation;
(2) the Committee on Foreign Investment in the United
States;
(3) the United States Trade Representative;
(4) the President of the Export-Import Bank of the United
States;
(5) the Assistant Secretary of State for South and Central
Asian Affairs; and
(6) the heads of other appropriate Federal agencies.
(d) Definitions.--In this section:
(1) The term ``appropriate congressional committees''
means--
(A) the Committee on Financial Services of the
House of Representatives;
(B) the Committee on Foreign Affairs of the House
of Representatives;
(C) the Committee on Banking, Housing, and Urban
Affairs of the Senate; and
(D) the Committee on Foreign Relations of the
Senate.
(2) The term ``foreign adversary'' means a foreign
government or individual engaged in a long-term pattern or
serious instances of conduct significantly adverse to the
national security of the United States or its allies or to the
security and safety of United States citizens.
(3) The term ``nonadversarial country'' means a country
that is not engaged in a long-term pattern or serious instances
of conduct significantly adverse to the national security of
the United States or its allies or to the security and safety
of United States citizens.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Foreign Affairs.
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