Authorizes the President to sanction foreign companies and individuals found to be engaged in economic or industrial espionage against U.S. persons, to support Russia's military, or to violate U.S. export controls, and requires a State Department report on Chinese suppliers of critical components to Russia's defense sector.

• Requires the Secretary of State to report within 90 days on Chinese entities supplying critical components to Russia's defense and intelligence sectors
• Allows the President, starting 30 days after enactment, to block property and bar visas for foreign adversary entities that engage in espionage, support Russian military or intelligence, or violate export controls
• Permits waivers of up to 180 days at a time when the President determines they serve national security, and excludes sanctions on the importation of goods
• Requires annual reports on espionage developments for five years unless sanctions were imposed in the prior calendar year

• Judiciary Committee (House)
• Foreign Affairs Committee (House)
• Foreign Relations Committee (Senate)

International Affairs