Page:United States Statutes at Large Volume 117.djvu/572

 PUBLIC LAW 108–7—FEB. 20, 2003

117 STAT. 553

‘‘(F) each appointing authority referred to under subparagraphs (A) through (D) of this paragraph shall— ‘‘(i) appoint 3 members to the Commission; ‘‘(ii) make the appointments on a staggered term basis, such that— ‘‘(I) 1 appointment shall be for a term expiring on December 31, 2003; ‘‘(II) 1 appointment shall be for a term expiring on December 31, 2004; and ‘‘(III) 1 appointment shall be for a term expiring on December 31, 2005; ‘‘(iii) make all subsequent appointments on an approximate 2-year term basis to expire on December 31 of the applicable year; and ‘‘(iv) make appointments not later than 30 days after the date on which each new Congress convenes;’’. (2) RESPONSIBILITIES OF THE COMMISSION.—The United States-China Commission shall focus, in lieu of any other areas of work or study, on the following: (A) PROLIFERATION PRACTICES.—The Commission shall analyze and assess the Chinese role in the proliferation of weapons of mass destruction and other weapons (including dual use technologies) to terrorist-sponsoring states, and suggest possible steps which the United States might take, including economic sanctions, to encourage the Chinese to stop such practices. (B) ECONOMIC REFORMS AND UNITED STATES ECONOMIC TRANSFERS.—The Commission shall analyze and assess the qualitative and quantitative nature of the shift of United States production activities to China, including the relocation of high-technology, manufacturing, and R&D facilities; the impact of these transfers on United States national security, including political influence by the Chinese Government over American firms, dependence of the United States national security industrial base on Chinese imports, the adequacy of United States export control laws, and the effect of these transfers on United States economic security, employment, and the standard of living of the American people; analyze China’s national budget and assess China’s fiscal strength to address internal instability problems and assess the likelihood of externalization of such problems. (C) ENERGY.—The Commission shall evaluate and assess how China’s large and growing economy will impact upon world energy supplies and the role the United States can play, including joint R&D efforts and technological assistance, in influencing China’s energy policy. (D) UNITED STATES CAPITAL MARKETS.—The Commission shall evaluate the extent of Chinese access to, and use of United States capital markets, and whether the existing disclosure and transparency rules are adequate to identify Chinese companies which are active in United States markets and are also engaged in proliferation activities or other activities harmful to United States security interests. (E) CORPORATE REPORTING.—The Commission shall assess United States trade and investment relationship

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