Page:United States Statutes at Large Volume 119.djvu/1159

 PUBLIC LAW 109–58—AUG. 8, 2005

119 STAT. 1141

(1) describes methods of resolving a conflict described in subsection (a); and (2) identifies a method preferred by the Secretary of the Interior, including proposed legislative language, if any, required to implement the method. SEC. 1837. NATIONAL SECURITY REVIEW OF INTERNATIONAL ENERGY REQUIREMENTS.

China.

(a) STUDY.—The Secretary, in consultation with the Secretary of Defense and Secretary of Homeland Security, shall conduct a study of the growing energy requirements of the People’s Republic of China and the implications of such growth on the political, strategic, economic, or national security interests of the United States, including— (1) an assessment of the type, nationality, and location of energy assets that have been sought for investment by entities located in the People’s Republic of China; (2) an assessment of the extent to which investment in energy assets by entities located in the People’s Republic of China has been on market-based terms and free from subsidies from the People’s Republic of China; (3) an assessment of the effect of investment in energy assets by entities located in the People’s Republic of China on the control by the United States of dual-use and exportcontrolled technologies, including the effect on current and future access to foreign and domestic sources of rare earth elements used to produce such technologies; (4) an assessment of the relationship between the Government of the People’s Republic of China and energy-related businesses located in the People’s Republic of China; (5) an assessment of the impact on the world energy market of the common practice of entities located in the People’s Republic of China of removing the energy assets owned or controlled by such entities from the competitive market, with emphasis on the effect if such practice expands along with the growth in energy consumption of the People’s Republic of China; (6) an examination of the United States energy policy and foreign policy as it relates to ensuring a competitive global energy market; (7) an examination of the relationship between the United States and the People’s Republic of China as it relates to pursuing energy interests in a manner that avoids conflicts; and (8) a comparison of the appropriate laws and regulations of other nations to determine whether a United States company would be permitted to purchase, acquire, merge, or otherwise establish a joint relationship with an entity whose primary place of business is in that other nation, including the laws and regulations of the People’s Republic of China. (b) REPORT AND RECOMMENDATIONS.—Not later than 120 days after the date of the enactment of this Act, the Secretary, in consultation with the Secretary of Defense, shall report to the President and the Congress on the findings of the study described in subsection (a) and any recommendations the Secretaries consider appropriate.

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