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posted ago by Tencent_owns_Reddit ago by Tencent_owns_Reddit +58 / -0

Found this thread.

Lets take a look at this absolute shitstorm of a bill that threatens every social freedom you have in the United States.

https://www.congress.gov/bill/118th-congress/senate-bill/686/text?s=1&r=15

118th CONGRESS - 1st Session S. 686

To authorize the Secretary of Commerce to review and prohibit certain transactions between persons in the United States and foreign adversaries, and for other purposes.

A BILL To authorize the Secretary of Commerce to review and prohibit certain transactions between persons in the United States and foreign adversaries, and for other purposes.

for other purposes hm

I'll provide a summary of a couple things I noticed. This bill is worse than the PATRIOT Act.

First, covered transactions:

(4) COVERED TRANSACTION.—

(A) IN GENERAL.—The term “covered transaction” means a transaction in which an entity described in subparagraph (B) has any interest (including through an interest in a contract for the provision of the technology or service), or any class of such transactions.

(B) COVERED ENTITIES.—The entities described in this subparagraph are:

(i) a foreign adversary;

(ii) an entity subject to the jurisdiction of, or organized under the laws of, a foreign adversary; and

(iii) an entity owned, directed, or controlled by a person described in subparagraph (A) or (B).

Seems simple enough, until you get into what the bill defines as holding an interest.

(C) NON-EVASION.—The term “covered transaction” includes any other transaction, the structure of which is designed or intended to evade or circumvent the application of this Act, subject to regulations prescribed by the Secretary.

Broad wording.

(D) TIMING.—The term “covered transaction” includes a current, past, or potential future transaction.

Hypothetical growth included.

More here: https://boards.4chan.org/pol/thread/421129121