Amendments to the BUILD Act of 2018

(a) Statement of policy Section 1411 of the Better Utilization of Investments Leading to Development Act of 2018 (22 U.S.C. 9611) is amended— (1) in paragraph (7), by striking and at the end; (2) in paragraph (8), by striking the period at the end and inserting a semicolon; and (3) by adding at the end the following: (9) to further United States economic growth by prioritizing United States-owned businesses in providing support under title II; and (10) to further United States national security by prioritizing the production of goods in critical industries, as determined by the Corporation, in consultation with the Department of Homeland Security.. (b) Prohibition on support for state-Owned enterprises (1) In general Title V of the Better Utilization of Investments Leading to Development Act of 2018 (22 U.S.C. 9671 et seq.) is amended by adding at the end the following: 1455. Prohibition on support for entities owned or controlled by foreign governments (a) In general Except as provided in subsection (b), the Corporation is prohibited from providing support under title II for an entity owned or controlled by a foreign government. (b) Exception (1) In general The Corporation may provide feasibility studies and technical assistance under title II for an entity owned or controlled by a foreign government that is not a foreign adversary. (2) Foreign adversary defined In this subsection, the term foreign adversary means a foreign government engaged in a long-term pattern or serious instances of conduct significantly adverse to the national security of the United States or security and safety of United States persons.. (2) Clerical amendment The table of contents for the FAA Reauthorization Act of 2018 (49 U.S.C. 40101 note) is amended by inserting after the item relating to section 1454 the following: Sec. 1455. Prohibition on support for entities owned or controlled by foreign governments..