Prohibition on use of CCP-linked financial services providers on Department of Defense devices

(a) Definitions In this section: (1) The term control means beneficially owning, either directly or through one or more companies, more than 25 percent of the voting securities of an entity. (2) The term CCP-linked financial services provider means— (A) a broker or dealer that is a member of a national securities association and registered with the Securities and Exchange Commission that is organized under the laws of the People’s Republic of China, is controlled by an entity organized under the laws of the People’s Republic of China, or is controlled by a national of the People’s Republic of China who resides in the People’s Republic of China; (B) an investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940 that is organized under the laws of the People’s Republic of China, is controlled by an entity organized under the laws of the People’s Republic of China, or is controlled by a national of the People’s Republic of China who resides in the People’s Republic of China; or (C) any other entity providing financial, investment, or payment services that is organized under the laws of the People’s Republic of China, is controlled by an entity organized under the laws of the People’s Republic of China, or is controlled by a national of the People’s Republic of China who resides in the People’s Republic of China. (3) The term Department of Defense device means any computing device, mobile device, or communications equipment issued by the Department of Defense or any component thereof. (b) Prohibition Except as provided in subsection (c), no officer or employee of the Department of Defense, member of the Armed Forces, or contractor personnel operating a Department of Defense device may download, install, or use any application, platform, or software interface operated by a CCP-linked financial services provider on any Department of Defense device. (c) Exception Subsection (b) shall not apply to any use in connection with a law enforcement investigation, intelligence activity, national security operation, cybersecurity research activity, or enforcement or supervisory action conducted in an official capacity and authorized by the Secretary of Defense or the Secretary’s designee.