Strategy to coordinate with allies and partners to deter and undermine ongoing support of the People's Republic of China for the Russian Federation’s war in Ukraine

(a) Strategy required (1) In general Not later than 30 days after the date of the enactment of this Act, the Secretary of State, in consultation with the Secretary of the Treasury, shall submit to the appropriate congressional committees a strategy to engage with allies and partners of the United States with respect to the development of coordinated diplomatic, sanctions, export control, and other actions to deter and undermine the ongoing support of the People's Republic of China for the defense industrial base of the Russian Federation. (2) Elements The strategy required by paragraph (1) shall include the following: (A) A diplomatic plan entailing regular and intensive United States engagement with allies and partners of the United States, including the European Union and its member states, the United Kingdom, Japan, South Korea, Australia, and New Zealand, regarding coordinated sanctions and export control actions designed to deter and undermine the ongoing support of the People's Republic of China for the defense industrial base of the Russian Federation. (B) A plan to engage in concert with allies and partners of the United States, collectively and individually, and, as appropriate, with financial institutions, financial regulators, and private sector entities, regarding compliance with existing and future sanctions and export controls designed to deter and undermine the ongoing support of the People's Republic of China for the defense industrial base of the Russian Federation. (b) Progress reports Not later than 90 days after the date of the enactment of this Act, and every 90 days thereafter, the Secretary of State, in consultation with the Secretary of the Treasury, shall submit to the appropriate congressional committees a report on the progress of implementation of the strategy required by subsection (a) that includes an assessment of the efficacy of the strategy in deterring and undermining the ongoing support of the People's Republic of China for the defense industrial base of the Russian Federation. (c) Form The strategy required by subsection (a), and each report required by subsection (b), shall be submitted in unclassified form, but may include a classified annex.