Summary

Bans owners or operators of covered U.S. port facilities from entering contracts that would allow Chinese, Russian, North Korean, or Iranian state‑owned enterprises—or any foreign entity with any ownership by those governments—to own, lease, or operate those facilities. It uses existing maritime security law definitions to set the scope, focusing on facilities covered by Area Maritime Transportation Security Plans. The measure aims to reduce national security risks from foreign control or influence at U.S. ports and will require added ownership vetting before signing new terminal or facility agreements.

Key Points

• Blocks new contracts allowing ownership, leasing, or operation of covered U.S. port facilities by Chinese, Russian, North Korean, or Iranian state‑owned enterprises.
• Extends the prohibition to any foreign entity with any ownership stake by those governments, including minority or indirect interests.
• Uses Maritime Transportation Security Act definitions (46 U.S.C. § 70101) for scope and key terms.
• Focuses on facilities covered by Area Maritime Transportation Security Plans.
• Aims to mitigate national security risks from foreign control or influence at U.S. maritime infrastructure.
• Requires due diligence by port authorities and terminal operators to verify counterparty ownership.
• Does not create new spending, taxes, or programs; it is a targeted security restriction.
• Effective date not specified in the text provided; assumed upon enactment unless otherwise stated.