S. 4899 — Securing Partner Supply Chains Act

This section establishes the Initiative on Foreign Investment Screening within the Department of State, to be led by the Under Secretary for Economic Affairs or designee, not later than 180 days after enactment. It directs the Initiative to provide technical assistance, training, and regulatory guidance to partner countries on screening foreign investments for national security risks; facilitate coordination among U.S. agencies, the private sector, and civil society; assess partner country progress; and conduct outreach. The Initiative terminates after 5 years and requires annual reports to the House Foreign Affairs and Senate Foreign Relations Committees for 3 years.