Strategic Materials Advisory Council Praises Rep. Blackburn Proposal to Protect U.S. Technology

  Strategic Materials Advisory Council Praises Rep. Blackburn Proposal to
  Protect U.S. Technology

Business Wire

WASHINGTON -- January 8, 2013

The Strategic Materials Advisory Council today applauded the proposed
legislation by U.S. Representative Marsha Blackburn (TN-7^th) that will
require the Department of Energy to conduct an assessment of the national
impact when a non-allied foreign nation or its citizens attempt to acquire
federally-funded energy research.

“Rep. Blackburn’s bill will go a long way toward keeping taxpayer-funded
critical energy technology out of the hands of non-allied nations,” said Dean
G. Popps, former Army acquisition executive and Council Co-Chair. “Even now,
federally-funded battery technology that is critical to powering American
satellites and military drones will be handed over to a Chinese company whose
President has served in the National Communist Party Congress for 44 years,
should the Government fail to block the sale.”

“Under Rep. Blackburn’s legislation,” Popps continued, “the Department of
Energy would have been notified immediately of this proposed sale, and would
be mandated to conduct a threat assessment for Congress.”

Blackburn’s bill, the Stop Mergers, Acquisitions, and Risky Takeovers Supplied
by American Labor and Entrepreneurship Act of 2013, or SMART SALE Act, would
require immediate reporting to the Department of Energy whenever
federally-funded energy research is about to be acquired by a citizen of a
non-allied nation. The Department would then report to Congress whether the
proposed acquisition represents a cyber security threat to the United States.
It would also require a report on the technology rights held by the federal
government, the value of the federal investment, and an assessment of whether
the transaction will be in the best interests of the U.S.

In addition, Popps noted, the measure requires repayment of federal loans or
grants for technology that is transferred.

“Under present law, transfers like the proposed A123 Systems, Inc. sale to the
Shanghai-based Wanxiang Group can happen without Congressional notification,”
Popps said. “The American people deserve a higher degree of scrutiny when it
comes to taxpayer funded research and intellectual property being sold to
non-allied foreign nations.”

About the Council

The Strategic Materials Advisory Council is a coalition of former U.S.
Government leaders and industry experts who have significant experience with
strategic and critical materials through decades of service in the public and
private sector. The Council was formed with the clear objective to promote
policy solutions that ensure continued access of both U.S. industry and
military to those materials needed to support a robust 21st century economy
and military.

Contact:

Strategic Materials Advisory Council
Dean G. Popps, 202-412-7478
Council Co-Chair
info@strategicmaterials.org
 
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