A bill to require an analysis of threats posed by foreign adversary access to controlled items within the United States.

The Addressing Dangerous Vulnerabilities in Exports and Research to Strategic Adversaries, Regimes, and Industrial Entities of Security Concern Act (ADVERSARIES Act) requires the Department of Commerce to conduct a national security threat review. The review focuses on whether foreign adversaries are using U.S.-based affiliate companies to bypass U.S. export controls and access restricted items, technology, or services.

* **Federal Agencies:** The Bureau of Industry and Security (BIS) within the Department of Commerce and its Office of Information and Communications Technology and Services (OICTS). * **Congress:** The House Committee on Foreign Affairs and the Senate Committee on Banking, Housing, and Urban Affairs, which will receive the mandatory report. * **Foreign Entities and U.S. Affiliates:** Foreign entities subject to U.S. export restrictions, as well as U.S.-domiciled affiliates (companies directly or indirectly owned 50 percent or more by these entities) and foreign-adversary controlled information and communications technology and services (ICTS) sectors.

* **Mandatory Review:** The Under Secretary of BIS, through OICTS, **must** complete a national security review within **90 days** of the bill's enactment. The review must analyze: * Whether U.S. affiliates are buying items that their foreign parent companies are banned from acquiring. * How often these purchases occur and how they affect U.S. export controls. * National security risks involving ICTS controlled by foreign adversaries, including risks in specific sectors. * Administrative actions planned for the upcoming year to fix identified security gaps. * Recommended changes to U.S. law to address these threats. * **Reporting Deadline:** The Under Secretary of BIS **must** submit the final review to the specified House and Senate committees within **30 days** after completing it (up to 120 days total after enactment).

The provided summary does not outline any specific funding, appropriations, taxes, or fees associated with carrying out this legislation.

* **No Direct Policy or Penalty Changes:** The bill orders a study and a report; it does not directly alter export control lists, levy penalties, or create new legal bans on its own. * **Incomplete Definition:** The provided source summary cuts off the full definition of a "U.S.-Domiciled Affiliate" beyond stating it includes entities directly or indirectly owned 50 percent or more.

This bill mandates that the Department of Commerce investigate whether foreign entities banned by export controls are getting restricted technology through U.S. affiliate companies, and requires the department to report its findings and proposed legal changes to Congress within 120 days.