; and (2) to promote United States economic prosperity through increased engagement with Latin America and the Caribbean. 5. Definitions In this Act: (1) Caribbean The term Caribbean does not include Cuba, unless it is specifically named. (2) Latin america and the caribbean The term Latin America and the Caribbean does not include Cuba, unless Cuba is specifically named. (3) Rule of law The term rule of law refers to a durable system of institutions and processes founded on the universal principles of— (A) accountability; (B) just laws that protect fundamental freedoms; (C) open and transparent government processes; and (D) accessible and impartial dispute resolution. 6. Assessing the intentions of the People’s Republic of China in the Western Hemisphere (a) Defined term In this section, the term appropriate congressional committees means— (1) the Committee on Foreign Relations of the Senate ; (2) the Select Committee on Intelligence of the Senate ; (3) the Committee on Foreign Affairs of the House of Representatives ; and (4) the Permanent Select Committee on Intelligence of the House of Representatives . (b) Reporting requirement Not later than 90 days after the date of the enactment of this Act, the Secretary of State, working through the Assistant Secretary of State for the Bureau of Intelligence and Research, and in coordination with the Director of National Intelligence and the Director of the Central Intelligence Agency, shall submit a report to the appropriate congressional committees that assesses the nature, intent, and impact to United States strategic interests of— (1) Chinese economic activity in Latin America and the Caribbean, such as foreign direct investment, development financing, oil-for-loans deals, other preferential trading arrangements, and projects related to China’s Belt and Road Initiative