; or (C) entities organized under the laws of a developing country that are financed, directed, or controlled by China or the Chinese Communist Party. 10. Suspension of requests made by Chinese entities to acquire United States entities under certain circumstances (a) In general Not earlier than 60 days after the date that the Secretary of State enters into negotiations with China concerning a bilateral agreement on compensation pursuant to section 7, the President shall suspend review of requests made by a Chinese entity to acquire a United States entity to the Committee on Foreign Investment in the United States. (b) Application Subsection (a) shall only apply if China did not enter into, or abide by, a contract or agreement relating to such negotiations pursuant to section 7, and such suspension shall be lifted if such contract or agreement is established. 11. Prohibition on procurement of certain products from a covered foreign entity, including products intended to be included in the Strategic National Stockpile (a) Prohibition on use of Federal funds for foreign procurement No Federal funds may be used to procure by contract, subcontract, grant, cooperative agreement, or otherwise any product sourced, manufactured, or assembled in whole or in part by a covered foreign entity that poses a supply chain risk to the national security of the United States, including products identified in the report required under subsection (b). (b) Report (1) In general Not later than 60 days after the date of the enactment of this Act, the President shall submit to the appropriate congressional committees a report concerning supply chain risks and vulnerabilities posed by a covered foreign entity to the national security, including health security, of the United States, and methods to mitigate such risks and vulnerabilities. (2) Matters Included The report required under paragraph (1) shall include information relating to such business sectors: (A) Pharmaceutical. (B) Medical. (C) Rare earth material. (D) Cybersecurity. (E)