hold dearest as Americans, counterproductive to countering the CCP’s malign influence, and denounced by the Congress of the United States. 3. Severability If any provision of this Act, or an amendment made by this Act, or the application of such provision or amendment to any person or circumstance, is held to be invalid, the remainder of this Act, the amendments made by this Act, and the application of such provision and amendments to other persons or circumstances, shall not be affected. I Matters related to trade, investment, and economic relations 101. Preventing adversaries from developing critical capabilities (a) Short title This section may be cited as the Preventing Adversaries from Developing Critical Capabilities Act . (b) Exercise of authorities under the international emergency economic powers act (1) In general The President may exercise all authorities provided under the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq. ) necessary to carry out the provisions of this section, including authorities to impose penalties under section 206 of such Act. (2) Delegation The President may delegate the authorities described in paragraph (1) to the head of any Federal agency the President determines appropriate in order to carry out the provisions of this section. (c) Prohibition on covered activities in covered sectors that pose particularly acute threats to united states national security (1) Identification of categories of technologies and products (A) In general Not later than one year after the date of the enactment of this Act, and annually thereafter as described in subparagraph (B), the President— (i) shall identify categories of technologies and products in covered sectors that may pose a particularly acute threat to the national security of the United States if developed or acquired by a country of concern