; (2) prevent adaptation by a company to partial restrictions that limit themselves to publicly traded securities; (3) ensure that the United States assembles an appropriate evidentiary basis to support the effectiveness of sanctions; (4) enhance the impact of economic sanctions by deterring third-country persons from dealing with the companies; and (5) link the imposition of sanctions to clear objectives that serve to resolve the national emergency. 3. Sanctions with respect to Communist Chinese military and surveillance companies (a) In general Not later than 180 days after the date on which the first updated list is submitted under section 1260H of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 ( 10 U.S.C. 113 note) on or after the date of the enactment of this Act, the President shall impose the sanctions described in subsection (b) with respect to— (1) each person that is on such updated list, and (2) each foreign person listed in the Annex to Executive Order 14032 (86 Fed. Reg. 30145; relating to addressing the threat from securities investments that finance certain companies of the People’s Republic of China) of June 3, 2021, or determined by the Secretary of the Treasury, in consultation with the Secretary of State, and, as the Secretary of the Treasury determines appropriate, the Secretary of Defense, to engage in the activities described under section 1(a)(i) or 1(a)(ii) of such Executive Order 14032, if the President determines that the imposition of such sanctions meets appropriate evidentiary standards and advances the objective of resolving the national emergency described in Executive Order 14032 (86 Fed. Reg. 30145