To establish the Select Committee on U.S. National Security and Military/Commercial Concerns With the People's Republic of China.

Establishes the Select Committee on U.S. National Security and Military-Commercial Concerns With the People's Republic of China.

(Sec. 2) Requires the Committee to conduct a full and complete inquiry regarding the following matters and report such findings and recommendations, including those concerning the amendment of existing law or the enactment of new law, to the House of Representatives as it considers appropriate: (1) the transfer of technology, information, advice, goods, or services that may have contributed to the enhancement of the accuracy, reliability, or capability of nuclear-armed intercontinental ballistic missiles or other weapons of the People's Republic of China (PRC), or that may have contributed to the enhancement of the PRC's intelligence capabilities, or that may have contributed to the manufacture of weapons of mass destruction, missiles, or other weapons or armaments by the PRC; (2) the effect of any transfer or enhancement referred to in this Act on regional security and the national security of the United States; (3) the conduct of the executive branch of the U.S. Government with respect to such transfers or enhancements and the effect of that conduct on U.S. regional and national security; (4) the conduct of defense contractors, weapons manufacturers, satellite manufacturers, and other private or government-owned commercial firms with respect to the transfers or enhancements; (5) the enforcement of Federal law, including statutes, regulations, or Executive orders, with respect to such transfers or enhancements; (6) any effort by the PRC Government or any other person or entity to influence any of the foregoing matters through political contributions, commercial arrangements, or bribery, influence-peddling, or other illegal activities; (7) decision-making within the executive branch with respect to any of the foregoing matter; (8) efforts to conceal or withhold information or documents relevant to any of the foregoing matters or to obstruct justice, or to obstruct the work of the Select Committee or any other House committee in connection with those matters; and (9) all matters relating directly or indirectly to any of the foregoing matters.

Allows, in the Select Committee's discretion, reports to the House to be made in secret sessions pursuant to rule XXIX of the Rules of the House.

(Sec. 5) Prohibits an employee of the Select Committee or any person engaged by contract or otherwise to perform services for or at the request of the Committee from being given access to any classified information by the Committee unless the individual has: (1) agreed in writing and under oath to be bound by the rules of the House (including the jurisdiction of the Committee on Standards of Official Conduct and the Select Committee as to the security of such information during and after the period of his employment or contractual agreement with the Select Committee); and (2) received an appropriate security clearance as determined by the Select Committee in consultation with the Director of Central Intelligence.

(Sec. 6) Specifies provisions regarding: (1) limits on disclosure of information in the Select Committee's possession; (2) procedures for handling such information; (3) the transfer of information to the Select Committee from other House committees; and (4) means by which the Select Committee gathers information.

(Sec. 10) Authorizes the Select Committee to inspect and receive for the tax years 1988 through 1998 any tax return, return information, or other tax-related material, held by the Secretary of the Treasury, related to individuals and entities named by the Select Committee as possible participants, beneficiaries, or intermediaries in the transactions under investigation.