US HB8407 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 9-0)
Status: Introduced on September 29 2020 - 25% progression, died in committee
Action: 2020-09-29 - Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 29 2020 - 25% progression, died in committee
Action: 2020-09-29 - Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requires the Securities and Exchange Commission to determine whether issuers of securities must disclose investments in certain persons reasonably believed to be involved, or to pose a significant risk of being or becoming involved, in activities contrary to the national security or foreign policy interests of the United States. The Department of State must annually submit to Congress a list of Chinese entities associated with specified military activities.
Title
Protecting National Security in Financial Investments Act
Sponsors
| Rep. Guy Reschenthaler [R-PA] | Rep. Michael McCaul [R-TX] | Rep. Denver Riggleman [R-VA] | Rep. Ted Yoho [R-FL] |
| Rep. Joe Wilson [R-SC] | Rep. Eric Crawford [R-AR] | Rep. Nicholas Taylor [R-TX] | Rep. Fred Keller [R-PA] |
| Rep. Mike Gallagher [R-WI] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-09-29 | House | Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
| 2020-09-29 | House | Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
| 2020-09-29 | House | Introduced in House |
Subjects
Administrative law and regulatory procedures
Asia
China
Congressional oversight
Finance and financial sector
Financial services and investments
Foreign and international corporations
Government information and archives
Government studies and investigations
Higher education
Military procurement, research, weapons development
Research administration and funding
Research and development
Securities
Securities and Exchange Commission (SEC)
Trade restrictions
U.S. and foreign investments
Asia
China
Congressional oversight
Finance and financial sector
Financial services and investments
Foreign and international corporations
Government information and archives
Government studies and investigations
Higher education
Military procurement, research, weapons development
Research administration and funding
Research and development
Securities
Securities and Exchange Commission (SEC)
Trade restrictions
U.S. and foreign investments
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/8407/all-info |
| Text | https://www.congress.gov/116/bills/hr8407/BILLS-116hr8407ih.pdf |
