H.R. 5286 · 117th Congress
Protecting Americans from Corporate Human Rights Abusers Act
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
PerrySponsorNo cosponsors.
This bill prohibits transactions in the securities of certain Chinese entities.
What it does: CRS summary · Introduced in House · Sep 17, 2021
Protecting Americans from Corporate Human Rights Abusers Act
This bill prohibits transactions in the securities of certain Chinese entities.
The Department of State must report to Congress a list identifying entities incorporated in China that have a presence in U.S. capital markets and (1) are responsible for or complicit in gross violations of human rights in China; (2) pose an unusual or extraordinary threat to U.S. national security, foreign policy, or economic interests; or (3) pose an increased financial risk exposure to U.S.-based investors.
A U.S. entity or individual may not purchase or sell the publicly traded securities (or derivatives of such securities) of (1) the entities on the above list; or (2) certain entities that have been designated as Communist Chinese military companies or Chinese military-industrial complex companies.
The bill provides certain exceptions for transactions that are made solely for the purpose of divesting in such securities.
The bill prohibits judicial review of certain actions related to this bill, including a decision by the State Department to list a company as one that is responsible for gross human rights violations in China.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Protecting Americans from Corporate Human Rights Abusers Act
Latest action (Oct 12, 2021): Referred to the Subcommittee on Asia, the Pacific, Central Asia and Nonproliferation.
Policy area: International Affairs · Origin: House · Introduced: Sep 17, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.