H.R. 499 · 118th Congress
SAFE from PRC Investments Act
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
FallonSponsor7 cosponsors · 7 R
3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Securing American Families and Enterprises from People's Republic of China Investments Act or the SAFE from PRC Investments Act
What it does: CRS summary · Introduced in House · Jan 25, 2023
Securing American Families and Enterprises from People's Republic of China Investments Act or the SAFE from PRC Investments Act
This bill requires certain issuers of securities and funds traded on an exchange to report on connections to China or the Communist Party of China. In particular, an issuer with specified connections to China must annually disclose a variety of details, including
- whether executive-level employees, senior directors, or board members are members of the Communist Party of China;
- interactions with the party;
- expenditures in China;
- expenditures in the United States regarding operations and lobbying activities; and
- the ability of the Public Company Accounting Oversight Board to audit the issuer.
Additionally, an exchange-traded fund that invests in a Chinese company must annually disclose about that company
- ownership information,
- party involvement,
- whether the company participates in specified Chinese policies or activities,
- any ties to U.S.-sanctioned individuals, and
- the types of products or services produced by the company.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: SAFE from PRC Investments Act
Also known as: Securing American Families and Enterprises from People’s Republic of China Investments Act
Latest action (Jan 25, 2023): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Jan 25, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.