H.R. 6733 · 118th Congress
American Investment Accountability 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
StefanikSponsor4 cosponsors · 4 R
3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill requires periodic reporting on U.S. business and investment activity in countries of concern (i.e., China, Russia, Iran, North Korea, Cuba, and Venezuela) and with covered entities.
What it does: CRS summary · Introduced in House · Dec 12, 2023
American Investment Accountability Act
This bill requires periodic reporting on U.S. business and investment activity in countries of concern (i.e., China, Russia, Iran, North Korea, Cuba, and Venezuela) and with covered entities. Under the bill, a covered entity (1) is an entity headquartered in, is subject to the jurisdiction of, or is owned or controlled by a country of concern; (2) is partially or wholly owned by a sanctioned entity; (3) has a subsidiary or parent organization headquartered in, or is subject to the jurisdiction of, a country of concern; or (4) has a specified interest in a sanctioned entity.
The Department of Commerce must report on the value of direct investments by U.S. persons in countries of concern and in covered entities, disaggregated by sector and state of origin, and accounting for investment occurring offshore. Commerce must also report on the number of large direct investments by U.S. persons in countries of concern.
The Department of the Treasury must report on the value of portfolio investments by U.S. persons in countries of concern and in covered entities, disaggregated by sector and state of origin, and accounting for investment occurring offshore. Treasury must also report on the number of large portfolio investments by U.S. persons in countries of concern and the value of U.S. portfolio investments in IPOs of covered entities.
The Securities and Exchange Commission must report on relationships (e.g. joint ventures, mergers, acquisitions, or investments) U.S. businesses have with countries of concern and covered entities.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: American Investment Accountability Act
Latest action (Dec 12, 2023): 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.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Dec 12, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.