“A bill to monitor United States investments in entities that are controlled by foreign adversaries, and for other purposes.”
No CRS summary available for this bill.
This section defines terms—including "country of concern" (i.e., China including Hong Kong and Macau, Russia, Iran, North Korea, Cuba, and Venezuela); "covered United States business" (i.e., U.S.-organized entities or those 25% or more U.S.-owned that are not small business concerns, as defined in 15 U.S.C. 632); "covered entity" (i.e., entities tied to countries of concern by headquarters, jurisdiction, ownership, control, influence, intimidation, sanctions, or parent/subsidiary relations); "offshore financial center" (i.e., jurisdictions facilitating over $100 million in annual U.S. direct investments or $500 million in portfolio investments into such countries or entities); and others—and directs the Secretary of Commerce to submit to specified congressional committees (10 listed committees across both chambers), not later than one year after enactment and every 90 days thereafter, a report identifying, for the period specified in subsection (e), the value of direct investments by United States persons in countries of concern, disaggregated by sector and by the state in which the investment originated.