To place temporary restrictions on acquisitions by the People's Republic of China, and for other purposes.
- Last Action
- 2/19/2021
Actions
- 2021-02-19Referred to the Subcommittee on Consumer Protection and Commerce.
- 2021-02-18Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, and 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.
- 2021-02-18Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, and 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.
- 2021-02-18Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, and 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.
- 2021-02-18Introduced in House
- 2021-02-18Introduced in House
CRS Summary
As of 2021-02-18 (00)
This bill requires the Committee on Foreign Investment in the United States to review any purchase by a Chinese entity of a controlling interest in a U.S. company deemed critical to national security, critical infrastructure, or of cultural significance. The President may approve such a purchase only if, among other things, the purchase price was not significantly affected by the COVID-19 (i.e., coronavirus disease 2019) pandemic and the sale will not permit additional access to distribute propaganda or alter U.S. news and media consumption.
The bill's provisions cease to have force or effect once the United States has substantially recovered from the economic impacts of the pandemic.
Subjects
- Asia
- Cardiovascular and respiratory health
- China
- Corporate finance and management
- Economic performance and conditions
- Emergency medical services and trauma care
- Foreign and international corporations
- Government information and archives
- Government studies and investigations
- Infectious and parasitic diseases
- Infrastructure development
- News media and reporting
- Presidents and presidential powers, Vice Presidents
- Trade restrictions
- U.S. and foreign investments
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.