HOUSE 1130117th CongressReferred 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.
SOS ACT Act
- Last Action
- 2/18/2021
Actions
- 2021-02-18Referred 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.
- 2021-02-18Referred 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.
- 2021-02-18Introduced in House
- 2021-02-18Introduced in House
CRS Summary
As of 2021-02-18 (00)
Secure Our Systems Against China's Tactics Act or the SOS ACT Act
This bill authorizes the Department of the Treasury to temporarily guarantee up to 50% of an investment made during the public health emergency declared due to COVID-19 (i.e., coronavirus disease 2019) in a business that (1) incurred losses due to COVID-19, (2) advances a national security interest, and (3) is susceptible to being purchased by a Chinese entity.
Subjects
- Asia
- Cardiovascular and respiratory health
- China
- Congressional oversight
- Corporate finance and management
- Economic performance and conditions
- Emergency medical services and trauma care
- Financial services and investments
- Foreign and international corporations
- Government lending and loan guarantees
- Infectious and parasitic diseases
- Intellectual property
- International exchange and broadcasting
- 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.