Protecting United States Businesses Abroad Act
- Last Action
- 5/15/2019
Actions
- 2019-05-15Referred to the Subcommittee on Immigration and Citizenship.
- 2019-04-10Sponsor introductory remarks on measure. (CR H3240)
- 2019-04-09Referred to the Committee on Foreign Affairs, and in addition to the Committee on the Judiciary, 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.
- 2019-04-09Referred to the Committee on Foreign Affairs, and in addition to the Committee on the Judiciary, 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.
- 2019-04-09Introduced in House
- 2019-04-09Introduced in House
CRS Summary
As of 2019-04-09 (00)
Protecting United States Businesses Abroad Act
This bill authorizes the President to impose visa-blocking sanctions on foreign individuals or entities that engage in certain forms of corruption, expropriation, or extortion to the detriment of a U.S. person or entity that has made an investment in a foreign country. Some of the actions subject to sanctions include (1) using state authority to extort payments from or intimidate such a U.S. investor, (2) expropriating the assets of a U.S. investor without just compensation, and (3) engaging in extortion or threatening force against a U.S. investor.
The President shall report to Congress on sanctions imposed under this bill.
The Department of State shall develop and report to Congress a strategy to coordinate U.S. government efforts to protect such U.S. investors from corruption.
Cosponsors (14)
- Michael McCaul (R-TX)
- Tom Malinowski (D-NJ)
- Ted Yoho (R-FL)
- Steve Watkins (R-KS)
- Markwayne Mullin (R-OK)
- Dean Phillips (D-MN)
- Steve Cohen (D-TN)
- SHEILA JACKSON LEE (D-TX)
- David Cicilline (D-RI)
- Ted Lieu (D-CA)
- Brian Fitzpatrick (R-PA)
- Colin Allred (D-TX)
- Dan Crenshaw (R-TX)
- Marc Veasey (D-TX)
Subjects
- Business ethics
- Congressional oversight
- Crimes against property
- Criminal investigation, prosecution, interrogation
- Fraud offenses and financial crimes
- Government ethics and transparency, public corruption
- Intergovernmental relations
- Sanctions
- U.S. and foreign investments
- Visas and passports
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.