Exposing China’s Belt and Road Investment in America Act of 2023
- Last Action
- 6/21/2023
Actions
- 2023-06-21Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2023-06-21Introduced in Senate
CRS Summary
As of 2023-06-21 (00)
Exposing China's Belt and Road Investment in America Act of 2023
This bill requires the Committee on Foreign Investment in the United States to review certain investments made by China in the United States.
Specifically, the committee must review any investment by a foreign person that (1) involves the acquisition of real estate in the United States and the establishment of a U.S. business on such real estate, and (2) could result in direct or indirect control of that U.S. business by China. A party to any such investment must submit to the committee a declaration containing basic information regarding the transaction.
Cosponsors (1)
- Kevin Cramer (R-ND)
Subjects
- Asia
- China
- Corporate finance and management
- Foreign and international corporations
- Government information and archives
- Industrial facilities
- Real estate business
- 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.