American Financial Markets Integrity and Security Act
- Last Action
- 3/3/2021
Actions
- 2021-03-03Read twice and referred to the Committee on Finance.
- 2021-03-03Introduced in Senate
CRS Summary
As of 2021-03-03 (00)
American Financial Markets Integrity and Security Act
This bill generally prohibits investments in certain Chinese military companies and entities reasonably believed to be involved in activities contrary to the national security or foreign policy interests of the United States. These entities may not sell securities to U.S. markets. Investment companies, insurance companies, and retirement plans are prohibited from investing in these entities. The bill also prohibits the use of federal funds to enter into or renew a contract with these entities.
Furthermore, the Department of Commerce and the Office of the Director of National Intelligence—in addition to the Department of Defense as under current law—are allowed to add entities to the list of Chinese military companies.
Cosponsors (6)
- Rick Scott (R-FL)
- Mike Braun (R-IN)
- Tom Cotton (R-AR)
- John Kennedy (R-LA)
- Ben Sasse (R-NE)
- Todd Young (R-IN)
Subjects
- Asia
- China
- Congressional oversight
- Corporate finance and management
- Employee benefits and pensions
- Financial services and investments
- Foreign and international corporations
- Government studies and investigations
- Income tax deferral
- Insurance industry and regulation
- Intelligence activities, surveillance, classified information
- International monetary system and foreign exchange
- Military civil functions
- Military procurement, research, weapons development
- Securities
- 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.