Bill > HR7249

This bill, titled the "Our Money in China Transparency Act," would require the Director of the Office of Management and Budget and the heads of federal departments and agencies to include annual reports in the President's budget submission to Congress. These reports would detail the amounts of federal funds made available during the previous fiscal year to Chinese persons or entities, federal programs or activities conducted in partnership with Chinese entities, Chinese entities owned or controlled by U.S. entities, federal employees carrying out activities in China, and joint U.S.-China efforts. The initial report would cover the previous 10 fiscal years. The bill defines "Chinese person or entity" and "U.S. entity" for the purposes of the reporting requirements.