Bill > HR1129

This bill, the "Our Money in China Transparency Act," requires annual reporting on the availability of federal funds to persons and entities in China, as well as activities conducted in collaboration with China. The bill mandates the Director of the Office of Management and Budget and the heads of federal departments and agencies to report on the amounts made available from each account to Chinese persons or entities, federal programs and activities conducted in partnership with Chinese entities, and joint or collaborative efforts between the United States and China. The reporting also covers amounts made available to U.S. entities that are owned or controlled by Chinese entities, and to federal employees for carrying out programs, projects, or activities in China. The initial report must include information for the 10 preceding fiscal years.