Bill > HR1562

This bill, the American Financial Markets Integrity and Security Act, has several key provisions: 1. It prohibits the trading of securities issued by certain Communist Chinese military companies on U.S. national securities exchanges, starting one year after the bill's enactment. 2. It amends the Investment Company Act of 1940 to prohibit investment companies from investing in these Communist Chinese military companies. 3. It prohibits the use of federal funds to enter into contracts or purchasing agreements with these Communist Chinese military companies, with exceptions for national security waivers. 4. It prohibits insurance companies from investing in these Communist Chinese military companies and requires them to annually certify their compliance. 5. It requires the Director of the Office of Commercial and Economic Analysis of the Air Force to analyze the strategic importance to the Chinese government of capital inflows through U.S. markets and provide recommendations to mitigate related national security and economic risks. The bill aims to restrict the ability of certain Chinese military-affiliated entities to access U.S. financial markets and capital, citing national security concerns.

Business and Industry

https://www.congress.gov/bill/117th-congress/house-bill/1562/all-info