summary
Introduced
06/18/2024
06/18/2024
In Committee
06/18/2024
06/18/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To prevent the funding of malign activities of the Chinese Communist Party though the sale of ‘‘A-Shares’’ on certain securities exchanges controlled by the Chinese Communist Party by prohibiting the purchase, sale, and ownership of such securities by United States investors, and for other purposes.
AI Summary
This bill aims to prevent U.S. investors from funding the activities of the Chinese Communist Party (CCP) through the purchase of "A-Shares" - securities listed on certain stock exchanges in China that are controlled by the CCP. The key provisions of the bill include prohibiting U.S. persons from engaging in transactions involving these covered securities, requiring divestment of existing holdings within 180 days, and imposing civil and criminal penalties for violations. The bill also requires regular reports to Congress on the mitigation of threats to U.S. national security and the economy posed by these investments, as well as an annual report on U.S. portfolio investments in China.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 06/18/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/senate-bill/4586/all-info |
| BillText | https://www.congress.gov/118/bills/s4586/BILLS-118s4586is.pdf |
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