Bill > S5016

This bill, the Combat Chinese Economic Aggression Act of 2024, aims to combat the economic aggression of the People's Republic of China. The key provisions include: 1. Expanding the authority of the Committee on Foreign Investment in the United States (CFIUS) to review certain investments by foreign persons, particularly those from China, that could impact the economic or technological competitiveness of the United States. 2. Requiring enhanced securities disclosure requirements for advisers of private funds, including the disclosure of private fund assets in "countries of concern" like China. 3. Establishing a new "Title VIII - Protection of Covered Sectors" in the Defense Production Act to prohibit or require notification of certain activities by U.S. persons involving critical technologies and products in sectors like semiconductors, artificial intelligence, and quantum information science, if those activities involve entities from countries of concern like China. 4. Limiting trade authority procedures to ensure that no more than 10-20% of the content of goods qualifying for preferential treatment under trade agreements can originate from nonmarket economy countries like China. 5. Requiring the development of a strategy and outreach to U.S. industry on the risks posed by China's "smartport technology" and related entities to U.S. national security, supply chains, and commercial activity.

Housing and Urban Affairs

https://www.congress.gov/bill/118th-congress/senate-bill/5016/all-info