Bill > H487

This bill establishes a special commission to study the financial relationships between Massachusetts entities and companies owned by the Chinese government. The commission will include representatives from various state legislative committees, state agencies, political leadership, the University of Massachusetts, and several business organizations. Specifically, the commission is tasked with identifying Massachusetts-based assets held by Chinese state-owned companies, examining how these companies' business operations impact local industries, and assessing potential economic and sovereignty risks to the commonwealth. Key members will include legislative chairs from economic development and export development committees, state secretaries, the state treasurer, state auditor, and representatives from organizations like the Massachusetts Association of Realtors and Massachusetts Technology Leadership Council. The commission is required to complete a comprehensive report detailing its findings and recommendations by December 31, 2027. The bill defines "Massachusetts entity" broadly to include corporations, businesses, schools, state agencies, and other organizations operating in Massachusetts, and "Chinese state-owned company" as any business entity owned or affiliated with the Chinese government.

Business and Industry

https://malegislature.gov/Bills/194/H487