Bill > HR2246

This bill, titled the Foreign Investment Guardrails to Help Thwart (FIGHT) China Act, is comprehensive legislation designed to address national security concerns related to U.S. investments in China. The bill establishes a framework for prohibiting and requiring notifications about certain investments by U.S. persons in Chinese entities, particularly those involved in sensitive technological sectors. Key provisions include imposing sanctions on covered foreign persons in China, creating mandatory notification requirements for specific types of national security transactions, and establishing a process for prohibiting investments in technologies deemed critical to national security. The bill specifically targets investments in advanced technologies like integrated circuits, artificial intelligence, quantum computing, and hypersonic systems, with a focus on preventing U.S. capital from supporting potentially militarily sensitive Chinese technological development. Additionally, the legislation requires the Treasury Secretary to report periodically to Congress about enforcement actions, investment trends, and recommendations for modifying technology restrictions. The bill also mandates the creation of a publicly accessible database of covered foreign persons and requires U.S. persons to divest from certain Chinese companies on a specified list within 365 days of enactment, with potential national security-based waivers available. The overall aim is to protect U.S. national security interests by limiting strategic technological and financial interactions with Chinese entities that could pose potential military or surveillance risks.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/house-bill/2246/all-info