Bill > S2384

This bill establishes comprehensive reporting requirements for U.S. investments in countries considered strategic adversaries, including China, Russia, Iran, North Korea, Cuba, and Venezuela. The legislation mandates quarterly reports from the Departments of Commerce, Treasury, and the Securities and Exchange Commission to congressional committees detailing direct and portfolio investments by U.S. persons in these "countries of concern" and their associated entities. Specifically, the reports must track the value of investments by sector and state of origin, including those made through offshore financial centers, and highlight investments exceeding certain monetary thresholds ($5-10 million for direct investments and $10-25 million for portfolio investments). The bill also requires disclosure of business activities such as joint ventures, mergers, acquisitions, and expansions involving entities from these countries. The reports aim to provide transparency and congressional oversight of U.S. investment interactions with potentially strategic or national security-sensitive foreign entities, with the first comprehensive report due within one year of the act's enactment and subsequent reports submitted every 90 days thereafter.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/2384/all-info