Bill > HR4617

This bill establishes comprehensive reporting requirements for U.S. investments in countries considered adversarial, specifically targeting investments in China, Russia, Iran, North Korea, Cuba, and Venezuela. The legislation mandates that the Secretaries of Commerce and Treasury, along with the Securities and Exchange Commission, submit quarterly reports to key congressional committees detailing direct and portfolio investments by U.S. persons in these "countries of concern" and their associated entities. These reports must include specific financial details such as investment values, transaction sizes, and geographic origins, broken down by economic sector. The bill defines "covered entities" broadly, including businesses headquartered in these countries, owned or controlled by their governments, or having significant ownership by entities on sanctions lists. Investments of particular interest include those exceeding $5-10 million in a single transaction or in aggregate, as well as joint ventures, mergers, acquisitions, and expanded operations involving U.S. businesses and entities from these countries. The goal is to provide enhanced transparency and congressional oversight of U.S. investments that might potentially support or interact with the economic systems of nations deemed strategic competitors or adversaries.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/4617/all-info