Senate Bill 860
118th Congress(2023-2024)
Protecting American Capital Act of 2023
Introduced
Introduced in Senate on Mar 16, 2023
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
860
Congress
118
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No Senate votes have been held for this bill.
Summary
Protecting American Capital Act of 2023
This bill requires the Department of the Treasury to annually report to Congress on U.S. portfolio investments in China. The report must include
- the U.S. persons making the investments, including state pension funds and those making more than 2% of the total annual investments; and
- the Chinese entities receiving the investments, including Chinese entities subject to U.S. sanctions and Chinese entities receiving more than $100 million.
The initial report must include investment information back to January 1, 2008.
March 16, 2023
Sort by most recent
03/16/2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
03/16/2023
Introduced in Senate
Public Record
Record Updated
Jun 24, 2024 5:48:06 PM