S. 860
Referred to CommitteeProtecting American Capital Act of 2023
Introduced 3/16/2023•118th Congress•Senate
Latest Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
3/16/2023 • Senate
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.
Introduced in Senate • 3/16/2023
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Topics & Subjects
Policy Area: Finance and Financial Sector
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Sponsor & Cosponsors (2)
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Bill Journey
Originated in the Senate
Introduced
March 16, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Introduced in Senate3/16/2023