Bill 117 hr 6542, also known as the "Chinese Investment in Port Infrastructure Reporting Act," is a proposed piece of legislation that aims to increase transparency and oversight of Chinese investment in port infrastructure in the Western Hemisphere. The bill would require the Director of National Intelligence to submit an annual report to Congress detailing any investments made by Chinese entities in port infrastructure in countries located in the Western Hemisphere.
The purpose of this bill is to ensure that Congress and the American public are informed about any potential national security implications of Chinese investment in port infrastructure in the Western Hemisphere. By requiring the Director of National Intelligence to provide regular updates on these investments, lawmakers will be better equipped to assess the potential risks and benefits of such investments and take appropriate action if necessary.
Overall, the Chinese Investment in Port Infrastructure Reporting Act seeks to promote transparency and accountability in the realm of foreign investment, particularly when it comes to critical infrastructure such as ports. This bill reflects growing concerns about China's expanding global influence and the need to safeguard American interests in the Western Hemisphere.