Bill 119 hr 1549, also known as the "China Financial Exposure Transparency Act," aims to address the potential risks and vulnerabilities that the United States may face in its financial dealings with China. The bill requires the Secretary of the Treasury to conduct a comprehensive study and report on the exposure of the US financial sector to China.
The study will analyze various aspects of the US-China financial relationship, including the extent of US investments in Chinese companies, the level of Chinese ownership of US debt, and the potential impact of any financial disruptions in China on the US economy. The report will also assess the risks posed by Chinese state-owned enterprises and the Chinese government's influence on global financial markets.
The purpose of this bill is to increase transparency and awareness of the potential risks associated with the US-China financial relationship. By conducting a thorough study and providing a detailed report to Congress, policymakers will be better equipped to make informed decisions regarding US economic and financial interests in relation to China.
Overall, the China Financial Exposure Transparency Act seeks to ensure that the United States is aware of and prepared for any potential financial risks and vulnerabilities that may arise from its interactions with the Chinese financial sector.