Protecting America From Foreign Investors Compromised by the Chinese Communist Party Act of 2020

Hozzl · 2022-02-08T23:54:48Z

Explore the details of Senate Bill 3386 Protecting America From Foreign Investors Compromised by the Chinese Communist Party Act of 2020 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Foreign Trade and International Finance. Stay informed on legislative developments.

2/8/2022, 11:54 PM

Congressional Summary of S 3386

Protecting America From Foreign Investors Compromised by the Chinese Communist Party Act of 2020

This bill requires the Committee on Foreign Investment in the United States to consider whether and how the connection of a foreign person to the telecommunications infrastructure of a foreign country or government may affect U.S. national security. In addition, the President must report on U.S. coordination with trade and investment partners to develop alternatives to telecommunications infrastructure that is supported by China.

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Current Status of Bill S 3386

Bill S 3386 is currently in the status of Bill Introduced since March 4, 2020. Bill S 3386 was introduced during Congress 116 and was introduced to the Senate on March 4, 2020. Bill S 3386's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 4, 2020

Bipartisan Support of Bill S 3386

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3386

Primary Policy Focus

Foreign Trade and International Finance

Potential Impact Areas

- Administrative law and regulatory procedures

- Asia

- China

- Congressional oversight

- Corporate finance and management

- Economic performance and conditions

- Foreign and international corporations

- Military procurement, research, weapons development

- Public contracts and procurement

- Telephone and wireless communication

- U.S. and foreign investments

Alternate Title(s) of Bill S 3386

Protecting America From Foreign Investors Compromised by the Chinese Communist Party Act of 2020

A bill to require the Committee on Foreign Investment in the United States to consider whether a foreign person that is a party to a transaction undergoing review by the Committee is connected to a foreign country that has installed information and communications technology designed, developed, manufactured, or supplied by persons owned or controlled by, or subject to the jurisdiction or direction of, a foreign adversary, and for other purposes.