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Protecting American Capital Act of 2022

12/29/2022, 11:48 PM

Congressional Summary of S 4051

Protecting American Capital Act of 2022

This bill requires the Department of the Treasury to annually report to Congress on portfolio investments made by U.S. persons 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.

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Current Status of Bill S 4051

Bill S 4051 is currently in the status of Bill Introduced since April 7, 2022. Bill S 4051 was introduced during Congress 117 and was introduced to the Senate on April 7, 2022.  Bill S 4051's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of April 7, 2022

Bipartisan Support of Bill S 4051

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
1
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 4051

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 4051

Protecting American Capital Act of 2022
Protecting American Capital Act of 2022
A bill to require an annual report on United States portfolio investments in the People's Republic of China, and for other purposes.

Comments

Sponsors and Cosponsors of S 4051

Rick Scott
Rick Scott
FloridaRepublican
Jeanne Shaheen
Jeanne Shaheen
New HampshireDemocrat

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