American Financial Markets Integrity and Security Act
1/11/2023, 1:47 PMCongressional Summary of S 570
American Financial Markets Integrity and Security Act
This bill generally prohibits investments in certain Chinese military companies and entities reasonably believed to be involved in activities contrary to the national security or foreign policy interests of the United States. These entities may not sell securities to U.S. markets. Investment companies, insurance companies, and retirement plans are prohibited from investing in these entities. The bill also prohibits the use of federal funds to enter into or renew a contract with these entities.
Furthermore, the Department of Commerce and the Office of the Director of National Intelligence—in addition to the Department of Defense as under current law—are allowed to add entities to the list of Chinese military companies.
Read the Full Bill
Current Status of Bill S 570
Bill S 570 is currently in the status of Bill Introduced since March 3, 2021. Bill S 570 was introduced during Congress 117 and was introduced to the Senate on March 3, 2021. Bill S 570's most recent activity was Read twice and referred to the Committee on Finance. as of March 3, 2021Bipartisan Support of Bill S 570
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
6Democrat Cosponsors
0Republican Cosponsors
6Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 570
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
AsiaChinaCongressional oversightCorporate finance and managementEmployee benefits and pensionsFinancial services and investmentsForeign and international corporationsGovernment studies and investigationsIncome tax deferralInsurance industry and regulationIntelligence activities, surveillance, classified informationInternational monetary system and foreign exchangeMilitary civil functionsMilitary procurement, research, weapons developmentSecuritiesU.S. and foreign investmentsAlternate Title(s) of Bill S 570
American Financial Markets Integrity and Security ActA bill to prohibit the trading of the securities of certain Communist Chinese military companies on a national securities exchange, and for other purposes.American Financial Markets Integrity and Security ActComments
Most relevant
Sponsors and Cosponsors of S 570
Latest Bills
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Energy relating to "Energy Conservation Program: Energy Conservation Standards for Walk-In Coolers and Walk-In Freezers".
Bill HJRES 24April 4, 2025
A resolution condemning Beijing's destruction of Hong Kong's democracy and rule of law.
Bill SRES 98April 4, 2025
A joint resolution providing for congressional disapproval of the proposed foreign military sale to Israel of certain defense articles and services.
Bill SJRES 26April 4, 2025
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to "Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information (Regulation V)".
Bill SJRES 36April 4, 2025
A joint resolution terminating the national emergency declared to impose duties on articles imported from Canada.
Bill SJRES 37April 4, 2025
A joint resolution providing for congressional disapproval of the proposed foreign military sale to the Government of Israel of certain defense articles and services.
Bill SJRES 33April 4, 2025
A bill to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank currency for monetary policy, and for other purposes.
Bill S 1124April 4, 2025
A bill to amend the Federal Agriculture Improvement and Reform Act of 1996 with respect to transitioning producers from the noninsured crop assistance program to the whole farm revenue insurance plan.
Bill S 1271April 4, 2025
A bill to provide for notification to, and review by, Congress with respect to the imposition of duties.
Bill S 1272April 4, 2025
A bill to amend the Farm Credit Act of 1971 to support the commercial fishing industry.
Bill S 1217April 4, 2025
Hold CCP Accountable Act of 2022
Bill HR 7457August 15, 2023
American Financial Markets Integrity and Security Act
Bill HR 1562January 11, 2023