No Chinese Communist SURPRISE Parties Act
12/15/2023, 4:05 PMSummary of Bill S 144
Bill 118 s 144, also known as the No Chinese Communist SURPRISE Parties Act, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to prevent any members of the Chinese Communist Party from holding surprise parties in the United States.The bill outlines that any individual who is a member of the Chinese Communist Party is prohibited from organizing or attending surprise parties on US soil. It also states that any US citizen who knowingly participates in or facilitates a surprise party organized by a member of the Chinese Communist Party will be subject to penalties.
The rationale behind this bill is to prevent potential espionage or influence by the Chinese Communist Party through social gatherings and events. Supporters of the bill argue that surprise parties could be used as a way to gather sensitive information or manipulate individuals for the benefit of the Chinese government. Opponents of the bill argue that it unfairly targets individuals based on their political affiliation and could lead to discrimination against Chinese Americans. They also question the effectiveness of such a measure in addressing national security concerns. Overall, the No Chinese Communist SURPRISE Parties Act is a controversial piece of legislation that raises questions about national security, individual rights, and diplomatic relations with China. It is currently being debated in Congress, and its future remains uncertain.
Congressional Summary of S 144
No Chinese Communist Subterfuge via Unregistered Regime Presence Rendered Invisible to Shareholders and Equivalent Parties Act or the No Chinese Communist SURPRISE Parties Act
This bill requires issuers of securities to annually disclose whether the issuer has established or maintained an organization of the Chinese Communist Party, if an organization of the Chinese Communist Party has participated in the operations of the issuer, and whether the issuer's board of directors (1) owes a fiduciary duty to the issuer and shareholders, and (2) is subject to heightened scrutiny with respect to conflicted controller transactions.
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Current Status of Bill S 144
Bill S 144 is currently in the status of Bill Introduced since January 30, 2023. Bill S 144 was introduced during Congress 118 and was introduced to the Senate on January 30, 2023. Bill S 144's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of January 30, 2023Bipartisan Support of Bill S 144
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
0Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 144
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
AsiaChinaSecuritiesU.S. and foreign investmentsAlternate Title(s) of Bill S 144
No Chinese Communist SURPRISE Parties ActNo Chinese Communist SURPRISE Parties ActNo Chinese Communist Subterfuge via Unregistered Regime Presence Rendered Invisible to Shareholders and Equivalent Parties ActA bill to require issuers filing annual reports with the Securities and Exchange Commission to disclose whether the issuers have connections with the Chinese Communist Party, and for other purposes.Comments
Most relevant
Sponsors and Cosponsors of S 144
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