Prohibiting Nationalization of American Companies and Investments Act of 2023
1/21/2024, 9:00 PMSummary of Bill S 3269
Bill 118 s 3269, also known as the Prohibiting Nationalization of American Companies and Investments Act of 2023, aims to prevent the nationalization of American companies and investments by foreign governments. The bill seeks to protect American businesses from being taken over or controlled by foreign entities, which could potentially harm the US economy and national security.The legislation prohibits any foreign government from nationalizing or expropriating American companies or investments without the consent of the US government. It also establishes penalties for any foreign government that violates this prohibition, including economic sanctions and other measures.
The bill has garnered bipartisan support in Congress, with lawmakers from both parties recognizing the importance of protecting American businesses from foreign interference. Supporters argue that the legislation will help safeguard the US economy and ensure that American companies can operate freely without fear of being taken over by foreign governments. Critics of the bill have raised concerns about the potential impact on international trade and relations with foreign countries. They argue that the legislation could lead to retaliatory measures from other nations and disrupt global economic stability. Overall, Bill 118 s 3269 represents an effort to protect American businesses and investments from foreign nationalization, while also balancing the need for international cooperation and trade. The bill is currently under consideration in Congress and will likely undergo further debate and revisions before potentially becoming law.
Congressional Summary of S 3269
Prohibiting Nationalization of American Companies and Investments Act of 2023
This bill prohibits Ukraine from using any U.S. government-provided funds for the nationalization, expropriation, forced liquidation, seizure, or imposition of restrictions on the rights of shareholders over property in Ukraine that is owned directly or indirectly by U.S. investors, including interests in a publicly traded company.
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Current Status of Bill S 3269
Bill S 3269 is currently in the status of Bill Introduced since November 9, 2023. Bill S 3269 was introduced during Congress 118 and was introduced to the Senate on November 9, 2023. Bill S 3269's most recent activity was Read twice and referred to the Committee on Foreign Relations. as of November 9, 2023Bipartisan Support of Bill S 3269
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3269
Primary Policy Focus
International AffairsAlternate Title(s) of Bill S 3269
Prohibiting Nationalization of American Companies and Investments Act of 2023Prohibiting Nationalization of American Companies and Investments Act of 2023A bill to prohibit funding for the Government of Ukraine for the nationalization of strategic assets.Comments
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Sponsors and Cosponsors of S 3269
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