Disclosing Investments in Foreign Adversaries Act of 2023

Hozzl · 2023-12-15T16:09:35Z

Explore the details of Senate Bill 3286 Disclosing Investments in Foreign Adversaries Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

12/15/2023, 4:09 PM

Summary of Bill S 3286

Bill 118 s 3286, also known as the Disclosing Investments in Foreign Adversaries Act of 2023, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to require certain entities to disclose their investments in foreign adversaries, specifically countries or entities that pose a threat to the national security of the United States.

Under this bill, entities such as pension funds, endowments, and other institutional investors would be required to report any investments they have in countries or entities that are identified as foreign adversaries by the US government. This information would then be made publicly available in a searchable database, allowing for greater transparency and accountability in investment practices.

The bill also includes provisions for the Secretary of the Treasury to establish a process for identifying and updating the list of foreign adversaries, as well as penalties for entities that fail to comply with the disclosure requirements. Overall, the Disclosing Investments in Foreign Adversaries Act of 2023 aims to ensure that US entities are aware of and accountable for their investments in countries or entities that may pose a threat to national security, promoting greater transparency and safeguarding against potential risks.

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Current Status of Bill S 3286

Bill S 3286 is currently in the status of Bill Introduced since November 9, 2023. Bill S 3286 was introduced during Congress 118 and was introduced to the Senate on November 9, 2023. Bill S 3286's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of November 9, 2023

Bipartisan Support of Bill S 3286

Total Number of Sponsors

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Republican Sponsors

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Total Number of Cosponsors

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Policy Area and Potential Impact of Bill S 3286

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 3286

Disclosing Investments in Foreign Adversaries Act of 2023Disclosing Investments in Foreign Adversaries Act of 2023A bill to require the Securities and Exchange Commission to amend the rules of the Commission relating to disclosures by advisors of private funds, and for other purposes.

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