0
Compensation for Americans Act of 2021
12/30/2022, 5:47 PM
Summary of Bill HR 3882
The bill outlines specific criteria for individuals to be eligible for compensation, including demonstrating that they have suffered financial losses or other hardships as a result of the government's actions. It also establishes a process for individuals to submit claims for compensation and for the government to review and approve these claims.
Additionally, the Compensation for Americans Act of 2021 sets aside a specific amount of funding to cover the costs of providing compensation to eligible individuals. This funding will be allocated from the federal budget and will be overseen by a designated government agency. Overall, the goal of Bill 117 HR 3882 is to provide support and assistance to Americans who have been adversely affected by government actions, and to ensure that they receive fair and just compensation for their losses.
Congressional Summary of HR 3882
Compensation for Americans Act of 2021
This bill requires the Department of State to negotiate with China to secure compensation for China's distortion of information related to the spread of COVID-19. The bill also contains other China-related provisions, such as those imposing sanctions on certain Chinese individuals and entities.
As part of such negotiations, the President shall (1) freeze Chinese assets subject to U.S. jurisdiction; (2) suspend the required review of any proposed acquisition of a U.S. entity by a Chinese entity; (3) impose sanctions on Chinese entities in certain industries, such as artificial intelligence and pharmaceuticals; (4) impose sanctions on various individuals, including Chinese government officials and Chinese citizens responsible for stealing intellectual property from U.S. entities; and (5) prohibit using federal funds to procure goods manufactured or sourced from a Chinese company, if such goods pose a supply chain risk to U.S. national security.
The President may terminate such prohibitions and sanctions if China and the United States come to an agreement regarding compensation related to COVID-19.
The Department of the Treasury shall establish a public repository with information about entities that are owned, financed, or controlled by the Chinese government.
Other provisions in this bill include (1) imposing export controls on telecommunications equipment that would help China carry out censorship or surveillance, (2) banning researchers affiliated with China's military from obtaining visas, and (3) requiring U.S. World Bank representatives to end China's eligibility for World Bank assistance.
