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Disclosing Investments in Foreign Adversaries Act of 2023
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.
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.
Read the Full Bill
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
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
0Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3286
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill S 3286
Disclosing Investments in Foreign Adversaries Act of 2023
Disclosing Investments in Foreign Adversaries Act of 2023
A 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.
Comments
Sponsors and Cosponsors of S 3286
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