Disclosing Investments in Foreign Adversaries Act of 2023

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.