118th Congress Finance and Financial Sector
H.R. 499: SAFE from PRC Investments Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill requires certain issuers of securities and funds traded on an exchange to report on connections to China or the Communist Party of China. In particular, an issuer with specified connections to China must annually disclose a variety of details, including
- whether executive-level employees, senior directors, or board members are members of the Communist Party of China;
- interactions with the party;
- expenditures in China;
- expenditures in the United States regarding operations and lobbying activities; and
- the ability of the Public Company Accounting Oversight Board to audit the issuer.
Additionally, an exchange-traded fund that invests in a Chinese company must annually disclose about that company
Read the full summary
- ownership information,
- party involvement,
- whether the company participates in specified Chinese policies or activities,
- any ties to U.S.-sanctioned individuals, and
- the types of products or services produced by the company.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Mark Amodei R-NVOriginal
- Jake Ellzey R-TXOriginal
- Ronny Jackson R-TXOriginal
- Doug LaMalfa R-CA
- Mónica De La Cruz R-TX
- Michael Waltz R-FL
- Byron Donalds R-FL
Who scored on this bill
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History
- Introduced in the House by Patrick Fallon.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Financial Services.