To place temporary restrictions on acquisitions by the People's Republic of China, and for other purposes.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Feb 18, 2021)
This bill requires the Committee on Foreign Investment in the United States to review any purchase by a Chinese entity of a controlling interest in a U.S. company deemed critical to national security, critical infrastructure, or of cultural significance. The President may approve such a purchase only if, among other things, the purchase price was not significantly affected by the COVID-19 (i.e., coronavirus disease 2019) pandemic and the sale will not permit additional access to distribute propaganda or alter U.S. news and media consumption.
The bill's provisions cease to have force or effect once the United States has substantially recovered from the economic impacts of the pandemic.
What just happenedFeb 19, 2021
Referred to the Subcommittee on Consumer Protection and Commerce.
Who’s behind it
- Introduced in HouseFeb 18, 2021
- Feb 19, 2021Committee
Referred to the Subcommittee on Consumer Protection and Commerce.
Innovation, Data, and Commerce Subcommittee - Feb 18, 2021IntroReferralH11100
Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Foreign Affairs Committee - Feb 18, 2021IntroReferralH11100
Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Energy and Commerce Committee - Feb 18, 2021IntroReferralH11100
Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Financial Services Committee - Feb 18, 2021IntroReferralIntro-H
Introduced in House
- Feb 18, 2021IntroReferral1000
Introduced in House