Bill117th CongressFiled Feb 3, 2022Finance and Financial Sector
S. 3584
Countering Corporate Corruption in China Act of 2022
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Feb 3, 2022)
Countering Corporate Corruption in China Act of 2022
This bill expands the activity prohibited under the Foreign Corrupt Practices Act (FCPA) applicable to issuers of securities, domestic concerns, and others. (The FCPA generally prohibits bribes to foreign officials.)
For example, the bill includes as prohibited corrupt practices
- certain activity supporting human rights abuses by China against Uyghurs, Kazakhs, and members of other predominately Muslim ethnic groups;
- certain activity supporting censorship or human rights abuses by China with respect to individuals in Hong Kong;
- supporting certain territorial claims by China;
- political advocacy in favor of the Chinese Communist Party; and
- investing in specified Chinese entities.
What just happenedFeb 3, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
Sen. Rubio, Marco [R-FL](R-FL)Sponsor
1committees2actions
- Introduced in SenateFeb 3, 2022
- Feb 3, 2022IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Feb 3, 2022IntroReferral10000
Introduced in Senate