Bill117th CongressFiled Apr 7, 2022Finance and Financial Sector
S. 4051
Protecting American Capital Act of 2022
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Apr 7, 2022)
Protecting American Capital Act of 2022
This bill requires the Department of the Treasury to annually report to Congress on portfolio investments made by U.S. persons in China. The report must include
- the U.S. persons making the investments, including state pension funds and those making more than 2% of the total annual investments; and
- the Chinese entities receiving the investments, including Chinese entities subject to U.S. sanctions and Chinese entities receiving more than $100 million.
The initial report must include investment information back to January 1, 2008.
What just happenedApr 7, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
Sen. Scott, Rick [R-FL](R-FL)Sponsor
1 cosponsor1 D
1cosponsors1committees2actions
- Introduced in SenateApr 7, 2022
- Apr 7, 2022IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Apr 7, 2022IntroReferral10000
Introduced in Senate