American Financial Markets Integrity and Security Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Mar 3, 2021)
American Financial Markets Integrity and Security Act
This bill generally prohibits investments in certain Chinese military companies and entities reasonably believed to be involved in activities contrary to the national security or foreign policy interests of the United States. These entities may not sell securities to U.S. markets. Investment companies, insurance companies, and retirement plans are prohibited from investing in these entities. The bill also prohibits the use of federal funds to enter into or renew a contract with these entities.
Furthermore, the Department of Commerce and the Office of the Director of National Intelligence—in addition to the Department of Defense as under current law—are allowed to add entities to the list of Chinese military companies.
What just happenedMar 3, 2021
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateMar 3, 2021
- Mar 3, 2021IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Mar 3, 2021IntroReferral10000
Introduced in Senate