SOS ACT Act

Bill Number

HR 6598

Introduced

Apr 23, 2020

Latest Action

Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be ...

Sponsor

Cosponsors

Topics

Asia Cardiovascular and respiratory health China Congressional oversight Corporate finance and management Economic performance and conditions Emergency medical services and trauma care Financial services and investments Foreign and international corporations Foreign Trade and International Finance Government lending and loan guarantees Infectious and parasitic diseases Intellectual property International exchange and broadcasting U.S. and foreign investments

Full Text

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Votes

Summary

Secure Our Systems Against China's Tactics Act or the SOS ACT Act

This bill authorizes the Department of the Treasury to temporarily guarantee up to 50% of an investment made during the public health emergency declared due to COVID-19 (i.e., coronavirus disease 2019) in a business that (1) incurred losses due to COVID-19, (2) advances a national security interest, and (3) is susceptible to being purchased by a Chinese entity.

Actions

Apr 23, 2020

Referred to the Committee on Financial Services, and in addition to the Committee on 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.
Apr 23, 2020

Introduced in House

Amendments

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