American Financial Markets Integrity and Security Act
Latest action · Mar 3, 2021 Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, Ways and Means, Armed Services, Education and Labor, Intelligence (Permanent Select), and Oversight and Reform, 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.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 3, 2021
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 2
Members who signed on, in the order they did. All signed on Mar 3, 2021.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-UT | Chris Stewart | Original | Mar 3, 2021 |
| R-WY | Liz Cheney | Original | Mar 3, 2021 |
Actions 2
Everything that happened, newest first.
- Mar 3, 2021Introduced in House
- Mar 3, 2021Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, Ways and Means, Armed Services, Education and Labor, Intelligence (Permanent Select), and Oversight and Reform, 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.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 570 | American Financial Markets Integrity and Security Act | Identical bill | Mar 3, 2021 |
| HR 7457 | Hold CCP Accountable Act of 2022 | Related bill | Nov 1, 2022 |
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Asia
- China
- Congressional oversight
- Corporate finance and management
- Employee benefits and pensions
- Finance and Financial Sector
- Financial services and investments
- Foreign and international corporations
- Government studies and investigations
- Income tax deferral
- Insurance industry and regulation
- Intelligence activities, surveillance, classified information
- International monetary system and foreign exchange
- Military civil functions
- Military procurement, research, weapons development
- Securities
- U.S. and foreign investments
Text 1
Each version as it was printed, newest first.
- Mar 3, 2021Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.