American Investment Accountability Act

HR 6733, the American Investment Accountability Act, requires U.S. businesses to report certain investments to Congress. It targets "covered United States businesses" (non-small U.S. entities or foreign entities with significant U.S. ownership) making direct or portfolio investments exceeding specific thresholds ($5 million single transactions for direct investments, $10 million for portfolio) in "countries of concern" (China, Russia, Iran, North Korea, Cuba, Venezuela) or "covered entities" tied to those countries. The bill mandates quarterly reports from the Commerce Department (tracking direct investments by sector and location), Treasury (tracking portfolio investments), and the SEC (tracking corporate actions like spin-offs or mergers involving covered entities). These reports will detail investment values, locations, and transaction sizes, with data disaggregated by sector and U.S. state. The law focuses solely on transparency, requiring no new investment restrictions.