Foreign Adversary Investment Prohibition Act
HR 9405, the Foreign Adversary Investment Prohibition Act, prohibits current Members of Congress (Senators and Representatives) from engaging in certain financial transactions with entities tied to specific foreign adversaries, including China, Russia, Iran, North Korea, Cuba, and Venezuela under Maduro. It defines prohibited transactions broadly to include gifts, loans, investments in securities or commodities, and similar financial dealings. Violations can result in civil penalties of up to $15,000 per offense, enforced by the Attorney General through civil action. The law directly affects Members of Congress by restricting their financial interactions with entities linked to designated countries during their service.
Bill status
in committee
1 of 4 stages cleared
Introduction
Aug 2024
Committee Review
Floor Vote
President
Introduced Aug 23, 2024
Last action Aug 23, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Aug 23, 2024
Committee
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, 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.
lower
Aug 23, 2024
Introduced
Introduced in House
lower
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Thomas H. Kean, Jr.
RRepublican
Co
Hillary J. Scholten
DDemocratic
Co
Mike Garcia
RRepublican
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