A bill to restrict the Chinese Government from accessing United States capital markets and exchanges if it fails to comply with international laws relating to finance, trade, and commerce.
This bill restricts the Chinese government and its state-controlled commercial entities from making new investments in U.S. capital markets, exchanges, or financial transactions if the U.S. Treasury determines they violate specific international financial laws. It targets compliance with rules covering sovereign debt handling, market transparency, and prohibitions against discriminatory payment practices. The Treasury Secretary, with input from the foreign investment committee, would block new investments by U.S. exchanges, brokers, banks, or other financial entities if China fails to meet these standards. The restriction applies only to new investments, not existing ones, and focuses on financial market access rather than broader economic ties.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2024
Committee Review
Floor Vote
President
Introduced Mar 14, 2024
Last action Mar 14, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Mar 14, 2024
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Mar 14, 2024
Introduced
Introduced in Senate
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
J.D. Vance
RRepublican
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