DATA Act

The DATA Act creates a China Economic Data Coordination Center within the Commerce Department to collect and analyze specific financial data about China's economy and its ties to the U.S. It requires the Center to gather detailed information on China's debt, banking risks, U.S. retirement accounts linked to Chinese investments, and Chinese lending activities globally. The Center must provide quarterly reports to Congress, biannual briefings, and monthly public updates on its findings, including how Chinese business activities affect U.S. jobs and industries. This bill directly affects U.S. federal agencies (Commerce, Treasury) and aims to inform policy decisions by centralizing economic risk analysis related to China.