CONGRESS FOR VOTERS

Rick Scott (R-FL)

Protecting U.S. Investors From Chinese Military Companies Act

S. 5643 · Senate bill Finance and Financial Sector

A Republican bill with 1 Republican cosponsor · See the cosponsor

Last activity — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill is called the Protecting U.S. Investors From Chinese Military Companies Act. It directs the Securities and Exchange Commission to indefinitely suspend the trading of securities for certain companies. Specifically, this happens if a company remains on a specific Department of Defense list for two annual revisions. The Securities and Exchange Commission must act not later than 10 days after the Secretary of Defense revises that list. The bill also requires the Commission to notify certain congressional committees if a Chinese military company is added to a specific Department of the Treasury list instead of having its trading suspended. Additionally, the bill outlines regulations and limits for the Commission regarding these trading prohibitions.

Yes

  • Scored +5

    Does this give people more protection from unfair business practices?

    The bill protects U.S. investors by requiring the SEC to suspend trading of securities for certain Chinese military companies.

  • Scored +4

    Does this make what the government does easier for the public to see?

    The bill requires notification of appropriate congressional committees regarding Chinese military companies added to specific lists.

The opposite

No question was scored the opposite.