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American Financial Markets Integrity and Security Act

USA116th CongressHR-8800| House 
| Updated: 11/20/2020
Mike Gallagher

Mike Gallagher

Republican Representative

Wisconsin

Cosponsors (2)
Chris Stewart (Republican)Liz Cheney (Republican)
Committees (7)
• Ways and Means Committee• Foreign Affairs Committee• Financial Services Committee• Armed Services Committee• Education and Workforce Committee• Intelligence (Permanent Select) Committee• Oversight and Government Reform Committee
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
American Financial Markets Integrity and Security Act This bill generally prohibits investments in certain Chinese military companies and entities reasonably believed to be involved in activities contrary to the national security or foreign policy interests of the United States. These entities may not sell securities to U.S. markets. Investment companies, insurance companies, and retirement plans are prohibited from investing in these entities. The bill also prohibits the use of federal funds to enter into or renew a contract with these entities. Furthermore, the Department of Commerce and the Office of the Director of National Intelligence—in addition to the Department of Defense as under current law—are allowed to add entities to the list of Chinese military companies.
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Timeline
Oct 26, 2020

Latest Companion Bill Action

S 116-4872
Introduced in Senate
Nov 20, 2020
Introduced in House
Nov 20, 2020
Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, Ways and Means, Armed Services, Education and Labor, Intelligence (Permanent Select), and Oversight and Reform, 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.
  • October 26, 2020

    Latest Companion Bill Action

    S 116-4872
    Introduced in Senate


  • November 20, 2020
    Introduced in House


  • November 20, 2020
    Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, Ways and Means, Armed Services, Education and Labor, Intelligence (Permanent Select), and Oversight and Reform, 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.

Finance and Financial Sector

Related Bills

  • S 116-4872: American Financial Markets Integrity and Security Act
AsiaChinaCongressional oversightCorporate finance and managementEmployee benefits and pensionsFinancial services and investmentsForeign and international corporationsGovernment studies and investigationsIncome tax deferralInsurance industry and regulationIntelligence activities, surveillance, classified informationInternational monetary system and foreign exchangeMilitary civil functionsMilitary procurement, research, weapons developmentSecuritiesU.S. and foreign investments

American Financial Markets Integrity and Security Act

USA116th CongressHR-8800| House 
| Updated: 11/20/2020
American Financial Markets Integrity and Security Act This bill generally prohibits investments in certain Chinese military companies and entities reasonably believed to be involved in activities contrary to the national security or foreign policy interests of the United States. These entities may not sell securities to U.S. markets. Investment companies, insurance companies, and retirement plans are prohibited from investing in these entities. The bill also prohibits the use of federal funds to enter into or renew a contract with these entities. Furthermore, the Department of Commerce and the Office of the Director of National Intelligence—in addition to the Department of Defense as under current law—are allowed to add entities to the list of Chinese military companies.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Oct 26, 2020

Latest Companion Bill Action

S 116-4872
Introduced in Senate
Nov 20, 2020
Introduced in House
Nov 20, 2020
Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, Ways and Means, Armed Services, Education and Labor, Intelligence (Permanent Select), and Oversight and Reform, 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.
  • October 26, 2020

    Latest Companion Bill Action

    S 116-4872
    Introduced in Senate


  • November 20, 2020
    Introduced in House


  • November 20, 2020
    Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, Ways and Means, Armed Services, Education and Labor, Intelligence (Permanent Select), and Oversight and Reform, 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.
Mike Gallagher

Mike Gallagher

Republican Representative

Wisconsin

Cosponsors (2)
Chris Stewart (Republican)Liz Cheney (Republican)
Committees (7)
• Ways and Means Committee• Foreign Affairs Committee• Financial Services Committee• Armed Services Committee• Education and Workforce Committee• Intelligence (Permanent Select) Committee• Oversight and Government Reform Committee

Finance and Financial Sector

Related Bills

  • S 116-4872: American Financial Markets Integrity and Security Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
AsiaChinaCongressional oversightCorporate finance and managementEmployee benefits and pensionsFinancial services and investmentsForeign and international corporationsGovernment studies and investigationsIncome tax deferralInsurance industry and regulationIntelligence activities, surveillance, classified informationInternational monetary system and foreign exchangeMilitary civil functionsMilitary procurement, research, weapons developmentSecuritiesU.S. and foreign investments