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American Financial Markets Integrity and Security Act

USA116th CongressS-4872| Senate 
| Updated: 10/26/2020
Marco Rubio

Marco Rubio

Republican Senator

Florida

Cosponsors (1)
Mike Braun (Republican)

Finance 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
Introduced in Senate
Oct 26, 2020
Read twice and referred to the Committee on Finance.
Nov 20, 2020

Latest Companion Bill Action

HR 116-8800
Introduced in House
  • October 26, 2020
    Introduced in Senate


  • October 26, 2020
    Read twice and referred to the Committee on Finance.


  • November 20, 2020

    Latest Companion Bill Action

    HR 116-8800
    Introduced in House

Finance and Financial Sector

Related Bills

  • HR 116-8800: 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 CongressS-4872| Senate 
| Updated: 10/26/2020
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
Introduced in Senate
Oct 26, 2020
Read twice and referred to the Committee on Finance.
Nov 20, 2020

Latest Companion Bill Action

HR 116-8800
Introduced in House
  • October 26, 2020
    Introduced in Senate


  • October 26, 2020
    Read twice and referred to the Committee on Finance.


  • November 20, 2020

    Latest Companion Bill Action

    HR 116-8800
    Introduced in House
Marco Rubio

Marco Rubio

Republican Senator

Florida

Cosponsors (1)
Mike Braun (Republican)

Finance Committee

Finance and Financial Sector

Related Bills

  • HR 116-8800: 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