SOS ACT Act
USA117th CongressHR-1130| House
| Updated: 2/18/2021
Mark E. Green
Republican Representative
Tennessee
Foreign Affairs Committee, Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Secure Our Systems Against China's Tactics Act or the SOS ACT Act This bill authorizes the Department of the Treasury to temporarily guarantee up to 50% of an investment made during the public health emergency declared due to COVID-19 (i.e., coronavirus disease 2019) in a business that (1) incurred losses due to COVID-19, (2) advances a national security interest, and (3) is susceptible to being purchased by a Chinese entity.
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Timeline
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, 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.
Foreign Trade and International Finance
AsiaCardiovascular and respiratory healthChinaCongressional oversightCorporate finance and managementEconomic performance and conditionsEmergency medical services and trauma careFinancial services and investmentsForeign and international corporationsGovernment lending and loan guaranteesInfectious and parasitic diseasesIntellectual propertyInternational exchange and broadcastingU.S. and foreign investments
SOS ACT Act
USA117th CongressHR-1130| House
| Updated: 2/18/2021
Secure Our Systems Against China's Tactics Act or the SOS ACT Act This bill authorizes the Department of the Treasury to temporarily guarantee up to 50% of an investment made during the public health emergency declared due to COVID-19 (i.e., coronavirus disease 2019) in a business that (1) incurred losses due to COVID-19, (2) advances a national security interest, and (3) is susceptible to being purchased by a Chinese entity.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, 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.
Mark E. Green
Republican Representative
Tennessee
Foreign Affairs Committee, Financial Services Committee
Foreign Trade and International Finance
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
AsiaCardiovascular and respiratory healthChinaCongressional oversightCorporate finance and managementEconomic performance and conditionsEmergency medical services and trauma careFinancial services and investmentsForeign and international corporationsGovernment lending and loan guaranteesInfectious and parasitic diseasesIntellectual propertyInternational exchange and broadcastingU.S. and foreign investments