Senate Bill 3038
117th Congress(2021-2022)
Exposing China’s Belt and Road Investment in America Act of 2021
Introduced
Introduced in Senate on Oct 21, 2021
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3038
Congress
117
Policy Area
Foreign Trade and International Finance
Foreign Trade and International Finance
Primary focus of measure is competitiveness, trade barriers and adjustment assistance; foreign loans and international monetary system; international banking; trade agreements and negotiations; customs enforcement, tariffs, and trade restrictions; foreign investment. Measures concerning border enforcement may fall under Immigration policy area.
No Senate votes have been held for this bill.
Summary
Exposing China's Belt and Road Investment in America Act of 2021
This bill requires the Committee on Foreign Investment in the United States to review certain investments made by China in the United States.
Specifically, the committee must review any investment by a foreign person that (1) involves the acquisition of real estate in the United States and the establishment of a U.S. business on such real estate, and (2) could result in direct or indirect control of that U.S. business by China. A party to any such investment must submit to the committee a declaration containing basic information regarding the transaction.
October 21, 2021
10/21/2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
10/21/2021
Introduced in Senate
Public Record
Record Updated
Mar 8, 2023 8:12:44 PM