Bill Sponsor
House Bill 7064
116th Congress(2019-2020)
Stop Funding the PLA Act
Introduced
Introduced
Introduced in House on Jun 1, 2020
Overview
Text
Sponsor
Introduced
Jun 1, 2020
Latest Action
Jun 1, 2020
Origin Chamber
House
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
7064
Congress
116
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.
Sponsorship by Party
Republican
Indiana
Republican
California
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Stop Funding the PLA Act

This bill requires the Department of the Treasury to establish a list of entities the securities of which a U.S. person shall be prohibited from purchasing or holding.

Specifically, the Treasury must submit a report specifying each foreign industrial defense corporation with substantial contacts with, ties to, or support from any PLA entity (any entity of the Chinese military). The bill prohibits U.S. persons from purchasing a security of a foreign industrial defense corporation specified in the report, and it requires U.S. persons who own any such security to divest themselves of it.

Text (1)
Actions (2)
06/01/2020
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.
06/01/2020
Introduced in House
Public Record
Record Updated
Feb 8, 2022 11:17:00 PM