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House Bill 8197
116th Congress(2019-2020)
Transparency in Chinese Government Investment Act of 2020
Introduced
Introduced
Introduced in House on Sep 11, 2020
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Introduced in House 
Sep 11, 2020
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Introduced in House(Sep 11, 2020)
Sep 11, 2020
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Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
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H. R. 8197 (Introduced-in-House)


116th CONGRESS
2d Session
H. R. 8197


To require the Securities and Exchange Commission to assess whether certain information related to support from the Government of China is necessary or appropriate for the purposes of certain reports under the securities laws, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

September 11, 2020

Mr. Barr introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To require the Securities and Exchange Commission to assess whether certain information related to support from the Government of China is necessary or appropriate for the purposes of certain reports under the securities laws, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Transparency in Chinese Government Investment Act of 2020”.

SEC. 2. Assessment of information with respect to support from the Government of China.

Not later than 360 days following the date of the enactment of this Act, the Securities and Exchange Commission, in consultation with the Secretary of the Treasury, shall submit to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a report assessing whether disclosure of any of the following by an issuer organized under the laws of the People’s Republic of China qualifies as necessary or appropriate for the purposes of section 13(a) of the Securities Exchange Act of 1934:

(1) Material financial support by an issuer for the following industrial policies or development plans of the Government of China:

(A) Made in China 2025.

(B) Military-Civil Fusion.

(C) Internet Plus.

(D) Guidelines to Promote the National Integrated Circuit Foundry Development Plan.

(E) The China Integrated Circuit Investment Industry Fund (or any similar fund at the provincial or local level).

(F) Strategic Emerging Industries Initiative.

(G) New Generation Artificial Intelligence Development plan.

(2) Material financial support an issuer receives from the Government of China in connection with the support described in paragraph (1), including—

(A) direct subsidies, grants, loans, or loan guarantees;

(B) reduction of taxes or tax exemptions;

(C) preferential treatment under the Government of China procurement policies;

(D) access to research and development; and

(E) reduced prices for key inputs, including land, power, and water.

(3) Positions held by any individual as an officer or director of an issuer, if the individual occupies a position with—

(A) the Chinese Communist Party;

(B) the Government of China;

(C) the Central Committee of the Communist Party of China;

(D) the Central Military Commission of China;

(E) the Chinese People’s Political Consultative Conference;

(F) the National People’s Congress of China; or

(G) a State Council in China.

SEC. 3. Disclosure requirement.

Not later than 180 days following submission of the report required under section 2, the Securities and Exchange Commission shall prescribe regulations requiring an issuer to disclose in any annual report required under section 13 of the Securities Exchange Act of 1934, and in any prospectus in connection with an initial public offering, the information assessed by the Commission in such report to be necessary or appropriate for the purposes of subsection (a) of such section 13.