Senate Bill 4872
116th Congress(2019-2020)
American Financial Markets Integrity and Security Act
Introduced
Introduced
Introduced in Senate on Oct 26, 2020
Overview
Text
Introduced
Oct 26, 2020
Latest Action
Oct 26, 2020
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
4872
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Florida
Indiana
No Senate votes have been held for this bill.
Summary

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.

Text (1)
October 26, 2020
Actions (2)
10/26/2020
Read twice and referred to the Committee on Finance.
10/26/2020
Introduced in Senate
Public Record
Created
Oct 27, 2020 4:27:14 AM
Updated
Dec 23, 2020 5:23:53 AM