Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 1562
117th Congress(2021-2022)
American Financial Markets Integrity and Security Act
Introduced
Introduced
Introduced in House on Mar 3, 2021
Overview
Text
Introduced
Mar 3, 2021
Latest Action
Mar 3, 2021
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
1562
Congress
117
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
Republican
Mike Gallagher
Wisconsin
Republican
Chris Stewart
Utah
Republican
Liz Cheney
Wyoming
House Votes (0)
Senate Votes (0)
No House 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)
Introduced in House
March 3, 2021
Related Bills (2)
Apr 07, 2022
Introduced in House
2
Sponsorship
House Bill 7457
Hold CCP Accountable Act of 2022
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Mar 03, 2021
Introduced in Senate
7
Sponsorship
Senate Bill 570
American Financial Markets Integrity and Security Act
Introduced
Type
Identical Bill
Identical Bill
A bill that is word-for-word identical to another bill. Bills are characterized as identical to each other at the introduced stage only, even though a later (e.g., reported or passed) version of a bill might meet the same criteria for text similarity. Companion measures, procedurally-related measures, and legislation with text similarities are other related bill types.
Identified By
CRS
Actions (2)
03/03/2021
Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, Ways and Means, Armed Services, Education and Labor, Intelligence (Permanent Select), and Oversight and Reform, 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.
03/03/2021
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:46:22 PM
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