HR 7924
Transparency in Chinese Government Investment Act of 2020
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Transparency in Chinese Government Investment Act of 2020, requires companies to disclose significant financial support and participation in government programs from the Chinese government when filing annual reports or offering securities. Specifically, it mandates reporting on involvement in initiatives like ‘Made in China 2025’ and ‘Military-Civil Fusion,’ as well as details about financial assistance received, personnel connections to the Chinese government, and the structure of any Chinese Communist Party committees within the company. The goal is to increase transparency regarding potential risks associated with investments involving the Chinese government.
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Primary sponsor
Cosponsors
Denver Riggleman
Liz [R-WY-At Large] Cheney
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