HR 8394
To restrict the Chinese Government from accessing United States capital markets and exchanges if it fails to comply with international laws relating to finance, trade, and commerce.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill aims to limit China’s access to U.S. capital markets and exchanges. It would allow the Secretary of the Treasury to restrict investment from the Chinese government or entities under its control if the government fails to comply with international laws related to finance, trade, and commerce, including rules about sovereign debt. The bill defines ‘applicable United States entity’ broadly to include various financial institutions and government agencies. Ultimately, the goal is to prevent China from using U.S. financial systems to engage in potentially problematic financial practices.
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