3.0.0 7064 2022-02-08T23:17:00Z 2022-02-08T23:17:00Z House HR 2020-06-01 116 [Congressional Record Volume 166, Number 101 (Monday, June 1, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BANKS:H.R. 7064.Congress has the power to enact this legislation pursuantto the following:The constitutional authority of Congress to enact thislegislation is provided by Article I, section 8 of the UnitedStates Constitution, specifically clause 18 (relating to thepower to make all laws necessary and proper for carrying outthe powers vested in Congress).[Page H2363]]]> hsfa00 Foreign Affairs Committee House Standing Referred to 2020-06-01T13:00:35Z hsba00 Financial Services Committee House Standing Referred to 2020-06-01T13:00:30Z 2020-06-01 Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, 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. IntroReferral H11100 2 House floor actions hsfa00 Foreign Affairs Committee 2020-06-01 Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, 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. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2020-06-01 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-06-01 Introduced in House IntroReferral 1000 9 Library of Congress B001299 Rep. Banks, Jim [R-IN-3] Jim Banks R IN 3 N G000579 Rep. Gallagher, Mike [R-WI-8] Mike Gallagher R WI 8 2020-06-01 True L000578 Rep. LaMalfa, Doug [R-CA-1] Doug LaMalfa R CA 1 2020-06-01 True S001192 Rep. Stewart, Chris [R-UT-2] Chris Stewart R UT 2 2020-06-04 False Foreign Trade and International Finance Administrative law and regulatory procedures Asia China Congressional oversight Department of the Treasury Financial services and investments Foreign and international corporations Securities Foreign Trade and International Finance 00 2020-06-01 Introduced in House 2021-08-13T11:43:27Z Stop Funding the PLA Act

This bill requires the Department of the Treasury to establish a list of entities the securities of which a U.S. person shall be prohibited from purchasing or holding.

Specifically, the Treasury must submit a report specifying each foreign industrial defense corporation with substantial contacts with, ties to, or support from any PLA entity (any entity of the Chinese military). The bill prohibits U.S. persons from purchasing a security of a foreign industrial defense corporation specified in the report, and it requires U.S. persons who own any such security to divest themselves of it.

]]> Stop Funding the PLA Act Display Title Stop Funding the PLA Act Official Title as Introduced To prohibit financial investment by a United States person in foreign industrial defense corporations with substantial contracts with, ties to, or support from, the Chinese military and affiliated entities, and for other purposes. Introduced in House IH Short Title(s) as Introduced Stop Funding the PLA Act Introduced in House IH Introduced in House 2020-06-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr7064ih/xml/BILLS-116hr7064ih.xml 2020-06-01 Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, 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. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.