3.0.0 2678 2025-01-14T18:20:21Z 2025-01-14T18:20:21Z Senate S S 2023-07-27 118 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred To 2023-07-27T22:47:33Z 118 2670 HR 2023-12-22 Became Public Law No: 118-31. Related bill CRS 118 2226 S 2023-07-27 Senate ordered measure printed as passed. Related bill CRS 2023-07-27 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2023-07-27 Introduced in Senate IntroReferral 10000 9 Library of Congress C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX N C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA 2023-07-27 True S001198 Sen. Sullivan, Dan [R-AK] Dan Sullivan R AK 2024-03-05 False Finance and Financial Sector Finance and Financial Sector 2023-09-01T17:45:21Z

00 2023-07-27 Introduced in Senate 2024-06-07T12:50:01Z <p><strong>Outbound Investment Transparency Act of 2023</strong></p><p>This bill requires U.S. persons to notify the Department of the Treasury when making investments in or engaging in other economic activity associated with North Korea, China, Russia, or Iran. This requirement applies to U.S. persons in certain sectors, including advanced semiconductors and microelectronics, artificial intelligence, and satellite-based communications. Covered activities that trigger the notification requirement include investing in an entity, establishing a venture or subsidiary, or acquiring certain positions in an entity in these countries.</p><p>U.S. persons must notify Treasury 14 days before engaging in a covered activity. However, if the covered activity is a secured transaction, notification must be provided not later than 14 days after the transaction.&nbsp;</p><p>Specific information or documentary material provided to Treasury is not subject to public disclosure, with certain exceptions.</p><p>Treasury must at least annually report to Congress a summary of the notifications received under this bill.</p><p>The Department of State must engage with allied countries to coordinate protocols, procedures, and information sharing regarding these investments. The Department of Justice has the authority to enforce this bill. &nbsp;</p><!--tinycomments|2.1|data:application/json;base64,eyJtY2UtY29udmVyc2F0aW9uXzk2OTY2MjczOTIxNzE3NjkxMDAwNDk4Ijp7InVpZCI6Im1jZS1jb252ZXJzYXRpb25fOTY5NjYyNzM5MjE3MTc2OTEwMDA0OTgiLCJjb21tZW50cyI6W3sidWlkIjoibWNlLWNvbnZlcnNhdGlvbl85Njk2NjI3MzkyMTcxNzY5MTAwMDQ5OCIsImF1dGhvciI6ImFyZWVkQGxpYi5sb2MuZ292IiwiYXV0aG9yTmFtZSI6ImFyZWVkQGxpYi5sb2MuZ292IiwiY29udGVudCI6IldoaXRlIHBhcGVyOiBodHRwczovL3d3dy5jYXNleS5zZW5hdGUuZ292L2ltby9tZWRpYS9kb2Mvb3V0Ym91bmRfaW52ZXN0bWVudF90cmFuc3BhcmVuY3lfYWN0X29uZS1wYWdlci5wZGYiLCJjcmVhdGVkQXQiOiIyMDI0LTA2LTA2VDE2OjIzOjIwLjQ5OFoiLCJtb2RpZmllZEF0IjoiMjAyNC0wNi0wNlQxNjoyMzoyMC40OThaIn1dfX0=-->

Display Title 45 2024-07-24T15:20:42Z Short Title(s) as Introduced 101 2024-05-24T13:37:10Z Introduced in Senate IS Official Title as Introduced 6 2024-03-06T11:08:29Z Introduced in Senate IS Introduced in Senate 2023-07-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s2678is/xml/BILLS-118s2678is.xml 2023-07-27 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.