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            <date>2023-12-12T20:41:52Z</date>
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        <title>American Investment Accountability Act</title>
        <congress>118</congress>
        <number>6733</number>
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          <actionDate>2023-12-12</actionDate>
          <text>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>
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        <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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        <fullName>Sen. Rubio, Marco [R-FL]</fullName>
        <firstName>Marco</firstName>
        <lastName>Rubio</lastName>
        <party>R</party>
        <state>FL</state>
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        <fullName>Sen. Scott, Rick [R-FL]</fullName>
        <firstName>Rick</firstName>
        <lastName>Scott</lastName>
        <party>R</party>
        <state>FL</state>
        <sponsorshipDate>2023-12-12</sponsorshipDate>
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        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2024-07-24T20:04:31Z</updateDate>
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          <text>&lt;p&gt;&lt;strong&gt;American Investment Accountability Act&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;This bill requires periodic reporting on U.S. business and investment activity in countries of concern (i.e., China, Russia, Iran, North Korea, Cuba, and Venezuela) and with covered entities. Under the bill, a covered entity (1) is an entity headquartered in, is subject to the jurisdiction of, or is owned or controlled by a country of concern; (2) is partially or wholly owned by a sanctioned entity; (3) has a subsidiary or parent organization headquartered in, or is subject to the jurisdiction of, a country of concern; or (4) has a specified interest in a sanctioned entity.&lt;/p&gt;&lt;p&gt;The Department of Commerce must report on the value of direct investments by U.S. persons in countries of concern and in covered entities, disaggregated by sector and state of origin, and accounting for investment occurring offshore. Commerce must also report on the number of large direct investments by U.S. persons in countries of concern.&lt;/p&gt;&lt;p&gt;The Department of the Treasury must report on the value of portfolio investments by U.S. persons in countries of concern and in covered entities, disaggregated by sector and state of origin, and accounting for investment occurring offshore. Treasury must also report on the number of large portfolio investments by U.S. persons in countries of concern and the value of U.S. portfolio investments in IPOs of covered entities.&lt;/p&gt;&lt;p&gt;The Securities and Exchange Commission must report on relationships (e.g. joint ventures, mergers, acquisitions, or investments) U.S. businesses have with countries of concern and covered entities.&lt;/p&gt;</text>
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    <title>American Investment Accountability Act</title>
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        <titleType>Display Title</titleType>
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        <title>American Investment Accountability Act</title>
        <updateDate>2024-07-24T15:19:35Z</updateDate>
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        <titleType>Short Title(s) as Introduced</titleType>
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        <title>American Investment Accountability Act</title>
        <updateDate>2024-05-24T13:34:56Z</updateDate>
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        <title>A bill to monitor United States investments in entities that are controlled by foreign adversaries, and for other purposes.</title>
        <updateDate>2024-01-04T00:29:03Z</updateDate>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
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        <date>2023-12-12T05:00:00Z</date>
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    <latestAction>
      <actionDate>2023-12-12</actionDate>
      <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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