[Congressional Record Volume 168, Number 156 (Tuesday, September 27, 2022)]
[Senate]
[Pages S5086-S5087]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 5726. Mr. SCOTT of Florida submitted an amendment intended to be 
proposed to amendment SA 5499 submitted by Mr. Reed (for himself and 
Mr. Inhofe) and intended to be proposed to the bill H.R. 7900, to 
authorize appropriations for fiscal year 2023 for military activities 
of the Department of Defense, for military construction,

[[Page S5087]]

and for defense activities of the Department of Energy, to prescribe 
military personnel strengths for such fiscal year, and for other 
purposes; which was ordered to lie on the table; as follows:

        At the end of subtitle D of title XII, add the following:

     SEC. 1254. ANNUAL REPORT ON UNITED STATES PORTFOLIO 
                   INVESTMENTS IN THE PEOPLE'S REPUBLIC OF CHINA.

       (a) In General.--Not later than one year after the date of 
     the enactment of this Act, and annually thereafter, the 
     Secretary of the Treasury shall submit to Congress a report 
     on portfolio investments by United States persons in the 
     People's Republic of China, including such investments routed 
     through a jurisdiction outside the United States.
       (b) Elements.--Each report required by subsection (a) shall 
     include an assessment of the involvement of the following in 
     portfolio investments in the People's Republic of China:
       (1) United States persons making such investments, 
     including an assessment of--
       (A) the types of United States persons making such 
     investments, including State pension funds; and
       (B) United States persons making more than 2 percent of the 
     total of such investments in a year.
       (2) Chinese entities receiving such investments, including 
     an assessment of--
       (A) such entities in individual sectors of the economic of 
     the People's Republic of China, including the housing sector;
       (B) any Chinese entities subject to sanctions imposed by 
     the United States receiving such investments; and
       (C) Chinese entities that receive more than $100,000,000 
     from such investments.
       (c) Period Covered.--The period covered by a report 
     required by subsection (a) shall be--
       (1) in the case of the first such report, the period 
     beginning on January 1, 2008, and ending on the date of the 
     report; and
       (2) in the case of each subsequent such report, the one-
     year period preceding submission of the report.
       (d) Definitions.--In this section:
       (1) Chinese entity.--The term ``Chinese entity'' means an 
     entity organized under the laws of the People's Republic of 
     China or otherwise subject to the jurisdiction of the 
     Government of the People's Republic of China.
       (2) United states person.--The term ``United States 
     person'' means--
       (A) a United States citizen or an alien lawfully admitted 
     for permanent residence to the United States; or
       (B) an entity organized under the laws of the United States 
     or any jurisdiction within the United States, including a 
     foreign branch of such an entity.
                                 ______