GOP Lawmakers Want to Know How Much US Investment Is Supporting China

Published on December 13, 2023

Several Republican lawmakers submitted legislation that attempts to expose how much U.S. investment is flowing to China and supporting sensitive sectors and companies trying to undermine the United States. Sens. Marco Rubio (R-Fla.) and Rick Scott (R-Fla.) introduced the American Investment Accountability Act on Dec. 12. The bill aims to enhance the quality and bolster the frequency of outbound investment data as part of transparency efforts. Additionally, the legislation would mandate that information about U.S. investment in China be given to Congress regularly. The bill proposes to require the Treasury Department to report on portfolio investments that surpass $10 million in a single transaction or $25 million in aggregate. The Department of Commerce would be mandated to report on direct investments exceeding $5 million in a single transaction or $10 million in the aggregate....

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