To encourage State and local governments to prohibit certain investment activities in the People’s Republic of China, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To encourage State and local governments to prohibit certain investment activities in the People’s Republic of China, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Foreign Policy, Immigration.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H6A72CACC670B4AA8A1BC1907ADD8938A: 1. Short title This Act may be cited as the PRC Accountability and Divestment Act of 2023.
- Section HBF9FC1C516F64CD8BE40408CC840568F: 2. Authority of State or local governments to divest from certain entities that invest in China It is the sense of Congress that the United States should...
- Section H5DE8901FEA0B4B17A28496E1472CA060: 3. Safe harbor for changes of investment policies by asset managers Section 13(c)(1) of the Investment Company Act of 1940 (15 U.S.C. 80a–13(c)(1)) is amended—...
- Section H01F0E64876144DC0A2EDD78366B83927: 4. Sense of Congress regarding certain ERISA plan investments It is the sense of Congress that a fiduciary of an employee benefit plan, as defined in section...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To encourage State and local governments to prohibit certain investment activities in the People’s Republic of China, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Foreign Policy, Immigration
Primary Purpose
This bill, To encourage State and local governments to prohibit certain investment activities in the People’s Republic of China, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Johnson of South Dakota (for himself, Mr. Moolenaar, Mr. …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → The commission identified in the operative section
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology