HR7476-118

Introduced

To counter the malign influence and theft perpetuated by the People’s Republic of China and the Chinese Communist Party.

118th Congress Introduced Feb 29, 2024

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 counter the malign influence and theft perpetuated by the People’s Republic of China and the Chinese Communist Party., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Foreign Policy, Technology.

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 HD3A53C6AE154485A8180386668D11803: 1. Short title; table of contents This Act may be cited as the Countering Communist China Act. The table of contents of this Act is as follows:
  • Section H8D55D0AB2CEF44DE9A80EB7C5336DA4E: 2. Findings Congress finds the following: The People’s Republic of China and the Chinese Communist Party represent the foremost national security threat faced...
  • Section HDDC832FE90D14DCD95CB1E03C347C662: 3. Severability If any provision of this Act, or an amendment made by this Act, or the application of such provision or amendment to any person or...
  • Section H689109AAFAA44D978170585A966D79FF: 101. Preventing adversaries from developing critical capabilities This section may be cited as the Preventing Adversaries from Developing Critical Capabilities...
  • Section HE37D0B9C5F654538939090D794FADA56: 102. Sanctions with respect to Communist Chinese military and surveillance companies Not later than 180 days after the date of the enactment of this Act, the...

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 counter the malign influence and theft perpetuated by the People’s Republic of China and the Chinese Communist Party., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Key Policy Areas

Finance, Foreign Policy, Technology

Primary Purpose

This bill, To counter the malign influence and theft perpetuated by the People’s Republic of China and the Chinese Communist Party., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Policy Domains

Finance Foreign Policy Technology

Whole bill

Identified Gains
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
financial institutions, investors, and borrowers: ,
Identified Costs
  • federal implementing agencies
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
federal implementing agencies: ,
financial institutions, investors, and borrowers: ,

Legislative Progress

Introduced
Introduced Committee Passed
Feb 29, 2024

Mr. Hern (for himself, Mr. Wilson of South Carolina, 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?

Domains
Finance Foreign Policy Technology
Actor Mappings
"the_commission"
→ The commission identified in the operative section
"secretary_of_defense"
→ Secretary of Defense
"secretary_of_commerce"
→ Secretary of Commerce
"secretary_of_treasury"
→ Secretary of the Treasury

Key Definitions

Terms defined in this bill

12 terms
"China tariff legislation" §H16B3FABBDA7744BB8878FAEF9734620E

only a bill of either House of Congress— the title of which is as follows: A bill to set tariff schedules with regards to the People’s Republic of China

"state sponsor of terrorism" §H6919CE73C2F24A70ADFD56E24975553C

a country the government of which the Secretary of State determines has repeatedly provided support for international terrorism pursuant to— section 1754(c)(1)(A) of the Export Control Reform Act of 2018 (50 U.S.C. 4813(c)(1)(A))

"gift" §H79E6B1BF043E44FFADBB1FF39227E79D

any gift of money, property, resources, staff, or services

"covered security" §H868A1B4A319A49828B4F48D34336D431

a security that— as of the date on which a covered transaction is executed with respect to the security, is listed on a covered exchange

"restricted or conditional gift or contract" §H9006E6EB5C684611BEAF28B3EEC5A1A9

any endowment, gift, grant, contract, award, present, or property of any kind which includes provisions regarding— the employment, assignment, or termination of faculty

"covered exempted transaction" §H932D0C5B3F5C49558B956D3932E8A66A

an offer or sale of a security that is— exempt from registration under section 5 of the Securities Act of 1933 (15 U.S.C. 77e)

"institution of higher education" §H98CE700100DF4668A7AFF5C0A05D1ED4

any institution, public or private, or, if a multicampus institution, any single campus of such institution, in any State— that is legally authorized within such State to provide a program of education beyond secondary school

"CCP-funded instructor" §HC1886818FD3D46EBB8E7BBFC059F9092

a professor, teacher, or any other individual who— provides instruction directly to the students of an institution of higher education

"foreign person" §HE37D0B9C5F654538939090D794FADA56

an individual or entity that is not a United States person

"United States taypayer-funded research" §HFE67955DB9A24E0F9EFE02F44DE99C17

research— funded by a grant from the Federal Government or a State government

"restricted or conditional gift or contract" §id3a8078bbe6f74250ae1e90ef6ab956b6

any endowment, gift, grant, contract, award, present, or property of any kind which includes provisions regarding— the employment, assignment, or termination of faculty

"covered exempted transaction" §id4364adafc454450a904a33ea013086a5

an offer or sale of a security that is— exempt from registration under section 5 of the Securities Act of 1933 (15 U.S.C. 77e)

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