S5598-118

Introduced

To prohibit and require notifications with respect to certain investments by United States persons in the People's Republic of China, and for other purposes.

118th Congress Introduced Dec 18, 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 prohibit and require notifications with respect to certain investments by United States persons 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, Technology, Trade.

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 HED6A44C09C3C4764830FB5F6B9144A42: 1. Prohibition and notification on investments relating to covered national security transactions The Defense Production Act of 1950 (50 U.S.C. 4501 et seq.)...
  • Section H9F32FA3D352C494AAFB4174ABC3B77EE: 801. Prohibition on investments The Secretary may prohibit, in accordance with regulations issued under subsection (e), a United States person from knowingly...
  • Section HC437B0137F5F4304AC2FE81257B0939F: 802. Notification on investments Not later than 450 days after the date of the enactment of this title, the Secretary shall issue regulations prescribed in...
  • Section H5BC7A65EF0804460856EED5FA39EC06E: 803. Report Not later than one year after the date on which the regulations issued under section 801(e) take effect, and not less frequently than annually...
  • Section H997436321E9B495DB3E923F6E73E0F50: 804. Multilateral engagement and coordination The Secretary, in coordination with the Secretary of State, the Secretary of Commerce, and the heads of other...

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 prohibit and require notifications with respect to certain investments by United States persons 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, Technology, Trade

Primary Purpose

This bill, To prohibit and require notifications with respect to certain investments by United States persons 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

Finance Technology Trade

Whole bill

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

Legislative Progress

Introduced
Introduced Committee Passed
Dec 18, 2024

Mr. Cornyn (for himself, Mr. Casey, and Mr. Sullivan) introduced …

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 Technology Trade
Actor Mappings
"the_commission"
→ The commission identified in the operative section
"secretary_of_energy"
→ Secretary of Energy
"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

2 terms
"Secretary" §HED6A44C09C3C4764830FB5F6B9144A42

the Secretary of the Treasury. The term United States person means— any United States citizen or an alien lawfully admitted for permanent residence to the United States

"Secretary" §HF4661F8C052A43029A9783D2A42E1D66

the Secretary of the Treasury. The term United States person means— any United States citizen or an alien lawfully admitted for permanent residence to the United States

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