To protect the national security of the United States by imposing sanctions with respect to certain persons of the People's Republic of China and prohibiting and requiring notifications with respect to certain investments by United States persons 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 protect the national security of the United States by imposing sanctions with respect to certain persons of the People's Republic of China and prohibiting and requiring 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, Government Operations.
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 HB0BD9FD89DBC45A796663063371EED42: 1. Short title; table of contents This title may be cited as the Comprehensive Outbound Investment National Security Act of 2024 or COINS Act of 2024. The...
- Section H4F87DC328D0D48F697C9CE98221A891C: 2. Secretary defined Except as otherwise provided, in this Act, the term Secretary means the Secretary of the Treasury.
- Section H7C92CB513BA74F6C8C39A469A5FB14DF: 3. Severability If any provision of this Act, or the application thereof, is held invalid, the validity of the remainder of this Act and the application of...
- Section HA9005809D0424544B27604234F27151C: 4. Authorization of appropriations There is authorized to be appropriated $150,000,000 to the Department of the Treasury, out of which amounts may be...
- Section HF4DCB67A2C144911B2B99C96740E7E90: 5. Termination This Act shall cease to have any force or effect on the date on which the Secretary of Commerce revises section 791.4 of title 15, Code of...
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 protect the national security of the United States by imposing sanctions with respect to certain persons of the People's Republic of China and prohibiting and requiring 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, Government Operations
Primary Purpose
This bill, To protect the national security of the United States by imposing sanctions with respect to certain persons of the People's Republic of China and prohibiting and requiring 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
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
John Cornyn
R-TX | Primary Sponsor
Legislative Progress
IntroducedMr. Cornyn (for himself and Mr. Scott of South Carolina) …
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
- "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
the list maintained by the Office of Foreign Assets Control of the Department of the Treasury under Executive Order 13959, as amended by Executive Order 14032 (50 U.S.C. 1701 note
the list maintained by the Office of Foreign Assets Control of the Department of the Treasury under Executive Order 13959, as amended by Executive Order 14032 (50 U.S.C. 1701 note
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
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