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Voters should care because this bill aims to reshape how U.S. money flows globally, specifically to prevent it from unknowingly or unintentionally boosting countries or entities that could undermine U.S. national security. If this bill becomes law, it means a tighter control over where American investment dollars can go, especially into advanced technologies in countries like China. This could limit the growth of certain foreign sectors that have historically benefited from U.S. capital, such as artificial intelligence or advanced computing, if those sectors are deemed a national security risk.
If it doesn't become law, the current system for outbound investments would remain, meaning there would be fewer government restrictions or notification requirements on where U.S. entities can invest abroad. This bill reflects a growing concern in Washington about economic competition and the potential for U.S. capital to fuel the technological and military advancements of foreign adversaries, particularly China. Its passage would signal a significant shift towards using investment policy as a tool for national security.
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Voters should care because this bill aims to reshape how U.S. money flows globally, specifically to prevent it from unknowingly or unintentionally boosting countries or entities that could undermine U.S. national security. If this bill becomes law, it means a tighter control over where American investment dollars can go, especially into advanced technologies in countries like China. This could limit the growth of certain foreign sectors that have historically benefited from U.S. capital, such as artificial intelligence or advanced computing, if those sectors are deemed a national security risk.
If it doesn't become law, the current system for outbound investments would remain, meaning there would be fewer government restrictions or notification requirements on where U.S. entities can invest abroad. This bill reflects a growing concern in Washington about economic competition and the potential for U.S. capital to fuel the technological and military advancements of foreign adversaries, particularly China. Its passage would signal a significant shift towards using investment policy as a tool for national security.
An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)
An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)
| AMOUNT | PROGRAM | TYPE | YEARS |
|---|---|---|---|
| $150,000,000 | Department of the Treasury (with transfers to Department of Commerce for outreach and administration) | discretionary | Each of the first two fiscal years beginning on or after the date of enactment. |
An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)
| TYPE | AMOUNT | WHO |
|---|---|---|
| civil | As provided in subsections (b) and (c) of section 206 of the International Emergency Economic Powers Act (50 U.S.C. 1705) (e.g., civil fines up to $356,579 or twice the transaction value, whichever is greater). | Any person who violates, attempts to violate, conspires to violate, or causes a violation of any prohibition of the sanctions section (Sec. 201), or an order or regulation prescribed under it. |
| criminal | As provided in subsections (b) and (c) of section 206 of the International Emergency Economic Powers Act (50 U.S.C. 1705) (e.g., fines up to $1 million, and/or up to 20 years in prison). | Any person who violates, attempts to violate, conspires to violate, or causes a violation of any prohibition of the sanctions section (Sec. 201), or an order or regulation prescribed under it. |