What is the official ID of this bill?

The official print number for this legislation is HR 1092.

When did the legislative process begin?

The process officially started on 2021-02-18.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/117/bills/hr1092/BILLS-117hr1092ih.htm

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

Who is the primary sponsor?

The primary sponsor is Rep. Banks, Jim [R-IN-3].

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Consumer Protection and Commerce.

Analysis and Potential Impact of HR 1092

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

Restrictions on Chinese Acquisitions of US Companies

Q: What are the main provisions?

Key points include: Prohibits Chinese entities from acquiring controlling interests in critical US companies (infrastructure, media, national security). The President can waive the restriction only under specific conditions, such as the purchase price not being significantly affected by COVID-19 and no risk of propaganda. These restrictions will remain in effect until the President determines the US has substantially recovered economically from the COVID-19 pandemic.

New rules temporarily restrict acquisitions of US companies, especially those critical to national security, infrastructure, or media, by entities linked to the Chinese government. This aims to protect US interests, particularly concerning the impact of the COVID-19 pandemic and potential propaganda dissemination. Citizens may experience increased security in strategic sectors.

Key points

Prohibits Chinese entities from acquiring controlling interests in critical US companies (infrastructure, media, national security).

The President can waive the restriction only under specific conditions, such as the purchase price not being significantly affected by COVID-19 and no risk of propaganda.

These restrictions will remain in effect until the President determines the US has substantially recovered economically from the COVID-19 pandemic.

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Status:

Expired

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Additional Information

To place temporary restrictions on acquisitions by the People's Republic of China, and for other purposes.

Print number: HR 1092

Sponsor: Rep. Banks, Jim [R-IN-3]

Process start date: 2021-02-18

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

Summarized by: gemini-2.5-flash-preview-05-20

Source data: api.congress.gov

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Restrictions on Chinese Acquisitions of US Companies

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