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Prohibiting Investments in Chinese Military Companies and Pension Fund Changes

This act aims to restrict financial flows to Chinese military companies. It prohibits trading their securities on U.S. exchanges and bans investments in them by investment companies, insurance companies, and retirement plans. This means your retirement savings will not be able to be invested in these companies, aiming to protect U.S. interests.
Key points
Prohibits trading of securities of certain Chinese military companies on U.S. exchanges one year after enactment.
Investment companies and insurance companies are barred from investing in these entities.
Federal funds cannot be used for contracts or purchasing agreements with these companies.
Retirement plans, including IRAs, are prohibited from investing in Chinese military companies, potentially affecting your investment options for savings.
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Expired
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Additional Information
Print number: 117_HR_1562
Sponsor: Rep. Gallagher, Mike [R-WI-8]
Process start date: 2021-03-03
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

American Financial Markets Integrity and Security Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1562.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-03.

What are the main provisions?

Key points include:

  • Prohibits trading of securities of certain Chinese military companies on U.S. exchanges one year after enactment.
  • Investment companies and insurance companies are barred from investing in these entities.
  • Federal funds cannot be used for contracts or purchasing agreements with these companies.
  • Retirement plans, including IRAs, are prohibited from investing in Chinese military companies, potentially affecting your investment options for savings.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Gallagher, Mike [R-WI-8].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

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

CATEGORIES

Economy Security