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New China Economic Data Center: Monitoring Financial Risks.

This act establishes a new center within the Department of Commerce to collect and analyze data on China's economy. This aims to help the U.S. government better understand financial risks related to China and protect American investments, including those from retirement accounts. This can provide citizens with more confidence in the stability of their savings and the overall economic health of the country.
Key points
Establishment of a China Economic Data Coordination Center to monitor Chinese financial markets.
The Center will collect data on debt, loans, foreign exchange reserves, and investments, including those tied to U.S. retirement accounts.
Regular reports and public updates will help citizens and businesses better assess economic risks.
The Treasury Department will develop strategies to respond to potential threats in China's financial system, which could impact global economic stability.
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Additional Information
Print number: 117_HR_3498
Sponsor: Rep. Gonzalez, Anthony [R-OH-16]
Process start date: 2021-05-25
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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

DATA Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3498.

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 2021-05-25.

What are the main provisions?

Key points include:

  • Establishment of a China Economic Data Coordination Center to monitor Chinese financial markets.
  • The Center will collect data on debt, loans, foreign exchange reserves, and investments, including those tied to U.S. retirement accounts.
  • Regular reports and public updates will help citizens and businesses better assess economic risks.
  • The Treasury Department will develop strategies to respond to potential threats in China's financial system, which could impact global economic stability.
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. Gonzalez, Anthony [R-OH-16].

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 2025-12-28.

CATEGORIES

Economy Security Public Investments