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Limiting Financial Aid to State-Owned Enterprises from Certain Countries

New rules restrict public funds from going to companies owned or controlled by governments of countries identified as non-market economies, violating trade laws, or under US monitoring. This aims to protect American businesses and jobs from unfair competition, indirectly affecting economic stability and product availability.
Key points
US government funds will not be used for contracts, grants, or loans to companies linked to governments of non-market economy countries.
This applies to countries identified for intellectual property violations or under special US trade monitoring.
The goal is to promote fair competition and protect American economic interests.
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Expired
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Additional Information
Print number: 117_HR_3719
Sponsor: Rep. Maloney, Sean Patrick [D-NY-18]
Process start date: 2021-06-04
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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

To amend the Continuing Appropriations Act, 2021 and Other Extensions Act to limit financial assistance provided to State-owned enterprises, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3719.

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 2021-06-04.

What are the main provisions?

Key points include:

  • US government funds will not be used for contracts, grants, or loans to companies linked to governments of non-market economy countries.
  • This applies to countries identified for intellectual property violations or under special US trade monitoring.
  • The goal is to promote fair competition and protect American economic interests.
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. Maloney, Sean Patrick [D-NY-18].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Public Investments