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Restrictions on Funding Projects Involving China

New rules aim to prevent the use of U.S. funds for projects that could directly or indirectly benefit the Chinese government. This means companies and organizations receiving U.S. financial support will need to be careful about who they partner with to avoid violating these rules. It introduces additional requirements for entities using U.S. support.
Key points
Prohibition on using funds or services from the Chinese government or related entities.
Prohibition on supporting individuals connected to Chinese financial institutions or China-controlled entities.
Companies receiving funds must certify in writing that they will not violate these restrictions, or risk losing future support.
The rules aim to protect U.S. investments from being used to benefit China's interests.
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Expired
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Additional Information
Print number: 117_HR_5614
Sponsor: Rep. Cloud, Michael [R-TX-27]
Process start date: 2021-10-19
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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 Better Utilization of Investments Leading to Development Act of 2018 to establish restrictions relating to the People's Republic of China with respect to the provision of support under title II of that Act.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5614.

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 2021-10-19.

What are the main provisions?

Key points include:

  • Prohibition on using funds or services from the Chinese government or related entities.
  • Prohibition on supporting individuals connected to Chinese financial institutions or China-controlled entities.
  • Companies receiving funds must certify in writing that they will not violate these restrictions, or risk losing future support.
  • The rules aim to protect U.S. investments from being used to benefit China's 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. Cloud, Michael [R-TX-27].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Foreign Affairs.

Is this summary verified?

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

CATEGORIES

Public Investments Economy Security