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Prohibiting Investments in Chinese Military Companies and Pension Fund Changes.

This act aims to restrict the flow of money to Chinese military companies by banning their securities from being traded on U.S. exchanges. It also introduces changes that may affect what your retirement and insurance funds can invest in, protecting your savings from risks associated with these companies.
Key points
Prohibits trading of securities of certain Chinese military companies on U.S. national exchanges.
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.
Changes to retirement plans (like 401(k)s and IRAs) and employee benefit plans to prevent investments in these entities.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_570
Sponsor: Sen. Rubio, Marco [R-FL]
Process start date: 2021-03-03
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

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_S_570.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

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. national exchanges.
  • 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.
  • Changes to retirement plans (like 401(k)s and IRAs) and employee benefit plans to prevent investments in these entities.
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 Sen. Rubio, Marco [R-FL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Security Public Investments