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Disclosing Investments in Foreign Adversaries Act of 2023

The Act requires the Securities and Exchange Commission (SEC) to amend rules regarding disclosures by private fund advisers. Covered entities must annually disclose private fund assets located in 'countries of concern.' The SEC is mandated to publish annual reports on these entities. Additionally, the Act establishes reporting requirements for issuers conducting certain exempted transactions if they are associated with or intend to invest in these countries.
Key points
Investment funds must annually disclose the total value and percentage of assets invested in countries designated as countries of concern.
The SEC will publicly report which entities and advisers invest in these countries.
New reporting requirements apply to exempted transactions of at least $25 million (or $50 million in aggregate annually) if the issuer is linked to or intends to invest proceeds in a country of concern.
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Additional Information
Print number: 118_S_3286
Sponsor: Sen. Casey, Robert P., Jr. [D-PA]
Process start date: 2023-11-09
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Disclosing Investments in Foreign Adversaries Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3286.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-11-09.

What are the main provisions?

Key points include:

  • Investment funds must annually disclose the total value and percentage of assets invested in countries designated as countries of concern.
  • The SEC will publicly report which entities and advisers invest in these countries.
  • New reporting requirements apply to exempted transactions of at least $25 million (or $50 million in aggregate annually) if the issuer is linked to or intends to invest proceeds in a country of concern.
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. Casey, Robert P., Jr. [D-PA].

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 2025-12-30.

CATEGORIES

Economy Security