Increased Monitoring of US Investments in Foreign Adversary Countries
This law mandates extensive monitoring and reporting by large US businesses and government agencies regarding significant investments in countries deemed foreign adversaries, such as China and Russia. The goal is to increase transparency of capital flows to protect national security and identify financial ties that pose risks. While not directly affecting personal finances, the act aims to safeguard the US economy from adverse foreign influence.
Key points
Establishes quarterly reporting requirements for US government agencies (Commerce, Treasury, SEC) on investments in China, Russia, Iran, North Korea, Cuba, and Venezuela.
Reporting applies to large US companies and financial institutions making substantial investments (above set thresholds) in entities controlled by these countries.
The purpose is to identify and track capital flows that could pose a threat to the national security of the United States.
Expired
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