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Increased Oversight of US Investments, Including Pensions, in China

This law requires the US Treasury Secretary to submit annual reports to Congress detailing all portfolio investments made by US persons and entities, including state pension funds, in the People's Republic of China. The goal is to increase transparency regarding how American capital, particularly public retirement funds, is being used, especially concerning sanctioned entities or sensitive sectors. This change is crucial for assessing the financial risk associated with public pension funds.
Key points
The US government must annually report to Congress on the total amount of American capital invested in China.
Reports will specifically track investments made by state pension funds in Chinese entities, including those subject to US sanctions.
This measure aims to provide greater transparency and help assess the financial and security risks associated with public investments.
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Expired
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Additional Information
Print number: 118_S_860
Sponsor: Sen. Scott, Rick [R-FL]
Process start date: 2023-03-16
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Protecting American Capital Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_860.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-03-16.

What are the main provisions?

Key points include:

  • The US government must annually report to Congress on the total amount of American capital invested in China.
  • Reports will specifically track investments made by state pension funds in Chinese entities, including those subject to US sanctions.
  • This measure aims to provide greater transparency and help assess the financial and security risks associated with public investments.
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. Scott, Rick [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 2025-12-27.

CATEGORIES

Economy Public Investments