To prohibit the listing of certain firms on national securities exchanges, to provide for expensing of costs directly connected with moving manufacturing from China to the United States, to establish a counterintelligence vetting task force, and for other purposes.
Cage the Paper Tiger Act of 2020
This bill directs the Department of Homeland Security to take various actions related to counterintelligence activities, such as identifying academic fields that are sensitive for homeland security and counterintelligence purposes. The bill also requires a national securities exchange to prohibit the initial listing of a security if the issuer files with the Securities and Exchange Commission an audit report prepared by a foreign public accounting firm that the Public Accounting Oversight Board is unable to inspect or investigate. In addition, the bill allows an eligible taxpayer to expense certain costs associated with moving manufacturing capacity from China to the United States.
Referred to the Subcommittee on Oversight, Management, and Accountability.
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Introduced in House
Introduced in House
Referred to the Committee on Homeland Security, and in addition to the Committees on Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Homeland Security, and in addition to the Committees on Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Homeland Security, and in addition to the Committees on Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Intelligence and Counterterrorism.
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