A bill to require the Committee on Foreign Investment in the United States to consider whether a foreign person that is a party to a transaction undergoing review by the Committee is connected to a foreign country that has installed information and communications technology designed, developed, manufactured, or supplied by persons owned or controlled by, or subject to the jurisdiction or direction of, a foreign adversary, and for other purposes.
Protecting America From Foreign Investors Compromised by the Chinese Communist Party Act of 2020
This bill requires the Committee on Foreign Investment in the United States to consider whether and how the connection of a foreign person to the telecommunications infrastructure of a foreign country or government may affect U.S. national security. In addition, the President must report on U.S. coordination with trade and investment partners to develop alternatives to telecommunications infrastructure that is supported by China.
Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, and Energy and Commerce, 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.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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