The Protecting American Capital Act requires the U.S. Treasury Department to produce an annual report documenting American investments in China's stock and bond markets, including investments made through foreign intermediaries. The report must identify which U.S. investors are making these investments (with special attention to state pension funds and major investors), which Chinese companies are receiving the money (particularly those over $100 million annually or facing U.S. sanctions), and which economic sectors in China are being funded. The first report must cover investment activity dating back to 2008, and subsequent annual reports will track the previous year's investments. This legislation aims to give Congress and the public transparency into how American capital flows to the Chinese economy, particularly regarding potentially sensitive sectors and sanctioned entities.
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