The American Investment Accountability Act requires the federal government to closely monitor and report on U.S. investments flowing into foreign adversary nations and their controlled entities. Specifically, the Secretaries of Commerce and Treasury, along with the Securities and Exchange Commission, must submit detailed reports to Congress every 90 days identifying direct investments, portfolio investments, and business transactions involving adversary countries (China, Russia, Iran, North Korea, Cuba, and Venezuela) and entities controlled by these governments, with special attention to major deals exceeding certain thresholds and investments routed through offshore financial centers. The legislation applies to large U.S. businesses and corporations with substantial foreign ownership but exempts small businesses, and it requires these initial reports within one year of enactment, then quarterly thereafter. The bill creates transparency around American capital flowing to hostile nations without directly restricting investments but giving Congress the information needed to understand the scope and nature of these financial ties.
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