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HR 4433 105th Congress House Foreign Trade and International Finance Alien property American investments Armed Forces and National Security Arms sales Bank loans China Civil-military relations Commerce Corporate divestiture Corporate management Corporation directors Crime and Law Enforcement Defense industries East Asia Export controls Finance and Financial Sector Fines (Penalties) Foreign corporations Foreign investments

Trading With the Communist Chinese Military Act of 1998

Introduced: August 6, 1998 See on congress.gov
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 Everywhere this bill has been 7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 15, 1998
Executive Comment Requested from DOD.
Aug 6, 1998
Referred to House National Security
Aug 6, 1998
Referred to House Ways and Means
Aug 6, 1998
Referred to House International Relations
Aug 6, 1998
Referred to the Committee on Commerce, and in addition to the Committees on International Relations, Ways and Means, and National Security, 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.
Aug 6, 1998
Referred to House Commerce
Aug 6, 1998
Introduced in House
 Plain-English summary Congressional Research Service

Trading With the Communist Chinese Military Act of 1998 - Directs the Secretary of Defense to compile, publish, and update continuously a list of Communist Chinese military companies owned or controlled by the People's Liberation Army and operating directly or indirectly in the United States or any of its territories and possessions.

Makes it unlawful for any person to serve as an officer, director, or other manager of any office or business in the United States or its territories or possessions that is owned, operated, or controlled by a Communist Chinese military company. Directs the President by regulation to require the closing and divestiture of such offices and businesses.

Prohibits the importation into the United States of goods or services that are the growth, product, or manufacture of a Communist Chinese military company.

Makes it unlawful for any U.S. person to: (1) make a loan or extend credit to any Communist Chinese military company; (2) acquire an ownership interest in such a company; or (3) export to such a company any item on the U.S. Munitions List.

Exempts from the application of this Act any transaction which the President determines (and reports to the Congress) to involve the transfer of food, clothing, medicine, or emergency supplies intended to relieve human suffering.

Sets forth penalties for violations of this Act.

What's happening now September 15, 1998

Executive Comment Requested from DOD.

 Committees of jurisdiction 4
 Cosponsors 2
All 2 Democratic 2