HR 6598
116th Congress
House
Foreign Trade and International Finance
Asia
Cardiovascular and respiratory health
China
Congressional oversight
Corporate finance and management
Economic performance and conditions
Emergency medical services and trauma care
Financial services and investments
Foreign and international corporations
Government lending and loan guarantees
Infectious and parasitic diseases
Intellectual property
International exchange and broadcasting
U.S. and foreign investments
SOS ACT Act
Introduced: April 23, 2020
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 23, 2020
Introduced in House
Apr 23, 2020
Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, 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.
Plain-English summary
Secure Our Systems Against China's Tactics Act or the SOS ACT Act
This bill authorizes the Department of the Treasury to temporarily guarantee up to 50% of an investment made during the public health emergency declared due to COVID-19 (i.e., coronavirus disease 2019) in a business that (1) incurred losses due to COVID-19, (2) advances a national security interest, and (3) is susceptible to being purchased by a Chinese entity.
What's happening now
Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, 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.
Committees of jurisdiction
2