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 28, 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

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.

Apr 23, 2020

Introduced in House

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Plain-English summary Congressional Research Service

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 April 23, 2020

Bill text 1 version