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To place temporary restrictions on acquisitions by the People's Republic of China, and for other purposes.

Introduced: May 5, 2020 Introduced by: Banks, Jim Republican · Indiana See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 5, 2020
Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, and 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.
May 5, 2020
Introduced in House
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 Plain-English summary Congressional Research Service

This bill requires the Committee on Foreign Investment in the United States to review any purchase by a Chinese entity of a controlling interest in a U.S. company deemed critical to national security, critical infrastructure, or of cultural significance. The President may approve such a purchase only if, among other things, the purchase price was not significantly affected by the COVID-19 (i.e., coronavirus disease 2019) pandemic and the sale will not permit additional access to distribute propaganda or alter U.S. news and media consumption.

The bill's provisions cease to have force or effect once the United States has substantially recovered from the economic impacts of the pandemic.

What's happening now May 5, 2020

Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, and 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 2
All 2 Republican 1
Stewart, Chris
· May 15, 2020
 R
Cole, Tom
Oklahoma · May 12, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6706: To place temporary restrictions on acquisitions by the People's Republic of China, and for other purposes.. 116th Congress. Open America. https://openamerica.io/bill/116-HR-6706/
MLA
"H.R. 6706: To place temporary restrictions on acquisitions by the People's Republic of China, and for other purposes.." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-6706/.
Bluebook (legal)
H.R. 6706, 116th Cong. (2026), https://openamerica.io/bill/116-HR-6706/.
Markdown link
[H.R. 6706: To place temporary restrictions on acquisitions by the People's Republic of China, and for other purposes.](https://openamerica.io/bill/116-HR-6706/)
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