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HR 3011 117th Congress House International Affairs

Holding Chinese Military Companies Accountable Act

Introduced: May 7, 2021 Introduced by: Banks, Jim Republican · Indiana See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 7, 2021
Referred to the House Committee on Foreign Affairs.
May 7, 2021
Introduced in House
 Plain-English summary Congressional Research Service

Holding Chinese Military Companies Accountable Act

This bill expands the definition of a Communist Chinese military company and addresses related issues. (Current law authorizes the President to exercise certain economic powers, such as investigating or prohibiting payments, involving a person designated a Communist Chinese military company.)

Under this bill, the Department of Defense (DOD) shall apply the designation to a person (i.e., an individual or entity) with significant investments in certain technology sectors, such as fifth-generation wireless communications or artificial intelligence, if the person is owned by, controlled by, or affiliated with the Chinese Communist Party or any person who has ever been a delegate to the National People's Congress.

The bill also requires DOD to continue making periodic determinations regarding such designations until December 31, 2026.

What's happening now May 7, 2021

Referred to the House Committee on Foreign Affairs.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2