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Compensation for Americans Act of 2021

Introduced: June 14, 2021 Introduced by: Wagner, Ann Republican · Missouri See on congress.gov

Everywhere this bill has been 4 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jun 15, 2021

Referred to the Subcommittee on Health.

Jun 14, 2021

Referred to the Committee on Foreign Affairs, and in addition to the Committees on Oversight and Reform, the Judiciary, Financial Services, Energy and Commerce, Armed Services, and Ways and Means, 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.

Jun 14, 2021

Referred to the Subcommittee on Trade.

Jun 14, 2021

Introduced in House

Plain-English summary Congressional Research Service

Compensation for Americans Act of 2021

This bill requires the Department of State to negotiate with China to secure compensation for China's distortion of information related to the spread of COVID-19. The bill also contains other China-related provisions, such as those imposing sanctions on certain Chinese individuals and entities.

As part of such negotiations, the President shall (1) freeze Chinese assets subject to U.S. jurisdiction; (2) suspend the required review of any proposed acquisition of a U.S. entity by a Chinese entity; (3) impose sanctions on Chinese entities in certain industries, such as artificial intelligence and pharmaceuticals; (4) impose sanctions on various individuals, including Chinese government officials and Chinese citizens responsible for stealing intellectual property from U.S. entities; and (5) prohibit using federal funds to procure goods manufactured or sourced from a Chinese company, if such goods pose a supply chain risk to U.S. national security.

The President may terminate such prohibitions and sanctions if China and the United States come to an agreement regarding compensation related to COVID-19.

The Department of the Treasury shall establish a public repository with information about entities that are owned, financed, or controlled by the Chinese government.

Other provisions in this bill include (1) imposing export controls on telecommunications equipment that would help China carry out censorship or surveillance, (2) banning researchers affiliated with China's military from obtaining visas, and (3) requiring U.S. World Bank representatives to end China's eligibility for World Bank assistance.

What's happening now June 15, 2021

Referred to the Subcommittee on Health.

Committees of jurisdiction 9