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S. 570 117th Congress Senate

American Financial Markets Integrity and Security Act

Official title: A bill to prohibit the trading of the securities of certain Communist Chinese military companies on a national securities exchange, and for other purposes.

Introduced: March 3, 2021 See on congress.gov
Finance and Financial Sector AsiaChinaCongressional oversightCorporate finance and management
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Employee benefits and pensionsFinancial services and investmentsForeign and international corporationsGovernment studies and investigationsIncome tax deferralInsurance industry and regulationIntelligence activities, surveillance, classified informationInternational monetary system and foreign exchangeMilitary civil functionsMilitary procurement, research, weapons developmentSecuritiesU.S. and foreign investments
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Mar 3, 2021
Read twice and referred to the Committee on Finance.
Mar 3, 2021
Introduced in Senate
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 Latest action March 3, 2021

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

American Financial Markets Integrity and Security Act

This bill generally prohibits investments in certain Chinese military companies and entities reasonably believed to be involved in activities contrary to the national security or foreign policy interests of the United States. These entities may not sell securities to U.S. markets. Investment companies, insurance companies, and retirement plans are prohibited from investing in these entities. The bill also prohibits the use of federal funds to enter into or renew a contract with these entities.

Furthermore, the Department of Commerce and the Office of the Director of National Intelligence—in addition to the Department of Defense as under current law—are allowed to add entities to the list of Chinese military companies.

 Related & companion bills 2
  • HR 1562 Identical bill American Financial Markets Integrity and Security Act
  • HR 7457 Hold CCP Accountable Act of 2022
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Republican 4
R
Young, Todd
Indiana · Feb 3, 2022
 R
Cotton, Tom
Arkansas · Mar 3, 2021
 R
Kennedy, John
Louisiana · Mar 3, 2021
 R
Scott, Rick
Florida · Mar 3, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 570: American Financial Markets Integrity and Security Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-570/
MLA
"S. 570: American Financial Markets Integrity and Security Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-570/.
Bluebook (legal)
S. 570, 117th Cong. (2026), https://openamerica.io/bill/117-S-570/.
Markdown link
[S. 570: American Financial Markets Integrity and Security Act](https://openamerica.io/bill/117-S-570/)
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