Skip to main content
HR 499 118th Congress House Finance and Financial Sector

SAFE from PRC Investments Act

Introduced: February 24, 2023 Introduced by: Fallon, Pat Republican · Texas See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Jan 25, 2023
Referred to the House Committee on Financial Services.
Jan 25, 2023
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Securing American Families and Enterprises from People's Republic of China Investments Act or the SAFE from PRC Investments Act

This bill requires certain issuers of securities and funds traded on an exchange to report on connections to China or the Communist Party of China. In particular, an issuer with specified connections to China must annually disclose a variety of details, including

  • whether executive-level employees, senior directors, or board members are members of the Communist Party of China;
  • interactions with the party;
  • expenditures in China;
  • expenditures in the United States regarding operations and lobbying activities; and
  • the ability of the Public Company Accounting Oversight Board to audit the issuer.

Additionally, an exchange-traded fund that invests in a Chinese company must annually disclose about that company

  • ownership information,
  • party involvement,
  • whether the company participates in specified Chinese policies or activities,
  • any ties to U.S.-sanctioned individuals, and
  • the types of products or services produced by the company.
What's happening now January 25, 2023

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Republican 5
R
Donalds, Byron
Florida · Feb 24, 2023
 R
De La Cruz, Monica
Texas · Jan 27, 2023
 R
Amodei, Mark E.
Nevada · Jan 25, 2023
 R
Ellzey, Jake
Texas · Jan 25, 2023
 R
Jackson, Ronny
Texas · Jan 25, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 499: SAFE from PRC Investments Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-499/
MLA
"H.R. 499: SAFE from PRC Investments Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-499/.
Bluebook (legal)
H.R. 499, 118th Cong. (2026), https://openamerica.io/bill/118-HR-499/.
Markdown link
[H.R. 499: SAFE from PRC Investments Act](https://openamerica.io/bill/118-HR-499/)
Report a problem