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S. 860 118th Congress Senate

Protecting American Capital Act of 2023

Official title: A bill to require an annual report on United States portfolio investments in the People's Republic of China, and for other purposes.

Introduced: March 16, 2023 Introduced by: Rick Scott Republican · Florida See on congress.gov
Finance and Financial Sector
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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
Mar 16, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 16, 2023
Introduced in Senate
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 Latest action March 16, 2023

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Protecting American Capital Act of 2023

This bill requires the Department of the Treasury to annually report to Congress on U.S. portfolio investments in China. The report must include

  • the U.S. persons making the investments, including state pension funds and those making more than 2% of the total annual investments; and
  • the Chinese entities receiving the investments, including Chinese entities subject to U.S. sanctions and Chinese entities receiving more than $100 million.

The initial report must include investment information back to January 1, 2008.

 Related & companion bills 2
  • HR 7476 Countering Communist China Act
  • S 4586 Stop Funding the CCP through A-Shares Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Shaheen, Jeanne
New Hampshire · Mar 16, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. 860: Protecting American Capital Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-S-860/
MLA
"S. 860: Protecting American Capital Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-860/.
Bluebook (legal)
S. 860, 118th Cong. (2026), https://openamerica.io/bill/118-S-860/.
Markdown link
[S. 860: Protecting American Capital Act of 2023](https://openamerica.io/bill/118-S-860/)
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