Washington, D.C. - Today, Congresswoman Elise Stefanik and Senator Marco Rubio (R-FL) introduced the American Investment Accountability Act to increase visibility into how U.S. investments are contributing to the advancement of our adversaries’ capabilities.
“I am proud to introduce the American Investment Accountability Act to ensure that there is accurate and timely information on the true scope and nature of American investments into Communist China and other adversarial countries,” said Congresswoman Elise Stefanik. “The current reports done by the Biden Administration’s Commerce and Treasury Departments are insufficient and leave Americans vulnerable. We must have greater visibility into how U.S. investment is strengthening the capabilities of our adversaries.”
“Our current investment reporting policies have critical information gaps. This bill would ensure that policymakers have access to accurate data on investments by Americans into Communist China,” said Senator Marco Rubio.
Specifically, the American Investment Accountability Act would require:
- Treasury to report on portfolio investments that exceed $10 million in a single transaction or $25 million in aggregate.
- Commerce to report on direct investments that exceed $5 million in a single transaction or $10 million in aggregate
- Both Treasury and Commerce to apply national corrections to their data to monitor the true level of investment into countries of concern
- Both Treasury and Commerce to breakdown investment flows by economic sector and disclose investments into sanctioned entities
- The SEC to report joint ventures, mergers and acquisitions, spin-offs, and greenfield investments into countries of concern.
Rep. Stefanik was joined by Reps. Robert Wittman (R-VA), Ashley Hinson (R-IA), Byron Donalds (R-FL).
