AI Summary

The "China Financial Threat Mitigation Act of 2023" aims to address financial threats posed by China. The bill includes provisions to enhance oversight of Chinese investments in the U.S., prevent technology transfer that could compromise national security, and strengthen measures against illicit financial activities linked to China. It also seeks to bolster cooperation with allies to collectively counter China's economic influence. Overall, the bill intends to safeguard U.S. financial interests and national security against risks associated with China's economic practices.

Bill Activity

2023-02-24: Introduced in House
2023-02-24: Referred to the House Committee on Financial Services.
2023-02-28: Committee Consideration and Mark-up Session Held.
2023-02-28: Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 40 - 0.
2023-05-22: Reported (Amended) by the Committee on Financial Services. H. Rept. 118-72.
2023-05-22: Placed on the Union Calendar, Calendar No. 52.
2023-05-22: Mr. Luetkemeyer moved to suspend the rules and pass the bill, as amended.
2023-05-22: Considered under suspension of the rules. (consideration: CR H2471-2472)
2023-05-22: DEBATE - The House proceeded with forty minutes of debate on H.R. 1156.
2023-05-22: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
2023-05-22: Considered as unfinished business. (consideration: CR H2483-2484)
2023-05-22: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 5 (Roll no. 229). (text: CR H2471)
2023-05-22: Motion to reconsider laid on the table Agreed to without objection.
2023-05-30: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.