A bill to restrict the Chinese Government from accessing United States capital markets and exchanges if it fails to comply with international laws relating to finance, trade, and commerce.
Latest Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™This Senate bill, introduced in the 118th Congress, seeks to restrict the Chinese Government from accessing United States capital markets and exchanges if it fails to comply with international laws related to finance, trade, and commerce. The bill aims to use access to U.S. financial markets as leverage to enforce compliance with international financial and trade standards. The bill was read twice and referred to the Senate Committee on Banking, Housing, and Urban Affairs but ultimately failed or expired without further action. No full text or detailed summary is available to provide specifics on enforcement mechanisms or definitions of compliance.
The bill proposes restricting Chinese government access to U.S. capital markets based on compliance with international finance and trade laws but did not advance beyond committee referral and expired.
- The bill targets the Chinese Government's access to U.S. capital markets and exchanges.
- Restriction is conditioned on failure to comply with international laws concerning finance, trade, and commerce.
- The bill was referred to the Senate Committee on Banking, Housing, and Urban Affairs but did not progress further.
['U.S. financial regulatory agencies tasked with market oversight', 'U.S. investors and market participants seeking compliance with international trade and finance standards', 'Potentially U.S. industries affected by international trade and finance relations']
['Lack of detailed enforcement provisions or definitions of compliance in the available text may complicate implementation.', 'Potential challenges in verifying compliance with international laws and determining thresholds for restricting market access.', 'Possible diplomatic and economic repercussions from restricting a major foreign government’s access to U.S. capital markets.']
The bill was introduced during the 118th Congress and referred to the Senate Committee on Banking, Housing, and Urban Affairs. It aligns with ongoing legislative efforts to address international trade and finance compliance issues involving China. The bill did not advance beyond committee referral and is currently classified as failed or expired.
Hidden impact flags detected: 2
GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
['Potential shifts in international financial relations between the U.S. and China.', "Possible influence on other countries' policies regarding market access and compliance enforcement.", 'Impact on multinational corporations and investors with exposure to Chinese markets.']
The absence of a full bill text and official summary limits detailed analysis of enforcement mechanisms and compliance definitions. Transparency regarding how compliance with international laws is assessed and enforced is critical for oversight. The bill's referral to the Senate Committee on Banking, Housing, and Urban Affairs indicates the relevant oversight jurisdiction. Monitoring future legislative efforts on similar topics is recommended.
GovScope Intelligence Roadmap
Future bill intelligence will connect sponsors, committee referrals, related votes, campaign finance, disclosures, and stock trades into one legislative intelligence view.