US HB6598 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 9-0)
Status: Introduced on April 23 2020 - 25% progression, died in committee
Action: 2020-04-23 - Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 23 2020 - 25% progression, died in committee
Action: 2020-04-23 - Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Authorizes the Department of the Treasury to temporarily guarantee up to 50% of an investment made during the public health emergency declared due to COVID-19 (i.e., coronavirus disease 2019) in a business that (1) incurred losses due to COVID-19, (2) advances a national security interest, and (3) is susceptible to being purchased by a Chinese entity.
Title
SOS ACT Act Secure Our Systems Against China’s Tactics Act
Sponsors
| Rep. Mark Green [R-TN] | Rep. Tim Burchett [R-TN] | Rep. James Hagedorn [R-MN] | Rep. Kevin Hern [R-OK] |
| Rep. Greg Murphy [R-NC] | Rep. Guy Reschenthaler [R-PA] | Rep. Ron Wright [R-TX] | Rep. Troy Balderson [R-OH] |
| Rep. Alexander Mooney [R-WV] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-04-23 | House | Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
| 2020-04-23 | House | Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
| 2020-04-23 | House | Introduced in House |
Subjects
Asia
Cardiovascular and respiratory health
China
Congressional oversight
Corporate finance and management
Economic performance and conditions
Emergency medical services and trauma care
Financial services and investments
Foreign and international corporations
Foreign trade and international finance
Government lending and loan guarantees
Infectious and parasitic diseases
Intellectual property
International exchange and broadcasting
U.S. and foreign investments
Cardiovascular and respiratory health
China
Congressional oversight
Corporate finance and management
Economic performance and conditions
Emergency medical services and trauma care
Financial services and investments
Foreign and international corporations
Foreign trade and international finance
Government lending and loan guarantees
Infectious and parasitic diseases
Intellectual property
International exchange and broadcasting
U.S. and foreign investments
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/6598/all-info |
| Text | https://www.congress.gov/116/bills/hr6598/BILLS-116hr6598ih.pdf |
