Protecting United States Businesses Abroad Act

Summary

Protecting United States Businesses Abroad Act This bill authorizes the President to impose visa-blocking sanctions on foreign individuals or entities that engage in certain forms of corruption, expropriation, or extortion to the detriment of a U.S. person or entity that has made an investment in a foreign country. Some of the actions subject to sanctions include (1) using state authority to extort payments from or intimidate such a U.S. investor, (2) expropriating the assets of a U.S. investor without just compensation, and (3) engaging in extortion or threatening force against a U.S. investor. The President shall report to Congress on sanctions imposed under this bill. The Department of State shall develop and report to Congress a strategy to coordinate U.S. government efforts to protect such U.S. investors from corruption.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 9 April 2019

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• Introduced in House (PDF)

  Introduced in House · EN · 9 April 2019

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• Introduced in House

  summary · EN · 9 April 2019

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