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United States · Bill · HR

H.R. 6598 (116th)

SOS ACT Act

referredUnited States· United States Congress· EN

Introduced

23 April 2020

Last action

Status

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.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

Secure Our Systems Against China's Tactics Act or the SOS ACT Act This bill 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.

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Documents

3 official files

Introduced in House (text)

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Sources

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