S-860 : Still Just a Bill

Protecting American Capital Act of 2023

This bill requires the Department of the Treasury to annually report to Congress on U.S. portfolio investments in China. The report must include

• the U.S. persons making the investments, including state pension funds and those making more than 2% of the total annual investments; and
• the Chinese entities receiving the investments, including Chinese entities subject to U.S. sanctions and Chinese entities receiving more than $100 million.

The initial report must include investment information back to January 1, 2008.