U.S. Reps. Guy Reschenthaler (R-Pa.), Michael McCaul (R-Texas), and Denver Riggleman (R-Va.) introduced a proposal aimed at stopping the flow of U.S. investment funds into entities connected to the Chinese Communist Party.
The measure, named the Protecting National Security in Financial Investment Act (H.R. 8407), would require the Securities and Exchange Commission (SEC) to submit a report assessing whether investments in Chinese-linked companies placed on the U.S. entity list should be disclosed in accordance with securities laws.
