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   &lt;pre&gt;[Congressional Record Volume 167, Number 31 (Thursday, February 18, 2021)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. BANKS:H.R. 1093.Congress has the power to enact this legislation pursuantto the following:The constitutional authority of Congress to enact thislegislation is provided by Article I, section 8 of the UnitedStates Constitution, specifically clause 18 (relating to thepower to make all laws necessary and proper for carrying outthe powers vested in Congress).[Page H536]&lt;/pre&gt;
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     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.
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     &lt;p&gt;&lt;b&gt;Stop Funding the PLA Act&lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill requires the Department of the Treasury to establish a list of entities the securities of which a U.S. person shall be prohibited from purchasing or holding.&lt;/p&gt; &lt;p&gt;Specifically, the Treasury must submit a report specifying each foreign industrial defense corporation with substantial contacts with, ties to, or support from any PLA entity (any entity of the Chinese military). The bill prohibits a U.S. person from purchasing a security of a foreign industrial defense corporation specified in the report, and it requires a U.S. person who owns any such security to divest themselves of it. &lt;/p&gt;
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     To prohibit financial investment by a United States person in foreign industrial defense corporations with substantial contracts with, ties to, or support from, the Chinese military and affiliated entities, and for other purposes.
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    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.
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   This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
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H11100
2021-02-18
Foreign Affairs Committee
hsfa00
2
House floor actions
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.
IntroReferral
H11100
2021-02-18
Financial Services Committee
hsba00
2
House floor actions
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.
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Intro-H
2021-02-18
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Library of Congress
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IntroReferral
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2021-02-18
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2021-02-18T17:45:25Z
Referred to
House
Foreign Affairs Committee
hsfa00
Standing
2021-02-18T17:45:20Z
Referred to
House
Financial Services Committee
hsba00
Standing
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-02-18
2021-02-18
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.
House
Foreign Trade and International Finance
B001299
3
Jim
Rep. Banks, Jim [R-IN-3]
N
Banks
R
IN
Administrative law and regulatory procedures Asia China Congressional oversight Department of the Treasury Financial services and investments Foreign and international corporations Securities
2021-02-18
Introduced in House
 <p><b>Stop Funding the PLA Act</b></p> <p>This bill requires the Department of the Treasury to establish a list of entities the securities of which a U.S. person shall be prohibited from purchasing or holding.</p> <p>Specifically, the Treasury must submit a report specifying each foreign industrial defense corporation with substantial contacts with, ties to, or support from any PLA entity (any entity of the Chinese military). The bill prohibits a U.S. person from purchasing a security of a foreign industrial defense corporation specified in the report, and it requires a U.S. person who owns any such security to divest themselves of it. </p>
2021-07-23T21:22:35Z
00
2021-02-18T05:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr1093ih/xml/BILLS-117hr1093ih.xml
Stop Funding the PLA Act
Stop Funding the PLA Act
Display Title
IH
Introduced in House
To prohibit financial investment by a United States person in foreign industrial defense corporations with substantial contracts with, ties to, or support from, the Chinese military and affiliated entities, and for other purposes.
Official Title as Introduced
IH
Introduced in House
Stop Funding the PLA Act
Short Title(s) as Introduced
HR
2023-01-11T13:47:22Z
2023-01-11T13:47:22Z
3.0.0
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2021-02-18
Foreign Affairs Committee
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IntroReferral
H11100
2021-02-18
Financial Services Committee
hsba00
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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.
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2021-02-18
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2021-02-18
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Library of Congress
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Jim
Rep. Banks, Jim [R-IN-3]
N
Banks
R
IN
Administrative law and regulatory procedures Asia China Congressional oversight Department of the Treasury Financial services and investments Foreign and international corporations Securities
2021-02-18
Introduced in House
 <p><b>Stop Funding the PLA Act</b></p> <p>This bill requires the Department of the Treasury to establish a list of entities the securities of which a U.S. person shall be prohibited from purchasing or holding.</p> <p>Specifically, the Treasury must submit a report specifying each foreign industrial defense corporation with substantial contacts with, ties to, or support from any PLA entity (any entity of the Chinese military). The bill prohibits a U.S. person from purchasing a security of a foreign industrial defense corporation specified in the report, and it requires a U.S. person who owns any such security to divest themselves of it. </p>
2021-07-23T21:22:35Z
00
Stop Funding the PLA Act
Stop Funding the PLA Act
Display Title
IH
Introduced in House
To prohibit financial investment by a United States person in foreign industrial defense corporations with substantial contracts with, ties to, or support from, the Chinese military and affiliated entities, and for other purposes.
Official Title as Introduced
IH
Introduced in House
Stop Funding the PLA Act
Short Title(s) as Introduced
2021-02-18
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.