US Congress House Bill 7181 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 25-0)
Status: Introduced on June 11 2020 - 25% progression, died in committee
Action: 2020-06-11 - Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, and Education and Labor, 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.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Prohibits certain Chinese nationals from receiving visas, requires higher education institutions to disclose certain foreign gifts, and restricts the use of foreign public accounting firms by foreign issuers of securities. Specified visas may not be issued to Chinese nationals seeking to enter the United States for the purpose of (1) studying science, technology, engineering, mathematics, or a related field; (2) employment in science, technology, engineering, mathematics, or a related field; or (3) attending a business meeting, conference, or academic or cultural exchange that includes activities related to science, technology, engineering, mathematics, or a related field. The bill also lowers the disclosure threshold regarding gifts to higher education institutions from China, Russia, Iran, and North Korea. Additionally, the bill requires certain disclosures from foreign issuers of securities that use, for the required audit report to the Securities and Exchange Commission, a foreign public accounting firm that is not subject to inspection by the Public Company Accounting Oversight Board. If an issuer uses such a foreign public accounting firm, the issuer is generally prohibited from listing its securities on a national securities exchange.

Holding China Accountable Act

Rep. Devin Nunes [R-CA]	Rep. Michael Conaway [R-TX]	Rep. Eric Crawford [R-AR]	Rep. Michael Turner [R-OH]
Rep. Chris Stewart [R-UT]	Rep. Elise Stefanik [R-NY]	Rep. Brad Wenstrup [R-OH]	Rep. Ken Calvert [R-CA]
Sen. Roger Marshall [R-KS]	Rep. Bob Gibbs [R-OH]	Rep. Matt Gaetz [R-FL]	Rep. Joe Wilson [R-SC]
Rep. George Holding [R-NC]	Rep. Doug Collins [R-GA]	Rep. Mario Diaz-Balart [R-FL]	Rep. Mike Garcia [R-CA]
Rep. Paul Cook [R-CA]	Rep. David Kustoff [R-TN]	Rep. Tom McClintock [R-CA]	Rep. Dan Bishop [R-NC]
Rep. Ross Spano [R-FL]	Rep. Mo Brooks [R-AL]	Rep. David Rouzer [R-NC]	Rep. Steven Palazzo [R-MS]
Rep. Michael Burgess [R-TX]

Date	Chamber	Action
2020-06-11	House	Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, and Education and Labor, 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.
2020-06-11	House	Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, and Education and Labor, 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.
2020-06-11	House	Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, and Education and Labor, 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.
2020-06-11	House	Introduced in House

HB3124 (Related) 2019-06-05 - Referred to the House Committee on Financial Services.
SB1731 (Related) 2019-06-05 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/7181/all-info
Text	https://www.congress.gov/116/bills/hr7181/BILLS-116hr7181ih.pdf