Holding Chinese Military Companies Accountable Act
The source supplies the latest action, but no lifecycle stage.
Latest action (7 May 2021): Referred to the House Committee on Foreign Affairs.
What this bill does
The Holding Chinese Military Companies Accountable Act would change how the U.S. defines "Communist Chinese military company." Currently, the President can use economic powers against companies designated as such. This bill would direct the Department of Defense to apply this designation to individuals or entities that are owned by, controlled by, or affiliated with the Chinese Communist Party or any past delegate to China's National People's Congress, if they also have significant investments in certain technology sectors. These sectors include fifth-generation wireless communications and artificial intelligence, among others.
The bill also mandates that the Department of Defense continue making determinations regarding these designations until December 31, 2026. This means the process of identifying and designating companies under the expanded definition would continue for several more years. The bill was introduced in the House of Representatives and has been referred to the Committee on Foreign Affairs.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Holding Chinese Military Companies Accountable Act
This bill expands the definition of a Communist Chinese military company and addresses related issues. (Current law authorizes the President to exercise certain economic powers, such as investigating or prohibiting payments, involving a person designated a Communist Chinese military company.)
Under this bill, the Department of Defense (DOD) shall apply the designation to a person (i.e., an individual or entity) with significant investments in certain technology sectors, such as fifth-generation wireless communications or artificial intelligence, if the person is owned by, controlled by, or affiliated with the Chinese Communist Party or any person who has ever been a delegate to the National People's Congress.
The bill also requires DOD to continue making periodic determinations regarding such designations until December 31, 2026.
Timeline
7 May 2021
Referred to the House Committee on Foreign Affairs.
Common questions
- What does H.R. 3011 do?
- The Holding Chinese Military Companies Accountable Act would change how the U.S. defines "Communist Chinese military company." Currently, the President can use economic powers against companies designated as such. This bill would direct the Department of Defense to apply this designation to individuals or entities that are owned by, controlled by, or affiliated with the Chinese Communist Party or any past delegate to China's National People's Congress, if they also have significant investments in certain technology sectors. These sectors include fifth-generation wireless communications and artificial intelligence, among others. The bill also mandates that the Department of Defense continue making determinations regarding these designations until December 31, 2026. This means the process of identifying and designating companies under the expanded definition would continue for several more years. The bill was introduced in the House of Representatives and has been referred to the Committee on Foreign Affairs.
- Has H.R. 3011 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 3011. Check the latest action and official source below.
- Who sponsored H.R. 3011?
- H.R. 3011 was sponsored by Rep. Banks, Jim [R-IN-3] (R-IN), with 3 cosponsors.
- What's the latest action on H.R. 3011?
- Referred to the House Committee on Foreign Affairs. (7 May 2021).
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