H.R. 1130 · 117th Congress · House

SOS ACT Act

Active· Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determ…
Introduced
Feb 18, 21
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

Secure Our Systems Against China's Tactics Act or the SOS ACT Act

This bill authorizes the Department of the Treasury to temporarily guarantee up to 50% of an investment made during the public health emergency declared due to COVID-19 (i.e., coronavirus disease 2019) in a business that (1) incurred losses due to COVID-19, (2) advances a national security interest, and (3) is susceptible to being purchased by a Chinese entity.

Action Timeline

4
  1. FEB 18, 2021•IntroReferral

    Introduced in House

  2. FEB 18, 2021•IntroReferral

    Introduced in House

  3. FEB 18, 2021•IntroReferral

    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.

  4. FEB 18, 2021•IntroReferral

    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.

Committees

2

Foreign Affairs Committee

hsfa00

Referred: Feb 18, 2021

Active

Financial Services Committee

hsba00

Referred: Feb 18, 2021

Active