II 

118TH CONGRESS 

2D SESSION S. 3582 

To require annual reporting on the availability of Federal funds to persons 

and entities of China and activities conducted in collaboration with China, 

and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

JANUARY 11, 2024 

Mr. SCOTT of Florida (for himself, Mr. BUDD, and Mr. BRAUN) introduced 

the following bill; which was read twice and referred to the Committee 

on Homeland Security and Governmental Affairs 

A BILL 

To require annual reporting on the availability of Federal 

funds to persons and entities of China and activities 

conducted in collaboration with China, and for other 

purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Our Money in China 

5 Transparency Act’’. 

6 SEC. 2. DEFINITIONS. 

7 In this Act: 

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1 (1) CHINESE PERSON OR ENTITY.—The term 

2 ‘‘Chinese person or entity’’ means— 

3 (A) the Government of China; 

4 (B) the Chinese Communist Party; 

5 (C) any satellite or other foreign campus 

6 of a United States institution of higher edu7 cation (as such term is defined in section 101 

8 of the Higher Education Act of 1965 (20 

9 U.S.C. 1001)) that is located in China; 

10 (D) an individual who is a citizen or na11 tional of China and permanently resides in 

12 China; and 

13 (E) any other entity organized under the 

14 laws of China, or any jurisdiction within China, 

15 including— 

16 (i) any United States branch of such 

17 entity; and 

18 (ii) any branch of a United States en19 tity that is located in China. 

20 (2) UNITED STATES ENTITY.—The term 

21 ‘‘United States entity’’ means— 

22 (A) an institution of higher education (as 

23 such term is defined in section 101 of the High24 er Education Act of 1965 (20 U.S.C. 1001)); 

25 and 

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1 (B) any other entity organized under the 

2 laws of the United States or any jurisdiction 

3 within the United States. 

4 SEC. 3. REPORT ON FUNDING. 

5 (a) GENERAL REPORT ON FEDERAL FUNDING.—The 

6 Director of the Office of Management and Budget shall 

7 include, in the budget materials submitted in support of 

8 the budget of the President (submitted to Congress pursu9 ant to section 1105 of title 31, United States Code) for 

10 each fiscal year beginning after the date of the enactment 

11 of this Act, a report that specifies, with respect to each 

12 account in the Treasury for which Federal funds are re13 quested in such budget, the information described in sub14 section (c). 

15 (b) ADDITIONAL REPORT ON FEDERAL FUNDING.— 

16 The head of each Federal department or agency shall in17 clude, in the budget materials submitted in support of the 

18 budget of the President (submitted to Congress pursuant 

19 to section 1105 of title 31, United States Code) for each 

20 fiscal year beginning after the date of the enactment of 

21 this Act, a report that specifies the information described 

22 in subsection (c) with respect to each account— 

23 (1) from which funds are made available to 

24 carry out the programs, projects, or activities of 

25 such department or agency; and 

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1 (2) that is not included in the corresponding re2 port required under subsection (a). 

3 (c) REPORT REQUIREMENTS.—The information de4 scribed in this subsection is, with respect to each ac5 count— 

6 (1) each amount made available from such ac7 count during the preceding fiscal year to any Chi8 nese person or entity, disaggregated by each such 

9 person or entity; 

10 (2) each amount made available from such ac11 count during the preceding fiscal year to any Fed12 eral program, project, or activity conducted in part13 nership with a Chinese person or entity, 

14 disaggregated by each such partner; 

15 (3) each amount made available from such ac16 count during the preceding fiscal year to any Chi17 nese person or entity that is owned or controlled by 

18 a United States entity, disaggregated by each such 

19 United States entity; 

20 (4) each amount made available from such ac21 count during the preceding fiscal year to any Fed22 eral employee for the purpose of carrying out any 

23 program, project, or activity in China, disaggregated 

24 by each such program, project, or activity; and 

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1 (5) each amount made available from such ac2 count during the preceding fiscal year to any joint, 

3 collaborative, or bilateral effort between the United 

4 States and China, disaggregated by each such effort. 

5 (d) INITIAL REPORT.—The first report submitted 

6 after the date of the enactment of this Act under sub7 section (a) or (b) shall include the information described 

8 in subsection (c) with respect to the 10 preceding fiscal 

9 years. 

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