I 

116TH CONGRESS 

2D SESSION H. R. 8197 

To require the Securities and Exchange Commission to assess whether certain 

information related to support from the Government of China is necessary or appropriate for the purposes of certain reports under the 

securities laws, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

SEPTEMBER 11, 2020 

Mr. BARR introduced the following bill; which was referred to the Committee 

on Financial Services 

A BILL 

To require the Securities and Exchange Commission to assess whether certain information related to support from 

the Government of China is necessary or appropriate 

for the purposes of certain reports under the securities 

laws, 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 ‘‘Transparency in Chi5 nese Government Investment Act of 2020’’. 


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1 SEC. 2. ASSESSMENT OF INFORMATION WITH RESPECT TO 

2 SUPPORT FROM THE GOVERNMENT OF 

3 CHINA. 

4 Not later than 360 days following the date of the en5 actment of this Act, the Securities and Exchange Commis6 sion, in consultation with the Secretary of the Treasury, 

7 shall submit to the Committee on Financial Services of 

8 the House of Representatives and the Committee on 

9 Banking, Housing, and Urban Affairs of the Senate a re10 port assessing whether disclosure of any of the following 

11 by an issuer organized under the laws of the People’s Re12 public of China qualifies as necessary or appropriate for 

13 the purposes of section 13(a) of the Securities Exchange 

14 Act of 1934: 

15 (1) Material financial support by an issuer for 

16 the following industrial policies or development plans 

17 of the Government of China: 

18 (A) Made in China 2025. 

19 (B) Military-Civil Fusion. 

20 (C) Internet Plus. 

21 (D) Guidelines to Promote the National 

22 Integrated Circuit Foundry Development Plan. 

23 (E) The China Integrated Circuit Invest24 ment Industry Fund (or any similar fund at the 

25 provincial or local level). 


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1 (F) Strategic Emerging Industries Initia2 tive. 

3 (G) New Generation Artificial Intelligence 

4 Development plan. 

5 (2) Material financial support an issuer receives 

6 from the Government of China in connection with 

7 the support described in paragraph (1), including— 

8 (A) direct subsidies, grants, loans, or loan 

9 guarantees; 

10 (B) reduction of taxes or tax exemptions; 

11 (C) preferential treatment under the Gov12 ernment of China procurement policies; 

13 (D) access to research and development; 

14 and 

15 (E) reduced prices for key inputs, includ16 ing land, power, and water. 

17 (3) Positions held by any individual as an offi18 cer or director of an issuer, if the individual occupies 

19 a position with— 

20 (A) the Chinese Communist Party; 

21 (B) the Government of China; 

22 (C) the Central Committee of the Com23 munist Party of China; 

24 (D) the Central Military Commission of 

25 China; 


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1 (E) the Chinese People’s Political Consult2 ative Conference; 

3 (F) the National People’s Congress of 

4 China; or 

5 (G) a State Council in China. 

6 SEC. 3. DISCLOSURE REQUIREMENT. 

7 Not later than 180 days following submission of the 

8 report required under section 2, the Securities and Ex9 change Commission shall prescribe regulations requiring 

10 an issuer to disclose in any annual report required under 

11 section 13 of the Securities Exchange Act of 1934, and 

12 in any prospectus in connection with an initial public of13 fering, the information assessed by the Commission in 

14 such report to be necessary or appropriate for the pur15 poses of subsection (a) of such section 13. 

Æ 


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