Our Money in China Transparency Act
Bill: H.R.1129 | Sponsor: Rep. Green, Mark E. (R-TN)
Policy area: Economics and Public Finance

Summary:
Our Money in China Transparency Act
This bill requires federal agencies to report annually regarding federal funds provided for activities conducted by or with certain Chinese individuals and entities.

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.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Our Money in China Transparency 
Act''.

SEC. 2. REPORT ON FUNDING.

    (a) General Report on Federal Funding.--The Director of the Office 
of Management and Budget shall include in the budget materials 
submitted in support of the budget of the President (submitted to 
Congress pursuant to section 1105 of title 31, United States Code) for 
each fiscal year beginning after the date of the enactment of this Act 
a report that specifies with respect to each account in the Treasury 
for which Federal funds are requested in such budget the information 
described in subsection (c).
    (b) Additional Report on Federal Funding.--The head of each Federal 
department or agency shall include in the budget materials submitted in 
support of the budget of the President (submitted to Congress pursuant 
to section 1105 of title 31, United States Code) for each fiscal year 
beginning after the date of the enactment of this Act a report that 
specifies the information described in subsection (c) with respect to 
each account--
            (1) from which funds are made available to carry out the 
        programs, projects, or activities of such department or agency; 
        and
            (2) that is not included in the corresponding report 
        required under subsection (a).
    (c) Report Requirements.--The information described in this 
subsection is the following with respect to an account:
            (1) Each amount made available from such account during the 
        preceding fiscal year to any Chinese person or entity, 
        disaggregated by each such person or entity.
            (2) Each amount made available from such account during the 
        preceding fiscal year to any Federal program, project, or 
        activity conducted in partnership with a Chinese person or 
        entity, disaggregated by each such partner.
            (3) Each amount made available from such account during the 
        preceding fiscal year to any Chinese person or entity that is 
        owned or controlled by a United States entity, disaggregated by 
        each such United States entity.
            (4) Each amount made available from such account during the 
        preceding fiscal year to any Federal employee for the purpose 
        of carrying out any program, project, or activity in China, 
        disaggregated by each such program, project, or activity.
            (5) Each amount made available from such account during the 
        preceding fiscal year to any joint, collaborative, or bilateral 
        effort between the United States and China, disaggregated by 
        each such effort.
    (d) Initial Report.--The first report submitted after the date of 
the enactment of this Act under subsection (a) or subsection (b) shall 
include the information described in subsection (c) with respect to the 
10 preceding fiscal years.
    (e) Definitions.--In this Act--
            (1) Chinese person or entity.--The term ``Chinese person or 
        entity'' means--
                    (A) the Government of China;
                    (B) the Chinese Communist Party;
                    (C) any satellite or other foreign campus of a 
                United States institution of higher education (as such 
                term is defined in section 101 of the Higher Education 
                Act of 1965 (20 U.S.C. 1001)) that is located in China;
                    (D) an individual who is a citizen or national of 
                China and permanently resides in China; and
                    (E) any other entity organized under the laws of 
                China, or any jurisdiction within China, including--
                            (i) any United States branch of such 
                        entity; and
                            (ii) any branch of a United States entity 
                        that is located in China.
            (2) United states entity.--The term ``United States 
        entity'' means--
                    (A) an institution of higher education (as such 
                term is defined in section 101 of the Higher Education 
                Act of 1965 (20 U.S.C. 1001)); and
                    (B) any other entity organized under the laws of 
                the United States or any jurisdiction within the United 
                States.
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