Compensation for Americans Act of 2020

Bill: 116-hr-7007
Sponsor: Rep. Wagner, Ann [R-MO-2]
Introduced: 2020-05-22 in the House
Policy area: International Affairs
Subjects: Accounting and auditing
Administrative law and regulatory procedures
Asia
Banking and financial institutions regulation
Business records
Cardiovascular and respiratory health
China
Computer security and identity theft
Computers and information technology
Congressional oversight
Corporate finance and management
Department of Commerce
Diplomacy, foreign officials, Americans abroad
Drug safety, medical device, and laboratory regulation
Economic performance and conditions
Emergency medical services and trauma care
Employee benefits and pensions
Energy storage, supplies, demand
Financial services and investments
Foreign and international corporations
Foreign labor
Foreign property
Free trade and trade barriers
Genetics
Government employee pay, benefits, personnel management
Government information and archives
Government liability
Government trust funds
Health technology, devices, supplies
Immigration status and procedures
Infectious and parasitic diseases
Intelligence activities, surveillance, classified information
International law and treaties
International organizations and cooperation
Internet and video services
Internet, web applications, social media
Licensing and registrations
Manufacturing
Marketing and advertising
Metals
Military procurement, research, weapons development
News media and reporting
Political parties and affiliation
Prescription drugs
Presidents and presidential powers, Vice Presidents
Public contracts and procurement
Sanctions
Securities
Securities and Exchange Commission (SEC)
Strategic materials and reserves
Telephone and wireless communication
Trade restrictions
U.S. and foreign investments
United Nations
Visas and passports
War and emergency powers
World health

Summary:
action_date: 2020-05-22
text: 

Compensation for Americans Act of 2020

 
This bill requires the Department of State to negotiate with China to secure compensation for China's distortion of information related to the spread of COVID-19 (i.e., coronavirus disease 2019). The bill also contains other China-related provisions, such as those imposing sanctions on certain Chinese individuals and entities.
 
As part of such negotiations, the President shall (1) freeze Chinese assets subject to U.S. jurisdiction; (2) suspend the required review of any proposed acquisition of a U.S. entity by a Chinese entity; (3) impose sanctions on Chinese entities in certain industries, such as artificial intelligence and pharmaceuticals; (4) impose sanctions on various individuals, including Chinese government officials and Chinese citizens responsible for stealing intellectual property from U.S. entities; and (5) prohibit using federal funds to procure goods manufactured or sourced from a Chinese company, if such goods pose a supply chain risk to U.S. national security.
 
The President s may terminate such prohibitions and sanctions if China and the United States come to an agreement regarding compensation related to COVID-19.
 
The Department of the Treasury shall establish a public repository with information about entities that are owned, financed, or controlled by the Chinese government.
 
Other provisions in this bill include (1) imposing export controls on telecommunications equipment that would help China carry out censorship or surveillance, (2) banning researchers affiliated with China's military from obtaining visas, and (3) requiring U.S. World Bank representatives to end China's eligibility for World Bank assistance.


Legislative actions:
action_date: 2020-05-22
text: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Oversight and Reform, the Judiciary, Financial Services, Energy and Commerce, Armed Services, and Ways and Means, 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.
action_date: 2020-05-22
text: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Oversight and Reform, the Judiciary, Financial Services, Energy and Commerce, Armed Services, and Ways and Means, 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.
action_date: 2020-05-22
text: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Oversight and Reform, the Judiciary, Financial Services, Energy and Commerce, Armed Services, and Ways and Means, 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.
action_date: 2020-05-22
text: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Oversight and Reform, the Judiciary, Financial Services, Energy and Commerce, Armed Services, and Ways and Means, 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.
action_date: 2020-05-22
text: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Oversight and Reform, the Judiciary, Financial Services, Energy and Commerce, Armed Services, and Ways and Means, 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.
action_date: 2020-05-22
text: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Oversight and Reform, the Judiciary, Financial Services, Energy and Commerce, Armed Services, and Ways and Means, 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.
action_date: 2020-05-22
text: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Oversight and Reform, the Judiciary, Financial Services, Energy and Commerce, Armed Services, and Ways and Means, 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.
action_date: 2020-05-22
text: Introduced in House
action_date: 2020-05-22
text: Introduced in House