Mitigating Investor Risk Act of 2023

Bill: 118-hr-4450
Sponsor: full_name: Rep. Torres, Ritchie [D-NY-15]
Introduced: 2023-06-30
Policy area: Finance and Financial Sector
Latest action: action_date: 2023-06-30
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2023-06-30
action_desc: Introduced in House
text: <p><b>Mitigating Investor Risk Act of 2023</b></p> <p>This bill requires the Department of the Treasury to (1) report on the risks posed to U.S. investors by investments in Chinese companies in the event of hostilities in Taiwan or the Taiwan Strait, and (2) make any recommendations for mitigating this risk. </p>

tv_txt: I 118th CONGRESS 1st Session H. R. 4450 IN THE HOUSE OF REPRESENTATIVES June 30, 2023 Mr. Torres of New York introduced the following bill; which was referred to the Committee on Financial Services A BILL To require the Secretary of the Treasury to conduct a study and submit a report on certain risks to United States investors in the event of hostilities in Taiwan or the Taiwan Strait.

1. Short title This Act may be cited as the Mitigating Investor Risk Act of 2023 . 2. Study and report on investor risk exposure in the event of hostilities in Taiwan or the Taiwan strait (a) Study The Secretary of the Treasury shall conduct a study to assess the risk posed by the exposure of United States investors to investments in People’s Republic of China companies in the event of hostilities in Taiwan or the Taiwan Strait. (b) Report Not later than one year after the date of enactment of this Act, the Secretary shall submit to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a report on the findings of the study conducted under subsection (a) and any recommendations for mitigating the risk posed by the exposure of United States investors to investments in People’s Republic of China companies.