American Investment Accountability Act

Sponsor: Elise M. Stefanik (Republican-NY)July 22, 2025

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, 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.

US agencies would track American money going to businesses linked to foreign adversaries.

Three federal agencies would report to Congress about money Americans invest in companies tied to certain foreign governments. The first report would cover the past year of these investments. After that, reports would come out every three months, detailing direct investments, stock purchases, and business deals.

What Would Change

If this bill becomes law, the Department of Commerce, Department of the Treasury, and the Securities and Exchange Commission would be required to submit detailed reports to Congress. The first reports would cover the previous year's investments and be due one year after the bill passes. After that, reports would be sent every 90 days. These reports would cover direct investments over $5,000,000, portfolio investments over $10,000,000, and business activities like mergers or expansions over $5,000,000. This would bring new transparency to these financial relationships.

Key Provisions

Would require the Department of Commerce to report on direct investments by Americans in countries of concern. The first report would cover the previous year, and then reports would come every 90 days. This includes investments over $5,000,000 in one deal or $10,000,000 in total.
Would require the Department of the Treasury to report on portfolio investments by Americans in countries of concern. The first report would cover the previous year, and then reports would come every 90 days. This includes investments over $10,000,000 in one deal or $25,000,000 in total.
Would require the Securities and Exchange Commission (SEC) to report on US businesses' activities, such as mergers or expansions, involving companies tied to countries of concern. The first report would cover the previous year, and then reports would come every 90 days. This applies especially to deals over $5,000,000 in one transaction or $10,000,000 in total.
Defines "countries of concern" to include China, Russia, Iran, North Korea, Cuba, and Venezuela.
Defines "offshore financial centers" as places handling over $100,000,000 in direct investments or $500,000,000 in portfolio investments annually for countries of concern.

View on Congress.gov

HR 4617 · 119th Congress · July 22, 2025 · AI Summary by gemini-2.5-flash · 7/10

American Investment Accountability Act

What Would Change

Key Provisions

Lobbying Activity