American Investment Accountability Act

This bill makes the federal government track U.S. money flowing into companies tied to certain “countries of concern,” like China (including Hong Kong and Macau), Russia, Iran, North Korea, Cuba, and Venezuela. It focuses on companies based in, controlled by, or influenced by those governments, and those linked to sanctioned groups.

The Commerce and Treasury Departments must send regular reports to Congress on U.S. investments in these places. They must show totals by industry and by the U.S. state where the money came from, and include investments routed through offshore financial centers. The reports count bigger deals, such as direct investments over $5 million (or $10 million total) and portfolio investments over $10 million (or $25 million total). The first reports are due within one year, then every 90 days, covering the prior period. The SEC must also report when large U.S. companies spin off businesses that operate in these countries, form joint ventures, do mergers or acquisitions with covered entities, or expand operations there above set dollar amounts. Small businesses are not included in this “large company” group.

Key points

• Who is affected: U.S. investors and large U.S. companies; agencies reporting to Congress.
• What changes: Regular tracking and reporting of U.S. direct and portfolio investments in listed countries, including big deals and corporate moves like joint ventures and mergers.
• When: First reports due within one year of enactment, then every 90 days, covering the previous year or quarter.