American Investment Accountability Act

Summary

Creates definitions for key terms used in reporting on U.S. investments and business ties to certain foreign countries of concern (including China, Russia, Iran, North Korea, Cuba, and Venezuela), and requires recurring reports using those definitions to specified congressional committees. Defines which entities count as covered U.S. businesses or covered entities, sets ownership thresholds, identifies certain sanctions lists and offshore financial center thresholds, and excludes small businesses from the covered U.S. business definition.

• Establishes standardized definitions for "country of concern," "covered U.S. business," "covered entity," "offshore financial center," and "sanctions list."
• Explicitly lists China (including Hong Kong and Macau), Russia, Iran, North Korea, Cuba, and Venezuela as countries of concern.
• Defines covered U.S. business to include entities 25% or more owned by U.S. persons and excludes small business concerns.
• Identifies criteria for entities of concern based on ownership, control, parent/subsidiary ties, and ties to named sanctions lists.
• Defines offshore financial centers by quantitative investment thresholds ($100M direct, $500M portfolio) that route U.S. investments into countries of concern.
• Designates five specific export-control and sanctions lists as the statute's "sanctions list."
• Requires recurring reports to a list of specified congressional committees using the new definitions and criteria.
• Does not itself appropriate funds, authorize new programs, or alter tax law—primarily a definitional and reporting measure.