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Text as it was Introduced in House
May 29, 2025
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AI Summary

Bans Members of Congress from entering into covered financial transactions that would benefit a foreign adversary or an entity the Member owns or operates while they are serving. The Attorney General can sue violators in federal court and courts must impose civil fines: $5,000 for a first violation, $10,000 for a second, and $15,000 for each subsequent violation. The text also defines key terms including “covered financial transaction,” “foreign adversary,” and “Member of Congress.”

United StatesHouse Bill 3635HR 3635

Foreign Adversary Investment Prohibition Act

  1. house
  2. senate
  3. president

Last progress May 29, 2025 (9 months ago)

Introduced on May 29, 2025 by Thomas Kean

House Votes

Pending Committee
May 29, 2025 (9 months ago)

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

Senate Votes

Vote Data Not Available

Presidential Signature

Signature Data Not Available