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US HB3635
Bill
Status
5/29/2025
Primary Sponsor
Thomas Kean
Click for details
AI Summary
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Prohibits Members of Congress from conducting financial transactions that directly or indirectly benefit foreign adversaries or entities owned/operated by foreign adversaries during their term of service
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Designates six foreign adversaries: China (including Hong Kong), Cuba, Iran, North Korea, Russia, and Venezuela under the Maduro regime
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Covers a broad range of financial transactions including gifts, loans, deposits, investments in securities, security futures, commodities, and synthetic economic interests like derivatives
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Authorizes the Attorney General to bring civil enforcement actions in federal district court against violators
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Establishes escalating civil penalties: $5,000 for first violation, $10,000 for second violation, and $15,000 for each subsequent violation
Legislative Description
Foreign Adversary Investment Prohibition Act
International affairs
Last Action
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.
5/29/2025