US HB4617

Requires the Secretary of Commerce to report quarterly on direct investments by U.S. persons in countries of concern (China, Russia, Iran, North Korea, Cuba, Venezuela), including investments exceeding $5 million per transaction or $10 million aggregate

Requires the Secretary of the Treasury to report quarterly on portfolio investments by U.S. persons in countries of concern, tracking investments exceeding $10 million per transaction or $25 million aggregate, plus initial public offerings and secondary market trading in covered entities

Requires the Securities and Exchange Commission to report quarterly on U.S. business activities in countries of concern, including spinoffs, joint ventures, mergers, acquisitions, and expanded operations exceeding $5 million per transaction

Defines "covered entities" as those headquartered in, organized under, owned by, or controlled by governments of concern, or with at least 25% ownership by sanctioned entities

Defines "offshore financial centers" as jurisdictions routing more than $100 million in direct investments or $500 million in portfolio investments annually to countries of concern, requiring reports to account for investments through these intermediaries