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S2861Referred to Committee

Protecting the USMCA from Harmful Chinese Investment Act

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-09-18
Introduced
1
Cosponsors
S
ⓘ
Type

Sponsor

David McCormick
David McCormick
Republican · PA · Senator
Votes with party: 77.6% (889 recorded votes)

Full profile: /officials/M001243

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

1 cosponsor on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Finance.

2025-09-18

Source: Congress.gov

Committee Activity

Currently in

  • Senate Committee on FinanceReferred To · 2025-09-18

Plain-English Summary

The proposal would restrict Chinese investment in companies that benefit from the U.S.-Mexico-Canada trade agreement, aiming to prevent China from gaining access to preferential trade benefits through backdoor ownership stakes. It would require companies seeking trade advantages under this agreement to disclose Chinese ownership and potentially face restrictions if foreign ownership exceeds certain thresholds. The measure targets manufacturers and businesses that want to take advantage of reduced tariffs and trade benefits under the agreement.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Foreign Trade and International Finance
Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

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