Govwatch

Introduced

In Committee

3

Passed One Chamber

4

Passed Both

5

Signed into Law

Sponsor

Bill Hagerty

Republican · TN · Senator

Votes with party: 33.1% (314 recorded votes)

Full profile: /officials/H000601

Source: Congress.gov · FEC

Cosponsors (12)

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

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.

2025-07-21

Source: Congress.gov

Committee Activity

Previously

Finance CommitteeReferred To · 2025-07-21
Senate Committee on FinanceReferred To · 2025-07-21

Plain-English Summary

This bill would protect American property and investments held in foreign countries by establishing legal mechanisms and potentially imposing penalties on countries that seize or unfairly take U.S. assets without compensation. The law would likely affect American businesses, investors, and corporations operating internationally by giving them stronger tools to recover losses if their property is taken abroad. It aims to deter foreign governments from confiscating American-owned assets and ensure U.S. citizens and companies are treated fairly in international disputes.

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

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Open text view Read on Congress.gov

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