H.R. 6598 · 116th Congress
Secure Our Systems Against China’s Tactics Act
- Stage
- In committee
- Sponsor
- Mark Green
- Introduced
- 2020-04-23
- Latest action
- 2020-04-23 · Introduced in House
Summary
Secure Our Systems Against China's Tactics Act or the SOS ACT Act
This bill authorizes the Department of the Treasury to temporarily guarantee up to 50% of an investment made during the public health emergency declared due to COVID-19 (i.e., coronavirus disease 2019) in a business that (1) incurred losses due to COVID-19, (2) advances a national security interest, and (3) is susceptible to being purchased by a Chinese entity.