Protecting American Capital Act of 2025
The Protecting American Capital Act of 2025 would require the Secretary of the Treasury to submit to Congress an annual report on United States portfolio investments in the People's Republic of China, including investments routed through foreign jurisdictions. Each report must analyze who is investing (the types of U.S. persons, including state pension funds, and those responsible for more than 2 percent of total investments in a year) and who is receiving investments (Chinese entities, with attention to sectors of the Chinese economy including housing, any entities subject to U.S. sanctions, and entities receiving more than $100 million). The first report would cover January 1, 2008 through the date of enactment, and subsequent reports would cover the one-year period preceding submission. The bill provides definitions for “Chinese entity” and “United States person” to clarify who is included.
Key Points
- 1Mandates an annual Treasury Treasury report to Congress on United States portfolio investments in the PRC, including investments routed through foreign jurisdictions.
- 2Requires analysis of U.S. investors, including the types of investors and those making more than 2% of total investments in a year, with special note of state pension funds.
- 3Requires analysis of Chinese recipients, including sectoral distribution (including housing), entities subject to U.S. sanctions, and entities receiving more than $100 million.
- 4Establishes the reporting period framework: the first report covers 2008 through the date of enactment; subsequent reports cover the preceding year.
- 5Provides definitions of key terms: “Chinese entity” and “United States person.”