{"@context":"https://schema.org","@type":"Legislation","name":"Compensation for Americans Act of 2020","description":"

Compensation for Americans Act of 2020

This bill requires the Department of State to negotiate with China to secure compensation for China's distortion of information related to the spread of COVID-19 (i.e., coronavirus disease 2019). The bill also contains other China-related provisions, such as those imposing sanctions on certain Chinese individuals and entities.

As part of such negotiations, the President shall (1) freeze Chinese assets subject to U.S. jurisdiction; (2) suspend the required review of any proposed acquisition of a U.S. entity by a Chinese entity; (3) impose sanctions on Chinese entities in certain industries, such as artificial intelligence and pharmaceuticals; (4) impose sanctions on various individuals, including Chinese government officials and Chinese citizens responsible for stealing intellectual property from U.S. entities; and (5) prohibit using federal funds to procure goods manufactured or sourced from a Chinese company, if such goods pose a supply chain risk to U.S. national security.

The President s may terminate such prohibitions and sanctions if China and the United States come to an agreement regarding compensation related to COVID-19.

The Department of the Treasury shall establish a public repository with information about entities that are owned, financed, or controlled by the Chinese government.

Other provisions in this bill include (1) imposing export controls on telecommunications equipment that would help China carry out censorship or surveillance, (2) banning researchers affiliated with China's military from obtaining visas, and (3) requiring U.S. World Bank representatives to end China's eligibility for World Bank assistance.

","legislationIdentifier":"HR 7007","legislationType":"Bill","legislationLegalForce":"NotInForce","legislationJurisdiction":"USA","author":[{"@type":"Person","name":"Ann Wagner","url":"https://legisdaily.com/mp/ann-wagner-us"}],"about":{"@type":"Thing","name":"International Affairs"},"keywords":"Accounting and auditing, Administrative law and regulatory procedures, Asia, Banking and financial institutions regulation, Business records, Cardiovascular and respiratory health, China, Computers and information technology, Computer security and identity theft, Congressional oversight, Corporate finance and management, Department of Commerce, Diplomacy, foreign officials, Americans abroad, Drug safety, medical device, and laboratory regulation, Economic performance and conditions, Emergency medical services and trauma care, Employee benefits and pensions, Energy storage, supplies, demand, Financial services and investments, Foreign and international corporations, Foreign labor, Foreign property, Free trade and trade barriers, Genetics, Government employee pay, benefits, personnel management, Government information and archives, Government liability, Government trust funds, Health technology, devices, supplies, Immigration status and procedures, Infectious and parasitic diseases, Intelligence activities, surveillance, classified information, International law and treaties, International organizations and cooperation, Internet and video services, Internet, web applications, social media, Licensing and registrations, Manufacturing, Marketing and advertising, Metals, Military procurement, research, weapons development, News media and reporting, Political parties and affiliation, Prescription drugs, Presidents and presidential powers, Vice Presidents, Public contracts and procurement, Sanctions, Securities, Securities and Exchange Commission (SEC), Strategic materials and reserves, Telephone and wireless communication, Trade restrictions, United Nations, U.S. and foreign investments, Visas and passports, War and emergency powers, World health","dateModified":"2025-06-06T00:00:00.000Z","url":"https://legisdaily.com/bill/USA-116-HR-7007"}