,,ii  #aaith ,,congress  #ast ,session  
,s4 #acfj  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,april #h1     
#bjbe,mr4 ,scott of ,florida 7for       
himself and ,mr4 ,van ,hollen7          
introduced the following bill2 which was
 read twice and referred to the         
,committee on ,banking1 ,housing1 and   
,urban ,affairs  ,a ,,bill  ,to require 
an annual report on ,united ,states     
portfolio investments in the ,people's  
,republic of ,china1 and for other      
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,protecting         
,american ,capital ,act of #bjbe4  #b4  
,annual report on ,united ,states       
portfolio investments in the ,people's  
,republic of ,china  7a7 ,in general    
,not later than one year after the date 
of the enactment of this ,act1 and      
annually thereafter1 the ,secretary of  
the ,treasury shall submit to ,congress 
a report on portfolio investments by    
,united ,states persons in the ,people's
 ,republic of ,china1 including such    

investments routed through a            
jurisdiction outside the ,united        
,states4  7b7 ,elements ,each report    
required by subsection 7a7 shall include
 an assessment of the involvement of the
 following in portfolio investments in  
the ,people's ,republic of ,china3 7#a7 
,united ,states persons making such     
investments1 including an assessment    
of-- 7,a7 the types of ,united ,states  
persons making such investments1        
including ,state pension funds2 and     
7,b7 ,united ,states persons making more
 than #b percent of the total of such   
investments in a year4  7#b7 ,chinese   
entities receiving such investments1    
including an assessment of-- 7,a7 such  
entities in individual sectors of the   
economic of the ,people's ,republic of  
,china1 including the housing sector2   
7,b7 any ,chinese entities subject to   
sanctions imposed by the ,united ,states
 receiving such investments2 and  7,c7  
,chinese entities that receive more than
 #ajj1jjj1jjj from such investments4    

7c7 ,period covered ,the period covered 
by a report required by subsection 7a7  
shall be-- 7#a7 in the case of the first
 such report1 the period beginning on   
,january #a1 #bjjh1 and ending on the   
date of the report2 and  7#b7 in the    
case of each subsequent such report1 the
 one-year period preceding submission of
 the report4  7d7 ,definitions ,in this 
section3 7#a7 ,chinese entity ,the term 
,chinese entity means an entity         
organized under the laws of the         
,people's ,republic of ,china or        
otherwise subject to the jurisdiction of
 the ,government of the ,people's       
,republic of ,china4  7#b7 ,united      
states person ,the term ,united ,states 
person means-- 7,a7 a ,united ,states   
citizen or an alien lawfully admitted   
for permanent residence to the ,united  
,states2 or  7,b7 an entity organized   
under the laws of the ,united ,states or
 any jurisdiction within the ,united    
,states1 including a foreign branch of  
such an entity4