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119-hr-3635119th Congress

Foreign Adversary Investment Prohibition Act

Sponsored By: Representative Kean, Thomas H. [R-NJ-7]

Introduced

Summary

Would prohibit Members of Congress from making or holding financial transactions that benefit specified foreign adversaries or entities they own or control. It would let the Attorney General sue violators and set escalating civil fines for repeat offenses.

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  • Members of Congress would be barred from gifts, loans, deposits, investments in securities or commodities, and comparable economic interests acquired through derivatives with listed foreign adversaries. Violations could carry civil fines up to $5,000 for a first offense, $10,000 for a second, and $15,000 for each offense after that.
  • The Attorney General would be authorized to bring civil actions in federal court to enforce the ban.
  • The list of covered foreign adversaries is specific. It names the Peoples Republic of China including Hong Kong, Cuba, Iran, North Korea, Russia, and Venezuela under the regime of Nicolas Maduro Moros.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Lawmakers barred from investments aiding adversaries

This bill would bar Members of Congress, while serving, from financial deals that help certain foreign adversaries or their entities. Covered deals would include gifts, loans, deposits, securities, commodities, and derivatives like options or warrants. The listed countries would be China (including Hong Kong), Cuba, Iran, North Korea, Russia, and Venezuela under Nicolas Maduro. The Attorney General could sue in federal court for violations. Courts could fine up to $5,000 for a first violation, up to $10,000 for a second, and up to $15,000 for each later one.

Sponsors & CoSponsors

Sponsor

Kean, Thomas H. [R-NJ-7]

NJ • R

Cosponsors

  • Rep. Scholten, Hillary J. [D-MI-3]

    MI • D

    Sponsored 5/29/2025

Roll Call Votes

No roll call votes available for this bill.

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