# 119-hr-4617: American Investment Accountability Act

119-hr-4617, American Investment Accountability Act, is a 119th Congress bill sponsored by Rep. Stefanik, Elise M. [R-NY-21] (R-NY); status introduced; PRIA reads it as touching household money (as of 2026-07-19).

- Canonical: https://policyrisk.com/legislation/119-hr-4617
- As of: 2026-07-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-4617
- Congress: 119
- Title: American Investment Accountability Act
- Status: introduced
- Introduced: 2025-07-22
- Sponsor: Rep. Stefanik, Elise M. [R-NY-21] (R-NY)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-07-19

## Summary

**Monitor U.S. investments into entities linked to foreign adversaries** by creating a recurring federal reporting system. The bill would require Commerce, Treasury, and the Securities and Exchange Commission to deliver detailed, timed reports on direct and portfolio investments, mergers, joint ventures, spin-offs, and investments routed through offshore financial centers tied to countries of concern such as China, Russia, Iran, North Korea, Cuba, and Venezuela. - Gives Congress regular, usable data. Reports would start within 1 year and then come every 90 days and include values broken out by sector and state. - Forces more tracking of U.S. investors and covered U.S. businesses. The bill defines covered U.S. businesses to include firms with at least 25% U.S. ownership and excludes small businesses from that label. - Directs each agency to different details. Commerce would report direct investment flows, Treasury would report portfolio activity and public offerings, and the SEC would flag mergers, joint ventures, spin-offs, and expansions that exceed $5.0 million or $10.0 million thresholds.

## Provisions PRIA read

- Quarterly reports on investments in countries of concern: benefit, medium. This bill would require regular reports to Congress on U.S. money going into countries of concern and covered firms. The Commerce Department would track direct investments by U.S. persons, by sector and state, and include flows routed through offshore centers. It would count direct deals over $5,00…
- Who is covered and which countries: mixed, medium. This bill would set who and where the rules cover. It would list China (including Hong Kong and Macau), Russia, Iran, North Korea, Cuba, and Venezuela as countries of concern. A 'covered entity' would include firms based in or subject to those countries, tied to their governments, or with at least…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-2570: Maximum Pressure Act
- 119-hr-1229: United States-Israel Defense Partnership Act of 2025
- 119-hr-7613: ALERT Act
- 119-hr-624: RIFLE Act of 2025
- 119-hr-4206: CONNECT for Health Act of 2025

## Sources
- [119-hr-4617 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/4617)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-2570: Maximum Pressure Act](https://policyrisk.com/legislation/119-hr-2570)
- [119-hr-1229: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-hr-1229)
- [119-hr-7613: ALERT Act](https://policyrisk.com/legislation/119-hr-7613)
- [119-hr-624: RIFLE Act of 2025](https://policyrisk.com/legislation/119-hr-624)
- [119-hr-4206: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-hr-4206)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-4617 (as of 2026-07-19).