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HR9092119th CongressWALLET

Thwarting Regional Adversary Investments Now Act

Sponsored By: Representative Fitzgerald, Scott [R-WI-5]

Introduced

Summary

This bill would push the State Department to boost the ability of South and Central Asian governments to spot and manage legal and financial risks from investments or loans by foreign adversaries.

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  • Officials in nonadversarial South and Central Asian countries would get training to analyze, assess, and mitigate legal and financial risks tied to accepting investment or lending from foreign adversaries. Training must begin no later than 1 year after enactment.
  • The Secretary of State would deliver annual unclassified reports to specific congressional committees starting 2 years after enactment. Reports must summarize the prior year's training and list each lending or legal agreement between a nonadversarial country and a foreign adversary, with analysis of any risk to the United States; a classified annex is allowed.
  • The State Department would consult with agencies and offices such as the United States International Development Finance Corporation, the Committee on Foreign Investment in the United States, the U.S. Trade Representative, the Export-Import Bank president, and the Bureau of Humanitarian Assistance when carrying out training and reporting requirements.

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Bill Overview

Analyzed Economic Effects

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

Training for South and Central Asian officials

This bill would require the Secretary of State to provide training to appropriate government officials of nonadversarial South and Central Asian countries on how to analyze, assess, and mitigate legal and financial risks from investment or lending by a regional foreign adversary. The training would have to be made available not later than 1 year after enactment. Beginning not later than 2 years after enactment and annually after that, the Secretary would send an unclassified report to four congressional committees (House Financial Services; House Foreign Affairs; Senate Banking, Housing, and Urban Affairs; and Senate Foreign Relations). Each report would summarize the prior fiscal year’s training and list each lending or legal agreement between a nonadversarial country in the region and a regional foreign adversary, including any analysis of risks to the United States; a classified annex could be added. The Secretary would be required to consult with the U.S. International Development Finance Corporation CEO, the Committee on Foreign Investment in the United States, the U.S. Trade Representative, the Export–Import Bank President, the State Department’s Bureau of Humanitarian Assistance Administrator, and other appropriate agency heads.

Sponsors & CoSponsors

Sponsor

Fitzgerald, Scott [R-WI-5]

WI • R

Cosponsors

  • Rep. Nunn, Zachary [R-IA-3]

    IA • R

    Sponsored 6/2/2026

Roll Call Votes

No roll call votes available for this bill.

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