Summary: H.R.702 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.702. Bill summaries are authored by CRS.

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Introduced in House (01/22/2019)

Stopping Foreign Businesses Sanctuary Act of 2019

This bill eliminates immunity from suit in U.S. courts for certain foreign entities, and their corporate affiliates, that are state-owned or state-controlled. Specifically, the bill provides for jurisdiction in U.S. courts over foreign entities that (1) conduct commercial activity in the United States, and (2) are incorporated in a foreign state in which state-owned or state-controlled entities commonly engage in commercial activity.