Summary: H.R.1130 — 117th Congress (2021-2022)All Information (Except Text)

There is one summary for H.R.1130. Bill summaries are authored by CRS.

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Introduced in House (02/18/2021)

Secure Our Systems Against China's Tactics Act or the SOS ACT Act

This bill authorizes the Department of the Treasury to temporarily guarantee up to 50% of an investment made during the public health emergency declared due to COVID-19 (i.e., coronavirus disease 2019) in a business that (1) incurred losses due to COVID-19, (2) advances a national security interest, and (3) is susceptible to being purchased by a Chinese entity.