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Foreign Adversary Investment Prohibition Act
To prohibit Members of Congress from conducting certain financial transactions involving a foreign adversary of the United States, and for other purposes.
Summary
This bill prohibits Members of Congress from conducting financial transactions that benefit foreign adversaries or entities owned or operated by them. Foreign adversaries are defined as China (including Hong Kong), Cuba, Iran, North Korea, Russia, and Venezuela under the Maduro regime. Covered financial transactions include gifts, loans, deposits, investments in securities and commodities, and derivative-based economic interests. The Attorney General may enforce the prohibition through civil lawsuits, with penalties ranging from $5,000 for a first violation to $15,000 for subsequent violations.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
1 cosponsor
Money behind the sponsor
Top reported contributors to Thomas H. Kean’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $19,727
- VETERANS GUARDIAN $13,200
- ULINE $13,200
- BRODIE GENERATIONAL CAPITAL PARTNERS, $13,200
- TC SERVICES $13,200
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Thomas H. Kean → · Outside spending →
Actions (2)
- May 29, 2025 Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. · house
- May 29, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
May 29, 2025
Mr. Kean (for himself and Ms. Scholten) introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned
A BILL
To prohibit Members of Congress from conducting certain financial transactions involving a foreign adversary of the United States, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Foreign Adversary Investment Prohibition Act”.
SEC. 2. PROHIBITION WITH RESPECT TO CERTAIN TRANSACTIONS BY MEMBERS OF CONGRESS WITH A FOREIGN ADVERSARY.
(a) In General.—A Member of Congress may not, during the term of service of the Member of Congress, conduct any covered financial transaction that benefits, directly or indirectly, a foreign adversary or an entity owned or operated by a foreign adversary.
(b) Civil Enforcement.—
(1) In general.—The Attorney General may bring a civil action in an appropriate district court of the United States against any person who violates, or whom the Attorney General has reason to believe is engaging in conduct that violates, subsection (a).
(2) Civil penalty.—If the court finds by a preponderance of the evidence that a person violated subsection (a), the court shall impose a civil penalty of not more than—
(A) in the case of a first violation of subsection
(a), $5,000;
(B) in the case of a second violation of subsection
(a), $10,000; and
(C) in the case of each violation of subsection (a) after a second violation under subparagraph (B), $15,000.
(c) Definitions.—In this section:
(1) Covered financial transaction.—
(A) In general.—The term “covered financial transaction” includes—
(i) any gift, subscription, loan, advance, or deposit of money or anything of value;
(ii) any investment in—
(I) a security (as defined in section 3(a) of Securities Exchange Act of 1934 (15 U.S.C. 78c(a)));
(II) a security future (as defined in that section); or
(III) a commodity (as defined in section 1a of the Commodity Exchange Act (7 U.S.C. 1a)); and
(iii) any economic interest comparable to an interest described in clause (i) that is acquired through synthetic means, such as the use of a derivative, including an option, warrant, or other similar means.
(2) Foreign adversary.—The term “foreign adversary” means—
(A) the People’s Republic of China, including the Hong Kong Special Administrative Regions;
(B) the Republic of Cuba;
(C) the Islamic Republic of Iran;
(D) the Democratic People’s Republic of Korea;
(E) the Russian Federation; and
(F) the Bolivarian Republic of Venezuela under the regime of Nicolas Maduro Moros.
(3) Member of congress.—The term “Member of Congress” means a Senator or Representative in, or Delegate or Resident Commissioner to, the Congress. <all>
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