Foreign Adversary Investment Prohibition Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 3635 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 3635 To prohibit Members of Congress from conducting certain financial transactions involving a foreign adversary of the United States, and for other purposes. _______________________________________________________________________ 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 sha