S. 3476 is a bill aimed at monitoring investments by the United States in foreign entities controlled by adversarial countries. The bill requires the Secretary of Commerce, the Secretary of the Treasury, and the Securities and Exchange Commission to report regularly on these...
Simple Explanation
The bill is about keeping an eye on the money the United States might invest in businesses controlled by countries like China, Russia, and Iran to make sure everything is safe and fair. It asks certain leaders to check and tell important details about these investments regularly, so everyone knows what's happening.