S. 4849 directs the Secretary of State to begin discussions with the Ukrainian government to help them create a system for reviewing foreign investments in Ukraine. This system would focus especially on investments from China, resembling the United States' investment review...
Simple Explanation
S. 4849 is a plan where the U.S. wants to help Ukraine set up a system to check if foreign countries, like China, are investing in Ukraine in a good way. It would give money and send helpers to Ukraine for five years to make sure everything goes smoothly.