S. 1113 is a bill introduced in the Senate that requires the Secretary of the Treasury to conduct a study and prepare a report on how the United States is exposed to the financial sector of the People’s Republic of China. The report should include assessments of risks, the...
Simple Explanation
The bill wants the U.S. Treasury to find out how much America depends on China's banks and money systems. They want to make sure this information is safe and could share some of it online while keeping some parts secret.