{"database": "press", "table": "releases", "rows": [["https://stanton.house.gov/2021/10/stanton-colleagues-introduce-bipartisan-bill-to-track-foreign-money-in-mergers", "Stanton, Colleagues Introduce Bipartisan Bill to Track Foreign Money in Mergers", "2021-10-20", "2021", "2021-10", "Democrat", "House", "AZ", "Greg Stanton", "S001211", "stanton.house.gov", "stanton", "https://stanton.house.gov/press-releases", "scraper", "Today, Rep. Greg Stanton joined a bipartisan group of colleagues to introduce the Foreign Merger Subsidy Disclosure Act (FMSDA) alongside Reps. Scott Fitzgerald (WI-05), Barry Loudermilk (GA-11), and Jackie Speier (CA-14).\n\nThis bill would require merging companies operating in the United States to disclose information about any financial support or subsidies provided by a foreign government to U.S. antitrust regulators, the Federal Trade Commission (FTC), and the Department of Justice (DOJ) Antitrust Division.\n\nState Owned Enterprises (SOE) and companies receiving foreign subsidies may take anticompetitive actions such as predatory pricing because they do not need to generate a profit, potentially distorting markets even more than their private counterparts. Antitrust regulators must be able to recognize when heavily subsidized, government-owned companies harm competition, particularly when China uses SOEs to acquire U.S. assets such as critical technologies.\n\n\u201cOur nation\u2019s economy works best for consumers, workers, and businesses alike when competition is fair and the playing field is level. By modernizing our existing antitrust laws, we can ensure that businesses with government-controlled investment stakes\u2014owned by China itself or its state-sponsored allies\u2014cannot wrongfully influence American markets and jeopardize our national security. I am proud to co-lead this bipartisan legislation to provide regulators with more information, innovative companies with more safeguards, and the American consumer with more transparency,\u201d said Congressman Stanton.\n\n\u201cThe need for Antitrust regulators to follow the money when countries like China utilize state-owned enterprises to distort markets and harm competition is strong and immediate,\u201d said Congressman Fitzgerald. \u201cChina has a long pattern of acquiring U.S. assets through state-owned enterprises, dedicating 3% of its GDP to direct and indirect corporate subsidies, often targeted at U.S. technology. This legislation will give antitrust regulators the information they need to identify foreign government subsidies and act when necessary.\u201d\n\n\u201cWhen countries like China subsidize businesses in order to undercut the market and gain the upper-hand through IP theft, the United States must take action to level the playing field,\u201d said Congressman Loudermilk. \u201cThis is why the Foreign Merger Subsidy Disclosure Act is vital, because it will require the FTC and DOJ to investigate, and take into account, subsidies a business receives from a foreign government before a merger can happen.\u201d\n\n\u201cAmerica must take seriously the risk that Chinese ownership stakes in American companies poses to America\u2019s economic competitiveness as well as our national security,\u201d said Congresswoman Speier, a member of the House Intelligence Committee. \u201cThat\u2019s why I\u2019m co-leading the Foreign Merger Subsidy Disclosure Act, which will give the US government the information it needs to make informed decisions on mergers and acquisitions by Chinese State-Owned Enterprise companies that benefit from government subsidies, which our companies don\u2019t receive, and that are seeking to derail American innovation and competition in the global economy while undermining our national security and world standing.\u201d", 1, "2026-03-30T01:40:41Z", "2026-04-06T20:24:51Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://stanton.house.gov/2021/10/stanton-colleagues-introduce-bipartisan-bill-to-track-foreign-money-in-mergers"], "units": {}, "query_ms": 1.592891989275813, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}