We don’t have a summary available yet.
The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Apr 9, 2019.
Protecting United States Businesses Abroad Act
This bill authorizes the President to impose visa-blocking sanctions on foreign individuals or entities that engage in certain forms of corruption, expropriation, or extortion to the detriment of a U.S. person or entity that has made an investment in a foreign country. Some of the actions subject to sanctions include (1) using state authority to extort payments from or intimidate such a U.S. investor, (2) expropriating the assets of a U.S. investor without just compensation, and (3) engaging in extortion or threatening force against a U.S. investor.
The President shall report to Congress on sanctions imposed under this bill.
The Department of State shall develop and report to Congress a strategy to coordinate U.S. government efforts to protect such U.S. investors from corruption.