1. Short title This Act may be cited as the American Investment Accountability Act . 2. Reporting requirements (a) Definitions In this section: (1) Appropriate congressional committees The term appropriate congressional committees means— (A) the Committee on Armed Services of the Senate; (B) the Committee on Banking, Housing, and Urban Affairs of the Senate; (C) the Committee on Finance of the Senate; (D) the Committee on Foreign Relations of the Senate; (E) the Select Committee on Intelligence of the Senate; (F) the Committee on Armed Services of the House of Representatives; (G) the Committee on Financial Services of the House of Representatives; (H) the Committee on Foreign Affairs of the House of Representatives; (I) the Permanent Select Committee on Intelligence of the House of Representatives; and (J) the Committee on Ways and Means of the House of Representatives. (2) Country of concern The term country of concern — (A) means a country the government of which is a foreign adversary, as defined in section 8(c)(2) of the Secure and Trusted Communications Networks Act of 2019 ( 47 U.S.C. 1607(c)(2) ); and (B) includes— (i) the People’s Republic of China (including the Special Administrative Regions of the People's Republic of China, including Hong Kong and Macau); (ii) the Russian Federation; (iii) Iran; (iv) North Korea; (v) Cuba; and (vi) Venezuela. (3) Covered United States business The term covered United States business means any entity that— (A) is— (i) a corporation, partnership, or other association organized under the laws of the United States or of any State, the District of Columbia, or any commonwealth, territory, or possession of the United States; or (ii) a foreign corporation, partnership, or other association, not less than 25 percent of the ownership interest in which is held by United States citizens or entities described in clause (i)