billHR1952Event Friday, October 30, 2020Analyzed

Intercountry Adoption Information Act of 2019

Neutral

Summary

The Intercountry Adoption Information Act of 2019 (Public Law 116-184) was signed into law on 2020-10-30. It requires the Department of State to include additional information in its annual report on intercountry adoptions, such as listing countries that prevent adoptions by American parents and assessing fee impacts. This law is purely informational and reporting-focused, with no direct financial market implications.

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Key Takeaways

  • 1.This law is purely informational with no financial market impact.
  • 2.No publicly traded companies are affected.
  • 3.The law requires additional State Department reporting on intercountry adoption barriers and fees.

Market Implications

No market implications. This is a reporting requirement for the State Department with no private sector involvement.

Full Analysis

This bill, signed into law during the 116th Congress, amends the Intercountry Adoption Act of 2000 to mandate additional reporting by the Department of State on intercountry adoptions. Specifically, it requires the State Department's annual report to include a list of countries with laws preventing adoptions by U.S. parents, details on efforts to encourage resumption of halted adoptions, and an assessment of how fees affect families, especially low-income families and those adopting children with disabilities. The law does not authorize any funding, create any tax incentives, or establish any procurement programs. It is a transparency and oversight measure with zero direct market impact. No publicly traded companies are affected, as the law targets government reporting obligations, not private sector activity. The legislative process was straightforward: introduced in the House, referred to the Foreign Affairs Committee, passed under suspension of the rules, and signed by the President. There is no convergence with other market-moving signals.

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