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H.R. 5103

BillFederalHouseIn Committee
Chinese Communist Economic Espionage Sanctions Act
About This Bill
Committee
Latest Action · September 2, 2014
Referred to the Subcommittee on Immigration and Border Security.
Congress
113th (2013–2015)
Introduced
July 14, 2014
Cosponsors (1)
1D 0R
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Summary

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Chinese Communist Economic Espionage Sanctions Act - Expresses the sense of Congress that the Chinese Communist Party and the government of China should be condemned for conducting cyber and economic espionage against the United States. Directs the President to prohibit transactions in property and property interests of a covered Chinese state-owned enterprise or a person who is a member of the board of directors, an executive officer, or a senior official of a covered Chinese state-owned enterprise if such property and property interests are in the United States, come within the United States, or are within the possession or control of a U.S. person. Directs the Secretary of the Treasury to require each financial institution that is a U.S. person and has within its possession or control such assets that are in the United States to certify to the Secretary that the financial institution has frozen these assets. Makes an alien who is a member of the board of directors, an executive officer, or a senior official of a covered Chinese state-owned enterprise ineligible for U.S. admission.

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