The PRC Military and Human Rights Capital Markets Sanctions Act of 2024 prohibits U.S. persons and entities from buying, selling, or holding securities issued by Chinese companies designated by the government as threats to national security or human rights violators. The bill targets companies on multiple U.S. government watchlists, including those involved in military production, forced labor, and entities previously sanctioned for human rights abuses. Within 90 days of enactment, the President must compile and publicly release a comprehensive list of affected companies with unique identifiers. U.S. investors holding these securities must divest within 180 days of the law taking effect or 180 days after a company is added to the list. Violations carry steep penalties, including civil fines up to $250,000 or twice the transaction value, and criminal penalties up to $1 million in fines and 20 years imprisonment for willful violations, though the bill allows temporary exceptions for investors actively selling off their holdings.
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