119th (2025–2027)
H.R. 2246
The Foreign Investment Guardrails to Help Thwart (FIGHT) China Act restricts U.S. investments in Chinese entities and technology sectors deemed critical to national security. The bill empowers the Secretary of Defense to prohibit or require notification of U.S. investments in prohibited technologies including advanced semiconductors, artificial intelligence, quantum computing, and military-related equipment, with civil penalties up to $250,000 or twice the transaction value for violations. U.S. investors must notify the government within 30 days of completing transactions involving these technologies, and individuals must divest from securities of Chinese military-related companies within one year of their listing on a government watchlist. The legislation requires annual congressional testimony and reports from State and Commerce secretaries detailing enforcement actions and technology threat assessments for seven years, while also directing the State Department to coordinate with allied nations on comparable investment restrictions and maintain a public database of restricted foreign entities.