Highlight any text to annotate

This bill requires the Treasury Department to add Chinese military companies to a sanctions list within 90 days of the Defense Department identifying them. Once listed, investment restrictions from an existing executive order would apply within 60 days, prohibiting most U.S. persons and entities from buying or selling securities of these companies. However, the bill allows a one-year grace period for investors to divest, or sell off, their existing holdings in these companies. The legislation aims to prevent Chinese military-industrial companies from raising capital through U.S. securities markets, coordinating with Defense Department procurement restrictions that take effect in 2026 and 2027. There is no specific funding allocated to this bill, as it primarily directs existing agencies to enforce existing executive orders more systematically.

Add a comment

Sign in to comment on this bill.

Annotate the text

Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.