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Ban on Investments in Companies Supporting Chinese Military

New rules aim to prevent U.S. citizens from investing in foreign defense companies linked to the Chinese military. If you own such stocks, you will need to sell them within a specified timeframe to avoid legal consequences. This is intended to protect U.S. national security.
Key points
The U.S. government will regularly publish a list of companies that cannot be invested in.
U.S. persons cannot purchase securities of listed companies 180 days after the list is published.
Holders of listed company securities must divest within 180 days, with possible extensions for financial hardship.
The goal is to limit funding for the Chinese military by U.S. investors.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_1093
Sponsor: Rep. Banks, Jim [R-IN-3]
Process start date: 2021-02-18
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Stop Funding the PLA Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1093.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-02-18.

What are the main provisions?

Key points include:

  • The U.S. government will regularly publish a list of companies that cannot be invested in.
  • U.S. persons cannot purchase securities of listed companies 180 days after the list is published.
  • Holders of listed company securities must divest within 180 days, with possible extensions for financial hardship.
  • The goal is to limit funding for the Chinese military by U.S. investors.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Banks, Jim [R-IN-3].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Economy Security