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Prohibiting Investments in Chinese Military Companies and Pension Fund Changes

This act aims to restrict financial flows to Chinese military companies. It prohibits trading their securities on U.S. exchanges and bans investments in them by investment companies, insurance companies, and retirement plans. This means your retirement savings will not be able to be invested in these companies, aiming to protect U.S. interests.
Key points
Prohibits trading of securities of certain Chinese military companies on U.S. exchanges one year after enactment.
Investment companies and insurance companies are barred from investing in these entities.
Federal funds cannot be used for contracts or purchasing agreements with these companies.
Retirement plans, including IRAs, are prohibited from investing in Chinese military companies, potentially affecting your investment options for savings.
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Status:
Expired
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Additional Information
American Financial Markets Integrity and Security Act
Print number: HR 1562
Sponsor: Rep. Gallagher, Mike [R-WI-8]
Process start date: 2021-03-03
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch
Summary & Status

Key Questions about Prohibiting Investments in Chinese Military Companies and Pension Fund Changes

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is HR 1562.

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 2021-03-03.

What are the main provisions?

Key points include:

  • Prohibits trading of securities of certain Chinese military companies on U.S. exchanges one year after enactment.
  • Investment companies and insurance companies are barred from investing in these entities.
  • Federal funds cannot be used for contracts or purchasing agreements with these companies.
  • Retirement plans, including IRAs, are prohibited from investing in Chinese military companies, potentially affecting your investment options for savings.

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. Gallagher, Mike [R-WI-8].

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.

Analysis and Potential Impact of HR 1562

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Economy Security