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Ban on Investing in Chinese Military Companies: Protecting Finances and Security

This act aims to restrict the ability to buy and sell shares of companies linked to the Chinese military. US citizens will be prohibited from investing in these entities, which is intended to protect their finances and national security. A transition period is provided for divesting existing investments.
Key points
Prohibition on buying and selling shares of companies linked to the Chinese military.
Transition period for selling off existing shares in these companies.
The Department of Defense will update the list of prohibited companies.
Violating the ban may result in financial penalties.
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Expired
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Additional Information
Print number: 117_HR_5786
Sponsor: Rep. Perry, Scott [R-PA-10]
Process start date: 2021-10-28
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Defund the People’s Liberation Army Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5786.

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 2021-10-28.

What are the main provisions?

Key points include:

  • Prohibition on buying and selling shares of companies linked to the Chinese military.
  • Transition period for selling off existing shares in these companies.
  • The Department of Defense will update the list of prohibited companies.
  • Violating the ban may result in financial penalties.
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. Perry, Scott [R-PA-10].

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 2025-12-28.

CATEGORIES

Economy Security