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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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Status:
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
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

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.

What is the impact of this bill?

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.

CATEGORIES

Economy Security