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Prohibiting Investments in Chinese Military and Surveillance Companies

This act aims to restrict U.S. citizens' investments in Chinese companies linked to military and surveillance technologies. It means Americans will be prohibited from buying or selling shares in these companies, intending to protect U.S. national security. These changes might affect the investment portfolios of some individuals holding such shares.
Key points
Prohibits buying and selling securities of Chinese companies operating in defense or surveillance technology sectors.
Expands the list of prohibited Chinese companies to include entities supporting the Chinese military-industrial complex.
Strengthens sanctions against Chinese entities by automatically applying them under various laws, unless waived by the President.
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Additional Information
Print number: 117_S_4099
Sponsor: Sen. Scott, Rick [R-FL]
Process start date: 2022-04-27