Prohibiting Federal Funds to Sanctioned Entities
This new bill aims to prevent the provision of U.S. federal funds to companies and organizations subject to American sanctions. This means the U.S. government will not be able to contract with or fund entities linked to sanction lists, protecting national security and economic interests.
Key points
The U.S. government will be prohibited from entering into, renewing, or extending contracts with sanctioned entities.
Federal funds cannot be used to purchase goods or services from, invest in, or otherwise fund sanctioned entities.
The bill applies to companies on various sanction lists, including the SDN list, Chinese military companies list, and entities posing national security risks.
Status:
Expired
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