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Sanctions on Chinese Military and Surveillance Companies

This act aims to strengthen financial sanctions against Chinese military and surveillance companies that support China's military and intelligence services. US citizens will be prohibited from investing in or transacting with these companies, which is intended to protect American interests and national security. These changes may impact financial markets and the availability of certain products if these companies are linked to global supply chains.
Key points
Expanded Investment Ban: US citizens will be prohibited from financing Chinese military and surveillance companies through various forms of investment, not just publicly traded securities.
Strengthened Sanctions: These companies will be placed on the OFAC Specially Designated Nationals (SDN) List, leading to asset blocking in the US and a ban on all transactions with them.
National Security Protection: The goal is to cut off funding for entities supporting China's military-industrial and intelligence complex.
Sanctions Exceptions: Sanctions will not apply to the importation of goods or US intelligence activities.
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Expired
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Additional Information
Print number: 118_HR_760
Sponsor: Rep. Barr, Andy [R-KY-6]
Process start date: 2023-02-02
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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

Chinese Military and Surveillance Company Sanctions Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_760.

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 2023-02-02.

What are the main provisions?

Key points include:

  • Expanded Investment Ban: US citizens will be prohibited from financing Chinese military and surveillance companies through various forms of investment, not just publicly traded securities.
  • Strengthened Sanctions: These companies will be placed on the OFAC Specially Designated Nationals (SDN) List, leading to asset blocking in the US and a ban on all transactions with them.
  • National Security Protection: The goal is to cut off funding for entities supporting China's military-industrial and intelligence complex.
  • Sanctions Exceptions: Sanctions will not apply to the importation of goods or US intelligence activities.
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. Barr, Andy [R-KY-6].

What is the latest detailed status?

The latest detailed status is: Reported (Amended) by the Committee on Financial Services. H. Rept. 118-804, Part I.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Security Economy