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Ban on Investments in Chinese Military and Human Rights-Linked Companies

New legislation prohibits U.S. persons from buying, selling, or holding securities issued by Chinese entities linked to military activities or human rights abuses. Individuals holding such assets will be required to divest within 180 days, with severe financial penalties and imprisonment for violations. The aim is to protect U.S. investors from supporting entities detrimental to national security and human rights.
Key points
Prohibition on purchasing, selling, or holding securities from listed Chinese military and human rights-linked entities.
Mandatory divestment of prohibited securities within 180 days of identification.
Significant penalties, including fines (up to $250,000 or twice the transaction amount) and imprisonment (up to 20 years) for violations.
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Expired
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Additional Information
Print number: 118_HR_7759
Sponsor: Rep. Sherman, Brad [D-CA-32]
Process start date: 2024-03-20
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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

PRC Military and Human Rights Capital Markets Sanctions Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7759.

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 2024-03-20.

What are the main provisions?

Key points include:

  • Prohibition on purchasing, selling, or holding securities from listed Chinese military and human rights-linked entities.
  • Mandatory divestment of prohibited securities within 180 days of identification.
  • Significant penalties, including fines (up to $250,000 or twice the transaction amount) and imprisonment (up to 20 years) for violations.
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. Sherman, Brad [D-CA-32].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

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

CATEGORIES

Economy Security