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Protecting Retirement Savings: Ban on Investments in Chinese Military Companies.

This law bans the listing and trading of securities issued by certain Chinese military-linked companies on US exchanges. Crucially for citizens, it prohibits retirement funds (like 401(k)s and IRAs) and insurance companies from investing Americans' money in these entities. The goal is to safeguard personal finances and national security by cutting off capital flow to these designated companies.
Key points
Investment Ban: Retirement plans (401(k), IRAs) and insurance companies must stop investing assets in Chinese military companies identified on US government blacklists.
Market Exclusion: These designated companies are prohibited from offering or selling their securities on US national exchanges or over-the-counter (OTC) markets.
Federal Contracts Restriction: Federal agencies are generally barred from entering into or renewing contracts with these covered entities, except under national security waivers.
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Expired
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Additional Information
Print number: 118_S_152
Sponsor: Sen. Rubio, Marco [R-FL]
Process start date: 2023-01-30
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

American Financial Markets Integrity and Security Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_152.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-01-30.

What are the main provisions?

Key points include:

  • Investment Ban: Retirement plans (401(k), IRAs) and insurance companies must stop investing assets in Chinese military companies identified on US government blacklists.
  • Market Exclusion: These designated companies are prohibited from offering or selling their securities on US national exchanges or over-the-counter (OTC) markets.
  • Federal Contracts Restriction: Federal agencies are generally barred from entering into or renewing contracts with these covered entities, except under national security waivers.
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 Sen. Rubio, Marco [R-FL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy Security