arrow_back Back to App

Bill on Sanctions Against Chinese Entities Linked to Intelligence

This bill directs the Department of the Treasury to add five Chinese aerospace companies and three individuals to sanctions lists. The goal is to protect US national security by restricting funding for entities supporting Chinese military programs, including those related to spy balloons. For US investors, this entails a prohibition on investing in these specific companies and the blocking of assets for the named individuals.
Key points
Mandates the addition of five Chinese companies to a sanctions list restricting capital investment by US citizens.
Mandates the addition of three Chinese individuals (executives and scientists) to the SDN list, which involves freezing their assets.
These actions are a direct response to the Chinese spy balloon incident over US territory in 2023.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_S_2275
Sponsor: Sen. Daines, Steve [R-MT]
Process start date: 2023-07-12
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

AIRSHIP Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_2275.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-07-12.

What are the main provisions?

Key points include:

  • Mandates the addition of five Chinese companies to a sanctions list restricting capital investment by US citizens.
  • Mandates the addition of three Chinese individuals (executives and scientists) to the SDN list, which involves freezing their assets.
  • These actions are a direct response to the Chinese spy balloon incident over US territory in 2023.
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. Daines, Steve [R-MT].

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 2025-12-30.

CATEGORIES

Security Economy