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Restricting China's Access to US Capital Markets for Non-Compliance with Law

This bill aims to protect US financial markets by conditionally restricting the Chinese government and its controlled entities from accessing US exchanges and capital markets. If the Treasury Secretary determines that China is non-compliant with international financial, trade, and sovereign debt laws, US financial institutions (banks, exchanges, brokers) must stop accepting new investments from them. While primarily focused on international relations, the goal is to enhance market stability and transparency, indirectly safeguarding American citizens' investments and savings from risks associated with unfair foreign practices.
Key points
Investment Ban: US exchanges, banks, and brokers must stop accepting new investments from the Chinese government and its controlled companies if China violates specified international financial laws.
Compliance Requirements: Restrictions will be imposed if China fails to comply with international norms regarding sovereign debt, capital market transparency, and prohibitions on discriminatory payments and selective default.
Market Protection: The objective is to increase the security and transparency of US capital markets by excluding entities that do not adhere to global financial standards.
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Additional Information
Print number: 118_S_3945
Sponsor: Sen. Vance, J. D. [R-OH]
Process start date: 2024-03-14
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OFFICIAL LEGAL TITLE

A bill to restrict the Chinese Government from accessing United States capital markets and exchanges if it fails to comply with international laws relating to finance, trade, and commerce.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3945.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-03-14.

What are the main provisions?

Key points include:

  • Investment Ban: US exchanges, banks, and brokers must stop accepting new investments from the Chinese government and its controlled companies if China violates specified international financial laws.
  • Compliance Requirements: Restrictions will be imposed if China fails to comply with international norms regarding sovereign debt, capital market transparency, and prohibitions on discriminatory payments and selective default.
  • Market Protection: The objective is to increase the security and transparency of US capital markets by excluding entities that do not adhere to global financial standards.
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. Vance, J. D. [R-OH].

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