US Sanctions: Blocking Finance for Chinese Military and Surveillance Companies.
This Act imposes broad financial sanctions on foreign entities operating in China's defense, military-civil fusion, or surveillance technology sectors. The goal is to cut off these companies from the US financial system, protecting national security and investor interests. For citizens, this means further restrictions on investing in or transacting with these specific Chinese companies.
Key points
Prohibits foreign exchange transactions involving foreign persons supporting the Chinese military or surveillance technology, limiting their access to US capital.
Imposes strict conditions on foreign banks that facilitate significant financial transactions for sanctioned entities.
The law expands and codifies existing investment restrictions, preventing US capital from financing China's military complex.
Expired
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