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US Investment Restrictions in China: National Security and Critical Technologies.

This act establishes new rules to protect U.S. national security by restricting investments made by U.S. persons and entities in the People's Republic of China, particularly in advanced technology sectors like semiconductors and artificial intelligence. U.S. citizens holding securities in certain Chinese military-linked companies will be required to divest, and violations of investment prohibitions may result in significant penalties. The goal is to prevent U.S. capital from funding the development of Chinese military and surveillance capabilities.
Key points
Prohibition on U.S. investments in specific Chinese entities involved in critical technologies (e.g., advanced semiconductors, AI, hypersonic systems) deemed a national security risk.
Mandatory divestment (selling off) of securities held by U.S. persons in Chinese companies listed on the Non-SDN Chinese Military-Industrial Complex Companies List within one year.
New reporting requirements for U.S. investors engaging in certain transactions involving "notifiable technologies" in China, even if not explicitly prohibited.
Imposition of civil penalties (up to $250,000 or twice the transaction value) and potential forced divestment for violations of the new investment rules.
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Expired
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Additional Information
Print number: 118_S_5648
Sponsor: Sen. Cornyn, John [R-TX]
Process start date: 2024-12-20
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

COINS Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_5648.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-12-20.

What are the main provisions?

Key points include:

  • Prohibition on U.S. investments in specific Chinese entities involved in critical technologies (e.g., advanced semiconductors, AI, hypersonic systems) deemed a national security risk.
  • Mandatory divestment (selling off) of securities held by U.S. persons in Chinese companies listed on the Non-SDN Chinese Military-Industrial Complex Companies List within one year.
  • New reporting requirements for U.S. investors engaging in certain transactions involving "notifiable technologies" in China, even if not explicitly prohibited.
  • Imposition of civil penalties (up to $250,000 or twice the transaction value) and potential forced divestment for violations of the new investment rules.
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. Cornyn, John [R-TX].

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 2025-12-27.

CATEGORIES

Security Economy