What is the official ID of this bill?
The official print number for this legislation is HR 2246.
New Rules Restrict US Investment in Critical Chinese Technologies and Military
This law establishes rules restricting or prohibiting US persons from investing in Chinese entities operating in critical sectors like advanced semiconductors, artificial intelligence, and quantum technology. The goal is to protect US national security. The bill includes exceptions to the definition of covered transactions for certain publicly traded securities (regarding technology prohibitions) and limited partnership investments under a $2 million threshold.
Key points
Prohibits holding securities of Chinese military-linked companies (Non-SDN Chinese Military-Industrial Complex Companies List), requiring divestment within one year of enactment.
Imposes civil penalties for violating investment prohibitions or failing to report transactions involving prohibited technologies (e.g., AI, semiconductors, hypersonic systems).
The President gains authority to block transactions and property of foreign persons determined to be a national security threat in connection with China.
Status:
Introduced
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