Mandatory Divestment from Chinese Military Companies: New Investor Rules.
This bill mandates that companies identified as Chinese military entities by the Department of Defense must be added to the restricted investment list (NS-CMIC List). US citizens and entities holding publicly traded securities in these companies will be required to sell those investments within one year of the listing date. This action aims to protect national security by preventing US capital from financing the Chinese military-industrial complex.
Key points
Requires the Treasury Department to list identified Chinese military companies on the Non-SDN Chinese Military-Industrial Complex Companies List (NS-CMIC List).
US investors (citizens and entities) must divest (sell off) publicly traded securities of these listed companies within a one-year period.
After the one-year period, transactions involving these securities are generally prohibited under existing Executive Orders.
Status:
Introduced
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