Bill > S1359

This bill, known as the "STOP CCP Act of 2025", aims to restrict U.S. investments in certain Chinese companies and expand sanctions against entities associated with China's military-industrial complex. The bill prohibits U.S. persons (including citizens, permanent residents, and U.S.-based entities) from purchasing or selling publicly traded securities of companies operating in China's defense, materiel, or surveillance technology sectors, as determined by the Secretary of the Treasury in consultation with the Secretaries of State and Defense. Within 180 days of enactment, the Treasury Department must expand the Non-Specially Designated Nationals Chinese Military-Industrial Complex Companies List (NS-CMIC List) to include entities supporting China's military-industrial complex, their subsidiaries, successor entities, and financial service providers. The bill also establishes a mechanism for closing sanctions loopholes by requiring sanctions to be applied across multiple statutes and executive orders, with a provision allowing the President to waive sanctions for national security reasons. If such a waiver is used, the President must notify Congress at least 20 days in advance, providing a detailed explanation of the rationale. Additionally, the President must report to Congress within 20 days of terminating any sanctions, explaining the reasons for doing so.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/1359/all-info