Bill > HR2914

This bill establishes comprehensive sanctions targeting Chinese entities supporting Russia's military and economic activities during the Ukraine invasion. Specifically, the bill authorizes the President to impose financial sanctions on Chinese companies operating in Russia's technology, defense, and related sectors, as well as those acting on behalf of Chinese military or intelligence services. The sanctions can include blocking all transactions involving these entities' properties and interests within the United States. The bill provides a detailed list of "known Chinese military companies" subject to potential sanctions, including major corporations like Huawei, China Mobile, and Semiconductor Manufacturing International Corporation. The legislation requires the Treasury Secretary, in consultation with the State and Defense Departments, to determine within 180 days whether specific Chinese arms manufacturers meet sanctions criteria. Additionally, the bill expands existing controls to ensure that subsidiaries and entities controlled by sanctioned Chinese or Russian companies are also subject to the same licensing and regulatory restrictions. The bill aims to prevent Chinese companies from providing material support to Russia's military industrial base and to protect U.S. national security interests by disrupting potential technology and weapons transfers between China and Russia.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/house-bill/2914/all-info