Bill > S2048

This bill introduces comprehensive restrictions on U.S. investments in certain Chinese entities deemed problematic due to military, human rights, or national security concerns. The legislation requires the President to compile and publicly share a list of "covered entities," which includes companies associated with Chinese military activities, human rights violations, forced labor, or those sanctioned under various U.S. regulations. Within 90 days of enactment, U.S. persons (including citizens, permanent residents, and U.S.-based entities) will be prohibited from purchasing, selling, or holding securities issued by these covered entities, including derivative securities. The bill mandates complete divestment from these securities, with significant penalties for non-compliance: civil penalties up to $250,000 or twice the transaction value, and for willful violations, potential criminal penalties including fines up to $1 million and up to 20 years in prison for individuals. The goal is to prevent U.S. capital from supporting entities that potentially threaten U.S. national security or are involved in human rights abuses, particularly focusing on Chinese companies with connections to military, technological, or labor rights controversies.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/2048/all-info