Bill > S2657

This bill aims to impose sanctions on Chinese and Russian entities that are supporting each other's military and defense capabilities, particularly in the context of the Russian invasion of Ukraine and potential tensions around Taiwan. The bill requires the President to impose sanctions on foreign persons (individuals or entities) who knowingly sell goods or services to the Russian military, facilitate procurement of arms or weapons systems, or assist in enhancing China's military capabilities. Specifically, these sanctions include blocking financial transactions involving such entities and making their representatives inadmissible to the United States. The bill mandates that the Secretary of State develop a strategy to coordinate with US allies to deter and undermine military support between China and Russia, including diplomatic engagement with countries like the UK, Japan, South Korea, and others. The sanctions can be waived for 90-day renewable periods if the President determines it is in the national interest, and the entire sanctions regime will sunset after seven years. The bill is based on findings that Chinese entities have been evading US sanctions and continuing to support the Russian defense industrial base, and that Russia has agreed to provide military equipment and training to China that could be used in potential operations against Taiwan.

Government Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/2657/all-info