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S 852 118th Congress Senate International Affairs

STOP CCP Act of 2023

Introduced: March 16, 2023 Introduced by: Scott, Rick Republican · Florida See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 16, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 16, 2023
Introduced in Senate
 Plain-English summary Congressional Research Service

Sanction Transactions Originating from Pernicious Chinese Companies and Policies Act of 2023 or the STOP CCP Act of 2023

This bill prohibits U.S. persons (generally individuals and entities subject to U.S. jurisdiction) from trading in publicly traded securities with certain ties to China and expands the list of Chinese entities subject to sanctions.

The bill prohibits the purchase or sale, or related transaction, of securities issued by any person that operates or has operated in the defense sector or the surveillance technology sector of the economy of China.

Further, the Department of the Treasury must expand the Non-Specially Designated Nationals Chinese Military-Industrial Complex Companies List maintained by the Office of Foreign Assets Control to include any entity that supports the Chinese military-industrial complex. (This list identifies individuals and entities subject to U.S. sanctions.)

What's happening now March 16, 2023

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1