PRC Military and Human Rights Capital Markets Sanctions Act of 2025

Key Points

• The bill would ban Americans from buying, selling, or holding stocks and other securities in Chinese companies tied to China's military, defense industry, or human rights abuses like forced labor. The ban covers publicly traded securities as well as derivatives and funds that give exposure to those companies.
• The government would build one unified public list of banned companies within 90 days, pulling from eight existing federal lists including the Pentagon's Chinese military companies list, the Commerce Department's Entity List, and lists tied to the Uyghur Forced Labor Prevention Act.
• Anyone who already owns banned securities would get 180 days to sell them. If a company gets added to the list later, investors would also get 180 days from that date to sell off their holdings.
• Penalties are severe: civil fines can reach $250,000 or twice the value of the transaction, whichever is higher. Willful violations can lead to criminal fines of up to $1 million, up to 20 years in prison, or both.
• The bill was introduced by Sen. Ricketts and referred to the Senate Banking Committee. It consolidates multiple existing sanctions lists into a single enforceable investment prohibition, going further than current executive orders that only restrict some Chinese military-linked investments.

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