CCP Sanctions Shot Clock Act
Sanctions on Chinese Military-Linked Companies
This bill is currently in the early stages of the legislative process. It has been sent to the Senate Committee on Banking, Housing, and Urban Affairs for review. No further actions are scheduled at this time.
Legislative Progress
While there is a lot of support for being tough on China, most small bills like this never make it out of committee on their own.
Key Points
- This bill requires the Treasury Department to act faster when identifying foreign companies that help the Chinese military. If a government report says a company qualifies for sanctions, the Treasury must add them to an official list within one year.
- The list targeted by this bill prevents Americans from investing in or trading with certain Chinese companies. By setting a one-year deadline, the bill aims to stop these companies from avoiding penalties through long delays.
- Once the Treasury Department adds new companies to the list, they must publish the updated names in the Federal Register. This makes it clear to the public and businesses which companies are off-limits for American investors.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
CCP Sanctions Shot Clock Act
Data Sources
Sponsor
Analysis generated by AI. Always verify with official sources.