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
Senate
House
President
Law
Unlikely to pass
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
2 milestones2 actions
May 20, 2026Senate
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.
May 20, 2026
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
No votes, news coverage, or related bills recorded for this bill yet.
Source Information
Document Type
Congressional Bill
Official Title
CCP Sanctions Shot Clock Act
Bill NumberS 4581
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
