0
Chinese Military and Surveillance Company Sanctions Act of 2023
12/16/2024, 7:29 PM
Summary of Bill HR 760
The bill outlines specific criteria for identifying companies that would be subject to sanctions, including their involvement in the development or production of military equipment or surveillance technology used by the Chinese government. It also calls for the imposition of asset freezes and travel bans on individuals associated with these companies.
Additionally, the bill requires the US government to submit a report to Congress detailing the companies and individuals that have been sanctioned under the legislation. This report would also include information on the impact of the sanctions and recommendations for further action. Overall, the Chinese Military and Surveillance Company Sanctions Act of 2023 represents a bipartisan effort to hold Chinese companies accountable for their role in human rights abuses and to promote transparency in US-China relations.
Congressional Summary of HR 760
Chinese Military and Surveillance Company Sanctions Act of 2023
This bill requires the President to impose property-blocking sanctions on companies involved with China's defense or surveillance technology sectors if the sanctions will address threats related to those sectors.
Specifically, if the President determines that imposing sanctions on a foreign person (individual or entity) would address certain threats related to investments in companies in China's defense or surveillance technology sectors, the President must impose sanctions on that person provided that the person is identified (1) as such a company in a specified report to Congress or in a June 3, 2021, executive order, or (2) by the Department of the Treasury as having engaged in transactions in the publicly traded securities (or derivatives) of such a company.





