Bill 119 s 1053, also known as the "Protecting National Security Act," aims to safeguard the national security of the United States by imposing sanctions on certain individuals from the People's Republic of China. The bill also prohibits and requires notifications regarding specific investments made by US persons in China.
The sanctions imposed by this bill are intended to address potential threats to national security posed by individuals from China. These sanctions may include restrictions on travel to the US, freezing of assets, and other punitive measures.
Additionally, the bill requires US persons to notify the government of any investments made in China that could potentially pose a risk to national security. This notification process is crucial in ensuring that the US government is aware of any potential threats and can take appropriate action to mitigate them.
Overall, the Protecting National Security Act is aimed at strengthening the US's defenses against potential threats from China and ensuring that investments made by US persons in China do not compromise national security.