0
0

Defending Memory Chip Supply Chains from the Chinese Communist Party Act

3/13/2024, 10:04 AM

Congressional Summary of S 5050

Defending Memory Chip Supply Chains from the Chinese Communist Party Act

This bill requires the President to impose sanctions on entities that produce flash memory integrated circuits of at least 128 layers and that have financial links to countries of concern. The bill also requires sanctions on the Yangtze Memory Technologies Corporation.

Current Status of Bill S 5050

Bill S 5050 is currently in the status of Bill Introduced since September 29, 2022. Bill S 5050 was introduced during Congress 117 and was introduced to the Senate on September 29, 2022.  Bill S 5050's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of September 29, 2022

Bipartisan Support of Bill S 5050

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 5050

Primary Policy Focus

International Affairs

Alternate Title(s) of Bill S 5050

Defending Memory Chip Supply Chains from the Chinese Communist Party Act
Defending Memory Chip Supply Chains from the Chinese Communist Party Act
A bill to impose sanctions on certain foreign flash memory integrated circuit companies that threaten the interests of the United States.

Comments