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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.
Read the Full Bill
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
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 5050
Primary Policy Focus
International AffairsAlternate 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.
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Sponsors and Cosponsors of S 5050
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