STOP CCP Act of 2023

Hozzl · 2023-12-15T16:06:39Z

Explore the details of Senate Bill 852 STOP CCP Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on International Affairs. Stay informed on legislative developments.

12/15/2023, 4:06 PM

Congressional Summary of S 852

Sanction Transactions Originating from Pernicious Chinese Companies and Policies Act of 2023 or the STOP CCP Act of 2023

This bill prohibits U.S. persons (generally individuals and entities subject to U.S. jurisdiction) from trading in publicly traded securities with certain ties to China and expands the list of Chinese entities subject to sanctions.

The bill prohibits the purchase or sale, or related transaction, of securities issued by any person that operates or has operated in the defense sector or the surveillance technology sector of the economy of China.

Further, the Department of the Treasury must expand the Non-Specially Designated Nationals Chinese Military-Industrial Complex Companies List maintained by the Office of Foreign Assets Control to include any entity that supports the Chinese military-industrial complex. (This list identifies individuals and entities subject to U.S. sanctions.)

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Current Status of Bill S 852

Bill S 852 is currently in the status of Bill Introduced since March 16, 2023. Bill S 852 was introduced during Congress 118 and was introduced to the Senate on March 16, 2023. Bill S 852's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 16, 2023

Bipartisan Support of Bill S 852

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 852

Primary Policy Focus

International Affairs

Alternate Title(s) of Bill S 852

STOP CCP Act of 2023STOP CCP Act of 2023Sanction Transactions Originating from Pernicious Chinese Companies and Policies Act of 2023A bill to prohibit securities investments that finance certain companies of the People's Republic of China and to expand the Non-Specially Designated Nationals Chinese Military-Industrial Complex Companies List of the Office of Foreign Assets Control, and for other purposes.

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