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Defund the People’s Liberation Army Act

12/30/2022, 7:33 AM

Summary of Bill HR 5786

Bill 117 hr 5786, also known as the Defund the People's Liberation Army Act, is a piece of legislation introduced in the US Congress with the aim of cutting off funding to the People's Liberation Army (PLA) of China. The bill seeks to prevent any US taxpayer dollars from being used to support the PLA, which is the military arm of the Chinese Communist Party.

The bill outlines various measures to achieve this goal, including prohibiting the use of federal funds for any joint military exercises or training with the PLA, as well as restricting the transfer of military equipment or technology to China. Additionally, the bill calls for increased scrutiny of any US companies that may be providing support to the PLA through business transactions or partnerships.

Supporters of the bill argue that cutting off funding to the PLA is necessary in order to protect US national security interests and prevent the Chinese government from using American resources to strengthen its military capabilities. They also believe that the PLA's actions in the South China Sea and other regions pose a threat to regional stability and US allies. Opponents of the bill, however, argue that cutting off funding to the PLA could have negative consequences for US-China relations and could potentially escalate tensions between the two countries. They also argue that the bill could harm US businesses that rely on trade with China and could lead to retaliatory measures from the Chinese government. Overall, Bill 117 hr 5786 is a controversial piece of legislation that highlights the ongoing tensions between the US and China, particularly in the realm of military and national security issues. It remains to be seen whether the bill will gain enough support in Congress to become law.

Congressional Summary of HR 5786

Defund the People's Liberation Army Act

This bill prohibits the purchasing or selling of publicly traded securities issued by certain listed Chinese military companies or contributors. The bill provides an exception for divestment in such securities. Decisions made by the Department of Defense to include a company on such a list or regulations created by the Department of the Treasury to carry out this bill are not subject to further review, including judicial review.

Current Status of Bill HR 5786

Bill HR 5786 is currently in the status of Bill Introduced since October 28, 2021. Bill HR 5786 was introduced during Congress 117 and was introduced to the House on October 28, 2021.  Bill HR 5786's most recent activity was Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, and Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of October 28, 2021

Bipartisan Support of Bill HR 5786

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
8
Democrat Cosponsors
0
Republican Cosponsors
8
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5786

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 5786

Defund the People’s Liberation Army Act
Defund the People’s Liberation Army Act
To limit the sale and purchase of certain securities, and for other purposes.

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