This bill restricts Americans from investing in certain Chinese companies. Specifically, it bans U.S. individuals and businesses from buying or selling stocks in Chinese companies that work in defense or surveillance technology. The idea is to prevent American money from flowing into sectors that support China's military and surveillance capabilities.

The bill also requires the U.S. Treasury Department to expand its official list of Chinese military-related companies that are already under sanctions. This expanded list would include any company that helps support China's military-industrial complex—basically any business that contributes to China's military development or operations. Once a company is on this list, Americans are prohibited from doing business with them.

In practical terms, if you're an American investor with a 401(k) or brokerage account, you could be restricted from owning stocks in certain Chinese tech or defense companies. The bill aims to use economic pressure as a tool to limit U.S. financial support for Chinese military and surveillance operations.

STOP CCP Act of 2023

Scott, Rick

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.)