Proposed
Bill · 119th Congress · S 3640
Divesting from Communist China’s Military Act of 2026
Refreshed 4 h ago
Introduced 2026-01-14Topic: veterans military · economy jobsSummary
AI-generated summary, report an errorThis bill would require the Treasury Department to add any company that the Defense Department identifies as a Chinese military company operating in the United States to a Treasury list called the Non-SDN Chinese Military-Industrial Complex Companies List. The Treasury would have to add the company within 90 days of the Defense Department's identification, unless it is already on the list. Within 60 days of being added, the company would become subject to the investment restrictions in Executive Order 13959, which limit U.S. persons from buying or selling its publicly traded securities. U.S. persons would have one year after a company is added to buy or sell its securities only to divest them.
Sponsors
- Rick Scott Republican sponsor
- 4 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-01-14 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | refer |
| 2026-01-14 | Introduced in Senate | introduce |