To modify the definition of a communist Chinese military company for purposes of the imposition of certain sanctions, and for other purposes.
Holding Chinese Military Companies Accountable Act
This bill expands the definition of a Communist Chinese military company and addresses related issues. (Current law authorizes the President to exercise certain economic powers, such as investigating or prohibiting payments, involving a person designated a Communist Chinese military company.)
Under this bill, the Department of Defense (DOD) shall apply the designation to a person (i.e., an individual or entity) with significant investments in certain technology sectors, such as fifth-generation wireless communications or artificial intelligence, if the person is owned by, controlled by, or affiliated with the Chinese Communist Party or any person who has ever been a delegate to the National People's Congress.
The bill also requires DOD to continue making periodic determinations regarding such designations until December 31, 2026.
Referred to the Subcommittee on Energy and Mineral Resources.
Introduced in House
Introduced in House
Referred to the House Committee on Foreign Affairs.
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