Opposing Business with Chinese Military Companies Act
- Last Action
- 2/18/2021
Actions
- 2021-02-18Referred to the House Committee on Foreign Affairs.
- 2021-02-18Introduced in House
- 2021-02-18Introduced in House
CRS Summary
As of 2021-02-18 (00)
Opposing Business with Chinese Military Companies Act
This bill requires the President to exercise certain economic powers, such as investigating or prohibiting payments, with respect to an entity that is engaging in economic activities in the United States and is (1) affiliated with China's government or military, or (2) owned or controlled by an entity affiliated with China's defense industrial base. (The President currently has such powers but is not required to exercise them.)
The bill extends to December 31, 2026, a provision requiring the Department to Defense to annually report to Congress an updated list of such entities.
Cosponsors (12)
- Lisa McClain (R-MI)
- Mario Diaz-Balart (R-FL)
- Michael Waltz (R-FL)
- Burgess Owens (R-UT)
- Ralph Norman (R-SC)
- Ashley Hinson (R-IA)
- Steven Palazzo (R-MS)
- James Baird (R-IN)
- Elise Stefanik (R-NY)
- Brian Babin (R-TX)
- Michael Burgess (R-TX)
- Pat Fallon (R-TX)
Subjects
- Asia
- China
- Foreign and international corporations
- Presidents and presidential powers, Vice Presidents
- Sanctions
- War and emergency powers
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.