S 5571
Chinese Military and Surveillance Company Sanctions Act of 2024
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- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the Chinese Military and Surveillance Company Sanctions Act of 2024, aims to strengthen U.S. efforts to counter China’s military and surveillance technology sectors. It proposes expanding sanctions beyond just publicly traded securities to include broader financial transactions and activities related to companies operating in these sectors. The bill also seeks to enhance the Treasury Department’s ability to identify and sanction Chinese entities involved in these technologies and requires regular reporting on these efforts.
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