# 116-hr-7064: Stop Funding the PLA Act

116-hr-7064, Stop Funding the PLA Act, is a 116th Congress bill sponsored by Sen. Banks, Jim [R-IN] (R-IN); status Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-7064
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-7064
- Congress: 116
- Title: Stop Funding the PLA Act
- Status: Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Introduced: 2020-06-01
- Sponsor: Sen. Banks, Jim [R-IN] (R-IN)
- Cosponsors: 3
- Policy area: Foreign Trade and International Finance
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Stop Funding the PLA Act This bill requires the Department of the Treasury to establish a list of entities the securities of which a U.S. person shall be prohibited from purchasing or holding. Specifically, the Treasury must submit a report specifying each foreign industrial defense corporation with substantial contacts with, ties to, or support from any PLA entity (any entity of the Chinese military). The bill prohibits U.S. persons from purchasing a security of a foreign industrial defense corporation specified in the report, and it requires U.S. persons who own any such security to divest themselves of it.

## Cosponsors (3)

- Rep. Gallagher, Mike [R-WI-8] (R-WI), 2020-06-01T00:00:00.000Z
- Rep. LaMalfa, Doug [R-CA-1] (R-CA), 2020-06-01T00:00:00.000Z
- Rep. Stewart, Chris [R-UT-2] (R-UT), 2020-06-04T00:00:00.000Z

## Related bills

- 116-hr-7278: JUSTICE Act
- 116-hr-6802: ALIGN Act
- 116-hr-6742: Protecting Life in Crisis Act
- 116-hr-4692: Countering Turkish Aggression Act of 2019
- 116-hr-4305: PAWS for Veterans Therapy Act
- 116-hr-3495: Improve Well-Being for Veterans Act

## Sources
- [116-hr-7064 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/7064)

## Related
- [116-hr-7278: JUSTICE Act](https://policyrisk.com/legislation/116-hr-7278)
- [116-hr-6802: ALIGN Act](https://policyrisk.com/legislation/116-hr-6802)
- [116-hr-6742: Protecting Life in Crisis Act](https://policyrisk.com/legislation/116-hr-6742)
- [116-hr-4692: Countering Turkish Aggression Act of 2019](https://policyrisk.com/legislation/116-hr-4692)
- [116-hr-4305: PAWS for Veterans Therapy Act](https://policyrisk.com/legislation/116-hr-4305)
- [116-hr-3495: Improve Well-Being for Veterans Act](https://policyrisk.com/legislation/116-hr-3495)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-7064 (as of 2025-11-18).